Here at Danbury Hyundai, we are able to help you find the ideal vehicle options. We have a multitude of new Hyundai cars and SUVs, and with each one, it's about determining weather you should buy or lease your new Hyundai. Our team here serving those in Ridgefield as well as Waterbury and New Milford are always able to provide you with details and benefits to both so you make the smart and informed choice on your new vehicle purchase.
What is the Difference Between Leasing and Buying?
Leasing is when you're agreeing to pay a percentage of the vehicle's cost over a set period of time, and when those terms are up, you have decisions to make. Leases run usually from 24 to 36 months, and depending on how much money down or due at signing, you'll then start making the monthly payments throughout the duration of the lease until it's up.
When you choose to buy, you're agreeing to secure auto financing via a car loan and you then make payments on the vehicle until the loan is paid off. Once it's paid off, you are in full ownership of the vehicle and don't have to make any more car payments.
Why Should I Lease?
If you're looking to pay less in upfront costs like a down payment, you can find many lease terms available on new Hyundai vehicles here in Danbury. Leasing allows for you to secure a payment that is sometimes lower than what you'd find if you purchased and gives you flexibility. Only leasing a vehicle for two or three years allows you to enjoy the benefits of new technology and features, along with having your warranty cover most of your ownership costs as well. When you're done with the lease, you can choose to return it and upgrade to a new Hyundai, purchase your leased vehicle at its remaining cost by securing an auto loan, or go in a different direction.
Why Should I Buy?
Buying is also a good pathway for drivers. For many when they purchase a vehicle, they know they're going to be driving it for a long time. With a brand like Hyundai which has the backing of a 10-year/100,000-mile Powertrain Limited Warranty as well as the overall quality of Hyundai vehicles, you know you're making a smart choice. Buying, and then paying off the vehicle, especially if you're able to do so within the first three to four years, means a lot of quality driving without an auto payment too, which is appealing to lots.
What Are Lease Wear and Use Guidelines?
When you lease, you're going to see there are wear and use guidelines. That's because you're leasing, and don't own the vehicle so you have to make sure your Hyundai is well taken care of when driving. That includes mileage that can't exceed the agreed rate. Most people are able to do this because it checks in at about 10,000 miles per year. If you're going to put a lot of miles on your vehicle in short order, it might be best to buy. Additionally, you have to make sure you're getting factory service and not adding any accessories that could break the lease terms. These are all clear, laid out, and easy to follow. Most people have no trouble with it. Of course, if there's any questions you can ask us here at Danbury Hyundai.
Learn More About Leasing or Buying a Hyundai Today
The team here at Danbury Hyundai would be happy to highlight all the details, discuss your choices for leasing and buying vehicle from our dealership. We're here to answer questions and help you every step of the way.
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