Buying and Leasing

There are distinct differences between buying and leasing any vehicle. Both offer unique benefits and we often make the assumption that buying a vehicle is the financially sound choice of the two. In actuality, leasing provides a number of attractive features depending on your personal wants and needs. We at Cable Dahmer Kia of Lee’s Summit strive to find the best offer that fits your lifestyle needs.

Questions to Consider Buying Leasing
Questions to Consider: Who does the Vehicle belong to? Buying: You will own the vehicle once paid in full. Leasing: Leasing is more or less a long term rental.
Questions to Consider: Which option requires more money Up-Front? Buying: You can anticipate HIGHER Up-Front costs. This includes a large down payment, plus taxes, registration, and added fees. Leasing: You can anticipate LOWER Up-Front Costs. This includes the first-month’s payment, a security deposit, a down payment, taxes, registration, and added fees.
Questions to Consider: What would my monthly payments look like? Buying: Monthly payments are generally much HIGHER because the cost includes the ENTIRE purchase price plus the added interest, financing charges, taxes, and other fees. Leasing: Monthly payments are generally much LOWER because it ONLY includes the value for the period of time the vehicle is leased, plus any interest, financing charges, taxes, and other fees.
Questions to Consider: What if I want to Trade-in or upgrade Early? Buying: As a buyer, it’s your vehicle to sell or trade-in as you see fit. No worry on your end Leasing: We don’t recommend returning your vehicle early. Early Termination fees can often equal the cost of maintaining your original lease agreement.
Questions to Consider: Do I need to return the vehicle? Buying: NO, it is your vehicle to sell or trade-in as you see fit. Leasing: YES, you will return the vehicle and pay any closing costs. At this time, you may purchase the vehicle or lease an entirely new one.
Questions to Consider: Does my car hold future value? Buying: Though you do own the vehicle, its value only goes down over time. Leasing: As a lessee, you’ll always be driving the latest model. No need to worry about its future value
Questions to Consider: Does my mileage matter? Buying: You’re free to drive as many miles as you like. Leasing: There is set mileage limit per year. You will be charged for exceeding said limit.
Questions to Consider: What is Excessive Wear and Tear? Buying: Not a big concern, but it may affect your vehicle’s resale value. Leasing: You may be charged additional fees if your vehicle is beyond normal wear and tear. Its best to find out from the dealership what they consider typical wear and tear.
Questions to Consider: What happens at the end of my financing term? Buying: Your payments are done, which means NO MORE monthly payments. Leasing: Ask yourself, do you want to extend your lease, buy the car, or lease a new vehicle?
Questions to Consider: Can I customize my car? Buying: It is yours to customize. Leasing: No, the lessor wants the vehicle in a sellable condition upon return.
Summary: Buying a vehicle gives you the flexibility to customize your vehicle and drive as many miles as you want without the worry of incurring additional charges. Leasing offers you a unique experience in which you only pay for the use of a vehicle during the leasing period without having to worry about the depreciating value of said vehicle.

After weighing both the pros and cons of leasing vs. buying, you can make an informed decision about purchasing your next vehicle with us. At Cable Dahmer Kia of Lee’s Summit, we’re here to share the facts on buying vs. leasing and are always pleased to answer any questions you might have. We want to help you find the option that suits your financial and lifestyle needs.

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400 NE Colbern Road • Lee's Summit, MO 64086

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Cable Dahmer Kia of Lee's Summit

400 NE Colbern Road Lee's Summit, MO

Phone: 816-558-6700

http://maps.google.com/?q=400%20NE%20Colbern%20Road%20%2C%20Missouri%20%2C%20Lees%20Summit%2C%20MO%2064086

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Phone: 816-558-6700

400 NE Colbern Road Lee's Summit, MO

Service

Phone: 816-359-3328

400 NE Colbern Road Lee's Summit, MO
38.946795 -94.369842
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Cable Dahmer Kia of Lee's Summit
Cable Dahmer Kia of Lee's Summit
400 NE Colbern Road
Lee's Summit, MO, 64086 US
816-558-6700
https://di-uploads-development.dealerinspire.com/cabledahmerkiaofleessummit/uploads/2018/03/CableDahmerKiaofLeesSumitOGImage.png
Cable Dahmer Kia of Lee's Summit 38.946795, -94.369842.