Buy vs. Lease a Hyundai Near Chicago, IL
Before finding the right Hyundai for you, figuring out how you will finance your new car will play a major role in your decision to purchase it. Out of all the choices you’re faced with when purchasing a new car, deciding whether to buy vs. lease a Hyundai is one of the most important decisions. While buying vs. leasing a Hyundai are both great options, your driving habits, needs, and budget will determine which option is best for you. Let’s take a look at some of the pros that come with buying vs leasing.
Hyundai Finance Chicago IL or Finance a New Hyundai Chicago IL
Buying a new Hyundai near Chicago, IL means that you will have to finance it in one of two ways:
1. If you have the total amount in cash, you can make one large purchase to avoid accrued interest charges over time, but you will still have to pay upfront fees.
2. If you do not have the money or would like to put down a certain amount of down payment and pay off the rest to build your credit, taking out a loan with either Family Hyundai’s finance center or with a private loan provider is one of the most common ways to finance a new car.
|Pros of Financing a Hyundai|
|Built up trade-in value or resale|
|No mileage limit or risk of lease-end charges/penalties|
|Claim ownership of the vehicle once it’s paid off|
|Longer finance terms to spread out the cost over 5-7 years|
Lease a New Hyundai Chicago IL or Family Hyundai Lease Chicago IL
Leasing a new Hyundai near Chicago, IL means that you will receive the luxury of driving a new car every 2-3 years but under certain terms and you will not get to own it after your lease term ends.
1. Most leases limit the number of miles you may drive, typically 10,000-15,000 miles per year, and might incur additional charges if you exceed those limits.
2. Lease terms are typically shorter, starting from as little as 12-24 months (short-term lease) and stretching up to 36 months (long-term lease). In comparison, most finance terms stretch from 60 to 72 months long.
|Pros of Leasing a Hyundai|
|Lower monthly payment|
|Reduced or no down payment|
|Eligible to upgrade every 2-3 years|
|Minimal responsibility for repair or maintenance costs|
Family Hyundai Buy vs. Lease Chicago IL
Purchasing a new car can be overwhelming and daunting choice to make, but at Family Hyundai, we make it as simple as ever! Are you currently car shopping for a new or used Hyundai near Chicago and wondering, “Should I buy or lease a Hyundai?” Our knowledgeable finance experts will help make the car buying process as hassle-free as possible by discussing flexible finance options that fit within your budget. Whether you are thinking about buying vs leasing a new or used Hyundai, you can always trust us, your local Chicago Family Hyundai dealer to make a wise and informed