New Car Lease VS Finance - Why Do People Lease

You have 2 great options to compare when buying a new car, lease vs finance. We're going over the benefits of financing a new car as well as the the reasons why you may choose to lease a new car.
When comparing a new car lease vs finance loan for the same new vehicle, different factors come into play that may take a option off the table for you (because it will end up costing you more in the long run).
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Chapters:
Start - 00:00
What is leasing - 00:21
What is financing - 00:56
Why not to lease - 01:18
Benefit to financing a car - 02:02
Costs of leasing and financing - 02:45
Closing - 03:53
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You’re Watching Car Buying Tips sponsored by Matt Blatt - answers to your car buying questions.
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🔥 Get our FREE Car Buying Guide here👇👇
www.mattblattnissan.com/car-buying-guide

[@alnbravo3159]

Thank you very much. Was just at M.B. Kia Toms River for an oil change they are a great group to visit. Everyone was so pleasant

[@alnbravo3159]

I love leasing through Kia but I'm getting older and may not want to have the monthly payment due to budgetary reasons. What does it take to buy the lease if you like the car? Down payment etc. I've been leasing Kia since 2013. Two souls a Sportage and back to Soul again. Any thoughts?

[@MattBlattDealerships]

Hey Alan...great question! If you're looking to buy out your lease before your lease expires, you need to contact a local Kia dealer or call Kia directly and get your payoff. Your payoff would include your remaining payments and your residual value (aka your lease end purchase price that was established upon your original deal - you should be able to find this on your original lease contract). A local Kia dealer can help you finance this amount, or pay cash for it. If your lease is up and you're just looking to buy the vehicle for the lease end purchase price, the same process would apply. A down payment should not be required in either scenario, but you may decide to put money down if you have a particular monthly payment in mind. Also, FYI - there should not be any additional fees tacked on to your lease end purchase price either. I know you're looking to get rid of monthly payments, but your vehicle is worth A LOT of money right now, so you may want to explore that option even if you don't go that route.