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Hyundai

Lake Norman Hyundai

20520 Chartwell Center Dr
Directions Cornelius, NC 28031 5255

  • Call Now: (855) 447-1665

Schedule Service & Order Parts: 855-447-1660

Info

Buying VS. Leasing

 Buying Vs. Leasing

Should I buy? Or should I lease?

Which is best? That depends on your needs. Let’s break it down.

When you buy a car:
  • You pay the entire cost.
  • The mileage you put on it doesn’t matter or how long you keep it.
  • You will be required to make a substantial down payment and pay applicable sales tax on the entire purchase price, along with interest.
When you lease a car:
  • You only pay the part of the car’s value that is used during your lease term (i.e., its depreciation).
  • There is a term agreement for the number of months you lease (usually between 24-36 months); in addition, there is a cap on the number of miles you can put on your leased vehicle without penalty.
  • You are required to make only a small down payment (1-2 monthly payments in advance) or no down payment.
Buying

Buying may be best for you

If you plan on keeping your vehicle 5 years or longer or drive a lot of miles every year.

Leasing

Leasing may be best for you

If your annual mileage in 10,000 or less, and you like to drive a new car every 3 years.

Contact

Lake Norman Hyundai

20520 Chartwell Center Dr
Directions Cornelius, NC 28031 5255

  • Sales: (855) 447-1665
  • Service: (855) 447-1660
  • Parts: (855) 447-1675

Hours

  • Monday 9:00 AM-8:00 PM
  • Tuesday 9:00 AM-8:00 PM
  • Wednesday 9:00 AM-8:00 PM
  • Thursday 9:00 AM-8:00 PM
  • Friday 9:00 AM-8:00 PM
  • Saturday 9:00 AM-7:00 PM
  • Sunday 12:00 PM-5:00 PM
  1. Lake Norman Hyundai

    20520 Chartwell Center Dr
    Cornelius, NC 28031 5255

    • Sales: (855) 447-1665
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