Buying vs Leasing at Genesis of Newport News

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Is it better to lease or buy a car? We hear this question a lot at Genesis of Newport News, and we wish there was a simple answer! Many factors go into the decision—your lifestyle, needs, preferences, and priorities. Luckily, the friendly and knowledgeable team at your Genesis dealership near Hampton, VA is here to help.

Benefits of Leasing a Genesis Vehicle

Leasing is a great option for drivers who like to change vehicles frequently. Lease terms are generally around two to three years, so you have the option to change or upgrade your vehicle regularly. If you lease a vehicle, you may also have the opportunity to drive a car with more options and better features than you might otherwise be able to choose when financing. Leasing usually means lower monthly payments, and you avoid the initial depreciation hit associated with a new car purchase.

Benefits of Buying a Genesis Vehicle

One of the best advantages of buying a Genesis vehicle is that the vehicle is yours. You can do as you please. Add custom parts, drive as often as you want, and build equity in the vehicle. Leases generally have mileage stipulations, so if you do drive frequently, buying may be a better option. Buying also gives you flexibility. You can sell the car whenever you want or trade it in for a new model.

Both leasing and buying offer car buyers different advantages. If you are stuck between the two options, do not worry. The expert teams at our Genesis dealership near Williamsburg, VA, will help walk you through the pros and cons based on your personal situation. We offer competitive financing for Genesis cars, and we’re ready to help you with all your Genesis vehicle needs.

Categories: Finance
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