Financing vs Leasing in Santa Clarita, CA

 
 
 

Deciding whether to buy or lease a Genesis car? Let us help you understand your options here at Parkway Genesis - Serving Santa Clarita, Los Angeles, Burbank, and Simi Valley, CA

So, you've done your due diligence, consult with family and friends, and finally picked out the perfect Genesis car to suit your needs, and now, you're wondering what to do next? Well, the next step in getting you behind the wheel of your Genesis car of choice is choosing whether to lease or buy the vehicle. Now, these are two very distinct ownership options, and as with any aspect of the car buying process, it pays to do your research. Luckily, we here at Parkway Genesis have years of experience serving customers from all over our hometown of Valencia, Santa Clarita, CA and nearby communities like Burbank, Los Angeles, and Simi Valley, CA. With our extensive experience, we've helped quite a few customers understand the difference between buying and leasing a Genesis car from us, and we'd be happy to do the same for you. That's why we've put together a short breakdown of the benefits of buying and leasing respectively, helping you to hone in on the option that's right for you.

Leasing a Genesis

  • Lower monthly payments: Choosing to lease a new Genesis car means lower monthly payments than purchasing. This makes it a great option for those looking to enjoy our latest Genesis models at a compelling price point.
  • No scheduled maintenance costs: Leasing terms for our Genesis Cars typically range from two to four years, and with Genesis' outstanding warranty, you can be covered for the full term of your lease. This does not extend to excess wear and tear, but most regularly scheduled maintenance will be covered, meaning you won't have to pay out of pocket.
  • End-of-lease turn in: When you come to the end of your Genesis lease, you'll be free to simply turn in your car to us here at Parkway Genesis, pay any end-of-lease fees, and walk away, rather than go through the hassle of reselling their vehicle at a depreciated value as you would with a purchase. Alternatively, you'll also have the option to purchase your leased vehicle at end of term for a price agreed upon at lease signing.

Buying a Genesis

  • Own your Genesis car: When you lease, you don't actually own the vehicle, but rather pay for its depreciation during your term of lease. Purchasing a Genesis car means owning the vehicle outright as you pay off the car loan.
  • Drive as much as you like: Lease terms typically come with a yearly mileage limit, but with a purchase, you'll be free to drive as much as you want, for as long as you want.
  • Freedom to customize: Owning your Genesis car outright means being able to customize it to your heart's content. You'll be free to choose any parts and accessories you want to add on and enjoy your Genesis car as you wish to.

Visit us at Parkway Genesis in Santa Clarita, CA to learn more

We hope our breakdown above has helped you to better understand your buying and leasing options. However, if you'd like to go over the minutiae of each ownership option in more fine detail, we'd be only too happy to help you. Come see us at Parkway Genesis to browse our selection of new Genesis cars for sale and speak to our experienced associates about our Genesis financing options today!

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