Leasing vs Buying a Car

interior of a new Hyundai Santa Fe

Which is Right for You: Leasing or Buying a New Car?

Certain vehicles fit certain drivers better than others. Financing your new or pre-owned vehicle is no different. There are many great reasons to lease or buy outright, but these two methods of financing are not universally suited to everyone and what might be best for one person is not necessarily perfect for you. The hardworking finance team here at Balise Hyundai offers drivers from Springfield, Chicopee, Westfield MA, Enfield and Hartford CT variety of loan and lease packages for their vehicle purchase, and helps you decide which will work best for your unique situation. Both loaning and leasing offer different pros and cons, which is why the Balise Hyundai team offers you a stress-free, commitment free way to help you decide which is right for you and for your family.

Advantages to Leasing Your New Hyundai

The greatest advantage to leasing your new Hyundai is that you maintain the opportunity to trade it in for a newer model upon the expiry of your lease agreement. Since lease agreements are customarily shorter than financing packages, this allows you to stay up-to-date on all the new features related to performance, on-board connectivity and comfort that Hyundai offers every two to three years.

In addition to lower down payments and lower monthly payments, many of the lease packages we offer at Balise include repair costs, which can save you money on maintenance.

Another financial advantage of leasing is you only pay sales tax on the portion of the car's overall cost that's included in your lease package.

Advantages to Financing Your New Hyundai

When your schedule of payments ends on your financed vehicle, you own the vehicle outright. That means it's yours to sell, or trade-in at any time. Financing is a great way to invest in the resale value of your vehicle without being beholden to excess mileage limits.

Since financing allows you to pay off a larger amount over a more extend period of time, you may be able to include additional features and accessory upgrades not included in many lease packages.

Vehicle ownership also gives you the freedom to transport your new Hyundai between states, or even foreign countries without contacting your lessee, making it a great option for those who travel long distances with their vehicle.

Our Team Will Help Secure the Best Financing Option for You

The Balise Hyundai team is here to help drivers from Springfield, Chicopee, Westfield MA, Enfield and Hartford CT through their numerous financing options in the friendly, hassle-free way that's made us a favorite of drivers across the region. Visit us today to learn more about your options or contact us with any questions.