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Lease vs Buy

When going through the process of searching for your next car, there are always important things to keep in mind: interior amenities, safety features, exterior appearance, and gas mileage, for starters. While considering all those topics, it’s also critical to figure out how you’ll pay for a new or used car.

The professionals at Kia of Des Moines have put together this guide, discussing the benefits of leasing and buying vehicles in Des Moines, West Des Moines, and Ankeny. Our goal is to help you understand certain financing topics before you visit the dealership. If you have any questions, reach out to our financing department today.

Lease vs Buy: Benefits of Each

There doesn’t have to be a “winner” in the leasing vs. buying debate. There are benefits to be found in each method, and our goal is to lay out what they are.

Leasing

When a car is leased, the monthly payments might be lower, and there’s often no down payment to think about. When leasing, you drive a better vehicle for less money, with fewer costs every month. This is a great way to try out a luxury car, for example. If it’s not a long-term option, or perhaps you’re considering driving a minivan that you might not need after the kids are grown up, leasing is attractive.

On the topic of maintenance, a factory warranty might be offered by the dealer, which will cover any repair costs as you go through the lease term. Lower maintenance costs are a benefit, because when the lease term (usually three or four years) ends, the car can be turned in. You don’t have to think about major repairs or maintenance, or consider maintenance on the car when it’s 10 or 15 years old.

A final word of advice on leases: New technology and safety features are always being rolled out. A 10-year-old vehicle won’t have the same safety and tech features as a brand-new car. With a lease, you can find a new car every few years and enjoy that new car smell, too.

Buying

When buying a car, there’s an overall sense of freedom. Modify it the way you want. Upgrade the sound system, throw on a few bumper stickers, or change up the interior accessories as you wish.

Buying also lets you sell the car whenever you’d like to. You may have a private buyer who’s interested in the car and you can sell it to them after five years, or it could be traded in at the dealership for the next car you want to drive. Or, pass it on to your kids when they’re ready to drive.

Financial independence is another item to think about. With an auto loan, it’s paid off as time goes along, and there aren’t any monthly costs when it’s paid off in full.

Mileage is another thing to consider. Many leases will set a cap on the number of miles that can be driven in a year, usually around 12,000. Buying a car gives you the option to drive freely without checking the odometer.

Kia Auto Finance Department

Whether you’ve decided to buy or lease your next vehicle, our financial experts are here to help with the next steps. We have worked with different banks and institutions to find the best possible loan and lease terms for numerous customers.

Get the process started by filling out the credit application on our website today. We’ll take the information provided and begin working on financial details for you.

Find Your Next Ride at Kia of Des Moines

Whether you’ve decided to go down the leasing path or you’re buying your next car, Kia of Des Moines has a large selection of vehicles on our lot to choose from.

Visit our dealership, take a test drive of the Kia model you’ve fallen in love with, and see how it will handle the roads of Des Moines, West Des Moines, and Ankeny. We look forward to seeing you at our showroom! Contact us today!

Dealer Information
Kia Of Des Moines 4475 Merle Hay Road Des Moines, IA 50310 Get Directions
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Sunday:
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Monday:
7:00 AM - 6:00 PM
Tuesday:
7:00 AM - 6:00 PM
Wednesday:
7:00 AM - 6:00 PM
Thursday:
7:00 AM - 6:00 PM
Friday:
7:00 AM - 6:00 PM
Saturday:
7:30 AM - 4:30 PM
Sunday:
CLOSED
Monday:
7:30 AM - 6:00 PM
Tuesday:
7:30 AM - 6:00 PM
Wednesday:
7:30 AM - 6:00 PM
Thursday:
7:30 AM - 6:00 PM
Friday:
7:30 AM - 6:00 PM
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