Buy vs Lease

Buy vs. Lease

At Keith Hawthorne Hyundai of Gastonia, we are committed to making Hyundai-driving simple for our community of drivers throughout the Carolinas. When you've found your new or pre-owned Hyundai, our Sales professionals are available to help you navigate our multiple auto-financing options for hassle-free Hyundai-financing. Our community of drivers near Huntersville, Charlotte, and Fort Mill, South Carolina, can visit us at Keith Hawthorne Hyundai of Gastonia to discover whether buying or leasing is right for you.

Buying or Leasing: Which One Works For You?

Depending on your driving needs and personal budget, there are many advantages of buying and leasing your new or used Hyundai. Drivers looking to get on the road in Hyundai without a lot of upfront costs can explore our current leasing options while those looking to invest in their new vehicle in the form of parts and accessories can explore our buying or financing application process. However, there are many benefits to each option.

    Advantages of Leasing:

  • Drivers can usually expect lower monthly payments and low to no down payments when leasing their new or pre-owned Hyundai.
  • Drivers can get behind the wheel of a newer vehicle for less money
  • Since your leased vehicle is still under the factory warranty, lessees potentially have lower repair costs.
  • Lessees can experience hassle-free trade-in at the end of their lease and easily drive home in a new vehicle.
  • Lessees potentially pay lower sales tax

    Disadvantages of Leasing:

  • Ultimately, you don't own the Hyundai at the end of the lease. However, you will have the option to buy at that time.
  • Drivers usually face mileage caps and will have to purchase more miles if needed.
  • You might pay more for your leased vehicle over a longer period of time than you would if you purchased outright.
  • Drivers can potentially face excessive wear-and-tear charges at the end of your lease.
  • Terminating the lease early could be costly.

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    Advantages of Buying:

  • Drivers who own their vehicle can modify it as they please with factory parts, accessories, products, and more.
  • You will potentially save more money in the long run despite the lower upfront costs of leasing.
  • The open road is yours with no mileage caps
  • Buyers can sell their vehicle whenever they want.
  • Buyers can use their vehicle as a trade-in towards their next purchase.

    Disadvantages of Buying:

  • It's more strategic for buyers to put more down more of a down payment option to avoid owing more than the car is worth.
  • Your monthly car payments will probably be more expensive than a leasing payment.
  • You are solely responsible for your repairs costs once the warranty expires.
  • Buyers face possible trade-in or selling hassles when attempting to purchase their next car.
  • There's the potential of having more cash tied up in your vehicle, which depreciates in value.

Drivers interested in getting on the road in a new or pre-owned Hyundai can visit us at Keith Hawthorne Hyundai of Gastonia to speak with our Sales professionals about our multiple auto-financing options. We can work with you to determine which financing option is right for you as well as discuss our multiple auto-financing options to help you save even more. Contact or visit us today to get started! 

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Privacy Statement

Introduction
As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your nonpublic personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), respond to court orders and legal investigations, or report to credit bureaus.

B) For purposes of processing a sale or lease transaction as your request or authorize, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company we control, or any company under common control with us.

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I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.
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