You have plenty of options available to you when you decide you want to drive home in a new Kia car, including signing a Kia lease. But having so many great options can also be a bit overwhelming!
That’s why our team here at Folsom Lake Kia is here to help. If you aren’t sure whether you should lease or buy, we are here to discuss the benefits of each, so you can make an informed decision.
Benefits of Leasing
Leasing is a preferred option for many drivers interested in taking home a brand new car. Since leasing doesn’t require you to pay for the entire cost of the car, you will end up with lower monthly payments and be responsible for a lower down payment. Essentially, a Kia lease is like a long-term rental and typically lasts 24 or 36 months.
However, what you do get are all of the perks of driving a new car, including the latest powertrains, safety features, and infotainment technology. Wrapping up a lease is simple as well since you can simply return your Kia lease to any authorized Kia dealership.
Benefits of Buying
While taking out a loan means you’re paying for the full cost of the car, you can extend your financing term out quite a bit to lower your payments. Plus, when you’re done making payments, you’ll get to be the rightful owner of your car and won’t owe anything to your lender.
Taking out a loan to buy a car also means you won’t need to adhere to mileage caps or have conditions restricting your ability to add aftermarket features. Contact our Folsom Kia finance team today to learn more about leasing versus taking out a loan and to find out which is best for you.