Leasing Information

When you lease a vehicle, you’re only paying for the portion of the vehicle you use over the course of the lease, which usually lasts two or three years. Because you’re not making payments based on the entire value of the car, your monthly payments will be lower. There are very specific stipulations about the number of miles you can drive a leased car, the condition the car must be in when it’s returned, and penalties associated with ending a lease early, so it’s very important to read a lease agreement carefully. As with buying a car, there may also be various finance charges and fees associated with leasing a car.

Leasing Strong Points

  • Your monthly payments are lower
  • Smaller (or no) down payment
  • A new car every few years
  • Drive a better car for less money
  • Pay for a portion of the vehicle
  • No long term commitment
  • Many leases include GAP insurance

Generalizations

In the short term, the costs of leasing are lower than the monthly cost of buying. You may want heftier car insurance with leasing. In the long term, the cost of buying is less than leasing, because the buyer can continue to drive the car after all the payments are made.

Purchase

  • Full ownership at the end of the loan
  • No limit on mileage
  • Less worry about dents & dings/ condition
  • Flexibility to customize your vehicle

Jill can help you with a purchase as well, and we specialize in the credit challenged; if this is you, contact us today!
(877) 635-0253

Lease End Options

If you are near the term end of your lease, you can upgrade to a new lease on a new vehicle.
Your options include:

  • Return your current, leased vehicle and setup a new Lease with a brand new vehicle
  • Buy out Your Lease
  • Purchase a New Vehicle

Have you received “end of term” notices from Hyundai? These notices include turn-in documents, an Odometer Statement and a turn-in receipt that will help you with the turn-in process.

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860-643-2700

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21 Hartford Tpke • Vernon, CT 06066

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-8pm

Open Today! Parts: 7:30am-5:30pm

Key Hyundai of Manchester 41.5295878, -73.8404069.