Should I Buy or Lease My New Genesis in Kennesaw, GA?

Once you've decided which new Genesis to take home, the hard part is over. The rest of the financial process is easy here at Genesis of Kennesaw, especially if you've been pre-approved online. The last thing our team wants — especially for first-time shoppers — is for you to get overwhelmed with the decisions ahead. That's why we've put together a chart outlining the differences (and similarities) of buying and leasing with a few following explanations. Deciding whether to buy or lease is one of the biggest decisions you'll face, but equipped with the information below, we're sure that you can make your decision with confidence. Let's get started!

How Do Car Loans and Leases Differ?

	Loan	Lease
Path to Ownership
Upfront Costs	Cash price or a down payment, taxes, registration, and other fees.	First month’s payment, refundable security deposit, acquisition fee, down payment, taxes, registration, and other fees.
Lower Monthly Payments
Customization Allowed
Covered Under Warranty
Future Value	All vehicles depreciate, but you'll have equity when trading or selling.	The future value doesn't affect you.
Unlimited Mileage
Fees for Excessive Wear and Tear
Fees for Early Termination
End of Term	You'll have full equity to do what you want with the car.	Purchase the vehicle, or buy or lease another car.
Vehicle Return	Sell or trade.	Return the vehicle at lease-end and pay any applicable fees.

Why Purchase a New Genesis?

When you buy your new Genesis, you'll enjoy the ultimate freedom of ownership. Once you leave our office with the paperwork signed, there aren't any additional fees or mileage limitations for you to worry about. And after your Genesis is paid off, the vehicle is yours to do with as you please, since your monthly payments were used to build equity. Plus, if you no longer want your vehicle, you can trade it in for another, lowering the final cost of your new vehicle purchase. Ready for the cons of buying? