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.