Kia SUV driving on dirt road, kicking up dirt in the air

Should I Lease or Finance My Next Vehicle?

Deciding between leasing or financing is a common dilemma for car buyers. While there's no universal answer, the right choice depends on your needs, budget, and lifestyle.

At Raceway Kia of Freehold, we understand that this decision isn't always easy. That’s why we've put together a quick guide comparing the pros and cons of both options. Whether you're a first-time buyer or a seasoned shopper, this breakdown will help you navigate the decision-making process with confidence.

Should I Lease My Next Kia?

Leasing Pros:

  • Get more car for a lower monthly payment
  • Shorter terms (typically 24 to 48 months)
  • Drive a brand-new vehicle more frequently
  • Lower maintenance costs with warranty coverage
  • Reduced sales tax costs
  • Options for little to no down payment

Leasing Cons:

  • Mileage restrictions apply
  • No ownership at the end of the lease (but buyout options may be available)
  • Excess mileage fees can add up

Should I Finance My Next Kia?

Financing Pros:

  • Full ownership at the end of your loan term
  • Use your vehicle as a trade-in for future purchases
  • Freedom to modify or customize your vehicle
  • No mileage limits or penalties

Financing Cons:

  • Higher monthly payments compared to leasing
  • Typically requires a larger down payment
  • Long-term repair costs once warranties expire
  • Vehicle depreciation impacts resale value

Test Drive at Raceway Kia of Freehold

Still unsure whether leasing or financing is the right choice for you? No worries—at Raceway Kia of Freehold, we offer a no-pressure, stress-free shopping experience. Our knowledgeable team will walk you through your options, explain the benefits of both financing and leasing, and help you find the perfect Kia to fit your lifestyle.

Visit us today for a test drive and let us help you get behind the wheel of your next vehicle!

Raceway Kia of Freehold 40.2625396, -74.2932584.