Congratulations on deciding to bring home a new vehicle. Now, it is time to decide which path you should take when it comes to paying for your dream ride. Many drivers choose to finance a vehicle, also known as taking out an auto loan. This solution is a perfectly fine way to do things, but the team at D'Arcy Hyundai wants you to know that leasing your new Hyundai is an option as well. Let's look at some pros and cons of both options so you can decide.
Leasing
Choosing a lease will mean that you will have your new car for a set amount of time. There are limitations on the number of miles you can put on the vehicle, and customization is not acceptable for the program. However, the payment for your lease will likely be lower than it would have been if you had financed it. You also do not have to worry about expensive repairs as the vehicle ages. If you do not drive more than the predetermined mileage and like the idea of always having the latest model vehicle, leasing may be right for you.
Financing
Financing is the way to go if you want to eventually own a vehicle outright. It may require larger monthly payments, but each of those payments is helping you build equity in your car. Because you are buying the vehicle instead of leasing it, you do not have to worry about mileage or customization. Financing is sometimes a better option for parents who feel concerned about their children or pets damaging the vehicle.
Visit our new Hyundai showroom today to speak with a member of our finance team. We will take the time to get to know your unique situation and help you choose the right route for bringing home your new car.
