Should I Buy or Lease?

Planning to take the perfect white Kia Soul or Sportage LX home to Harvey? At Ray Brandt Kia, we want to ensure that you find a Kia model you love at a great price. That’s why we offer a variety of flexible lease and financing options. We frequently hear from car-buyers who are unsure about the difference between leasing vs. buying their next vehicehicle in Marrero. If you’re asking, “should I buy or lease?” or “is now a good time to buy a car?“, then we’ve got the answers you need in the guide below!

Benefits of Financing

What does it mean to finance a car? Financing involves taking out a loan to pay for a new vehicle, and then paying off the loan in a series of monthly installments. At the end of the loan term, the car is yours! As a vehicle owner, you can take advantage of certain perks, such as:

• No mileage limit. Should you buy or lease if you plan to log lots of miles in your next car? Unlike leased cars, financed cars aren’t subject to mileage restrictions.
• Freedom to customize. Leased vehicles can only undergo minor OEM upgrades, but financed cars can be customized and upgraded to your heart’s content. If you want a car that’s uniquely yours, you’ll probably want to finance.
• Sell or trade-in at any time. You can trade-in a financed car, even before the loan term is up. You are also free to sell the vehicle whenever you wish. If you choose to lease, you must return your vehicle to the dealership at the end of the term.
• Save money in the long run. Owning your car will save you money down the road when you no longer have car payments to make.
• In-house financing options. How do leasing vs. buying differ if you’re concerned about your credit history? If you have bad or even no credit, you may find it easier to finance in-house with your dealership.

Benefits of Leasing

If you aren’t ready to buy a car that you will drive for many years, you may wonder whether you should buy — or lease that Kia Sportage instead. Looking for a lower monthly payment and a lower cost upfront? Leasing may be the way to go. Leasing a car is a bit like renting it; you’ll pay each month to drive it, but it still belongs to the dealership. At the end of a three-year lease term, you’ll return the car to the dealership. Key benefits of leasing include:

• Lower cost upfront. Typically, a lease agreement does not require a downpayment. That means you will pay less to take your new car home to New Orleans!
• Smaller monthly payments. Leasing will cost you less each month than financing a similar vehicle. Tax rates in many states are lower for leased vehicles, as well.
• The latest technology features. If it’s important to you that you’re always driving with the latest safety or infotainment technology features, you should consider leasing.

Explore Kia Leasing vs. Buying Options in Harvey

If you need more information before deciding between leasing vs. buying, reach out to our team of expert financiers today. We’ll guide you in finding a leasing or financing solution that fits your needs and budget. You can reach us with our online form, or give a finance center a call at 504-356-7072 to get started today.