Should I Buy or Lease?

Signing Finance Documents for Car


You know for a fact that you want to drive with Kia. What you might not know is whether buying or leasing is a better fit for your individual needs! “Should I buy or lease?” is one of the most common questions that drivers bring to the financing team at Kia, so we’ve happily laid out the basics. 

While neither path is ‘better’ than the other, one will likely be a better choice! Just keep the following points in mind before you drive into San Diego from Chula Vista or Escondido.



Long and Short-Term Costs of Leasing vs. Buying

  • Leasing offers lower monthly payments right off the bat, but with all other things being equal. You’ll also spend less on taxes and down payments. However, if you start a new lease every few years, your payments won’t change much over time. However, you won’t have to worry about escalating service or repair costs.
  • Financing gives you a chance to eliminate your monthly payment entirely, and buying used is often more affordable than leasing new. Fun fact: drivers who pay off their financed vehicle will spend less than a driver who continues to lease, but repair costs tend to grow as a vehicle ages.
  • Which One Is Better?: Most Kia drivers keep their leased vehicles for an average of three years, and just about everyone we talk to wants to enjoy the latest features. If you share these goals, you’ll most likely find leasing to be the preferable option. If you’re still set on full ownership, contact our finance team to explore your options. 

Mileage Restrictions With Leasing vs. Buying

  • Those who lease their vehicles will have to stay within certain strict boundaries or pay a hefty fee when their lease term comes to a close.
  • Those who finance with the intent to fully purchase the vehicle will not have to worry about mileage limits or restrictions.

The Bottom Line: Those who don’t drive as often as others, such as stay-at-home-workers, will find that the vast majority of leases are suitable for their needs. Those who love their long weekend road trips will likely find financing to be a better fit.

Leasing vs. Buying: Total Ownership and Customization

  • When you lease, you’ll need to keep the vehicle as close to factory condition as possible. This is because the dealership still owns the vehicle and they’ll need to resell it after it leaves your hands.
  • When you buy a vehicle (or finance its full cost), you can add whatever accessories that fit your lifestyle. You can also modify the vehicle more extensively with custom parts or upgrades if you choose, although doing so may void your warranty, so be sure to check that before you add anything on to your Kia.

The Takeaway: Off-roading may not be for you with your Kia vehicle, but many are interested in performance driving and vehicle customization. If that sounds like you, leasing will put obstacles in your path.

Leasing vs. Buying: Which Offers More Freedom?

  • Financing offers flexibility. You’re locked into a contract, but you can sell or trade-in the vehicle at any time (provided that the vehicle is worth more than you owe). You may also be able to refinance for a lower rate down the line. And of course, the vehicle is yours to keep for as long as you like.
  • Leasing is easy and convenient. Just take good care of the vehicle while it’s in your possession, drive it back to our lease return center at the end of your term, and drive home in a new vehicle. You might also have the option to buy out the lease and bring your leased vehicle home for good.

The Final Decision: The simplicity of leasing is a major draw for drivers in El Cajon and La Mesa since the dealership covers most repairs. Still, if you’re comfortable maintaining and reselling a vehicle, the money you get for trading in a purchased vehicle could help to offset future costs. 

View Leasing and Financing Options at Kearny Mesa Kia

If you’re ready to move forward, start exploring our current leasing and financing specials or simply apply for financing online. We’re here for you by chat, by phone, or by email, and you’re welcome to make an in-person appointment, too. Contact us online or call us at 844-824-9673 to get started!

More from Kearny Mesa Kia

  • 2022 Kia Niro EV Specs

      The Niro electric vehicle specifications have caught the attention of many El Cajon and La Mesa drivers. The Niro Kia SUV proves that you do not have to sacrifice performance for efficiency. You can truly have it all. If you have been considering electric Kias for sale in San Diego, the Niro is a great choice. Explore…

  • 2022 Kia EV6 Price

      The 2022 Kia EV6 has been generating a lot of buzz around El Cajon and La Mesa, and it is easy to see why. This electrifying new addition to the Kia lineup is ideal for eco-conscious drivers and adventure-seekers alike. If the EV6 has piqued your interest, you may be wondering about the 2022 Kia EV6…

  • What is the 2022 Kia Sorento Towing Capacity?

      If you are looking for an affordable midsize SUV with robust performance capabilities, you truly cannot go wrong with the Kia Sorento. This fan-favorite proves that you do not have to spend a fortune to access an adventure-ready SUV near El Cajon. If the Sorento has piqued your interest, you may be wondering just how…

Kearny Mesa Kia 32.831858, -117.161401.