To Buy or to Lease Your Next New Kia? Fred Beans Kia of Flemington Weighs the Benefits of Both Financing Options

If you ask us, when you’re shopping the new Kia lineup of vehicles, there’s really no way to go wrong. As far as financing goes, however, you will want to be just as considerate and conscientious of your options as you were when perusing for your ideal make, model, and trim.

In a continued effort to simplify the car shopping and purchasing processes for our Flemington, NJ area clientele, we present to you the following information. Here, we have compiled what we believe to be the most compelling advantages to buying, as well as why you might choose to opt for a lease instead. Review the benefits of each, weigh your options, and as always, don’t hesitate to give us a call or stop by Fred Beans Kia of Flemington should you have any additional questions about the Kia lineup or any aspect of auto financing.

Benefits of Buying Your Next New Vehicle

Are you the kind of person who travels for work, has a lengthy commute, or enjoys weekend road trips out of town with friends or family? If so, there’s a good chance you likely put a decent amount of mileage on your car each month, which means you might be a better candidate for buying as opposed to leasing. Why? Most lease contracts include a mileage limitation; should you exceed this quota, you will be required to pay additional fees, whereas if the car in question is one that you own, you have the complete freedom to drive it however much you please.

Other compelling reasons to consider buying as opposed to leasing include the fact that once your monthly loan payments are up, the car in question is completely yours; you can continue driving it, trade it in for something new, or even sell it privately and potentially makes a profit. Either way, you walk away with something tangible at the end of the day. By contrast, when a lease contract is up, you walk away with nothing, as your monthly lease payment is really just a price you pay to drive the car for a finite period of time.

Benefits of Leasing Your Next New Vehicle

That all being said, there are a number of definitive advantages to leasing, making this financing alternative certainly worthy of your consideration. For one, when you decide to lease, you can typically drive a nicer, more well-appointed vehicle for less each month;  that’s because monthly lease payments are lower, as you’re only paying for the depreciating value of the car in question.

In a similar vein, leasing offers you the flexibility to more easily drive a new car every two to three years or so, because when your current contract runs out, you simply sign a new lease for a new model; no trade-in hassles at the end of your contract are required.