Leasing vs. Financing a Hyundai in Downers Grove, IL
Have you recently browsed through our new vehicle inventory at Pugi Hyundai in Downers Grove, IL and spotted a car, SUV, or hatchback that is perfect for you? The next step in the process is to figure out whether financing or leasing a Hyundai is the right option for you. We’ve put together information on financing vs. leasing a car to help you make an informed decision.
Take a moment to learn more about the finance center at Pugi Hyundai. You can also check out new vehicle specials and incentives to save on your next vehicle purchase or lease.
|Pros Of Leasing||Cons Of Leasing|
|You can drive a car that would usually be out of your budget. And your monthly payments will likely be lower than an auto loan payment.||You may be faced with expensive upfront costs, such as taxes and fees.|
|Lease terms only last two or three years, which is great for drivers who appreciate the latest high tech features.||You’ll need to watch your mileage. When you lease a vehicle, you can only drive the agreed-upon mileage. You are responsible for the cost of exceeding the mileage in your terms of the agreement.|
|When your lease term is up, simply return the vehicle to the dealer, hassle-free.||You will be charged for any damage that isn’t considered normal wear and tear at the end of the lease.|
|Pros Of Financing||Cons Of Financing|
|Feel free to customize your new vehicle as you please.||Once the vehicle’s warranty is up, all repairs will be out-of-pocket and, depending on how well you maintain your car, it could be expensive.|
|Once you complete your payments, the vehicle is 100 percent yours.||Depending on your credit score and the cost of the vehicle, your monthly payments may be pricy.|
|If you decide your vehicle isn’t for you, you can sell it ay any time, even if you’re still paying it off.||Getting the best deal for your used car can become time-consuming.|
For more information on leasing vs. buying a car at our Hyundai dealership in Downers Grove, IL, send us a message online or call 855-909-0371 to speak with a product specialist directly.