For those who are in the market for a new car to drive home to San Antonio, it may be hard to decide whether to finance or lease. At Principle Hyundai Boerne we are ready to help you navigate your questions.
What Is Financing?
Financing a vehicle is when you take out a loan to pay for it. You then pay down your loan by making monthly payments. You can work with our finance department to find lenders who have rates that work for you and your budget. You can also trade in your vehicle and put the value of that car towards the cost of the new vehicle you want to buy.
What Are Some Benefits of Financing?
Financing a car is an investment in your future. This car will be yours and you can do whatever you like to it. You can drive as many miles as you like and customize and accessorize it to your liking. You can also resell it one day and keep that money.
What Is Leasing?
Leasing a car is essentially renting a car for a fixed term, such as three years. You do not own this vehicle and thus have to agree to certain terms and conditions, such as agreeing to mileage limits and keeping it clean and undamaged. Once the term limit is up, you return it.
What Are Some Benefits of Leasing?
There are many great benefits to leasing. Monthly payments are generally lower when you lease. If you enjoy driving the newest cars on the market, leasing is a great way to drive one around for a few years. Routine maintenance and car repairs are usually covered under lease agreements as well, so there is less responsibility on your part.
Come Talk to Us
If you would like to learn more about the different ways you can take home a vehicle, come chat with us.
