Our building is currently undergoing a remodel, but we are open!

Follow our Journey

Should I Buy or Lease?

2021 Hyundai Accent Limited

You know you’ll be heading home to Humboldt in a new Hyundai, but what you may not know is whether buying or leasing is the best fit for your needs. Whether you’ve got your eye on a new Sonata sedan or Palisade SUV, buying a car doesn’t have to be a hassle! Keep reading to find out which path will fits your needs best, and get answers to these common car-buying questions:

  • Should I buy or lease?
  • What are the benefits of leasing vs. buying?
  • Does leasing a car build credit?

What Are the Advantages of Buying?

There are several practical reasons to choose buying over leasing. Unlike leased vehicles, financed vehicles aren’t subject to mileage restrictions — a big advantage if you log heavy mileage on work trips beyond the Lexington area. Here are few other points to consider as you compare leasing vs. buying options:

  • Freedom to Upgrade – Leased vehicles can’t be upgraded with custom accessories, but there are no limits when you own your car!
  • Sell Anytime – You are free to sell or trade your financed car at any point, while leased vehicles must be returned to the dealership at the end of the lease term.
  • Bad Credit Financing – With in-house financing at your local dealership, it’s possible to finance a Hyundai vehicle with bad credit.
  • Save Money Over Time – Financing does cost more upfront, but you’ll save money after you finish paying off your loan and build equity in the meantime.
  • Trade Up – When it’s time for your next vehicle, you can offset the cost by trading in.
  • Build Credit – As long as you make your payments on time, taking out an auto loan is a great way to build or rebuild credit!

Benefits of Leasing vs. Buying

So, why mightDyersburg drivers choose leasing vs. financing? For one, leasing a car can build or rebuild credit, although not as much as financing. But the biggest perk is the smaller payments: you can expect to pay less upfront and less each month with a lease. Other benefits of leasing include:

  • Lower Tax – The sales tax rate in most states is lower for leased vehicles than financed vehicles.
  • Easy Trade-In – Trading in a leased vehicle is quicker and easier than trading in a financed vehicle. Simply drop off your car at the dealership, and you’ll be headed home to Milan in no more than an hour!
  • Warranty Coverage – Just like a financed vehicle, a leased vehicle will be fully covered by your Hyundai factory warranty.
  • New Technology – Looking for the latest performance and infotainment features? Leasing a new vehicle every three years is a great option.

Explore Your Auto Leasing vs. Buying Options in Jackson 

Questions about leasing vs. buying? To speak with an auto finance expert about any part of the car-buying process, contact our finance center today. You can even get started from home with an online financing application!


More from Allen Samuels Hyundai

  • Construction is Underway!

      New Vehicles About Us   Construction Is Underway At Allen Samuels Hyundai   Our new Allen Samuels Hyundai dealership is breaking ground! We will be open throughout the build process, there is never a better time to buy from us than RIGHT NOW! The new dealership will feature countless new upgrades and amenities to…

  • 2023 Hyundai Santa Fe Trim Levels and Pricing

      With five gorgeous 2023 Hyundai Santa Fe trim levels available, it’s easy to find the right one for your Jackson lifestyle. Plus, the 2023 Hyundai Santa Fe price starts at only $28,200 and gets excellent MPG, which makes it ideal for a growing family watching their budget. If you’re ready to learn more about…

  • Explore the 2023 Hyundai Tucson Interior

      The new Hyundai Tucson trim levels are real head-turners around Jackson, but it’s the 2023 Hyundai Tuscon interior that really has people talking! From the Hyundai Tucson seating capacity to its state-of-the-art features and generous dimensions, there’s a lot to love! Here Allen Samuels Hyundai gives you a glimpse inside the 2023 Hyundai Tuscon interior, but…

Allen Samuels Hyundai 35.649766, -88.8553608.