Learning the Difference Between Buying and Leasing

If you are choosing a new Hyundai model or a vehicle from our used inventory, you might be trying to realize if you should buy or lease that vehicle. At Circle Hyundai in Shrewsbury, NJ, our finance team can help you make the final decision, but we want to give you as much information as we can. Choosing a vehicle from our dealership is more than just adding a new vehicle to your life, it is adding our team to your life, so whenever you have an automotive need, we are here for you.

Leasing means, essentially, renting a vehicle - paying monthly until your lease term is up. This is a good choice if you plan to upgrade your vehicle frequently, allowing you to get the most recent technology, features, and capabilities. The monthly payments will be cheaper because you are only paying for the difference in value from the beginning of your lease to the end rather than paying for the full value as you do when buying.

Buying is a good choice because you will have complete control over the vehicle, being able to modify it and put as many miles on it as you want. Leasing can come with extra fees if you go over the agreed number of miles, or if you put excess wear and tear on the lease, but when you buy you can do whatever you like with the vehicle. Buying is normally more expensive because you are paying the full value, but it is worth it if you value ownership, or if you plan on having the same vehicle for many years.

This is the most basic comparison between the two options, our finance team is always willing to help. We will answer all of your questions, helping you feel confident with any vehicle that you end up in. We have already helped customers from West Long Branch, Red Bank, Asbury Park, Middletown NJ, and Freehold make the best choice for their lifestyle, and we are sure that we can help you too.