We will be closed on Thanksgiving, Thursday, November 23, to observe the holiday.
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.
- If kept less financed term, trade value is subject to market conditions.
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.
- Damage reported to Carfax, if properly repaired, does not affect you.
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 may be best for you
If your annual mileage in 15,000 or less, and you like to drive a new car every 3 years.
Lake Norman Hyundai
20520 Chartwell Center DriveCornelius, NC 28031 Driving Directions
Sales
704-368-5277704-912-0396
Service
704-848-5062704-912-0397
Parts
704-755-6139704-912-0398
Monday | 9:00AM - 8:00PM |
Tuesday | 9:00AM - 8:00PM |
Wednesday | 9:00AM - 8:00PM |
Thursday | 9:00AM - 8:00PM |
Friday | 9:00AM - 8:00PM |
Saturday | 9:00AM - 7:00PM |
Sunday | 1:00PM - 5:00PM |
Monday | 7:30AM - 6:00PM |
Tuesday | 7:30AM - 6:00PM |
Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 8:00AM - 4:00PM |
Sunday | Closed |
Monday | 7:30AM - 6:00PM |
Tuesday | 7:30AM - 6:00PM |
Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 8:00AM - 4:00PM |
Sunday | Closed |