Shopping for a luxury vehicle involves understanding both Genesis lease deals and financing with a loan. Both of these methods let you drive an outstanding model, but which one should you choose? Here’s some professional advice from the experts at Genesis of Freehold.
The Differences Between Genesis Lease Deals and Loans
Many drivers want to get behind the wheel of brand-new luxury models every few years and pay fewer upfront costs. If this sounds like you, you’ll want to check out our Genesis lease deals. Leasing is ideal for people who want to spend less overall and aren’t interested in owning the vehicle outright.
Financing with a loan, on the other hand, requires a 10 to 20 percent down payment and higher monthly payments that include interest. There’s more money out of pocket when you purchase a vehicle, but you also build equity in the vehicle. Oftentimes, drivers who plan to keep their car for a long time (or possibly hand it down to a teen driver years down the road) opt to purchase rather than lease.
Additional Benefits of Leasing a Vehicle
You’re already aware that Genesis lease deals generally cost less than financing a vehicle, and that leasing lets you pick out a brand-new model every two or three years, but there are even more benefits of a lease. You’ll drive the car in its most trouble-free years, which means you’ll spend less on maintenance. Plus, if you fall in love with the vehicle during the lease, you don’t have to return it to us—you can decide to purchase it outright.
Explore Lease and Finance Options at Genesis of Freehold
Genesis lease deals and loan packages each have their own benefits. Our team can help you decide which is the best option for you. Stop by our Freehold, NJ, Genesis dealership today!
