Is it Better to Lease or Buy a Hyundai Sonata?

The Hyundai Sonata is one of the most affordable midsize sedans on the market today. Still, that doesn’t mean that buying is the best option for everyone. The standard MSRP for this vehicle and its various trims falls well below the average new car transaction and the base model is shockingly affordable, allowing you to include more bells and whistles for your budget.

The Sonata is chock-full of safety features and upgraded technology for today’s on-the-go consumer. Its midsize design is ideal for families and those who want a little more room than a compact sedan but don’t need to be wasteful. Features like a rearview backup camera and Electronic Vehicle Stability system come standard, giving you peace of mind that you’re getting a safe ride. This affordable sedan can be purchased or leased, depending on what you need in your next vehicle.

Leasing vs. Buying: Considerations to Make Before Heading to the Dealership

A lot of people never consider leasing a car because they aren’t familiar with the process or the benefits. Today’s tech-savvy consumer might appreciate leases more, as they offer the chance to keep up with technology improvements and performance with more frequent upgrades and exchanges. If you buy a car and turn around and replace it in just a couple of years, you’re losing a lot of money in depreciation value, wear and tear, and mileage usage.

Some people don’t like the stricter terms of a lease agreement, which usually comes with stipulations like:

?       Mileage limitations

?       Condition requirements for lease returns

?       Early lease termination penalties

?       Additional financing charges and fees associated with lease terms

These restrictions are worth considering, but when you compare them to the major benefit of leasing, it may be your best option. After all, a lease allows you to drive the newest models for a couple of years, trading off for the next new model without having to worry about trade-in values, getting rid of your old car, or whether you can afford to upgrade.

Leasing is Better For…

Leasing a Hyundai Sonata is a great choice for people who want:

?       No long-term commitments

?       A better car for less money (lower monthly payments)

?       A new car every 2-3 years

?       Smaller down payments or no down payment at all

What Buying Offers

When you purchase a Hyundai Sonata outright, you will eventually own the vehicle once the loan has been paid. Buying a car with the assistance of financing can cost more on a monthly basis, but it could be a better investment in the end as you eventually you do stop making payments and you have a vehicle to show for your investment. Purchasing a new vehicle is better for people who want:

?       Full vehicle ownership (once the loan is paid)

?       No mileage limits

?       Less worry about condition requirements or minor damage caused over time

?       Flexibility in vehicle customization and trim models

Whether you lease or buy, one thing is certain. You can trust that you are getting a reliable vehicle when you choose the Hyundai Sonata as your next midsize sedan.

Categories: Sonata

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