Should I Buy or Lease?

Finance Calculator

Are you in the market for a new vehicle to take your Mascoutah commute to the next level, but are debating whether to buy or lease a new vehicle? While they both present benefits from a financial standout, it’s more important to determine which option best fits what your needs are, what you can afford, and what you want. It’s time to break down buying vs. leasing so you can make the best-informed decision and get behind the wheel of your new car in no time!

Benefits of Buying

  • No Mileage Restrictions: Without the mileage limits you get on a leased vehicle, you’re free to drive as much as you want.
  • Total Ownership: Buying your own vehicle allows you to modify or decorate it to fit with your style.
  • Customization: With a car of your own you can also make cosmetic upgrades and mechanical changes as you see fit without restriction.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose. You can also trade in your car with a dealership.
  • Financing Options: While leasing is pretty simple, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.
Car Key and Pen on Contract

Benefits of Leasing

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: After your lease agreement, you can easily pay any remaining fees and drive away in your next vehicle of choice.
  • Great Coverage: Thanks to reliable warranty coverage and maintenance, you’ll be covered under any auto issue or repair that pops up as long as you don’t go over the mile limit.
  • Options: With leasing, you can always get behind the wheel of the newest models.
  • High Approval Rate: It’s much easier to get approved for a lease, even if you have poor or non-existing credit.

Explore Leasing and Financing Options at Auffenberg Kia

While leasing may be a great option for some Trenton customers, financing may be the better path for others. No matter which route you choose our finance department is always here to help you get started. You can apply online for financing or estimate your monthly payments as well as learn about the benefits of a used Kia.

If you’re still looking, be sure to explore our new inventory of vehicles, as well as some of our leasing and finance deals, to find what you’re looking for. And, as always feel free to contact us to if you have any questions or want to schedule a test drive!

More From Auffenberg Kia

  • What are the 2021 Kia K5 Colors?

    If you were a fan of the Kia Optima colors of the past, you’ll fall in love with the gorgeous Kia K5 colors for 2021. This modern sedan showcases its style with a collection of eight different paint colors and seven interior options – which means you can stand out from the crowd in Mascoutah….

  • What are the 2021 Kia Sorento Trim Levels?

    The Kia Sorento has long been a favorite of drivers from Mascoutah to Smithton, but what’s in store for the latest model year? There are five different Kia Sorento trim levels for 2021, each offering their own unique blend of features and technology. So whether you want an affordable SUV or a top-of-the-line luxury experience,…

  • 2021 Kia Seltos Interior & Dimensions

    Kia offers a range of exciting SUVs that can transport you and your family from O'Fallon to Mascoutah with comfort and convenience in mind. The newest addition to the Kia SUV lineup, the Kia Seltos, certainly has a lot of offer. The Kia Seltos interior is incredibly versatile and spacious, and includes plenty of exciting…

Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

(618) 622-4522

Call Now

106 Auto Court • O'Fallon, IL 62269

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Auffenberg Kia 38.5932803, -89.9583229.