Northstar Hyundai|14803 137 Ave NW, Edmonton

Leasing or financing: which is better for you?


When you’re thinking about financing or leasing, consider your current circumstances and future plans. For customers who love driving a new car with the latest features, leasing is ideal. It also is a good option if you’re moving away in a few years. But leasing does put a limit on the number of kilometers you can drive each year.

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If you are looking at leasing, here are some key considerations:

If you like driving a new car with the latest features, leasing is ideal. It's a good option if you’re moving away in a few years. But leasing does put a limit on the number of kilometers you can drive each year. Key considerations include:

  • No stress of depreciated value as the years pass
  • Be sure to maintain your lease with regular servicing
  • Additional fees may be due if you can’t keep up the lease payments
  • You’re comfortable with always having monthly payments if you lease instead of buy.
What to consider with financing

Most new owners finance a car. And it’s the right option for drivers who want the freedom to drive any number of kilometers a year. You should finance if you:

  • Can manage repair costs after your vehicle’s warranty has expired
  • Want to own the vehicle eventually
  • Need to add accessories, such as a roof rack or tow hook
  • Are fine with value depreciation over time.
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