Buying vs. Leasing a New Car

When you’ve decided that it’s time to find a new car for your trips around Farmington Hills, Ann Arbor, and Southfield, you’ll want to carefully consider all your options. This is so you can find the one that’s suited for you. Of course, you’ll also want to think about the means in which you get the car. When the time comes, you’ll want to consider buying vs. leasing a new car.

At Feldman Hyundai of New Hudson, we’re here to assist drivers in learning about both leasing and buying, so they can weigh the benefits and decide which avenue is right for them and their new car!

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The Benefits Of Buying A Car
There are plenty of benefits to owning your own car. You can update the paint job, add some fun and stylish accessories, and even embark on a fun and adventurous road trip. Once you’ve gotten all that you can out of the vehicle, you can simply trade it in for your next car, or you can sell it on your own!
However, when it comes to buying, there’s a bit of responsibility involved. When you first begin financing the car, you’ll need a down payment that’s roughly 20% of the vehicle’s initial value. You’ll also need to keep up with the monthly payments, as well as the maintenance that the vehicle requires.


Benefits Of Leasing A New Car
Leasing a car is a great option for drivers who aren’t quite ready to own their own car. It gives you the chance to find a vehicle that you’re really interested in but may not be able to buy. There’s no significant down payment required with leasing, and you could potentially be seeing lower monthly payments.
While leasing is great, there also comes some responsibility with this option. The vehicle needs to be taken care of and returned in the exact condition it was leased in. There are also mileage restrictions, so you’ll want to carefully consider any potential trips depending on how far your commute is.
Once the lease term is up, you can either turn the vehicle in, purchase it out of the lease, or lease an entirely new Hyundai model from our dealership.


Choosing The Option That’s Right For You
Now that you’re familiar with both options detailed in this leasing vs. buying a new car guide, you’re closer to determining which route you want to take. When you’re ready to start reviewing your options, learn more, and get experience in the driver’s seat, you’re always welcome to drop by and see us to kick-start your buying or leasing experience.
At Feldman Hyundai of New Hudson, we’re more than happy to help drivers throughout Farmington Hills, Ann Arbor, and Southfield find the right car and determine the right option that’ll get them happy and on the road!
Schedule your test drive with us today!