Buying vs. Leasing - What are the Benefits of Each?

Owning a car is the dream of many Americans. Many people don't realize that there are many compelling reasons that someone might consider leasing their vehicle as well. Both buying and leasing have their unique benefits and drawbacks.

The main advantage of buying a vehicle is that you get complete discretion over what you do with your vehicle. You can customize it, drive it as much as you want, and even resell it if you're tired of it.

Leasing, meanwhile, is good for drivers who perhaps aren't ready to commit to a car for the long term. Most lease terms are only for a few years. Leased cars generally have lower monthly payments as well. The downside of leasing is that you have to return the car at the end, and may be restricted by things like annual mileage caps.

Interested in learning more about leasing and loan options? Get in touch with Glendora Hyundai in Glendora, CA. Our finance experts can tell you more about what's available.

Categories: Finance


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