Should I Buy or Lease?

Shopping for a new Hyundai in Wentzville? One of the first steps is finding out the best financial path for you to take. The answer lies within the debate between leasing vs. buying. Each has its own benefits, but the decision is ultimately a personal one based on needs, wants, and budget. Let's examine the benefits of leasing and the benefits of buying so you know what's best for you when you come into Suntrup Hyundai West near St. Charles.

Benefits of Buying

  • Financing Options: The car financing process is much more straightforward than leasing. Those without perfect credit can often apply, and you can refinance your loan to help lower your payments, as well.
  • Ability to Sell: Without being locked into a lease agreement, you can choose to sell your vehicle at any point.
  • No Mileage Restrictions: If you drive a lot inside and outside of St. Peters, buying is a better option. Leasing locks you into mileage limits, whereas buying gives you unlimited mileage.
  • Complete Ownership: Buying a vehicle gives you total ownership. You can decorate, modify, and change the vehicle to your liking without penalty.
  • Customization: Want to stand out on the streets? Buying allows you to totally customize the car. Make mechanical and cosmetic changes to truly personalize your ride.
  • Less Cost Over Time: Up front, buying a vehicle is more expensive. But over time, as you start paying back your loan, it becomes less expensive. The longer you own it, the cheaper it becomes to own.

Benefits of Leasing

  • High Approval Rating: Though some can be denied for a car loan, getting approved for a lease in generally easier. Even those with no credit can qualify in some cases.
  • Options: Stay with the most current model and up-to-date technology with leasing. You will have lots of options to sort through, and can find the perfect combination of features you want.
  • Lower Payments: From down payments to monthly payments, leasing a vehicle generally means lower payments overall.
  • Less Sales Tax: Leasing a vehicle typically means lower sales tax, in most states. In some cases, you'll only have to pay tax on the down payment, and for monthly payments. Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty, as long as you don't go over the mileage limit, is covered.
  • Trade-Ins: Once your lease agreement ends, simply bring your vehicle into Suntrup Hyundai West, pay off remaining fees, and drive home is your next vehicle of choice.
  • Excellent Coverage: Maintenance and warranty coverage is simple when leasing. Any issue that occurs under warranty, should you be within your mileage limit, is covered.

Learn More About Leasing and Financing at Suntrup Hyundai West

Whatever your final decision is, remember there is no official guide that everyone can follow. The decision comes down to what fits best. Speak with our financing department if you have any questions. To schedule an appointment or to schedule a test drive, contact us today!

Hours

  • Monday 9:00AM - 9:00PM
  • Tuesday 9:00AM - 6:00PM
  • Wednesday 9:00AM - 9:00PM
  • Thursday 9:00AM - 6:00PM
  • Friday 9:00AM - 9:00PM
  • Saturday 9:00AM - 6:00PM
  • Sunday Closed

Contact

Suntrup Hyundai Wentzville

971 Wilmer Road
Directions Wentzville, MO 63385

  • Sales: (636) 887-8711
  • Service: (314) 487-4004
  • Parts: (636) 887-8711

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