Beyond choosing the exact model you want to drive around Langhorne, Philadelphia, and Levittown when shopping for a new set of wheels, you'll also want to figure out which payment plan makes the most sense to you too. When it comes time to purchase your Kia, you'll have two main options to choose between-leasing vs. financing.
Leasing vs Financing
The Difference Between Leasing vs Financing
When you choose to finance your Kia, you are doing so with the goal to one day own your ride. You'll put a down payment on your Kia then our finance team will help you get an auto loan to cover the rest, which you will pay off over monthly installments. Instead of owning your Kia, leasing your ride is essentially borrowing the Kia from the dealership for an agreed upon set of time.
Most leases tend to be for a few years. You can look at the difference between leasing vs. financing a vehicle similar to buying or renting a house. One means it's yours to do any upgrades or changes on while the other lets you use it for a set period of time before moving on to something new. Each option also offers their own unique set of benefits, so let's see what you gain by either leasing or buying your ride.
Advantages of Buying Your Kia
Ownership comes with its own set of benefits. By choosing to finance your car, you will have the freedom to drive wherever and for however long you'd like. That is because you won't have any mileage restrictions. When you have finished paying off your auto loan, you can choose to keep driving your Kia for as many years as you want without having to make any more payments on your car.
You can also choose to sell it at any time you like and use what you earn towards the new ride you want. You can even customize your Kia with any accessories you'd like since financing your ride means you own it and can do whatever you'd like with it.
Advantages of Leasing Your Kia
When leasing a Kia, you might be able to enjoy lower costs, both up-front and from month to month. Plus, since you'll be driving a new model, maintenance and repair costs are usually minimal too. Because of all of that, you may find that you can budget for that higher trim level you want with the most advanced systems and luxurious interior.
With a lease, you also aren't tied down to the vehicle for a long set of time. If you need a larger SUV now, but once the kids move out would like to switch to a smaller model, a lease is the perfect way to do just that. Even if you just like the idea of always having the latest technology in your ride, you also might prefer to lease your Kia. That is because once your lease finishes, you can switch right into the latest model year of whichever Kia you'd like to lease next!
What Type of Payment Plan Is for You?
In the end, it will personally come down to what you prefer and what makes the most sense for your lifestyle. If you plan to drive your new ride for years to come, buying your Kia would be the way to go. If you like the idea of upgrading your ride often, you might want to lease your next Kia.
Either way, our finance team here at Fred Beans Kia of Langhorne can help you get behind the wheel of the Kia you want with the payment plan that makes the most sense for you. Contact us today and let our team help you get that new Kia you want to drive around Langhorne, Philadelphia, and Levittown!
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Fred Beans Kia of Langhorne
1801 E. Lincoln Highway
Langhorne, PA 19047
- Sales: 8553980404
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