Buying vs Leasing

Buying vs Leasing: Learn All About These Financing Solutions from the Finance Center at Lansing Williams Hyundai

When you enter the market for a new Hyundai vehicle near Owosso, MI, you must choose whether you are going to buy or lease your next ride. You may be trying to find out all of the information you can about both choices but are having trouble finding reliable sources. Luckily, you can rely on our team for everything you need when it comes to auto financing.

The finance center at Lansing Williams Hyundai, located at 2845 E Saginaw Street in Lansing, MI, is your resource for discovering the differences between buying and leasing. We look forward to guiding you through the process of finding out which of these financing options is the best fit for you.

What Are the Benefits of Buying?

There are a lot of advantages to buying your new Hyundai car, truck, or SUV. As your Hyundai dealer near Flint, MI, we are here to provide you with the benefits of buying your new Hyundai model. Some of the perks that come along with the purchase of a new Hyundai vehicle include:

No limits on your mileage
Complete ownership of your vehicle after your auto loan is paid in full
No potential fee is your car suffers damage
Potential for customization and personalization

What Are the Advantages of Leasing?

Leasing your new Hyundai vehicle also comes with its own set of benefits. Since we are the Hyundai dealer near Ann Arbor, MI that many people turn to when they have questions about car financing, we are here for anyone who has questions about the advantages of a Hyundai lease agreement. Some of the perks of leasing a new Hyundai model include:

Your monthly payment will most likely be lower than if you financed the vehicle for a comparable term
You can get a new Hyundai model with the latest features every two or three years
There is factory warranty coverage for the entire time you are behind the wheel
Often requires minimal out-of-pocket costs for customers

What Are Some Main Differences Between Buying and Leasing?

Many folks may not completely understand the difference between buying and leasing as finance options. While there are some similarities, like a monthly car payment, there are many differences as well.

When you buy your new Hyundai vehicle, our finance team will get you approved for an auto loan with one of our many lending partners. What your monthly payment will be is determined by a number of factors, including interest rate, length of term, and down payment. After you pay your auto loan in full, the vehicle belongs to you.

Folks who lease their new Hyundai model have a different experience. Entering a Hyundai lease agreement means that you agree to take possession of the vehicle for a certain period of time. Usually, this period is two or three years. Also, you are restricted to a set mileage for the time period. Since you are only possessing the vehicle for a short time, you are only paying for that period. This means that your monthly payment will be lower. At the end of your lease agreement, you have a few choices. You can buy the vehicle you are leasing, lease a new Hyundai model, purchase a new or used vehicle from our dealership, or turn your keys in and do something different.

Applying for Your Car Loan or Hyundai Lease with Lansing Williams Hyundai

Our dealership wants to make applying for a car loan or Hyundai lease as easy as possible. You can apply for these financing solutions with our online credit application. When you complete this form, you will be asked for some personal information and about your income and employment. Our finance team will use this data to try and connect you with best financing solution for your individual situation.

Additionally, our finance experts will try to get you approved for one of the Hyundai financing offers and lease deals that we are currently running. Lansing Williams Hyundai urges you to apply for your car financing, so we can get you approved for your auto loan or Hyundai lease today.

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