Short-Term Affordability
If you are
someone with a shorter commute or someone who does not want to be tied
down to a long-term loan agreement, then leasing might be the better
option for you. In a lease agreement, you make a down payment and
structured monthly installments, but the contract is only for a
short-term at a limited number of miles, similar to a rental contract.
When leasing, you only pay for a percentage of the vehicle's value as
you are not looking to totally own the vehicle, so your down payment and
monthly payments will often be smaller.
Modifications
However, one thing that people might not enjoy in a lease agreement are
some of the stipulations, such as modification. Say you want to install
a new roof rack on your Kia Sedona for a camping trip in Haughton or
Greenwood, or you want to give your Kia Stinger a slick new paint job. A
lease agreement might not permit many modifications such as these that
would alter the vehicle permanently, unless you plan to purchase the
vehicle at the end of the lease. In an auto loan agreement, you have no
restrictions on distance and you can modify the vehicle as you like, so
long as its service schedule is maintained, and the vehicle's payments
are made on-time. Once the vehicle is paid off, it is yours to sell,
modify, trade-in, or give away as you see fit.
Warranty Coverage
A vehicle, no matter purchased or leased, is an investment in and of
itself, so you deserve to have the right protections for your
investment. With a Kia lease agreement, you will find that its many
warranties keep you covered in the long-term but might require renewal
if you own the vehicle long-term. However, in a short-term lease
agreement, the vehicle remains under its factory-issued warranties,
giving you access to high-quality repairs and maintenance through our
service center.
It's All Up to You!
Whether you are
thinking in the short-term or long-term, there are a great deal of
benefits to be had from financing and leasing. You can talk about both
options with our finance center when you come to test drive the new Kia
model or used car of your choosing here at Orr Kia of Bossier City! We
are located just a half hour outside of Plain Dealing and we are proudly
serving the Marshall, TX area as well.