Are you in the market for a new Hyundai vehicle today and not sure if you should lease or buy? Let's discuss key differences and scenarios why it might be better for you to lease a new Jerry's Hyundai vehicle rather than buying it and vice versa. Buying and leasing are both great options, make sure to pick the option that's best for you. Buy vs lease your next vehicle: both have pros and cons. Let's break them down!Â
While leasing a new Hyundai might be the better option for one person, it might not be ideal for someone else. Leasing a new Hyundai vehicle provides you with an affordable experience and no long-term commitments but the decision boils down to your expectations. Your driving habits and preferences are the driving factors in this decision, so there's no right answer for everyone.
What are the benefits of buying a new Hyundai?Â
Some people prefer to own the vehicle they're driving. It eliminates many restrictions to your driving experience.Â
The benefits of buying are:
- You can sell your vehicle anytime you like!
- You can trade in your vehicle to purchase a newer vehicle later.
- Eventually the vehicle will be paid off and owned by you.
- No mileage restrictions. Drive as much as you like without any extra costs!
What are the benefits of leasing a new Hyundai?
There are some great reasons to lease a Jerry's Hyundai over buying and owning one.Â
The benefits of leasing are:
- More affordable. Typically, leases have lower down payments and monthly payments.
- No depreciation loss. The lower value doesn't affect you.
- No hassle selling the vehicle when you're done with it.
- Not limited by your credit.
