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Buying vs. leasing – it can be a tough call to make. Nonetheless, it’s a decision everyone must make before getting the keys to a new Hyundai.
Depending on your unique situation, one option should suit you better than the other. To help you make the right choice, the knowledgeable finance team at our Orlando dealership has gone in-depth.
Although upfront and monthly costs are typically higher when buying a new Hyundai vehicle, the time will come when you’ve paid everything off.
It’s all smooth sailing from there. There’s no more payments or worrying about mileage limits or obligations to cover excessive wear and tear. Additionally, you can enjoy the freedom to customize your Hyundai to your preferences, which could even improve its value.
If you expect to sell, you can cash in your vehicle’s value. Therefore, buying also helps you pay for your next ride.
When you lease, you’re covering the depreciation of the vehicle incurred during your term as opposed to equity in the vehicle itself.
Therefore, money due at signing is typically lower and potentially not even required. Monthly payments, too, are routinely lower than car loan payments. Considering your lower overall costs, you can opt for more expensive models, trims, and packages. On the other hand, you can pocket those savings.
You only have the vehicle for a set time, which allows you to upgrade your driving experience with each lease. There’s also little hassle each time you swap vehicles.
Lastly, Hyundai leases receive coverage under the new Hyundai warranty, so you’re off the hook for unexpected repairs resulting from regular use.
If you’re interested in learning more about the benefits of buying or leasing, don’t hesitate to contact us at Hyundai in Orlando. We look forward to getting you behind the wheel of the vehicle you want with a payment plan you’re comfortable with!