Lease or Buy? | Financing Your New Hyundai

Is a New Hyundai Lease or an Auto Loan the Right Way to Go When Shopping in Concord, NC?


Rest assured, if you're lacking in answers to this question, we here at our Concord, NC Hyundai dealership serving Kannapolis, Charlotte, Matthews, Monroe and Huntersville will help you out. Asking if you should lease or finance a new Hyundai is a great place to start your search for your next car, as the answer you reach will inform your decisions based on what kind of vehicle you can afford, and what kinds of features and options you want. Look through this resource guide to help you decide between leasing and financing your next new Hyundai Elantra, Sonata, Santa Fe or Tucson, then head on over to our Concord dealership today to get started.


Leasing a New Hyundai in Concord

  • With a lease, you pay taxes on each monthly payment, rather than one lump sum at time of purchase.
  • Monthly payments tend to be lower on a new Hyundai when leasing, because in theory, you're only paying for a percentage of the vehicle, as opposed to the whole thing.
  • A lease typically lasts three years, keeping you from a long-term obligation.
  • Your vehicle won't suffer from market deprecation by the end of the lease, keeping its value consistent over the term of the agreement.
  • Thanks to the manufacturer warranties, you'll pay lower service costs on a leased Hyundai.
  • You'll always have the option to purchase your Hyundai if you're happy with owning it for a longer term.

Bottom line: A lease is a great idea if you want lower monthly payments, don't want to commit to owning the same vehicle for a longer time, and if you can keep your annual mileage under control, as exceeding the terms of the agreement will add penalty costs.

Buying a New Hyundai in Concord

  • At the end of your loan term, you own your Hyundai outright, a considerable investment.
  • You'll be free to add accessories and make alterations to your Hyundai as you please.
  • Because you're building equity and credit, purchasing can end up being a cheaper option in the long-term.
  • You'll have the freedom to sell your Hyundai at any point, instead of having to wait for a lease term to end.
  • If you put on a lot of miles, purchasing a Hyundai might be a better choice, as you won't have any mileage limit penalties to worry about.

Bottom line: If ownership is important to you and you value the flexibility to accessorize and drive huge amounts of miles, we recommend you apply for a loan and purchase your new Hyundai.

Contact

Modern Hyundai of Concord

965 Concord Parkway South
Directions Concord, NC 28027

  • Sales: (888) 461-1599
  • Service: (888) 480-5309
  • Parts Department: (888) 856-6475

Hours

  • Monday 9:00am - 8:30pm
  • Tuesday 9:00am - 8:30pm
  • Wednesday 9:00am - 8:30pm
  • Thursday 9:00am - 8:30pm
  • Friday 9:00am - 8:30pm
  • Saturday 9:00am - 6:00pm
  • Sunday Closed

Still Have Questions? Let Modern Hyundai of Concord Help

We'll go over all your new Hyundai leasing or financing options so you can make the best choice. Visit Modern Hyundai of Concord today to get started.


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