Buy or Lease? Choosing Your New Hyundai on Staten Island

Shopping for a new Hyundai can sometimes be an arduous task. It can sometimes seem complicated with so many different makes, models, trims, and accessories. However, one of the most essential choices you’ll be making when you shop with the Island Hyundai experts is whether you want to lease a new vehicle or purchase one outright. There are multiple advantages to each, some of which we’ll discuss today.

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Leasing is ideal for drivers who want to experience the joy of driving brand-new vehicles but are unsure whether they’re ready to accept ownership. Leasing a car is similar to renting an apartment. You have the vehicle in your possession for a long time, but you don’t own it. Some of the advantages of leasing include a lower monthly payment and not having to worry about depreciation or resale value. However, some leases come with mileage limitations that, if exceeded, can cost you additional fees when the lease concludes.

Buying a new Hyundai has many advantages. Owning the vehicle outright means you can trade it in for a new one once you have paid off it. You also don't need to worry about mileage limitations or being prevented from customizing your vehicle with after-market products, such as a new stereo system. However, ownership also means being mindful of depreciation and market value to determine when the right time is to sell.

Suppose you’re a driver with a keen eye for cost and economy. There are a few items that you should consider. Leasing does mean you’ll typically pay a lower monthly payment, but you’ll also have limitations on how far you can drive. Many leasing agreements cover routine maintenance; purchasing a vehicle means you’ll have to worry about this matter when the initial warranty coverage runs out. That said, your best bet is to purchase if you’re ready to make a long-term and committed investment and plan on utilizing what you buy for several years and miles.

Choosing whether you want to buy or lease a vehicle is entirely subjective and depends on what you feel works best for you. At Island Hyundai, we can assist you in making that choice and getting behind the wheel of a vehicle that will give you everything you want. Learn more by visiting our Staten Island dealership, located at 1590 Hylan Blvd.