Updated: 12 April 2022

Should I buy or lease a car?

This depends on your unique needs. To help make the choice between buying or leasing a vehicle easy, here's an overview of the benefits.

You should lease a new car if:

  • You love the idea of upgrading into the hottest new Hyundai every couple years.

  • You only need a car for a short time and would rather not set up longer-term financing.

  • You are seeking a lower out-of-pocket cost at signing.

  • You prefer lower monthly payments.

You should buy a new car if:

  • You love the idea of owning the vehicle you drive.

  • You want the freedom to sell your vehicle whenever you want.

  • You want to keep your insurance costs as low as possible.

  • You know you will put a lot of miles on your car.