Lease Vs. Buying A Car
Finance Options Pave The Open Road
When many drivers in Tampa, Brandon and Wesley Chapel, Florida are in the market for a new Hyundai, putting together the most sensible payment plan is a key part of the process. Common questions are “Can I afford it?” and “What’s the best option for me?”
These are all quite understandable, and even smart, questions. After all, the last thing you want to do is create financial stress over something that is intended to be an incredibly exciting experience.
At Brandon Hyundai, we understand that and are here to help. Two strong considerations are a car lease vs. buying a car. While there are advantages to both options, what it boils down to is which works best for you and your budget. In these next few sections, we look at both options and explain scenarios in which a Hyundai lease could be just what you are after.
A Car Lease Is A Great No-Strings-Attached Approach
People get cars for different reasons. Some save for years to buy that car, truck or SUV they’ve dreamed about. Others, though, come at the automotive experience with a more practical, cost-efficient perspective. That is when a Hyundai lease may be the better option.
Think of a car lease as a long-term rental. When you decide on the new Hyundai right for you, a lease makes it yours for a designated amount of time, typically 2-3 years. Over the course of that lease contract, you make monthly payments, which are typically much lower than if you were financing to own the vehicle. At the end of the lease, you return the car for a newer or different vehicle or simply walk away. It’s that easy.
What To Keep In Mind When Opting For A Hyundai Lease
When you decide on a car lease, it’s yours for a determined amount of time. Since the vehicle is to be returned and likely passed on to another customer, there are things to keep in mind.
With a car lease and lower monthly payment, there will be a reasonable limit to the number of miles you can put on the vehicle. You will also not be able to customize the Hyundai. If your automotive needs are local and primarily based on practical purposes, these stipulations should never come into play.
Low-Interest Rates Sweeten The Deal When Buying A Car
When choosing to buy a car, another perk to a car purchase Tampa drivers find alluring is our effort to establish the lowest possible interest rate.
At Brandon Hyundai’s finance center, we remain competitive within the industry to help produce the lowest interest rates possible.
A credit report plays a role in establishing an interest rate to an extent, but regardless of credit history, we work with everyone looking to buy a new Hyundai vehicle. It is good to know, though, that a higher credit score typically results in a lower interest rate.
Count On Us When Opting To Lease Vs. Buying A Car
While financing to own is a fantastic way to go when in the market for a new Hyundai, the long-term commitment is simply not something everyone is looking for. In our finance center, we would be happy to assist with a finance plan, if that is how you would like to proceed.
Whether it’s for the long haul or something more temporary, as in lease vs. buying a car, count on the friendly and qualified professionals at Brandon Hyundai to make your next car-buying experience a tremendous one.