   Â
   Â
| Buying | Leasing | |
| Negotiated trade-in value | Trade-in | No trade in hassle or negotiation |
| Responsible for maintenance costs after warranty expires | Warranty | Less maintenance - typically always under warranty |
| GAP protection not included - added expense to purchase | GAP Protection | GAP protection included |
| Stagnant technology based on what was in effect at time of purchase | Technology | Technology obsolescence protection |
| No loyalty incentives | Loyalty | Lease loyalty incentives |
| Eligible for all dealer incentives | Incentives | Eligible for all dealer incentives |
| Potential negative equity if you sell your car before it is paid off | Equity | No chance of negative equity |
| Not required to maintain vehicle, but since you may eventually own it, why wouldn't you? | Program Maintenance | Responsible for program maintenance per manufacturers recommendation or you may be charged excess wear and tear |
Should You Buy or Lease Your Next New Hyundai?
Cumberland Hyundai Has Some Answers
At Cumberland Hyundai, we're proud to offer an extensive selection of new Hyundai models available for lease or purchase. Whether you're drawn to the stylish and fuel-efficient Sonata, the versatile Santa Fe SUV, or the electric-powered Kona EV, we have the perfect Hyundai to fit your lifestyle. But when it comes to deciding whether to buy or lease, the choice can be a bit overwhelming.
One of the most significant differences between buying and leasing is the upfront cost. When you buy a new Hyundai, you're typically financing the full purchase price, which can lead to higher monthly payments. Leasing, on the other hand, involves paying a monthly fee for the right to drive the vehicle for a specific period. This often translates to lower monthly payments and requires less upfront investment.
Another advantage of leasing is the reduced maintenance burden. Many leases include factory warranty coverage for the entire lease term, meaning you'll have peace of mind knowing that any necessary repairs or maintenance will be covered. Additionally, leasing allows you to drive a new car every few years, ensuring you're always behind the wheel of a modern, reliable vehicle.
However, buying a Hyundai does offer certain benefits, such as the ability to customize the vehicle to your exact preferences and the freedom to drive as many miles as you want without incurring additional charges. Plus, owning a car can be a valuable asset that can appreciate over time.
Ultimately, the decision of whether to buy or lease a new Hyundai depends on your individual needs and circumstances. If you're looking for a hassle-free, affordable way to drive a new car every few years, leasing might be the right choice for you. But if you prefer the flexibility and potential long-term value of ownership, buying could be a better option.
Visit Cumberland Hyundai today to explore our latest Hyundai models and discuss your leasing or purchasing options with a Client Advisor, today!
 
 
LEASE A NEW HYUNDAI
* Indicates a required field
