Lease Versus Buying

Should I Buy or Lease My Next Vehicle?

Each option has advantages and drawbacks that drivers need to consider when deciding which is right for the needs of their life.

If you have found yourself questioning how you should finance your next vehicle, know that Pride Hyundai is here to answer some of those questions. The experts in our financing department can help guide you through the process, letting you see which auto financing program is right for you.

Buying Versus Leasing

The Advantages and Disadvantages of Buying a Vehicle

Buying means that you will be paying for the whole value of the vehicle, leading to outright ownership when the payments are done. You are free to change whatever you want on the vehicle, drive it as far as you want, and to pass it down or sell it when you are done with it. Many parents with students going to the University of Mississippi in Oxford, MS choose to buy because they will be able to send the vehicle with the student for the semester, not having to worry about any of the rules of a lease being broken.

While this all sounds pretty good, it comes with higher monthly payments than a lease does. Price is a large part of deciding automotive financing, but our team will make sure you aren't choosing a plan that leads to any extra stress in your life.

The Advantages and Disadvantages of Leasing 

Leasing is more affordable because you are only paying the difference in value from the beginning to the end of your lease, making it an attractive option for many drivers. Price isn't the only advantage though, leasing also keeps you in a vehicle that has the most advanced technology. Most lease periods are close to three years, giving manufacturers just enough time to come out with innovative safety and entertainment features that will keep you confident for your trip to Memphis, TN. Also keeping you confident is the fact that most leases don't extend out of the warranty period, keeping you covered if you have an issue.

The disadvantages start to come in if you don't pay close attention to the terms of your lease. The lease contract maintains that you must stay under a certain mileage, keep records of service appointments, and not to change anything on the vehicle, having fines imposed if any of those terms are broken. These fines can pile up, but our finance experts will have them clearly outlined to keep you from any issues with your Hyundai lease near Grenada, MS.

Every Tool that You Need for Financing Your Next Vehicle

While our experts are a wonderful resource, they aren't your only resource. You can use our payment calculator to get an idea of what you will be paying based on the price of the vehicle, your down payment, A.P.R. of the financing, and the term of payments. You can adjust any of these rates in the calculator to help you see where the perfect price point is; Once you can find it, we will be able to help you find a plan that will be as close to it as it can be.

No matter if you decide to buy or lease a Hyundai model, our team will be able to help you along the way. Our Batesville, MS Hyundai dealership can help provide the auto financing to get you into the vehicle that you truly want, all you need to do is visit our dealership to get started!

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Pride Hyundai

680 Highway 6 W
Directions Batesville, MS 38606

  • Sales: (662) 563-5464
  • Service: (662) 563-5464
  • Parts: (662) 563-5464
  • Get Pre-Approved: (866) 681-4963
  1. Pride Hyundai

    680 Highway 6 W
    Batesville, MS 38606

    • Sales: (662) 563-5464
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  • Monday - Friday 8:00AM - 7:00PM
  • Saturday 8:00AM - 5:00PM
  • Sunday Closed