Leasing vs. Financing a New Vehicle with Premier KIA of Kenner
If you’ve been looking at the newest KIA models, like the KIA Telluride or KIA Soul, you may be thinking about making one of them your new ride. Today’s buyers have the option to lease or buy, both of which can help them get into a brand-new model right away.
Leasing has gained notice, especially in recent years as more people work from home. With a lease, you can make monthly payments for two or three years, then turn the vehicle in for a new model. Leasing does come with mileage restrictions, which is less of a problem for people who don’t have to commute every day. Whether you decide to lease or buy, you can get a new KIA from Premier KIA of Kenner, serving Kenner, Slidell, and Metairie.
Leasing Your Vehicle with Premier KIA of Kenner
Leasing has become the choice for many because they can get a new vehicle every two or three years. They get to enjoy the latest technology and amenities. Plus, they never have to worry about repairs because the vehicles are under warranty.
Another advantage with leasing is that the monthly payments are lower than when you’re buying. You only pay for the value of the vehicle for the least term instead of the entire value like you would with a car loan. With the lower payments, you can afford a more expensive model. You can add optional packages to enhance your driving experience.
While leasing may be the right option for you, it’s important to be aware of a couple of negatives. First, you have limited mileage with a leased vehicle. If you go over those miles, you will have to pay for them when you return the vehicle. It can cost up to $1 per mile, which adds up and may be in the thousands.
You won’t be able to customize the vehicle you lease. You can’t make changes to it, and you must keep it in good shape. You also have to pay for wear and tear if you’ve had damage to it from spills, tears in the upholstery, or other issues.
Buy Your Vehicle at Premier KIA of Kenner
Many people still prefer the idea of buying a vehicle. They like knowing that they will own the vehicle once it’s paid off. You also get to customize it with new wheels, a new stereo, and other accessories. If you’re the type of person who likes to drive the same vehicle for years, buying is definitely the smarter investment.
When it comes to leasing vs. buying, neither choice is right or wrong. It depends on what best suits you and your financial goals. Weigh the pros and cons and determine how you want to get your next new KIA.
Stop by Premier KIA of Kenner and learn more about leasing or financing your next vehicle. Check out our selection of new Kia models to buy or lease and determine which model is right for you. We want to help you get behind the wheel of a new KIA today.