2022 Hyundai Santa Cruz on the beach.

Buy vs Lease at Hyundai of Lincolnwood

Not sure whether buying or leasing is right for you? The experts at Hyundai of Lincolnwood are here to help you make a confident decision based on your individual budget and lifestyle demands today. Buying and leasing both have advantages, it’s similar to buying or renting a house. Most customers make the decision based on the monthly payments and how long they plan to drive the vehicle.

Find out which is right for you so you can drive home in your dream Hyundai today! Explore all benefits and differences. Once you’ve found the right one for you, be sure to review all our latest monthly Hyundai finance specials and apply for Hyundai financing to get started. It’s never been easier to get behind the wheel on your terms!

Buying

The best way to experience the full Hyundai ownership experience is by financing your next new or pre-owned Hyundai model. At Hyundai of Lincolnwood, our expert finance team is eager to help you find the perfect loan for your budget. Discover all the freedoms that come with ownership, like the ability to refinance, build equity, personalize your ride, and more. Additional advantages of choosing to finance a new or used Hyundai model include:

  • Less worry about your vehicle’s condition
  • No limit on mileage
  • Full ownership of your vehicle
  • Factory warranty to cover major repairs

Leasing

If you purchase new vehicles frequently because of the latest styles, technologies, and features, leasing may be right for you. Leasing a new Hyundai allows you to get a new model more often and even offers exclusive opportunities like the ability to turn in your lease early! So if you typically trade-in your vehicle for a new one before it is paid off, leasing is a good option for you. You don’t have to worry about resale value with a car lease. If the value of the vehicle drops when you are leasing it doesn’t affect you. If on the other hand, the vehicle holds its value better than expected, you will be able to buy the vehicle at the end of your lease.

  • Lower down payment
  • Lower monthly payment
  • Opportunity to drive a new car every two to three years
  • Factory warranty to cover major repairs

Lease Return Options

Whether you’re turning in your lease early to enjoy a new car sooner and exclusive incentives or turning in your lease right on time, Hyundai offers numerous end-of-lease options. At the end of your lease term, you have four simple options to choose from:

  1. You can lease a new Hyundai
  2. Purchase a new Hyundai
  3. Purchase your currently leased Hyundai
  4. Walkaway hassle-free after your inspection

Why finance with Hyundai Motor Finance?

Hyundai of Lincolnwood offers a slew of exclusive specials that include everything from Special Offers on New Hyundai Models and Pre-Owned Vehicle Specials to National Offers & Incentives and more! Together with Hyundai Motor Finance, we also help you unlock next-level savings with our College Grad Program, Military Program, and First Responders Program. Plus, we also offer $1,000 toward the cost of installing adaptive equipment in new and unused Hyundai vehicles sold or leased with our Mobility Program.

Choosing Hyundai Motor Finance also grants you access to your account 24/7, no matter where you are. Whether you’re at home or on the road enjoying your Hyundai vehicle, you can pay your bill, download statements, and manage your account anytime from your computer or mobile device. Whether you’re thinking of leasing or buying, Hyundai has great deals:

  • Low monthly payments and APRs
  • Valued Owner Coupon offers for current Hyundai drivers
  • Competitive Owner Coupon offers if you’re trading up your Hyundai
  • Bonus cash deals

Buy vs Lease FAQs

  • Lower down payment
  • Lower monthly payment
  • Opportunity to drive a new car every two to three years
  • Factory warranty to cover major repairs

A car’s mileage affects its resale value. If you drive more miles than the average American driver (12,000 per year) a lease may not make sense. Leases most often come with a limit of 10,000-15,000 miles per year and a fee per mile for additional miles driven.

If you are driving your vehicle for business a portion of the car’s depreciation and lease payments can be deducted from your taxes. If you want to learn more about the business vehicle tax deduction, check with your tax adviser.

You have four options when your lease term is ending:

  1. You can lease a new Hyundai
  2. Purchase a new Hyundai
  3. Purchase your currently leased Hyundai
  4. Walkaway hassle-free after your inspection
  1. Scheduling your inspection.
  2. Review and make possible repairs.
  3. Make an appointment at a dealer.
  4. Complete a federal odometer/lease termination statement.
  5. Pay any lease liability fees/charges.
  6. Pay any additional charges.

Leasing offers a lower monthly payment when compared to financing with the same loan terms. Instead of putting your cash into a car that depreciates, you can invest your money into something that appreciates. If you need access to more cash every month – leasing is a good choice. Car leases also do not usually require a substantial down payment.

When you lease a car you pay less for sales tax. When you purchase a car you pay sales tax on the total amount upfront or rolled into your loan. When you lease you pay sales tax only on the portion of the car you finance.

With a 3 year lease, your vehicle is under warranty and the factory will cover the cost of most repairs. Not to mention that a brand new car is unlikely to have dead batteries, or need costly repairs.

You will need to pay your state’s licensing fees, and you still need to purchase car insurance to cover theft and damage. GAP (Guaranteed Auto Protection) insurance is available with most leases to protect you if the car is totaled.

  • When you choose to buy and finance your new car, your loan term is usually 24 to 72 months.
  • If you choose to lease a new Hyundai, your lease is usually 24 to 48 months.
  • When you buy, you will receive your title, lien release, or a letter from us indicating your lien has been released electronically after your final payment has been processed.
  • After your lease is done, you may purchase your lease vehicle or return it to your Hyundai dealership, at which point you may choose to purchase or lease a new Hyundai.

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 9:00 PM
  • Sat9:00 AM - 7:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:00 AM - 7:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 7:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed

Hyundai of Lincolnwood is located at: 6747 Lincoln Ave • Lincolnwood, IL 60712
Hyundai of Lincolnwood 42.003864, -87.728094.