Buy vs Lease Finance in Springfield, PA

The way you pursue your next Hyundai vehicle can decide your driving habits in Springfield for years to come. Because of this, we at Springfield Hyundai would like to walk you through both routes of taking home a vehicle from our dealership! 

Leasing

If you’re interested in a more affordable route to pursuing your next vehicle, then we’d like to offer you the chance to explore the ability to get a leasing contract. These deals often only apply to factory-fresh models, allowing you to ride in the newest edition of your favorite car. Rather than paying for the total sticker price over time, you are making monthly installments toward the average depreciation rate. This is decided by the duration of the contract and the mileage limit, both of which are decided during the negotiation process. Once this agreement comes to an end after two to four years, you can lease another car, finance your current one for its remaining value, or hand in the keys and walk away after the inspection process. 

Financing

Would you like to purchase your next vehicle outright? Doing so through a financing contract through our Finance Department is your best course of action. This process consists of you paying for a loan for the vehicle over four to seven years. This is a more expensive route than the alternative, but it does come with the benefit of knowing that you will eventually fully own the vehicle you take on rides across the East Coast. Additionally, you can make physical alterations to the car without consequence, such as a new set of wheel covers or a coat of paint. And unlike leasing, financing largely extends to older and used models as well, giving you more latitude in your choices. 

What’s Best For You?

Deciding which plan is best for you typically comes down to taking a look at your individual circumstances. For instance, if you are working within a tight budget, you may want to consider financing an older vehicle or going through a leasing plan. Do you often drive a significant amount every year? Then you may find the mileage limit of a leasing plan to not be as beneficial. And for those who want to be in complete ownership of their car, financing is essential. Contact our dealership if you have any questions about this process so that you can soon take home your dream car for rides to Scott Arboretum and Gardens.

3 Key Questions to Consider When Deciding to Purchase or Lease:

• How many miles do you drive each year?
• How much do you have to put towards a down payment?
• Is your goal to drive a vehicle without a monthly car payment?