Everything You Need to Know About Leasing and Financing

After you have chosen a vehicle, and you want to take the next step in the purchasing process, it is time to visit our financing team! They can help you with all of your payment-related needs, while answering any questions you may have about the process.

One of the questions we often get pertains to the difference between financing and leasing. Furthermore, customers are curious which is best for their specific situation.

Financing and Leasing: What's the Difference?

When thinking about financing and leasing, one word can help sum up the inherent differences between them: ownership.

When you finance a vehicle, you are working towards owning that vehicle. Most of our customers do not have the money to buy a vehicle outright from the lot; therefore, our customers will take out an auto loan. That loan will cover the initial cost of the vehicle (along with your down payment). You will then pay down the loan over the months; once it is entirely paid off, you will completely own the vehicle!

When you lease a vehicle, you are essentially renting it (like you would with an apartment). You are paying a predetermined amount of money on a monthly basis for the privilege of driving the vehicle. You do not own it. However, your monthly payments may be lower than they would be if you were financing it, and leasing is an excellent option for drivers who don't need a long term vehicle.

So which is better for you? Well, that depends on your specific financial situation, and your driving habits. When you visit our financing team, though, they can help you deduce which option may be best for you, and for your wallet!

Visit Us Today to Learn More!

If you would like to learn more about our selection of vehicles, or if you have any questions about the differences between leasing and financing, please feel free to visit us at Sansone Hyundai, located in Woodbridge, NJ. Our team is here to help you find the best vehicle, for the most complementary price.