Should I Buy or Lease My New Hyundai?
Should I Buy or Lease My New Hyundai in Eugene, OR?
Not sure whether to buy or lease your new Hyundai here at Hyundai Eugene? Our team is here to help! It’s important to understand how these financial options differ from each other. Take a look at the table below to learn more about buying and leasing, then get pre-approved with our easy online credit application. When you visit our dealership, our finance team will be happy to delve into your options in more detail, helping you select the right loan or lease for your budget. Ready to begin? Keep reading to see whether buying or leasing a new vehicle is right for you.
| How Do Car Loans & Leases Differ? | Loan | Lease |
|---|---|---|
| Path to Ownership |  |
 |
| Upfront Costs |
Cash price or a down payment, taxes, registration, and other fees. |
First month’s payment, refundable security deposit, acquisition fee, down payment, taxes, registration, and other fees. |
| Lower Monthly Payments | |
|
| Customization Allowed | |
|
| Covered Under Warranty | |
|
| Future Value |
All vehicles depreciate, but you’ll have equity when trading or selling. |
The future value doesn’t affect you. |
| Unlimited Mileage | |
|
| Fees for Excessive Wear and Tear | |
|
| Fees for Early Termination | |
|
| End of Term |
You’ll have full equity to do what you want with the car. |
Purchase the vehicle, or buy or lease another car. |
| Vehicle Return |
Sell or trade. |
Return the vehicle at lease-end and pay any applicable fees. |
Why Purchase a New Hyundai?
When you buy a vehicle, you get the total freedom that comes with ownership. By making monthly payments for a few years, you’ll eventually pay off your loan and have 100 percent equity in your vehicle. Ownership comes with no fees or mileage limitations, and you’ll benefit from America’s Best Warranty coverage as well. Since the vehicle is yours to customize as you please, you can add an upgraded audio system, exterior accessories or bumper stickers with no penalties. Once you’re ready for a different vehicle, you can easily sell or trade in your Hyundai with us, and this will lower the final cost of your new ride. Though there are many pros, there are also a few cons of buying. Your monthly payments will typically be higher when you buy as opposed to when you lease, though this depends on your credit score and down payment amount. Once your warranty expires, you’ll be responsible for all maintenance and repair costs.
Why Lease a New Hyundai?
New car prices have risen over the past few years due to supply chain issues, which has led many drivers to lease instead of purchase. As mentioned, monthly lease payments can be more affordable than loan payments. If you choose to lease, you’ll get to drive a new Hyundai during the most worry-free years of its lifespan (and you’ll be covered by America’s Best Warranty the entire time). Once your lease ends, you won’t have to worry about selling or trading your vehicle. You’ll simply return it to our dealership, pay any applicable fees and decide which model to lease next. In terms of cons, remember that leasing comes with mileage limitations, no customizations, and fees for early termination and wear and tear.
If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us or visit Hyundai Eugene at 89320 N. Game Farm Road, Eugene, OR 97408. We look forward to serving customers near Florence, Springfield, Roseburg and Cottage Grove.
*Visit Consumer Reports’ page for more information on whether you should buy or lease.