Are you excited about getting a new car, but not sure whether you should buy it or lease it? We at Fiesta Kia can answer some of the most common questions about leasing a new vehicle. Sometimes looking for a Kia lease near Los Lunas, NM can be intimidating; that’s why we want to ensure you get all the answers you need so that you’re able to drive away in your dream car. Keep reading to learn more about leasing options.
First of all, what exactly is a lease? If you don’t purchase a vehicle outright, you can lease it. Leasing is, essentially, renting the car for a specific amount of time to use as your personal vehicle. Compared to buying, the biggest plus of leasing is a lower monthly payment since you’re only paying for a part of the car’s total value over the lease period. This gives you the chance to drive a nicer car for the same monthly cost.
When times are rough, or in a new model year, manufacturers may offer attractive terms, such as below-market interest rates and high residuals that will lower the monthly payment.
With the gradual elimination of deductions for interest on car loans, leasing may now compare more favorably against conventional financing from a tax standpoint. Even though most individuals won’t save on taxes with a lease, some businesses may benefit from certain lease advantages. Consult your tax advisor for more information.
At the end of your lease, all you need to do is give the car back to the dealer, take care of your lease-end obligations, and walk (or drive!) away. You’ll never have to worry about haggling over the trade-in value or selling the car to get rid of it. If you decide to keep the vehicle at the end of your lease, you’ll have a good idea of how much the cost will be (no more than the residual value).
Other benefits include the chance of a lower down payment or possibly none at all, the luxury of driving a different new vehicle every 2-3 years, and the convenience of trying out a car before committing to a purchase. With each lease, you also receive a factory warranty that covers any crucial repairs that may arise for the duration of the lease. Keep in mind that regular maintenance is our financial responsibility.
If you enjoy driving a new car and like staying on top of trends in the automotive world, a Kia lease near Los Lunas, NM could be just what you’re looking for!
Our Fiesta Kia dealership in Albuquerque is stocked with a large inventory of new, used, and Certified Pre-Owned vehicles, which you can lease, so it’s easy to find the Kia of your dreams with a low monthly payment. Browse our vehicle selection online or drop by the lot to find the perfect model, and then take it for a test drive. If it’s the one you want, one of our finance specialists will be delighted to guide you through the entire process to be certain you understand everything prior to getting you behind the wheel.
Before you decide to lease or buy, consult with the experts at Fiesta Kia’s finance department. We’ll discuss your options and advise you on the best choice for your situation. If you’re working to improve your credit score, find out if you can still lease a new ride even with poor credit. We’re just a short drive from Los Lunas, NM and we encourage you to visit us soon at 7400 Lomas Blvd NE in Albuquerque, New Mexico.