Leasing vs Buying

The decision between leasing and buying is a big one, and both offer specific benefits. You may prefer to avoid the commitment of owning a vehicle or you prefer the appeal of modifying your car without dealing with contracts. Before you settle on a Kia lease or vehicle purchase, let’s break down the difference between the two. 

Buying 

Purchasing a car makes it officially yours, and that comes with distinct advantages. You don’t need to worry about maintaining the vehicle in showroom condition, and this also leaves you free to make modifications.

One of the biggest benefits of purchasing a new Kia car in cash is that it leaves you free of monthly payments. Depending on how long you own the vehicle, purchasing it can be cheaper in the long run than a stream of monthly payments.

You can also consider purchasing one of our used Kia cars, which will help lower the overall cost of the vehicle. 

If you choose to go the Kia financing route and get an auto loan, you’ll have to make monthly payments, whose value depends on factors like your credit score, how much of a down payment you put down, your interest rate, and the length of the loan. Once you’ve paid off the car in full, it’s yours! 

Of course, owning a vehicle also means that it becomes your responsibility. When the time comes to sell or trade it in, it will be up to you to secure a favorable price. 

Leasing 

Leasing a vehicle allows you to keep monthly payments lower than a car loan and frees up your budget for a more expensive vehicle. Vehicles that you drive on a lease are

newer models that are still covered by original warranties, so this is a good option if you always want the latest technologies. 

As an additional benefit, your lease may also include perks such as free oil changes and service check-ins. There is also little commitment, so you can explore other vehicle options when your lease is up. 

With all that being said, leasing a vehicle isn’t without some downsides. Failing to keep the vehicle in good condition will incur additional fees. Lease contracts also set limits on your total mileage, so you have to be careful not to exceed that limit if you don’t want to pay extra. 

Explore Your Leasing and Buying Options at Sansone Kia 

Our team at Sansone Kia is prepared to answer any additional questions you may have about a potential lease. If you’re in the New Jersey area, give us a visit and our finance team will ensure you’re in good hands.