Decisions, Decisions: Should You Buy or Lease Your New Kia?

Decisions, Decisions: Should You Buy or Lease Your New Kia?

Posted on October 30, 2017

The car shopping process is full of decisions. Should you go new or used? Which brand? What body style do you want? But once you've selected the new Kia you want to drive in Calgary, one of the most important decisions comes in the financing process: should you buy or lease?

There are certainly benefits of either option, like...

Buying: When you buy a new Kia with an auto loan, you own it! Because you're paying full value, monthly payments will be higher, but they've eventually end when you've paid off your loan. There are no limitations on kilometers or alterations. You can sell or trade in at any time, and keep the cash value for yourself or apply it toward the purchase of your next vehicle. The bottom line is that buying is an excellent option for those who like to drive a vehicle for a long time.

Leasing: When you lease a new Kia, the dealership actually owns the vehicle, but that means you don't have to pay full price! You're only paying for the vehicle's value during the term of your lease... and that means lower monthly payments. There are restrictions on how many kilometers you can drive and on wear and tear, and fees may be added if not followed. But here's the best part: when your lease ends, you can sign a new one and upgrade to the newest Kia available! The bottom line is that leasing is an excellent option for those who like to drive a new vehicle every few years.

Does it sound complicated? Don't worry, because South Trail Kia will be there to help you make the best finance decision for your goals and budget. For now, get the process started by completing your online finance application today!