The Benefits of Leasing a New Hyundai Vehicle

Want to drive a new car? The odds are that you will pay for it either by financing or leasing. While financing involves taking out a loan to purchase the vehicle, leasing allows you to essentially "rent" a new Hyundai for a set period, typically two or three years. Leasing has become an increasingly popular option, especially in larger cities like Indianapolis and Champaign, Illinois.

Shorter Commitment, More Flexibility

One of the biggest benefits of leasing a new Hyundai is that it requires little long-term commitment. Leases typically last only a few years, after which you can simply return the vehicle to the dealership. This is ideal for those who like to drive a new car every few years and always have the latest features and technology. Leasing is also popular in college towns like Urbana, Illinois, and La Fayette, Indiana, where people may only need a car for a few years.

Lower Monthly Payments with a Hyundai Lease

Another major leasing perk is that it usually results in a lower monthly payment compared to financing. When you lease, you're only paying for the vehicle's depreciation during the lease term, not the full purchase price. This makes it easier to afford a higher-end Hyundai model or trim. Many drivers in Crawfordsville and Terre Haute love the wider selection of models available to them via leasing.

Leasing a new Hyundai also means you'll be covered by the manufacturer's warranty for the duration of the lease. Most new vehicles come with a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty. If you need service for common issues in Savoy, IL, or Danville, your costs are covered.

Flexible Lease Return Options

At the end of a Hyundai lease, you typically have a few different options. You can simply return the vehicle to the dealership and walk away, or you can choose to purchase the car if you've grown to love it. Alternatively, you can also lease a newer Hyundai model if you want an upgrade. This flexibility is why leasing remains popular, especially as new Hyundai vehicles are released with the latest designs and tech.

If you're interested in leasing a new Hyundai, contact our Finance Center at Patriot Hyundai of Danville to learn more. Then, visit our lot for a test drive!