Lease Information

Leasing Information At Mack Grubbs Hyundai

Leasing Strong Points

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

See dealership for details!

More 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.

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

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

We can help you with a purchase as well, and we specialize in the credit challenged; if this is you, contact us today! (601) 705-0790