Kia

9090 Mentor Ave
Directions Mentor, OH 44060

  • Sales: (888) 432-6162
  • Service: (888) 494-5472
  • Parts: (888) 708-0359
Info

Buy vs Lease at Mentor Kia

When it's time for a new vehicle, you may be wondering whether you should buy or lease your next one. Deciding whether you want to buy or lease is an important decision - with benefits on each side. Our team at Mentor Kia is here to point you in the right direction. Below are the benefits of buying and leasing a vehicle so you can compare and understand which is best for your situation.

What Are The Benefits of Buying a Car

Excellent Finance Rates

We offer new vehicle financing rates as low as 0% APR with qualifying credit on your next Kia vehicle.

Flexibility

You can drive as many miles as you like without having to worry about any mile overage fees. You also have the freedom to customize your vehicle with accessories and aftermarket parts.

Affordable Payment

In addition to excellent financing rates, we also offer loans that extend up to 84 months. Regardless of your budget, you'll be able to buy the vehicle you want at an affordable price.

Warranty Coverage for 10 Years/100,000 Miles

Our 10-Year/100,000 mile powertrain warranty is one of the best in the industry, giving you a peace of mind when you buy a Kia vehicle.

Ownership Equity

After you're finished paying off your Kia, you will own it and have equity that can be used as a down payment when you buy your next vehicle.

What Are The Benefits of Leasing a Car

Flexibility

If your needs or wants change, you will be able to choose a different model every 2-4 years (the duration of your lease). Plus, at Mentor Kia, we frequently offer a lease pull-ahead program to get you a new Kia months before your lease expires.

No Effect On Trade-In

When your lease is up, you won't have to worry about the value of your car or how it will affect the purchase of a new one.

Lower Monthly Payments

Since you are only paying on the portion of the vehicle's life span that you are using, the monthly payments are usually lower than when you buy the same vehicle.

Low Cost of Car Repairs

No matter the duration of your lease, your Kia will be within the 10-Year / 100,000-mile factory warranty, meaning most car repairs should be covered by the factory warranty.

Common Questions About Buying vs Leasing

Q: Can you modify a leased car?

Because you don't 'own' a leased vehicle, modifying the vehicle is in many cases not allowed. Lease contracts are restrictive regarding vehicle modifications, meaning less freedom to customize your vehicle.

Q: How old do you have to be to lease a car?

You have to be 18 years old to lease a vehicle.

Q: If you saved enough money for a 20% down payment. Should you buy or lease?

We recommend buying the vehicle because the large down payment will help keep your monthly payment costs low and will help pay off your car faster.

Q: If you have a long daily commute, should you buy or lease?

We recommend buying a vehicle if you have a long daily commute. Most lease offers have a mileage limit. If you surpass the limit, at lease end you will get charged for each extra mile.

Q: If you're into the latest technology for your car, should you buy or lease?

We recommend leasing a car if you're into the latest technology. Most lease agreements last 2 to 4 years, meaning that you will always be driving cars with the latest technology features.

Q: When is the best time to lease a car?

Typically, the best time to lease is shortly after the model year is introduced because that's when the residual value will be the highest - meaning there's a good chance you'll save money on the deprecation cost.

Q: Can you buy the vehicle at the end of the lease?

If you're at the end of the leasing period and you realize the car meets your lifestyle, you can absolutely buy the vehicle. Your lease contract will detail the price at which you can purchase your vehicle at lease-end. Talk with your sales consultant to learn more about financing options.

Contact Us

Mentor Kia

9090 Mentor Ave
Directions Mentor, OH 44060

  • Sales: (888) 432-6162
  • Service: (888) 494-5472
  • Parts: (888) 708-0359

Hours

  • Monday 7:30am - 9:00pm
  • Tuesday 7:30am - 6:00pm
  • Wednesday 7:30am - 6:00pm
  • Thursday 7:30am - 9:00pm
  • Friday 7:30am - 6:00pm
  • Saturday 8:00am - 6:00pm
  • Sunday 11:00am - 3:00pm