Buying vs. Leasing A New Car
With a star-studded lineup and consistent industry awards for reliability, safety, and quality, choosing a new Kia for your next daily driver is an easy choice.
The decision whether to buy or lease your next Kia, however, may not seem as obvious. To help Beaverton area shoppers, our in-house finance experts outlined a few of the benefits of buying and leasing.
Should I Buy or Lease A Kia?
What Are The Benefits of Buying?
No Mileage Limits
Since you own the car, you face no mileage limits typical of a lease contract. For drivers who expect to rack up considerable miles on their next car, a purchase will likely be the more prudent choice. The same goes for drivers planning to baby their next ride, which can preserve its value.
Excess Wear and Use
With a purchase, there’s no need to worry about excess wear and use. In fact, you can even customize your car should you have a knack for it. However, you should keep in mind your vehicle’s condition will impact its trade-in or resale value.
You Can Cash-in
Just as you can modify your vehicle to your liking, you can also sell it for cash or trade in at the dealership to save on your next purchase.
What Are The Benefits of Leasing?
Lower Monthly Payments and Down Payment
When you lease, you pay for the expected depreciation of the vehicle incurred during your lease term rather than equity in the car itself. In turn, you may not need to make a down payment and monthly payments will be lower than if you opted to purchase the same model. With lower overall costs, you can either pocket the savings or step up to more premium features or models you otherwise might not have considered with a purchase.
If you choose to renew your lease, you will never miss out on ever-evolving in-vehicle technology. For those who need modern everything, leasing is the way to go.
Reduced Costs of Ownership
Apart from fuel and routine maintenance, the costs of ownership are virtually zero. Repairs are unlikely given you are driving a brand new vehicle and, should your Kia need repairs, our warranty will cover it.
Discover Your Next Kia At Our Beaverton Dealership
If you’re still not sure whether buying or leasing is the right option for you, we’d be happy to provide personalized assistance. Fill out our online finance application to get started on the journey towards your next Kia.
Feel free to contact us at Beaverton Kia with any questions. We look forward to helping you get behind the wheel of your next Kia!