What Is A Car Lease?

There is nothing quite like driving home in a brand new Hyundai model vehicle, however, there is more than one way to make your dreams a reality. At Kearny Mesa Hyundai we offer a plethora of auto financing options, and one popular path to ownership is through a car lease.

‘What is a car lease?’ This is a question that we get a lot, and are always happy to answer. A car lease is quite different from an auto loan. Auto loans for one tend to last a longer time than auto leases, as leases typically have a term of only one or two years. That said, you also aren’t paying for the full value of the vehicle when you sign for an auto lease. Instead, when you sign a car lease you’re financing for a portion of the value, and when the lease is over you’ll have to return that vehicle back to the dealership.

It is important to note though that there are some limitations to auto leasing. When you sign for an auto lease you’ll likely be kept within a mileage cap, meaning you can only drive the vehicle for so many miles between the time of signing and the time of closing. You also won’t be able to modify the vehicle at all without paying the dealership more at the end of the lease. But if you’re the kind of driver that always wants to drive something new, and doesn’t care as much about modifications, leasing may be the option for you.

If you have additional questions regarding auto leases, our San Diego Hyundai dealers are here to help. At Kearny Mesa Hyundai, we’ll give you all of the details you need to sign the auto lease that meets all of your expectations.