Lease or Buy? Finance Your Hyundai in Hampton, VA

Should Hampton Area Drivers Choose a Hyundai Lease or an Auto Loan?

Whether you should lease or buy depends largely on your personal situation and what you want out of your Hyundai vehicle ownership experience. Both are great solutions for getting behind the wheel, but drivers from Hampton, Virginia Beach, Norfolk, Newport News, and Williamsburg, VA are a vast and varied bunch, and what works for you might not for someone else, so take a moment to explore the advantages to each to see if you'd rather lease or buy that new Hyundai Sonata, Elantra, Accent, Tucson, Santa Fe, or Veloster.

Advantages to Leasing a New Hyundai Car, Crossover, or SUV in Hampton, VA

  • Lower Monthly Payments: When you lease, your payments reflect not the overall cost of the vehicle, but the amount of depreciation it will experience while you have it, so monthly payments tend to be lower than if you bought the same vehicle new.
  • Variety is the Spice of Life: With leasing, the terms usually run somewhere from two to five years, with there being a pretty happy medium. This means you're able to get into a factory new vehicle every few years without having to bother with selling your vehicle and buying a new one.
  • Maintenance is Covered: Most leases occur with new vehicles, which means you'll enjoy the manufacturer's warranty while you have the vehicle, and you might not have to pay much or anything for routine maintenance and repairs.

You Might Prefer Leasing If….

When you get down to it, leasing is a great option for those drivers out there who prefer lower upfront costs: lower monthly payments, lower insurance rates, and lower general maintenance cost. It's also a good choice for those folks who would rather have a brand-new Hyundai vehicle ever few years, rather than sticking with the same vehicle for many years.

Advantages to Buying a New Hyundai with an Auto Loan in Hampton

  • Own Your Vehicle: While monthly payments tend to be higher with an auto loan, the benefit is, your payments actually build equity in your vehicle, which isn't the case with leasing. They also contribute toward you actually owning your vehicle.
  • Make it Your Own: There are no restrictions on mileage or customization when you buy your vehicle, so it's yours to do with as you please.
  • Sell Your Car: This includes selling the car - you can sell your vehicle when you buy with a loan, but definitely not with a leased vehicle!

You Might Prefer Buying If….

After you tally it all up, purchasing with an auto loan might be for you if you're the type of person who doesn't want any restrictions on how much you drive; if you're planning to stick with the same vehicle for a long time and you want to build equity with your payments; or if you want the ability to personalize and customize your vehicle.


Contact

Tysinger Hyundai

2712 Magruder Blvd
Directions Ste C
Hampton, VA 23666

  • Sales: (888) 378-1660
  • Service: (888) 347-5723
  • Parts: (877) 854-2463

Hours

  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 8:00PM
  • Saturday 9:00AM - 6:00PM
  • Sunday Closed

What Are the Next Steps?

If you've got questions, we're here to help! Give us a call at (888) 378-1660 to speak to someone from our financing team about your financing options, and if you're ready to apply, simply fill out our online application and get started today!


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