Your Hyundai Lease FAQs Answered

How Do Hyundai Lease Deals Work?

What exactly can you expect when you lease a Hyundai? In a sense, leasing a car is similar to buying one. You do some research and compare models online, go to the dealership, and test drive the models you like to see which one is really perfect for you. Afterward, you choose the color, trim level, and add-ons you want for your car, truck, or SUV, and talk about financing options.

But there are a few differences between purchasing and leasing a car, and most of them happen at the close of the lease term. When you're finished with your lease, you have to determine whether to buy your car outright, or trade it in and start a a new lease. This is your choice, but many people enjoy trading their car in for a new vehicle every three years.

If you love your car and decide to buy it at the end of your lease, you'll need to contact us to get a payoff quote and instructions for purchasing your vehicle.

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How Do I Lease a Car with Bad Credit?

Leasing a car is cheaper than purchasing one, so leasing may make sense if you are trying to save money. And even if you don't have a very high credit score, you might still need to get a new car. Luckily, there are ways to lease a car with bad credit, and there are steps along the way that will actually help to improve your credit score. Here's a short guide to car leases for people with bad credit.

First, if you can, it's a good idea to tune up your credit score before you apply for a lease. Your credit score is the most important factor that car dealers look at when you apply for a lease, so do what you can to improve yours before trying to buy a car. You may also want to save up money for a down payment, because with a larger down payment on the lease you could qualify for a reduced interest rate.

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How Do I Get a 0-Down Lease?

If you are interested in getting a zero-down lease, check out our advertised Hyundai lease specials or call our Hyundai leasing specialists at 215-904-4217.

We are experienced in all aspects of buying and leasing cars, and we can suggest a plan that will work with your budget, whether it is with a zero-down lease, another lease with low monthly payments, or even financing a car, truck, or SUV at a great price point.

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Are There Downsides to Zero-Down Lease?

No-money-down leases are a great choice for someone who wants to drive a brand new car, truck, or SUV without a large initial investment, but they may not be your best option.

When you make a down payment on a traditional lease, this lowers the total amount of money on the lease and decreases your monthly payment amount. Consider it like this: make a larger down payment upfront and you will reduce your monthly payment cost. Pay no money down and you'll pay a little bit more every month.

If your goal is to save money on a car lease, negotiate a price in your budget from the beginning. Getting the lowest price on a car will typically lead to lower monthly payments.

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Are There Fees for Ending a Lease Early?

Auto dealerships only make money off of a lease if you make all of your payments through the end of the lease contract. That is why lease terms include penalties for breaking a lease.

If you default on a lease, you may have to do one or more of these things:

• Pay a fee for terminating the lease early
• Pay all remaining payments
• Pay other costs to prepare the car for resale
• Pay the "negative equity" on your vehicle, the difference between the lease amount and the present value of the vehicle

Before doing anything, though, take a look at your leasing terms to find out which of these fees apply.