What is the Difference Between Buying and Leasing?
Once you find the Hyundai vehicle that fulfills your driving requirements, you need to determine whether you would like to lease or purchase the model. If you have participated in one of these paths before or this is your first time acquiring a vehicle, we at Pohanka Hyundai of Fredericksburg are here to walk you through the process of each option. So, after you read this overview, make your way down to our location to finalize your paperwork and drive away with a competitive contract!
Chances are that you or someone you know has purchased a vehicle before. This path is the best choice for drivers that want to see a return on their investment, because you will officially own the vehicle once you make your last payment. And, since terms last anywhere between four and seven years, you will be able to use your model as a trade-in in no time at all! So, if you are ready to see which Hyundai driving option you can afford, head over to our online Payment Calculator to find your buying power and potential monthly rate. Then, when you think you have found something that works, you can move on to the Get Pre-Approved form to receive your go-ahead in three simple steps. Bear in mind, this feature will not ask for your SSN or DOB, and it will have no effect on your credit score! Then, when you fill out the secure Finance Application, we will get in touch with our trusted lenders ahead of time.
If you are not interested in committing to a long-term contract and want to experience the latest updates on the driving scene, then leasing might pique your interest. That is because it is synonymous with borrowing, and means you will be able to take home one of our top-notch Hyundai vehicles for an average of three years. In that timeframe, you won’t have to worry about a high monthly rate, because you will only have to cover the model’s depreciation while it is in your possession. So, if your needs are constantly changing, then this contract will be perfect, since you can change your mileage limitations with each new agreement. Best of all, you will be able to upgrade to one of the newer models on our lot or hand in the keys and walk away once your terms end, no questions asked. Talk about flexibility!
When you are ready to begin your search for the Hyundai vehicle of your dreams, you can do so from home to limit your time spent at our location. To get the ball rolling, scroll to the top of your screen and select the model you prefer beneath the New Hyundai dropdown. After that, you will be able to sift through the various trim levels that we have in stock, along with using the Narrow Your Search tool to refine your viewing. Make sure to read the details about the mileage, trim level, VIN, and upgrades, so you can know what each driving option comes with. Once you think you have found the ride you would like to test drive, you can confirm its availability, request more information, and read the brochure to learn more!
So, what is the difference between buying and leasing? The short answer is that one is for borrowing and the other is for ownership! All that’s left to do is visit our Finance Department at Pohanka Hyundai of Fredericksburg.
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