Learn About Buying vs. Leasing at Circle Hyundai

 

Here at Circle Hyundai, drivers have plenty of options when it comes to finding the right new Hyundai model they like, and how they can choose to finance it. The most common question we get is what are your options when you buy, and what are your options when you lease and which is right for me? We're here to help answer that question so you can determine what course of action to take!

You can find how we've highlighted buying vs. leasing in greater detail on our website, but the short of is that when you lease, you're making payments on a vehicle over a set period of time, essentially it's like a rental. Once that time is up you get the chance to enter a new lease, purchase your leased vehicle at its remaining residual value, or walk away from the lease, meaning you have lots of flexibility. Generally speaking, lease monthly payments are also less than monthly payments when you buy, too. Leasing is a good option for those who like having new vehicles every few years, won't put heavy mileage on a vehicle, and enjoy the flexibility it offers.

When you buy a vehicle, you're making payments to pay off its valued price in full over time. You don't have the restrictions of mileage or wear and use as you would on a lease, and once you've finished making payments, you won't have a car payment anymore as the vehicle is fully yours. Buying is a good option for people who know they are in it for the long haul with their vehicle purchases, and will be driving frequently on long commutes that will see the odometer keep ticking.

Either way, with us at Circle Hyundai, drivers in Shrewsbury, West Long Branch, Red Bank, Middletown, Freehold and Asbury Park, NJ would be happy to further explain and help you decide if buying or leasing a new Hyundai is the right thing for you. You can learn more when you contact us online as we'd be happy to provide you with more details, answer any questions you might have and set up test drives today.

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