Sales: 410-690-8681 Service: 410-690-8260 Parts: 410-690-8279 4327 Preston Road Hurlock, MD 21643

Buying vs. Leasing

Are you searching for your next Hyundai model, and are you unsure whether to go with the buy or lease option? The professional staff at your local Hyundai dealer near Delaware will happily answer your questions about the different purchasing choices for your next Hyundai model. Both buying and leasing have their advantages and disadvantages, and we have made a helpful chart for your consideration. The Preston Hyundai financial center team invites you for a visit and a thorough explanation of all the different options available for your next vehicle.

Pros of Buying

  • You have full ownership at the end of the loan.
  • There is no limit on mileage.
  • You have the flexibility to customize your vehicle.
  • In the long term, the cost of buying a car is less than leasing because you can continue to drive the vehicle after all the payments have been made.

Cons of Buying

  • Monthly payments are typically higher when financing.
  • Having the same vehicle won’t give you the latest technology.
  • It can take longer to sell your vehicle.
  • Longer terms lengths increase interest rates.

Pros of Leasing

  • You get a new car quicker.
  • You can drive a better vehicle for less money.
  • No long-term commitment.
  • In the short term, the monthly costs of leasing are lower than the monthly fees of buying.

Cons of Leasing

  • Leases have mileage limitations.
  • You won’t be able to make any modifications to your Hyundai model.
  • Leased vehicles must be returned in the original condition.

In addition to the above information, your local Hyundai dealer near Dover DE also wants you to consider several more bits of information before making your selection. Keep in mind how you would modify your new Hyundai model and what type of commute you would have on a daily basis. It would be better to buy if you plan on personalizing your vehicle and having yo make longer trips on a regular basis. Leasing may be the best way to go if you plan to have shorter commutes and want access to the latest vehicle updates when they come out. Our expert staff at Preston Hyundai looks forward to your visit and helping you drive away satisfied in your new Hyundai model.

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