Let’s Talk About Leasing vs. Financing!

One of the crossroads that every vehicle owner will experience is whether they’ll buy or lease their next vehicle. At Kia of Clermont, we feature an experienced finance department that offers competitive lease and finance deals, so no matter how you wish to drive off in your new Kia, we’ve got you covered!

Come with us as we explore both types of ownership and help you discover whether you should finance or lease your new Kia.

What’s the 411 on Financing a Vehicle?

Financing a vehicle involves you picking out the model that you want, and obtaining an auto loan to pay for it. The sale price, plus any taxes, fees and additional warranties can also be added into your loan. This portion of an auto loan is considered the principal. An interest rate is added to the principal and split into equal payments, so you can pay off the loan over a period of time.

Buyers love this method because they can pay off their loan quickly, or stretch it out over a period of years to accommodate their budget. Once your loan is paid in full, the car is yours to keep. You can also sell or trade it whenever you want.

However, buying a car often comes with a higher monthly payment because you’re making payments toward the entire purchase price of the vehicle.

What are the Benefits of Leasing vs. Financing?

For those who like to drive a new car every few months and never worry about expensive maintenance or repair bills, leasing is a fantastic option. Leasing involves taking a brand-new car and driving it for two or three years. Like financing, you’ll also make monthly payments, but because leasing only involves you paying for the vehicle’s depreciation, plus a nominal finance fee, lease payments are often cheaper than finance payments.

Once your lease term is up, you can either return the vehicle and start a new lease, or purchase it! Drivers often love leasing because it allows them to drive new vehicles and never worry about expensive repair bills.

However, leasing isn’t for everyone because it does come with mileage limits. You must also abstain from vehicle modifications and make sure you stay on top of its recommended maintenance schedule to ensure it stays in like-new condition.

Is There a Kia Dealer Near Me?

Absolutely! We proudly serve surrounding areas like Oakland, FL and Groveland as well!

Regardless if you’ve chosen to lease or buy, we welcome you to come in and explore the many options that are waiting for you at Kia of Clermont. Not only do we feature a wide selection of vehicles to choose from, but we also offer fantastic specials that help you enjoy an affordable monthly payment!

Whether you’re looking for fantastic Kia lease deals or low APR specials, look no further than our Kia dealership in Clermont, FL.