So, you want to purchase a new Kia vehicle in Jersey City, NJ––great! Let's talk about the financing options that are available to you, including buying vs. leasing. Our sales department will happily help you choose your next vehicle and the financing to go with it.
Our finance department will happily help you navigate the pros and cons of buying vs. leasing cars in Jersey City, NJ, so contact us today.
The main advantage of leasing a vehicle is the lower payment options. You also generally don't have to provide a down payment, which is beneficial to most prospective car buyers.
Since you're not technically the owner of the model, you're not responsible for maintenance costs. All maintenance costs should be built into the lease terms, and the model will be under the factory warranty. So you're essentially getting the best years out of the Kia model.
However, leasing also means that the vehicle isn't yours, so you cannot personalize it. You also have to adhere to strict yearly mileage limits, which can be hard if you commute. If you're looking to lease a Kia vehicle in Jersey City, NJ, you need to remember that you're only paying for the value of the model while you drive it.
Core advantages of leasing a car:
Buying a new car comes with lots of responsibility, but also lots of perks. You can modify your model in any way that you see fit, especially with new Kia parts and accessories.
Leave nothing to the imagination when you're modifying your new Kia Sportage or Kia Optima, as we have a large selection of options to choose from.
While leased models are generally limited to strict mileage requirements anywhere from 5,000 to 12,000 miles a year, there is no such thing when you finance a vehicle or purchase it outright.
Instead, the car becomes an investment that you can either add value to or pass on to a family member later. You'll have the flexibility not only to modify your model but to sell or trade it in for a newer option.
So, what's the con? When you own the vehicle, you're responsible for down payments (depending on your credit score), maintenance requirements, and mechanical breakdowns. It is also likely that you might own it longer than the warranty lasts, so that will need to be factored into your budget down the road.
Advantages of buying:
Our skilled finance department in Jersey City, NJ will happily discuss the additional pros and cons of buying vs. leasing a Kia. We cannot wait to help you navigate the world of auto financing at our new Kia dealership!