Buying vs Leasing a Car

As you've been shopping for a car around Hartsdale, Yonkers, and New Rochelle, New York, have you considered how you want to pay for it?

Future car owners may be toying with buying vs. leasing their cars, so it's helpful to know the differences. The team at Central Avenue Hyundai steps in to give you the benefits of both options so you'll be satisfied with your personal payment plan.

Buying a Car

When you take out a loan, you're making a commitment to your car. Keep it for as long as you want and customize it as you wish. It's your car to paint, refurbish, and personalize with your favorite accessories, such as special decals, roof racks, and a ton of other goodies.

For road-tripping adventure seekers, there are no limits to how far you can roam. Make that cross-country foray to the Grand Canyon or down south to Orlando. It's up to you how far you can go, especially if it's that extra mile.

While you're making monthly payments for your car, you're building up your credit. This can be invaluable in that, if you keep up to date with payments and pay them on time and in full, you'll be eligible for other loans in the future. Maybe a house or a boat could be on the docket for your next big investment.

Leasing a Car

Are you the kind of driver who enjoys learning about and using cutting-edge features like advanced driver-assist systems? With a lease, you sign up to drive a brand-new car for a period of between two and five years. This short-term commitment enables you to try out the newest versions of the vehicles you love.

Without being tied down, you also can enjoy more premium amenities due to traditionally lower down payments. Since you're "renting" the car, it's yours until the lease term ends. Then, it's up to you how you want to proceed. If you want to keep the car, pay off the remainder of the balance. If you prefer to upgrade to the newest model, go right ahead and start a new lease.

Many newer cars require less maintenance and fewer repairs. With the warranty coverage still in place, major, unexpected repairs may already be covered. This offers you extra peace of mind so you can truly enjoy the ride.

 
 

Making Financial Arrangements

Veteran car owners or lessees may be comfortable deciding which way to go with financing. But if you're trying the opposite of what you typically do or you're a rookie to the whole business, talk to one of our finance professionals. They're well-versed with both finance options and can recommend which one will work better for you. Let them know your budget, lifestyle, and driving goals.

Remember, too, to fill out the secure online finance application in advance. This serves as a kind of blueprint so our finance professionals can evaluate your situation and offer expert guidance.

Decide to Buy or Lease Your Car at Central Ave Hyundai

Now that you know the differences, think about whether you want to buy or lease your car. Take into account what your lifestyle entails around Hartsdale, Yonkers, or New Rochelle, NY and use this information to lead you to the ideal path. To discuss your plans with a finance professional, set up a consultation at Central Avenue Hyundai today.

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  1. Central Ave Hyundai

    111 South Central Avenue
    Hartsdale, NY 10530

    • Sales: (866) 795-6215
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