Buying VS Leasing
Buying vs Leasing
At Clay Cooley Kia Irving
There are quite a few decisions to make when searching for a new vehicle. What color do you want it to be? What kind of features and upgrades should your vehicle have? Should you buy or lease? The last question can be a tough decision for some shoppers because it could determine quite a bit about the future of your vehicles. Let Clay Cooley Kia break down some of the pros and cons of both buying and leasing a new Kia vehicle to help you make the decision that's best for you.
Buying a New Kia
Benefits:
- Less worry about your car's condition
- No limit on mileage
- Full ownership of your vehicle
- Factory warranty to cover major repairs
How much do I pay?
When you finance your vehicle purchase, your monthly payments will be determined by the vehicle price, amount of your down payment and trade-in value, interest rate, and length of term.
How long does my finance contract last?
Usually 24-72 months
How many miles can I drive my vehicle?
There are no restrictions. However, more miles driven tends to lower resale or trade-in value.
Can I customize my vehicle?
Add accessories to your vehicle at any time.
What happens at the end of my finance contract?
You will receive your title, lien release, or a letter from us indicating your lien has been released electronically after your final payment has been processed.
Upon release of the lien, you own your vehicle free and clear.
Leasing a New Kia
Benefits:
- Payments are usually lower, compared to a purchase
- Opportunity to drive a new car every two to three years
- Factory warranty to cover major repairs
- Single Pay Lease: Leasing made easier
How much do I pay?
When you lease a vehicle, you're only paying for the portion of the vehicle you use over the course of the lease. A lower down payment, or none at all, may also be possible.
How long does my finance contract last?
Usually 24-48 months
How many miles can I drive my vehicle?
You determine the amount of miles you plan to drive during the lease term before you sign the contract. You may buy additional miles up front. Between 12,000 and 15,000 per year is typical. You may incur additional charges on any excess mileage.
Can I customize my vehicle?
Customize your vehicle only when your lease begins with approved accessories.
What happens at the end of my finance contract?
You may purchase your leased vehicle or return it to Clay Cooley Kia, at which point you may choose to purchase or lease a new Kia .For details about what do when you lease is up, visit our Lease Return Center.
Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.