Blog | Hyundai Southwest Albuquerque | Near Rio Rancho, Santa Fe & Los Lunas, NM

One of the main questions we get a lot at our finance center has to do with the differences between leasing a vehicle and purchasing it. More importantly, a lot of people are curious if they should lease their vehicle instead of buying it.

This helpful video describes some of the main differences between leasing and buying. This information can help you decide whether you want to pursue leasing a vehicle or buying it!

If you are contemplating the purchase of a new or used vehicle the smart thing to do is to get your loan for the car pre-approved. You can go to website and fill out a simple questionnaire pertaining to the subject and submit it to our financing department at the dealership. Then in short order you will receive a reply outlining what you will qualify for in the way of a loan.

So let's say you buy a car. Everything is looking up, everything runs smoothly, the deal was easy, and the payment fits your budget. So you're on the drive home and... you get in a car accident. Although it's something we don't want to imagine, it could very well happen and it occurs every day. So, your insurance company will pay you the market value for your car—but if your car loan is more than that, you'll be paying a bill every month for a car you don't even have.

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