To Buy Or To Lease?
So, you’re ready to transition to a vehicle that better fits your lifestyle but are debating whether to buy or lease? There are several factors to consider when purchasing and leasing a car in Maryland, and the finance experts at Preston Hyundai have some insights that may help you make a decision. Review the pros and cons we’ve provided, and see which route best fulfills your needs in a vehicle. Then, contact us with any questions, and we’ll provide you with special Frog Incentives for the ultimate dealership experience.
Financing a Hyundai
Buying or financing a car allows you to own your vehicle. If you choose to purchase your next vehicle, you are responsible for any repair costs once your warranty expires. The longer you possess your vehicle, the more it depreciates in value, but once it’s paid off, you end up paying less for the car than you would a lease. There are many advantages to buying a car, such as:
- The long-term cost is less than leasing.
- You can modify the car as much as you want.
- You have more flexibility because you hold the title.
- No excess mileage penalty.
- Applying it toward a trade-in for your next purchase.
Leasing a Hyundai
When leasing a car in Maryland, there are several things to consider, such as driving habits, preferences, price, and term length. You’ll want to ensure your Hyundai remains in mint condition and within the chosen mileage limitations throughout the lease term to save yourself from costly fees at lease end. You will not own the car during a lease, so you won’t have the option to personalize it as you wish. On the bright side, there are many benefits to leasing a car in Maryland, such as:
- Often having a lower monthly payment.
- Staying current with the latest technology and features.
- Choosing your term length (typically 1-3 years).
- OEM warranty is included throughout your lease.
- Fewer maintenance costs.
Shop at Preston Hyundai
Learn more about the benefits of buying v. leasing a car in Maryland when you visit Preston Hyundai. Our sales representatives will help you make the right decision for your lifestyle.
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