New Car Leasing vs Buying
Why Should You Lease a New Car?
If you prefer to drive newer, safer, more reliable vehicles, but not pay a sizeable down payment every few years, and also don’t travel an excessive amount annually, then a new car lease may be right for you. Leasing is ideal for those who would prefer to avert the annoyance of selling and buying each time they want to get into a new car.
Why Should You Buy a New Car?
On the other hand, if you prefer long term automotive relationships with a higher sense of ownership and commitment, then buying may be what’s better for you. Car-buying is typically best for people who do not mind driving the same car for over five years or even until it is no longer suitable for the freeway.
Lease vs Buy: Which Is Right for You?
Knowing the pros, cons, and overall benefits of leasing vs buying a car, truck, or SUV is critical. Be sure to contemplate monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new car or truck financing type for you.
Leasing vs Buying: Ownership
When weighing the value of vehicle financing, new car ownership certainly comes with many advantages, most associated with outright ownership of the car, truck or SUV. You may not be aware, but, there are also a few nice advantages to leasing, as well. It’s essential to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A thorough study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car or truck.
Monthly Payments
Car, truck, or SUV lease payments are often less expensive compared to car financing and loan payments as the normal lease format is pretty much renting with the option to purchase at the final payment of your lease term. Remember when leasing that you’re going to need a healthy credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the better rate auto loans. Though it may add to your monthly payments, it is also better to get a model with the features you need or want, as personal satisfaction is often priceless.
Maintenance & Repair
Auto leases often include regular vehicle maintenance & repair. It is important to remember this when calculating monthly costs of leasing vs ownership. No matter which make and model you buy, mechanic bills are an unpredictable cost that can quickly add up. And for those of us who are not certified auto mechanics with a full toolset and hydraulic jack in the garage, leasing might be the best option for peace of mind.
Savings vs Investment
In general, a new car lease saves money in the short term with more affordable monthly payments, while buying earns you a long term investment, meaning absolute ownership of the value of the car at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.
| Lease | Buy | |
| Ownership | No Ownership | Pride of Ownership |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Maintenance & Repair Costs | Typically Included | Not Included |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| APR % | Credit-Based | Credit-Based |
| New Vehicles | Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Vehicle Customization | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
Kia Lease and Finance Offers Near Houston TX
Beck & Masten Kia knows that choosing the right Kia car and financing option is never easy. Our team of experienced Kia lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location near Houston, TX. We look forward to serving you.
The Assistant service manager Joe is amazing! Helped me get in and out as soon as possible and kept me well informed of the whole process! Also helped me with the prices of my maintenance! What a wonderful guy! Call him for anything needed ! He will treat you like family!
I want to compliment Joan.She was very patient with me as she explained the answers to my questions in detail. Joan is an access to Beck & Masten Kia.Thanks so much again for all your wonderful help
II Love the Service I receive at Beck & Masten KIA Dealership because the staff is very kind and so very helpful.. Complimenting Eric Schneider is such a wonderful pleasure because he always reaches out to me each time I bring my car in for repairs. He takes the time to explain what is needed and why it is needed..He also does some of my repairs himself and that is awesome. May Eric continue to be loved and blessed by God abundantly forever. Thanks so much again Eric.
James Carter is the best sales person ever!! He goes up and beyond to get what you need. Great dealership will continue to go back and recommends this dealership!!
Each time I take my car to Beck-Masten-KIA I receive very good service starting with the Service Dept and their wonderful staff. Angelo always extends her hospitality as she explains all the details. .Roy,the Service Manager is always willing to listen to what is covered through my warranty. I love coming to Beck-Masten-KIA at Tomball =they are GREAT
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281-539-1111
Call Now25503 Tomball Pkwy • Tomball, TX 77377
Get DirectionsToday's Hours:
Open Today! Sales: 9am-6pm
Open Today! Service: 8am-4pm
Open Today! Parts: 8am-4pm