There are plenty of drivers who visit our dealership and wonder whether they should lease a new Hyundai car or buy one. This question is a fair one to ask, and fortunately, our dealers at Lester Glenn Hyundai Toms River have the expertise to answer it in full.
Leasing vs. Financing
Which car payment method gives you the better deal? It all comes down to what you expect out of the ownership process. Auto leases are great because they tend to last a short amount of time, meaning you’ll get to swap out your outdated car for a brand new one every year or two. Also, leases are cheaper than auto loans, until you calculate the end of lease fees. Things like mileage caps and depreciation fees can hike the cost of a lease if you’re not careful, and they can spoil the cost-effectiveness of any lease.
If you don’t want to worry about extra fees, an auto loan might be the way to go. Auto loans tend to cover the full price of the vehicle, and while the monthly financial burden may be higher, you won’t ever have to worry about putting on too many miles or paying extra for depreciation. Over time, however, your car will become outdated when compared to the latest models, which can be a bit of a headache for some owners.
Visit Our Hyundai Finance Center
When you get right down to it, there is no better or worse option; it all depends on what you want. If you’re still on the fence about leasing and financing, our Hyundai dealers near Freehold, NJ can help you find the answer. At Lester Glenn Hyundai Toms River, we tailor our services to meet your needs so that you can get a truly top-notch dealership experience.