Buying vs. Leasing – Which is Better for Me?
One of the biggest decisions you'll face when exploring financing options is buying or leasing your new Hyundai.
When you buy a vehicle, you own it outright after completing the payment cycle. The longer you own the car, the more equity you can build. Plus, staying current with monthly payments can positively impact your credit score and refinance the loan for a more favorable monthly payment and interest rate.
On the other hand, leasing allows you to drive a new Hyundai for a set period with lower monthly payments*. You won't need a large down payment because you're paying for the vehicle's depreciation. While you're expected to return your lease at the conclusion of the agreement, you can always finance or purchase it whenever you want.
The decision to lease or finance ultimately comes down to preference and budget. If you have any questions about your options, our consultants are happy to help!
