Buy vs Lease in Matteson, IL

The choice between buying or leasing can be confusing when you don’t have all the facts. That’s why, at Gerald Kia of Matteson, we want to explain each of these options. Continue reading for details!

Buying

Buying is the more known way to bring a vehicle home. This route means signing a contract that typically lasts around four to seven years. There may be variation in this number depending largely on the amount you reimburse each monthly period. You will be paying toward the full sticker cost of a vehicle with financing. At our location, we offer a lifetime warranty for your new Kia purchase, so you won’t have to worry about problems arising once you leave down Cicero Avenue. What’s not to love?

Leasing

If you aren’t keen on the idea of owning a vehicle, then leasing may be more up your alley. When you choose this avenue, a factory-fresh Kia model will head off through Matteson under your command. These contracts have an average lifespan of three years. During the time you cruise with your trusty Sportage or Seltos, a mileage limit will be imposed. This number will be discussed when you meet with our finance team, and it is dependent upon how often you wish to drive around the area. When the agreement ends, you can always swap to a financing plan to continue making memories with the Forte. Or, you can lease a new Kia to keep up with the latest advancements. Finally, you have the option of ending the contract altogether. 

Which Is Better for You?

Between the two avenues, there is no clear cut winner. Buying and leasing are both respectable and worthwhile ways to acquire a vehicle. Choosing which is for you is determinant on your needs. For example, if you plan on leaving Illinois, then purchasing could be a better route. This is due to the fact that you won’t have to make the trip back to return the model. However, if you have a strict budget to stick to, then leasing tends to be less expensive since you’re only paying toward the expected depreciation value. If you are having trouble deciding which path to walk down, meet with our financial advisors for further assistance. We are happy to go over each route in more detail!