Kia

791 W Dickman Road
Directions Battle Creek, MI 49037

  • Sales: (877) 267-5435
  • Service: (269) 441-8800
  • Parts: (269) 441-8800
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Lease vs Buy

Buy or Lease Your Next Vehicle?

 
At Seelye Ford of Kalamazoo we know when the time comes for you to get a new vehicle it can be a very stressful thing and it will only get more stressful if you need to decide between leasing or buying. The truth is, one option isn't any better than the other, the decision should be made based on your wants and needs. Each option has its own advantages and disadvantages, which we will cover below; the main difference is when you buy you are financing the entire cost of the vehicle and when you lease you are only paying for the time that you use the vehicle. View our comparison below to determine which option would be better for you. 

Buy

Pros:

  • You own the vehicle
  • You can customize the vehicle however you like
  • More cost effective in the long-run
  • Can get a return on your investment by selling the vehicle
  • No restrictions such as limited mileage 

Cons:

  • Your don't know what the resell value will be
  • Down payment required is typically much larger
  • Monthly payments will be higher as you are paying for the entire price of the vehicle
  • Maintenance and repairs are your responsibility once the warranty ends

Lease

Pros:

  • Lower monthly payments 
  • Smaller down payment required
  • Vehicle is usually covered under the manufacturer warranty for the length of the lease
  • Can get a new vehicle every couple years
  • Not liable for the depreciation of vehicle

Cons:

  • You are limited on the number of miles you can drive per year with a fee for going over
  • You do not own the vehicle, so customization options are very limited
  • You are not building equity
  • There is an additional fee for early termination of the lease
As you can see, each options has its own set of advantages and disadvantages that makes the decision 100% based on your wants and needs. If you are one who likes to stand out buy customizing your vehicle, buying is definitely the better option for you. If you use your vehicle primarily to get to work and don't do much traveling, leasing may be the better option for you. Which ever option you choose, Seelye KIA of Battle Creek can help you find the perfect vehicle for you. Call us today at (877) 267-5435 or fill out the Contact Us form on this page if you have any questions or need some help making your decision. 
 

Contact

Seelye Kia of Battle Creek

791 W Dickman Road
Directions Battle Creek, MI 49037

  • Sales: (877) 267-5435
  • Service: (269) 441-8800
  • Parts: (269) 441-8800

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