In our last post, we outlined all the reasons that a person may decide to lease a new Hyundai automobile rather than buy it outright, but that was only half of the story. There are, of course, plenty of advantages to buying a vehicle rather than leasing it, and we'd be remiss if we didn't spell out those advantages so our customers can make educated decisions when acquiring their new Hyundai cars near Springfield.
First and foremost, buying is definitely the best option for consumers that want to drive one vehicle for several years. Most of today's car loans last five or six years, but if you drive that car for 10 years, the financial benefit of not having a car payment over that amount of time would amount to savings in the thousands of dollars.
Another advantage is that when it comes time to buy a new vehicle, you would have the ability to get some money back by way of a trade-in. Whatever you trade or sell the vehicle for can be applied to your next auto loan, saving you money on the vehicle right off the top.
Also, leases have mileage limits, typically in the range of 10,000-12,000 miles per year, so if you're someone that drives their car a lot more often than that, buying would be more economical to avoid paying the overage fees charged for surpassing those limits.
Whether you lease or buy your new Hyundai vehicle doesn't really matter much in the big scheme of things; just make sure you choose the financing option that works best for you, and you'll be more than happy with your great new car or SUV. Come down to Conicelli Hyundai today to speak with one of our experienced product specialists about your options.
