To lease or to buy? A tricky question.

Many drivers throughout Maryland tend to be thrifty when shopping for a car, which is understandable these days, with life being as unpredictable as it can be. People have to make their dollar go as far as possible and that means that sometimes, compromises must be made. The problem with this is that you can't cut corners by way of your vehicle. You depend on it to safely perform so you can go about your busy professional and family life, whether you live in nearby Annapolis or out in College Park.

You find yourself really with two practical options, buying via a financing plan or leasing a vehicle. These both offer their appeals and their drawbacks, so which one is best? That's not something that has a clear-cut answer, unfortunately. At Annapolis Hyundai, we believe in transparency with things like this and helping you choose the option that best suits you. That in mind, let's take a moment to look over the pros and cons of both Hyundai financing and leasing. With that information, hopefully, you can come to an informed decision and test drive your vehicle of choice here at our Annapolis, MD Hyundai dealership.


Leasing is not payment toward the goal of ownership, but a long-term, more personal form of rental. However, it also involves monthly installments and a down payment, similar to an auto loan.


    You can often trade up for a new vehicle every so often, at no significant price increase 
  • You can access vehicle makes and models that might otherwise be outside your budget
  • Monthly costs are lower, as is the down payment


  • Your insurance premiums will most likely be higher, as many insurance companies require a lot more coverage with lessees
  • Your credit score will likely have to be exemplary to qualify Financing 

    Financing through an auto loan near Baltimore is a daunting idea, but with eventual ownership as the biggest appeal, there are reasons to consider this, especially if you have that one special new Hyundai or used car here in Annapolis, MD that you really like.Pros



    • You eventually own the car, and you can modify it as you see fit without contractual conflicts 
    • You can sell, trade, or give away the car once it's paid off
    • You face no limits for mileage and have a lot more flexibility with insurance


    • Payments are higher, and warranties may not last as long as they would in a lease
    • Consequences for delinquent payments are more severe, and impact your credit score
    • You're committed for a longer time

    When it gets down to brass tacks, it's all about how committed you want to be, what your monthly budget really is, and if being able to own the vehicle is very important to you. No matter which you choose, we can help answer any questions you may have at Annapolis Hyundai, so contact our sales team to schedule a test drive and fill out our finance application to receive pre-approval for a loan or lease agreement.

    Annapolis Hyundai is less than 40 minutes outside of Laurel and we hope to see you soon!


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