Leasing vs. Financing a New Kia

Here at Allstar KIA San Bernardino, we field all kinds of questions about financing vehicles. But the most common question we receive is whether our customers should lease or buy their next vehicle. That's why at Allstar KIA San Bernardino, we strive to ensure that every one of our customers knows the facts about buying versus leasing. Our team is eager to work one-on-one with you to find the best option for your lifestyle and budget, whether you lease or finance your next vehicle.

Buying A Car

If you like to keep your vehicle for as long as possible, then buying a vehicle is a great option for you. While payments are typically higher when purchasing, every time you make a payment you are building equity in your vehicle and eventually, you'll own your vehicle outright.

Unlike leasing, there are no mileage restrictions when you purchase a vehicle. If you put a lot of miles on your vehicle, then buying is probably your best option.

If you keep your vehicle past the life of the loan, you'll eventually be free of loan payments.

Insurance costs are generally lower on vehicles you purchase than on vehicles you lease.

You're free to sell your vehicle at any time.

You don't have to worry about accidentally spilling coffee on your carpet which might leave a minor stain. -Under a lease agreement, you'll be held financially responsible for that stain when you turn your vehicle in at the end of the lease.

You can add accessories or make modifications to your vehicle when you own it.

Leasing A Car

If you like to drive a new vehicle and are thinking of trading in your vehicle for a new model every two to three years, leasing is a great option for you.

Lease payments are typically lower than if you were to purchase the same car.

Lease programs that require $0 or little money down might be a good fit for you if you don't have the cash on hand to make a large down payment.

Leased cars are typically covered under the manufacturer's warranty for the duration of the lease. Such warranties are usually bumper-to-bumper and cover any needed repairs.*

Leases are great if you want your vehicle to have the newest technology. Since you are always driving a car that's only a couple of years old, you can rest assured that whatever model you lease, it will have the latest hi-tech options.

Try it before you buy it. You won't have to worry about buyer's remorse with a lease. At the end of your lease, you can always trade-in your vehicle for a model that's more to your liking. By the same token, if you've fallen in love with your leased vehicle, you can exercise your option to purchase it when your lease is up.

Trying to decide between buying and leasing a vehicle? Our finance center at Allstar Kia San Bernardino has the buying and leasing options to make financing your next car easier near Moreno Valley and Riverside, CA. Below, we discuss both options in greater detail so you can pick the payment plan that's right for you and your financial needs. Whether you're looking for a new vehicle, like a versatile Kia Niro or an efficient Kia K5, or a used vehicle, we offer a range of leasing and financing solutions for drivers. Our Kia experts are here to walk you through your options and find a car payment plan that fits into your goals, lifestyle, and budget. If you have any questions, feel free to call our Kia-certified dealership in San Bernardino, California for more information.

Leasing:

A car lease offers lower monthly payments compared to auto loans since you're essentially signing up for a long-term rental. If you choose to lease from Allstar Kia San Bernardino, you can walk away with a brand new car for a fraction of the price drivers otherwise pay for total ownership. Leasing is the perfect option if you need a temporary vehicle or if you drive a consistent number of miles each year. Leases have mileage limits and limited customization options, so be aware of these policies when deciding whether to buy or lease your next Kia vehicle. If you're looking for lower monthly payments and a short-term commitment, leasing might be right for you. At the end of your lease term, you can choose to upgrade to a newer model, buy your car for the remaining residual value listed in your lease agreement, or simply turn the keys in and walk away. Get in touch with our team to learn more about all the ins and outs of leasing or for more information on our current Kia lease offers in San Bernardino, CA.

Financing:

Auto financing involves taking out an auto loan and paying it off over time. Unlike leasing, when you choose to finance your vehicle you gain equity in the car that ultimately leads to ownership, so you get to keep the car as long as you want. Buying your next car also allows you to skip the mileage limits and customization restrictions, so you can enjoy your vehicle any way you'd like. Plus, you're free to handle repairs at home or opt for performance parts! Vehicle ownership also allows you to sell or trade your car at any time, with no early termination fees. Check out our financing department on our website for additional resources from a payment calculator to a trade-in estimator. With Allstar Kia San Bernardino, financing your new car is easier than ever.

If you're still not sure whether you should lease or buy your next Kia vehicle, feel free to drop by Allstar Kia San Bernardino, conveniently located in San Bernardino CA, and a short drive from Moreno Valley and Riverside, CA. Our experienced finance team is ready to discuss leasing and financing options with you so that you can find a plan that works for you. See you soon!