Should I Buy or Lease?

Car salesman holding a key and calculating a price

Are you looking to buy a car and wondering, “Should I lease or buy?” Well, when it comes to getting your next new Kia vehicle, let us break down both financing options and find out which is the right one for you. Discover some of the incredible benefits New Rochelle and Mount Vernon drivers will get financing with us no matter which choice they make. So, learn more about leasing vs. buying and then be sure to explore our many automotive finance options at Northeast Kia.

Benefits of Buying

There are many benefits to buying, as one of the best overarching perks of purchasing your vehicle is the ability to make your own decision on how you customize, drive, and even resell your Kia vehicle. Here are some benefits that may interest you when owning a vehicle:

  • No Mileage Restrictions: If you’re driving your vehicle inside and outside of the Yonkers area, you may want to consider buying. Without the mileage limits you get on a leased vehicle, you’re free to drive as much as you want.
  • Total Ownership: Buying a vehicle means it’s yours completely. This means you are free to do with the vehicle what you please. There are no restrictions on how it’s modified, decorated, etc.
  • Customization: Want to make your new vehicle stand out among the crowd? Buying rather than leasing allows you to make cosmetic and mechanical changes as you see fit. Create the car of your dreams without restriction.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work toward paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Benefits of Leasing

In addition to buying, Mount Vernon drivers will also have many benefits if they opt for a lease. Some highlights to leasing are that it allows drivers to save more on various vehicle payments and stay driving in some of the latest Kia models on the market. Here are some of the benefits of leasing:

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle, those costs will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local White Plains dealership, pay any remaining fees, and drive away in your next vehicle of choice.
  • Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty — as long as you don’t go over the mileage limit — is covered.
  • Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. You’ll have tons of options and will be able to find the perfect model with the best features for you.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.

Discover More Financial Options at Douglass Nissan of Waco

No matter which finance option works with you best, Northeast Kia is here to support you. We have a dedicated finance team waiting to help you with other services like applying for financing and our payment calculator for finding the best vehicle at the best price. If you want to buy, but you’re also interested in securing a lower monthly payment, you may want to consider a used Kia Soul!

While you’re at it, check out the 2020 Kia Telluride price points and find out if it’s right for you! To save even more on your next vehicle, check out our new vehicle specials and pre-owned specials, or learn how to cut monthly costs with the Kia Optima gas mileage.

You can even learn more car buying tips including one that answers the question, “Can you lease a used car?” Contact us today to schedule a test drive near Greenwich and Stamford!

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(914) 222-6222

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468 Tarrytown Rd • White Plains, NY 10607

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Northeast Kia

468 Tarrytown Rd White Plains, NY

Phone: (914) 222-6222


Phone: (914) 222-6222

468 Tarrytown Rd White Plains, NY


Phone: (833) 661-0981

468 Tarrytown Rd White Plains, NY


Phone: (914) 222-6222

468 Tarrytown Rd White Plains, NY
41.043700 -73.800353
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Northeast Kia
Northeast Kia
468 Tarrytown Rd
White Plains, NY, 10607 US
(914) 222-6222
Northeast Kia 41.043700, -73.800353.