Buying vs. Leasing: What Form of Financing is Right for You?


Shopping for a new Kia is an exciting time that you should enjoy from start to finish. Browsing through an impressive selection of new and pre-owned models and choosing the one that's just right for you allows you to tailor the experience to your needs and find a perfect fit. When it comes time to settle up, you'll find that Preston's Kia's finance center is happy to walk you through the options! Our world-class finance experts will show you through the benefits of both leasing and purchasing, allowing you to customize a deal that fits you. We'll happily answer any questions you might have and ensure your payment plans fit into your monthly budgeting.


During the financing process, you might come across the question of whether buying or leasing is the right way to pay for your new Kia. Both ways have their benefits and determining which one is right for you depends on your lifestyle. You might only drive a short distance each day or you may love to travel, so determining the plan that works best for you depends on how you would prefer to drive your new Kia.

Both ways have multiple benefits. Down below you'll see a breakdown of leasing and purchasing, providing you with the information you need to make the right choice!

Why Lease a New Kia in Montpelier?

A lease is a way of renting a vehicle and having control of it for a short period, often two to three years. It offers many benefits for you, including:

  • Leases offer more affordable monthly payments because you only pay for the depreciation of the vehicle. Most leases have lower down payments, with some even requiring no payment at all.
  • Most lease terms are two to three years, allowing you flexibility when it comes to moving on to something exciting and brand new.
  • With a new lease every couple of years, you can explore the latest and greatest technology with ease. You can become an expert on brand-new systems that you might not get when you're working with longer purchase term lengths.
  • When you lease, you don't have to pay taxes on the full cost of your car as you're only taxed on the cost of your monthly payments. You'll be able to enjoy additional savings when you lease your vehicle.
  • With the short term lengths for leased vehicles, you can also enjoy routine maintenance covered by the manufacturer's warranty. Another part of the lease that helps you save money.

Leasing is great for drivers who prefer more affordable payments and who don't want to be locked down by a vehicle for upwards of six or seven years. If you don't drive long distances, a lease is also a great option.

Why Purchase a New Kia in Montpelier?

When you purchase, you agree to longer terms and more control. Benefits include:

  • Once you pay off the sum of the auto loan, you won't have to make any more payments until you decide to purchase your next vehicle.
  • When you purchase a vehicle, you have total control over it. That means you can modify it or add accessories to it in any way that you want.
  • When you own your vehicle, you can drive as long as you want because there is no mileage limitation. Family vacations are easy in a purchased vehicle, while leased options put a cap on your mileage that will cost you more if you go over it.
  • When you purchase, you build equity as you make payments. This isn't available with a lease.

Buying a vehicle is a great way to gain more control over your vehicle. It allows you the freedom to drive when and where you want, and you can modify it in a way that is satisfactory to you.

If you would like to learn more about your financing options, stop by our Montpelier Kia dealership today and meet with one of our financing experts. We look forward to helping you set up your monthly payment plans!

Contact

Preston's Kia

51 Gallison Hill Road
Directions Montpelier, VT 05602

  • Sales: 802-262-2030
  • Service: 802-262-2030
  • Parts: 802-262-2030

Hours

  • Monday 8:00AM-6:00PM
  • Tuesday 8:00AM-6:00PM
  • Wednesday 8:00AM-6:00PM
  • Thursday 8:00AM-6:00PM
  • Friday 8:00AM-6:00PM
  • Saturday 8:00AM-5:00PM
  • Sunday Online 24/7

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