Should I Lease or Buy My New Car? Round Rock Hyundai Explains!

 

Contact

Round Rock Hyundai

2405 N Interstate 35 Frontage Road
Directions Round Rock, TX 78664

  • Sales: 855-983-6001
  • Service: (855) 711-9080
  • Parts: (512) 904-6460

Hours

  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 8:00PM
  • Saturday 9:00AM - 8:00PM
  • Sunday Closed

The Benefits of Leasing or Buying a Vehicle

If you're in the market for a new vehicle, you can choose to either buy it outright or lease it for a predetermined amount of time. There are benefits to both options, and at Round Rock Hyundai, we can help you determine which is best for your situation.

The Benefits of Leasing

Perhaps the greatest benefit to leasing a car is the fact that your monthly payment will likely be lower than if you purchased it outright. This is because you are only paying for the vehicle's depreciation over the lease term. Furthermore, there may be no need to make a down payment as part of the lease agreement. One final reason to lease a vehicle is that leases can generally be transferred to other people. Therefore, you may not have to retain possession of your Hyundai for the entire lease term.

The Benefits of Purchasing a Vehicle

There are many reasons why you could want to purchase a vehicle in the Austin, Leander, Cedar Park, Pflugerville, Liberty Park, and Georgetown area. For example, the fact that you own it means that you can drive it as much or as little as you want. Furthermore, are no mileage caps or any fees to pay for exceeding them.

Additionally, you don't have to worry about paying for any excess wear on a vehicle that you own. The final benefit is that you can accrue equity in a car that you purchase outright. While it may be possible to use equity in a leased vehicle as a down payment on a purchase, this is not always the case.

Common Benefits of Leasing or Buying a Car

Whether you choose to lease or buy a vehicle, you will get whatever remains on the original manufacturer warranty. This means that you get the peace of mind that you want and deserve each time that you drive your car. Furthermore, you may be entitled to protections under state or federal defective vehicle laws whether you choose to lease or buy a Hyundai. Are you looking to lease a Hyundai near Austin? Call us today!

;