Buying vs. Leasing

Make the Right Decision for You

The debate about whether it’s better to buy or lease continues, but what it ultimately comes down to is what is best for you. At Ray Skillman Northeast Kia near Indianapolis, we can help you choose the right path.

It Starts with Ownership

Do you want to own your car, or do you want to leave that responsibility to your financial institution? The biggest difference between buying vs. leasing is ownership. When you buy a vehicle, whether you pay in full with cash or finance it and make monthly payments; either way, it’s yours. When you lease a vehicle, you’re basically paying to use it, but when the lease agreement is up, you don’t own it.

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Leasing Has Its Benefits

So why would you want to lease a car if you don’t own it in the end? Well, lower monthly payments for one and lower up-front costs for another. Need more reasons? How about special lease deals to keep your costs down even more? And, when your lease is up, all you have to do is drive the leased vehicle back to Ray Skillman Northeast Kia near Avon, Indiana and turn it in.

You don’t have to deal with selling it or trading it. Just upgrade to a new Kia, sign a new lease deal, and drive away.

There are some drawbacks to leasing. You have to watch your miles; if you go over the allotted mileage, you might have to pay extra when you turn it in.

If you’re recovering from past credit problems, our Lease Here Pay Here program can get you behind the wheel of a high-quality used car. You’ll have a modern vehicle with less money down and lower monthly payments while you rebuild your credit.

Buying Has Benefits Too

If you like the idea of owning your car and plan to drive it for as many years as you can, buying is your best option. Buying also means you build up equity. It’s an investment in its future value, and once you complete all the payments and pay the car off, it is yours. If you take good care of it and maintain it, you can sell it down the road and use those funds toward another vehicle.

Just like leasing, there are some drawbacks to buying. The up-front costs are usually higher. The lender will most likely need a down payment, and if you finance it, it will be for the entire price of the vehicle. This means your monthly payments will be higher than if you lease.

Visit our showroom near Fishers, IN when you’re ready to buy a new Kia. Our finance team is here to help you find a great deal.

Ray Skillman Northeast Kia Can Help You Decide

If you’re undecided about buying vs. leasing, we can help you run the numbers so you can choose which one is better for you. Come to Ray Skillman Northeast Kia near Columbus, IN, and speak with one of our finance professionals. They have all the information you need to make an informed decision. You can drive away in your next car knowing you are in the right plan for your budget and lifestyle.