The Difference Between Leasing and Buying a Vehicle in Akron, OH.

As a dealership, Marhofer Hyundai of Green is no stranger to the automotive industry. In fact, we help hundreds of drivers living in Akron, Ohio, and surrounding areas get a reliable vehicle each year! One of the ways we do so is by guiding people through financing. There are typically two financial options from which you can choose-that is, to either lease or buy a car. Both have their pros and cons, so we have listed some of the facts down below for your convenience. It is up to you to determine which option is most suitable for your budget.

The Main Points of Leasing a Vehicle

Interested in driving a new vehicle but limited on how much you can spend every month? Then leasing a vehicle is likely your best bet. Essentially, leasing is much like borrowing. Though the vehicle in question is technically still owned by the dealer, your monthly payments will be reduced for this reason. In some cases, down payments are lower or completely exempt as well, making the initial cost more affordable. This is a fantastic opportunity especially if you don't know which model you'd like to keep because you are only obligated to payments for a short duration of time, usually two or three years. Once the terms of a lease contract end, you can then decide whether you'd like to pay off the remainder of its price to claim ownership or trade it in for the lease of another, newer car.

The Main Points of Buying a Vehicle

In turn, if you'd like to possess sole ownership, then buying a vehicle is a better option for you. Though you'll be expected to make a down payment up-front and pay a little more each month, the benefit of doing so is that you are free to do as you like with your model. That is to say, there are no contractual stipulations for you to abide by, such as the mileage restrictions oftentimes listed in a lease agreement. That means you can drive your car as much as you want and upgrade it however you prefer. You won't have to return it to the dealership either because the vehicle you buy is yours to keep!

Lease or Buy Your Next Car at Marhofer Hyundai of Green in Akron, OH.

Whatever you decide, be it to lease or buy a vehicle, you can trust the Marhofer Hyundai of Green team to make the whole experience as nice and easy as possible. So take a look at the new Hyundai models that are now for sale at our dealership in Akron, Ohio, and when you are ready to get behind the wheel, stop by so you can get the financial process started today! For more information about the difference between leasing and buying a vehicle, feel free to contact us online.


Ron Marhofer Hyundai of Green

3360 S. Arlington Rd
Directions Akron, OH 44312

  • Finance & Sales: (234) 260-4236