If you find yourself confused about financing a car, our team at Sansone Kia can help you with your Kia finance needs. Let’s review the basics of financing your next Kia vehicle.
Budgeting
The first thing you should do is determine your budget for the vehicle. There are numerous auto budget calculators out there. You will need to know your monthly target payment, the down payment amount, the term length, and the interest rate.
Trading in your vehicle can lower your costs. Head to our website for a free trade-in value estimate of your current vehicle!
Buying vs Leasing
Once you have the above information, you can determine whether you want to buy or lease your car. When buying a car, you typically will opt for installment financing, in which you purchase the vehicle but pay in payments over time, usually for 48-72 months. In contrast, leasing is a little like renting. You make payments based on the vehicle’s value during the period your lease agreement covers.
Let’s look at the benefits of buying versus leasing.
Buying
- No limit to the mileage you can put on the vehicle.
- You become the owner upon completion of all payments.
- You don’t have to worry about the vehicle’s condition.
- Major repairs are covered by the factory warranty.
- You can customize your car.
Leasing
- You usually have lower payments.
- You can drive a brand-new car every two to three years.
- Major repairs are covered by the factory warranty.
- The term of the contract is usually shorter than a purchase contract.
Ready to lease or buy?
Both sides have benefits, so whichever financing option you choose depends on your situation and what you want. If you are ready to purchase or lease your new Kia car, visit us at Sansone Kia today!
Connect with us
Recent Blog Entries
Categories
Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.
DISCLAIMER: Dealer shall in no way be held liable for any errors or omissions to be found on this website. Price(s) include(s) all costs to be paid by a consumer, except for licensing costs, registration fees, and taxes. Prices are subject to change without notice. Any purchaser or prospective purchaser should independently verify with a salesperson the accuracy of all information listed on this website. Actual equipment of this vehicle may differ. Contact store for more details.