buy or lease - What's right for me
How do you know whether a lease is right for you? As your deciding what your next vehicle will be, another thing to consider is whether you should buy or lease.
The main difference between the two comes down to:
If you like having the latest and greatest every few years, a leased vehicle may be the best route to take.
If you like to own your vehicle, without the worry or limitations of a contract, you may want to buy.
Maybe your a mix of the two? Read on to learn more about both options to find the best fit. Have questions? Our team is here to answer your questions.
The main difference between the two comes down to:
If you like having the latest and greatest every few years, a leased vehicle may be the best route to take.
If you like to own your vehicle, without the worry or limitations of a contract, you may want to buy.
Maybe your a mix of the two? Read on to learn more about both options to find the best fit. Have questions? Our team is here to answer your questions.
Out of pocket Costs:
LEASE:
On top of a down payment, taxes, registration and other associated fees, a typical lease will require you make the first month’s payment and put down a refundable security deposit. When you get your lease with the Bill Dodge team, your security deposit may be waived though.
PURCHASE:
You'll need to have money for taxes, registration, and other fees. These will be included in the final price when buying outright. If you're taking the financing route, you'll also want to consider what your down payment will can affect the monthly payment of your loan.
On top of a down payment, taxes, registration and other associated fees, a typical lease will require you make the first month’s payment and put down a refundable security deposit. When you get your lease with the Bill Dodge team, your security deposit may be waived though.
PURCHASE:
You'll need to have money for taxes, registration, and other fees. These will be included in the final price when buying outright. If you're taking the financing route, you'll also want to consider what your down payment will can affect the monthly payment of your loan.
monthly Payment:
LEASE:
You may find that lease payments are lower because you are only paying for the depreciation of the vehicle during your specific lease terms.
PURCHASE:
If you finance, loan payments are typically much higher than lease payments because you are working to own the car once payment terms are complete.
You may find that lease payments are lower because you are only paying for the depreciation of the vehicle during your specific lease terms.
PURCHASE:
If you finance, loan payments are typically much higher than lease payments because you are working to own the car once payment terms are complete.
Driving Styles, Lifestyle, & Habits:
LEASE:
Do you travel more than 12,000-15,000 miles/year? If so, leasing a vehicle may not be the right fit. Your lease includes the negotiated miles, and If you drive over them, you will have to pay. Typically it costs around $0.15/mile over your limit.
PURCHASE:
Buying may be the right option for you if you like to personalize your car. With a leased car, depending on the terms, you may not be able to perform any modifications. If you buy a car, you have the right to customize it however you would like and you do not have to worry about breaking lease terms.
Do you travel more than 12,000-15,000 miles/year? If so, leasing a vehicle may not be the right fit. Your lease includes the negotiated miles, and If you drive over them, you will have to pay. Typically it costs around $0.15/mile over your limit.
PURCHASE:
Buying may be the right option for you if you like to personalize your car. With a leased car, depending on the terms, you may not be able to perform any modifications. If you buy a car, you have the right to customize it however you would like and you do not have to worry about breaking lease terms.
Early Termination:
LEASE:
Ending your lease early can be very costly and most of the time will be just as expensive as sticking with your original contract.
PURCHASE:
If you buy your car, you can sell it whenever you would like. Money from the sale can be used to pay off your loan balance or you you can pocket any money made from a vehicle that has been fully paid off.
Ending your lease early can be very costly and most of the time will be just as expensive as sticking with your original contract.
PURCHASE:
If you buy your car, you can sell it whenever you would like. Money from the sale can be used to pay off your loan balance or you you can pocket any money made from a vehicle that has been fully paid off.
End of Term:
LEASE:
When your lease is up, you can choose to purchase the car outright or you can walk away and get a new car.
PURCHASE:
When you purchase a car, and your loan is paid off, you can do whatever you would like with the vehicle.
When your lease is up, you can choose to purchase the car outright or you can walk away and get a new car.
PURCHASE:
When you purchase a car, and your loan is paid off, you can do whatever you would like with the vehicle.
Shop Local New Cars In Westbrook At Bill Dodge Kia
Bill Dodge Kia offers a large selection of new inventory to choose from. Whether you’re searching for a car, van, truck, SUV or crossover that fits your budget, we’ve got the perfect vehicle for you. Each vehicle is carefully selected, ensuring it meets our high standards.
