


- How many miles you drive each year
- How attached you get to your cars.
- From a purely financial perspective, it's important to consider the cost of each option over the entire lifetime of the vehicle

Purchase | Leasing | |
Monthly Payments are higher than lease payments because you are paying for the entire price of the vehicle. | Monthly payments are much lower than your payments when purchasing. | |
Usually a down payment required to ensure that loan amount does not exceed market value of the vehicle. | Usually no down payment required. Making a down payment will only lower your lease payment. | |
When you have paid the full amount of the car loan you own the car. | Newer vehicle more often - your preferences may change over time and a short lease term allows you to drive the vehicle of your choice. | |
Modify and add accessories to your vehicle with as you see fit. | Guaranteed Future Value - Resale value is not a concern. | |
There is no restriction on the amount of miles you drive, although higher mileage will reduce the resale value of the vehicle. | Pre-determine that your mileage will not exceed a certain amount per year. | |
Car loans will often extend beyond the warranty period unless an extended warranty is purchased meaning you are subject to repair costs. | Your Hyundai is covered by the manufacturer's warranty for the entire period of your lease. | |
There are maintenance and upkeep responsibilities and any wear and tear will effect the resale value of your vehicle. | No hidden fees upon lease return or purchase. |