When it comes to paying for a new car or SUV, more and more people are choosing the convenience and affordability of a Hyundai lease. Although it may not be right for everyone, leasing offers many benefits, including lower payments, full warranty coverage, and the ability to upgrade more frequently. When it comes to who should lease, most lease customers in Owosso and East Lansing are those who accumulate fewer than 15,000 miles yearly, aren't seeking to customize the vehicle, and enjoy getting the latest automotive technologies and features. Here's a quick look at some of the pros and cons of leasing.
Leasing Benefits
- Because leases are only a few years, you're not saddled with a long term commitment.
- Lease payments are typically significantly lower than loan installments, and lease agreement terms protect lessees from depreciation.
- With a lease, you're only taxed on your monthly payments, not the vehicle's full price.
- Leased vehicles are covered under warranty for the full term.
- With a lease, you're able to enjoy a brand new vehicle every few years. At the end of the term, you can upgrade to the latest model-year, try a new model, convert the lease to a loan, or simply return the vehicle.
Leasing Drawbacks
- A lease is essentially a rental agreement. Since you don't own the vehicle outright, major modifications are prohibited.
- Leased vehicles have yearly mileage limits (typically 10,000 to 15,000 miles) to preserve their value, and there's a predetermined fee for overages.
- Early lease termination incurs costly fees.
- Lessees are responsible for damage in excess of "normal wear and tear." However, there are warranty options for such instances.
Lease a New Hyundai near Flint and Dewitt, MI
Williams Hyundai is pleased to offer affordable leasing options on all our new Hyundai models. Look for the "Customize Your Deal / 4 Easy Steps" tool on any vehicle listing page. Here, you can adjust term details to find your ideal monthly payment, get a value for your trade, calculate taxes, apply for financing, and more, all from the comfort of home. For more information about our new Hyundai models and leasing opportunities, please give us a call or reach out to us online. It will be our pleasure to assist you.
