When you are shopping for your next vehicle, there are various factors to consider. One major consideration is whether to buy or lease your car. Car leasing, once reserved for customers and businesses seeking luxury vehicles, it is now common in a variety of vehicles ranging from subcompact cars to trucks and SUVs. Massey Hyundai wants to help you decide whether buying or leasing is the right choice for your needs. Our sales professionals are ready to help our Winchester, Virginia; Chambersburg, Pennsylvania; and Martinsburg, West Virginia area neighbors choose your next Hyundai!

Leasing is a form of financing where customers do not pay for the entire car. When leasing a vehicle, you simply pay for the depreciation that occurs over the term of the lease, plus interest and fees. Typically, there is an amount due at signing, then the balance of the cost is paid off in installments throughout the duration of the lease term. The most common lease terms are two and three years, though contracts can be negotiated with different terms. You can also avoid the depreciation that comes from purchasing a new vehicle when leasing a vehicle. Other benefits of leasing your next ride include:

  • Latest Tech - Depending on the vehicle you lease, you can find the latest in safety and connectivity technology

  • Lower Monthly Payments - Paying for the depreciation that occurs during the term of your lease, your monthly payments are nearly always lower than when purchasing a car. This may allow you to get a nicer vehicle or afford a few additional options for the same monthly payment as you would were you buying the vehicle. 

  • Warranty Coverage and Maintenance - You don’t have to worry about the cost of expensive repairs as your new vehicle should be covered by the manufacturer’s warranty for the length of your lease term

  • Ease of Trade-In - When the lease has ended, you can simply return the vehicle to the dealership and walk away after paying any final fees

  • Smaller Down Payment -  When leasing, you’ll often have a smaller down payment than if you buy. Additionally, sometimes a lease may require nothing due at signing

Buying your next vehicle has benefits of its own, depending on your needs. Owning your vehicle means that you have more options for customization, mileage, and time restrictions. Buying a vehicle means that you can drive without worrying about mileage restrictions. You can use the vehicle as a trade-in on your next purchase or sell the vehicle at any time to purchase a different vehicle. Additionally, you can also customize your car to your tastes. 

Are you ready to begin shopping for your new Hyundai vehicle today? Head over to Massey Hyundai at 1706 Massey Blvd, Hagerstown, MD 21740 or give us a call at (301) 739-6756 to speak with one of our sales professionals. Our sales hours are Monday-Friday 8:30 AM-9 PM and Saturdays 8:30 AM-6 PM. Our team is ready to help you determine whether purchasing or leasing your next vehicle at your local Hyundai dealership.
Categories: Fleet, Finance, New Inventory