Car Leases vs. Car Loans

We’re Here to Help With All Your Kia Financing Questions

We get it, auto financing is stressful. However, it doesn’t have to be. Our Kia finance center is here to help you every step of the way. There are two main ways to obtain your car—either through a car lease or a car loan. Both have their benefits, but there’s not a one-size-fits-all solution.

We’ll help break down the key points of each option in order to help you make the right decision for your family. When you’re ready to get into your next car, visit Lupient Kia of Milwaukee to test-drive any of our exciting new and used models. Then, the helpful professionals in our finance center will assist you the rest of the way.

Explore a Car Lease in Milwaukee

Car leases are getting increasingly popular due to their flexibility. You can think of a car lease as a long-term rental. A car lease typically lasts three years, and it is typically more affordable than getting an auto loan for the same model. Plus, car leases require little or no down payment.

However, this lower price comes with a few minor drawbacks. Since the car will be resold after your car lease term expires, the vehicle must be in stellar condition. This means you must keep the car free of damage, and you may incur a fee for any dings or scratches. However, you will have the benefit of lower maintenance costs, as the car will be under the manufacturer's warranty for the duration of the lease. This means any major repairs will likely be covered, whereas when you buy a car you’ll be stuck with footing the bill after the warranty expires.

Also, there is a reasonable limit to the amount of miles you may put on the vehicle each year. So, if you’re someone who has a short commute, a car lease may be the ideal option for you.

Benefits of an Auto Loan

Many drivers dream of eventually being payment-free. If you’re interested in total car ownership, then you may want to explore a car loan.

There are also several other benefits. For instance, car loans allow you to choose from a wider selection of vehicles. While car leases are only available on new models, you can get an auto loan for new, Certified Pre-Owned, and used vehicles.

This option gives you more freedom since you’ll be able to customize your car and you won't have to adhere to mileage limits. Additionally, you’ll be able to do whatever you want with your car once it is paid off. You can either drive it for years without having any payments, or you can put your car’s trade-in value toward the down payment of a newer model.

Meet With the Finance Experts at Our Kia Dealership

When you’re ready to upgrade into your next car, come down to Lupient Kia of Milwaukee. We have an elite selection of new and used vehicles to choose from, and we’re ready to help you with any of your Kia financing needs. Our finance experts will work with you to get the most competitive monthly payments and interest rate available to you.

Make your dream ride a reality. Visit our Kia dealership today to test-drive any model in our inventory and to get a financing plan that works for you and your family.