Finance Center

Secure a Car Loan or Hyundai Lease in Dallas

 

Buying a new car or SUV can be intimidating. By doing a little research, you can be ready to make the best possible decision when you arrive at our Hyundai dealership in Dallas.

 

There are more options than simply buying a new car. Many look to leasing as a viable option to get a new set of wheels. But which of these options is right for you? To help you make the most informed and best decision for you and your family when seeking out a new car or SUV, our team of financing experts at Clay Cooley Hyundai of Terrell located right here in Dallas wanted to run you through the various advantages and disadvantage of both buying a car and leasing a car.

 

What Are The Advantages Of Leasing A Car?

 

Perhaps the biggest advantage of leasing a car near Irving is that you will never have to do any of your own work on the car. Additionally, leasing a car will allow you to drive a new car every couple of years. Most leases only last two or three years meaning that when the lease is up, you get the opportunity to trade it in for a newer car. This will allow you to always have the latest and greatest technology in your vehicle. If you are someone who values the finer things in life, leasing may be the right option for you.

 

What Are The Disadvantages Of Leasing A Car?

 

The biggest disadvantage of leasing a car for many is the mileage restriction. Because you are only leasing the car for a specified length of time, there is usually a restriction on how many miles you can drive each year. This distance varies from lease to lease but typical leases limit the driver to 10,000 miles per year. For some, especially those who may have a long commute or enjoy taking road trips, this simply isn't enough miles. If you happen to drive over this limit, you will end up having to pay a penalty for each additional mile over your limit.

 

Another disadvantage to leasing is the fact that you will always be making a car payment without ever working towards ownership of a car. This means that a car payment will always have to be worked into your budget.

 

What Are The Advantages Of Buying A Car?

 

The biggest advantage to buying a new Hyundai or used car near Arlington are the potential savings. If you are able to pay for the car outright in cash, you can avoid paying any interest on a car loan while still being able to drive the car. Once you own the car outright, you no longer have to make a monthly car payment unlike leasing which requires payments each month with no chance of ownership. By eliminating a monthly payment, drivers are able to put this money towards other things like vacations or dinner out with the family.

 

What Are The Disadvantages Of Buying A Car?

 

The disadvantages of buying a car are having to either take care of your own maintenance and repair work, or paying someone to do this work for you over time. The best way to avoid excessive costs is to adhere to a regular maintenance schedule. Additionally, if you need to take out a loan to pay for a new car or truck, you may be subject to high interest rates depending on your current financial situation.

 

Once you pick out the new or used car that you would like to purchase, visit Clay Cooley Hyundai of Terrell to discuss your finance options! We look forward to helping you secure a car loan or Hyundai lease.