The Advantages of Leasing a New Car at Keffer Hyundai

Hyundai is among the most popular automotive brands in North Carolina and throughout the United States because it makes reliable and safe vehicles that provide a tremendous value proposition. If you need a new vehicle, then Hyundai is an excellent choice for you as well, and we have the full lineup available at Keffer Hyundai, which is the local Hyundai dealer serving Matthews Charlotte Concord North Carolina. Most of our customers finance their new vehicles either through an auto loan or lease. Financing to own via an auto loan is certainly a viable and popular option, but more and more drivers in our area are choosing Hyundai leasing instead due to the many advantages that it delivers.

Lower Payment Each Month

A lower auto payment each month is among the top reasons Hyundai leasing in Matthews is popular and becoming more prevalent. Having a lower payment makes it much easier to budget for your new vehicle and also to afford maintenance and other expenses associated with having a vehicle. Another way to look at it is that it allows you to afford more. A vehicle that is out of your price range if you were to finance is likely affordable if you choose leasing instead. It also makes it easier to choose the trim level you want and to add optional packages and the like. The reason for the lower payment is that you're only financing the residual value of the vehicle as opposed to financing that total price.

More Vehicle for Less

We already touched on it a bit, but it's worth exploring in greater detail. Hyundai leasing through our dealership serving Matthews Charlotte Concord North Carolina allows you to afford a lot more vehicle. The average driver taking out an auto loan is often limited due to the higher monthly payment and often has to select a vehicle based on what's affordable rather than what's desired. Even extending the loan out to six or seven years may not be enough to afford the car you really want. That isn't the case with leasing. In fact, when leasing, even the most expensive vehicles in the Hyundai lineup are affordable for most consumers. That includes the IONIQ5, Palisade, Nexo Fuel Cell and Santa Fe Plug-in Hybrid.

A New Car More Often

The average driver with an auto loan will be driving the vehicle they choose for at least five years and often longer. Sure, you can trade the vehicle in sooner, but that's usually difficult to do earlier than four years without adding negative equity to the loan, which really puts you in a hole. With Hyundai leasing in Matthews, the typical term is three years, but longer is available if you prefer. However, we think three years is the sweet spot. It means that you're always driving a new car. You'll never have to deal with advanced maintenance or repairs. It also means that you be able to adapt to your life easier. Five years or more is a long time to commit to a vehicle. Your preferences may change. Your lifestyle may change as well, and a short lease ensures that you never outgrow the vehicle you drive.

Less Money Down

How much you need to put down is an obstacle for many drivers. Of course, it's best to put down as much as you can as you'll have more equity in your vehicle and your payment will be lower. But that isn't the reality for most drivers. You have to strike a balance between how much you put down and how much you have to pay each month. Our customers at Keffer Hyundai tend to put less money down when leasing as opposed to purchasing the same model with all of the same options.

Lower Maintenance Expenses

Another reason many drivers choose Hyundai leasing in Matthews is lower overall maintenance fees. There are a couple of reasons for this. The first is that your vehicle will only require basic maintenance, such as oil changes, over the course of three years. You won't have to worry about replacing the tires or the breaks. The second reason is that our lease come with excellent warranties. Hyundai offers a complementary maintenance program that will cover routine maintenance. There is also extended coverage that protects you in the event that your vehicle should need advanced maintenance or repair.

Your Local Hyundai Leasing Team Is Here to Help

Keffer Hyundai offers a wide variety of Hyundai leasing options, and our team serving Matthews Charlotte Concord North Carolina can help you choose the perfect lease for you. You can visit our finance team in person at your convenience, but we're also happy to assist you by phone, email or the live chat feature on our website.