Before getting behind the wheel of one of our new Genesis vehicles, you have to decide whether to buy or lease. The better choice depends on your unique situation, but to help you come to a decision, the finance specialists at our Orlando Genesis dealer go in-depth on the benefits of each.
What Are The Benefits Of Buying?
Although car payments typically exceed lease payments, the bills stop once you pay it off. At that point, there's no one to pay and nothing to pay for - you own it.
Given you own the vehicle, there's no mileage limit and no obligation to cover excessive wear and tear. You can also customize your Genesis to your liking, which could improve its value.
On that topic, the vehicle's cash value is yours if you sell down the road, which means you can pay it forward towards your next ride.
What Are The Benefits Of Leasing?
The first thing you should know is that lease payments are routinely much lower than loan payments. When leasing, you're paying for the vehicle's depreciation during the term as opposed to the vehicle itself. For this same reason, down payments are also usually lower. Considering the lower up-front and monthly costs, you can shop for better models or upgrades you otherwise couldn't afford if you were buying. Alternatively, you can savor the savings.
By leasing, you only have the vehicle for a fixed time, which allows you to update your driving experience each cycle with the latest technology on the market. You also don't have to worry about the trade-in or selling process each time.
Genesis leases are covered by Complimentary Scheduled Maintenance services for the first 36 months, so you're off the hook for routine maintenance, like oil changes and tire rotations, which saves you even more.
Get In The Driver's Seat Of Award-Winning Luxury At Our Orlando Genesis Dealer
All in all, drivers can capitalize on freedom of ownership and cash value by buying, while leasing offers reduced upfront and monthly costs, periodic upgrades, and constant warranty coverage.
If you want to learn more about the benefits of buying and leasing, contact us at Universal Genesis.
