Leasing Vs. Financing A New Vehicle

Which is Best for You?

Leasing Vs. Financing A New Vehicle At Premier Kia of Carlsbad

You’ve seen the new Kia Stinger, or you’ve been looking at the Kia K5 and you’d like to make one of them your next new car. You have two options to choose from with leasing or buying. Leasing is continuing to grow in popularity, but if you’re not sure what makes it a good choice for some buyers, read on.

Leasing allows you to rent a vehicle for two or three years, then turn it back in and possibly lease a new vehicle. It differs from financing because you only make payments for the lease term and return the vehicle instead of paying off a loan and keeping it. You can choose either option to get a new Kia at Premier Kia of Carlsbad.

Lease Your Vehicle At Premier Kia of Carlsbad

One of the reasons that leasing appeals to so many car buyers is they like the idea of having the latest model and getting a new model every couple of years. You never have to worry about making repairs because the vehicle is always under warranty. It’s a trouble-free ownership of a model you will enjoy.

Another benefit to leasing for many buyers is that your monthly payments are usually cheaper. You are only paying on the value of the vehicle for the term of the lease. While you carry most of the depreciation, you won’t have to pay for the entire sticker price as you would with financing.

When you lease, you can often afford a higher-end model. You may get to lease the top trim or add more packages than what you could afford with a loan payment.

Leasing sounds attractive as an option for a new vehicle, but there are a couple of issues you need to be aware of. The first is mileage. When you lease a vehicle, you are allowed a certain number of miles. If you go over these miles, you will need to pay extra when you turn it in. This could cost you several thousand dollars, depending on how much driving you did.

Another thing to be aware of is the care of your leased vehicle. You won’t be able to make any changes to the vehicle, and you must maintain it in good condition. Any spills or worn areas will cost you when you turn in the lease.

Buying Your Vehicle With Premier Kia of Carlsbad

As you can see, leasing has a lot of benefits. However, buying your Kia can still be the best option, especially if you like to drive a lot. If you like to keep your vehicle for several years, buying is the right choice because you can drive it after it has been paid off.

The choice between leasing and financing can be difficult. You can visit Premier Kia of Carlsbad and talk to the finance team about which option makes the most sense for you. If you live around Carlsbad, Oceanside, or Oceanside, stop in today to find your new Kia.

Drivers around Oceanside can learn more about the benefits of owning a hybrid like the new 2023 Kia Sportage Hybrid by calling or visiting Premier Kia of Carlsbad in Carlsbad, CA.