Buying or leasing? What's the difference?

Are you currently searching through the market for your first or next vehicle? Then make sure you know the difference between buying and leasing so you can choose the option that will benefit you the most. It's important to know your options and what they look like in your everyday life. 

Weigh the Advantages of Buying or Leasing

Buying

The main reason drivers choose to buy a vehicle is so that they can claim ownership. Monthly payments are often higher than that of a lease-depending on whether you pick a new or used model, of course, but the trade-off is that you are free to do as you please with your car because you are paying to keep it. In other words, you can drive it as much as you want and go as mild or wild as you want with upgrades. Now, your warranty on the other hand... 

When buying you aren't going to be limited by manufacturer lease options. You have the ability to choose the vehicle that you want - down to the color and trim. 

Leasing

In turn, the main reason drivers choose to lease a vehicle is for the benefit of affordability while enjoying that new car smell. Unlike a new car purchase, the monthly payments of leasing are generally much lower thanks to exclusive APR offers and other great discounts. Often times, prospective lessees will be entirely exempt or expected to pay a low down payment, which means savings are also plentiful right from the start! Better yet, this option is much like a long-term trial period so you can try out the latest models available and give them back after the term is up. This let's you try out different makes and models to find the one that best suits you. 

Visit Us Today at Marhofer Hyundai
Your New and Used Car Dealer Serving Cuyahoga Falls, OH.

Now that you have an idea of the differences we suggest that you follow up with a consultation at our Finance Center. With our help, you can buy or lease a vehicle with no trouble at all. They will take your budget into account and help you devise a plan that works the best for your needs. 

If you're ready to take the next step, check out our Trade-in Tool and set up that consultation . You could also get started on the application below. We will see you soon!