New 2024 Kia Niro Plug-In Hybrid SX Touring FWD
- Bill Dodge Price $42,040
- Exterior
- Steel Gray
- Engine
- 1.6 L
New 2024 Kia Niro Plug-In Hybrid EX FWD
- Bill Dodge Price $37,005
- Exterior
- Snow White Pearl
- Engine
- 1.6 L
New 2024 Kia Seltos X-Line DCT AWD
- Bill Dodge Price $30,710
- Exterior
- Fusion Black
- Engine
- 1.6 L
New 2024 Kia Niro Plug-In Hybrid SX Touring FWD
- Bill Dodge Price $42,135
- Exterior
- Cityscape Green
- Engine
- 1.6 L
New 2024 Kia EV6 Wind AWD
- Bill Dodge Price $48,100
- Exterior
- Steel Gray
- Engine
- 0.0
New 2024 Kia Niro Plug-In Hybrid SX Touring FWD
- Bill Dodge Price $42,450
- Exterior
- Mineral Blue
- Engine
- 1.6 L
New 2024 Kia EV9 Wind AWD
- Bill Dodge Price $58,120
- Exterior
- Ivory Silver
- Engine
- 0.0
New 2024 Kia Forte GT-Line IVT
- Bill Dodge Price $24,240
- Exterior
- Sporty Blue
- Engine
- 2.0 L
New 2024 Kia Sportage X-Line AWD
- Bill Dodge Price $35,795
- Exterior
- Dawning Red
- Engine
- 2.5 L
New 2024 Kia Sportage X-Pro AWD
- Bill Dodge Price $38,790
- Exterior
- Dawning Red
- Engine
- 2.5 L
New 2024 Kia Forte GT-Line IVT
- Bill Dodge Price $24,485
- Exterior
- Aurora Black
- Engine
- 2.0 L
New 2024 Kia Niro LX FWD
- Bill Dodge Price $28,700
- Exterior
- Steel Gray
- Engine
- 1.6 L
New 2024 Kia Seltos SX DCT AWD
- Bill Dodge Price $32,035
- Exterior
- Fusion Black
- Engine
- 1.6 L
New 2024 Kia Niro EV Wave
- Bill Dodge Price $42,400
- Exterior
- Graphite Gray
- Engine
- 0.0
New 2024 Kia EV6 Wind AWD
- Bill Dodge Price $47,095
- Exterior
- Aurora Black Pearl
- Engine
- 0.0
New 2024 Kia Forte LXS IVT
- Bill Dodge Price $21,815
- Exterior
- Aurora Black
- Engine
- 2.0 L
New 2024 Kia EV6 Wind AWD
- Bill Dodge Price $48,100
- Exterior
- Gravity Blue
- Engine
- 0.0
New 2024 Kia EV6 Wind AWD
- Bill Dodge Price $48,100
- Exterior
- Yacht Blue
- Engine
- 0.0
New 2024 Kia Carnival EX FWD
- Bill Dodge Price $41,365
- Exterior
- Astra Blue
- Engine
- 3.5 L
New 2024 Kia Sportage X-Line AWD
- Bill Dodge Price $35,365
- Exterior
- Ebony Black
- Engine
- 2.5 L
New 2024 Kia EV9 GT-Line AWD
- Bill Dodge Price $69,285
- Exterior
- Ivory Silver Matte
- Engine
- 0.0
New 2024 Kia Sportage X-Line AWD
- Bill Dodge Price $35,760
- Exterior
- Glacial White Pearl
- Engine
- 2.5 L
New 2024 Kia Telluride SX Prestige X-Line AWD
- Bill Dodge Price $55,145
- Exterior
- Midnight Lake Blue
- Engine
- 3.8 L
New 2024 Kia Seltos EX IVT AWD
- Bill Dodge Price $29,640
- Exterior
- Dark Ocean Blue
- Engine
- 2.0 L
Do you have questions on whether you should buy or lease your next car? Visit our dealership located in the Westbrook . The friendly finance department at Bill Dodge Kia would be happy to answer any questions you may have about buying and leasing programs.
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Sales
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- Closed