Buy vs. Lease Your New Vehicle | Hendersonville NC | Serving Asheville, Canton & Saluda

Buying VS Leasing
Buy vs Lease

Buying vs. Leasing Your New Vehicle in Hendersonville, NC.

When shopping for a new vehicle, there are several decisions you have to make. In addition to choosing a make and model, you’ll need to decide whether to lease or buy.

At Hunter Hyundai, we know this decision can be difficult, which is why we have compiled a list of perks for both options. Keep reading to learn which is the right choice for you.

WHY LEASE A VEHICLE?

Freedom of Choice

When leasing a vehicle, freedom and flexibility are the greatest benefits. Customers can choose to drive a new vehicle every few years, and postpone a purchase decision without the hassle of selling or trading the vehicle.

Flexibility

Leasing terms usually range between 24 and 60 months. With shorter terms, you can make more affordable payments and also choose your mileage. You are normally given 12,000 or 15,000 miles per year if you lease, but if you need more miles, you can choose to purchase additional miles at signing.

Lower Payments

Since you're only buying the right to drive a vehicle for a particular amount of time, your financial responsibility and monthly payments could be significantly reduced. Also, if you're not prepared for a large down payment, then leasing may be your best option since there are leasing options available that require a $0 down payment.

Hazard-Free Driving

Since typical leases last two to three years, your vehicle will probably be covered with warranty protection for as long as you lease it.

True Convenience

When a lease ends, all you have to do is return the vehicle and pay any remaining fees (excess mileage or wear and tear, for example) and taxes. If you decide that you want to keep your vehicle when your lease ends, you’ll have the opportunity to purchase it at a predetermined price. In either case, you won’t have to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

The primary perk of buying instead of leasing your next vehicle is ownership. If you plan to keep your vehicle for awhile, then buying is the better option for you. Choosing to buy rather than lease also gives you the freedom to customize your vehicle to fit your lifestyle.

No Mileage Limitation

You are responsible for the miles you travel and won’t have to deal with any mileage restrictions if you choose to finance your vehicle. While leasing requires that you to plan how many miles you'll drive each year, buying your vehicle lets you drive as much and as far as you want without collecting fees.

Payment Flexibility

If you buy your vehicle, you can choose to finance or pay upfront with cash. If you pay with cash, the vehicle becomes yours right away and you won’t have to make monthly payments. If you choose to finance, you have an extended period of time to finish paying the loan. For best results when financing, we strongly recommend that you find the most affordable, reliable and competitive rates possible, which Hunter Hyundai can help you with.

True Freedom

Once you complete your payment schedule, which usually takes four to six years, the vehicle is yours. You can keep driving it without any further payments, or you can sell or trade it whenever you want. Once you own the vehicle, you won’t have to make any more monthly payments, which means that you could put those same funds into your savings account.

For any additional questions or information, stop by Hunter Hyundai at 2520 Asheville Highway Hendersonville, NC 28791. We look forward to serving customers from Asheville, Canton and Saluda.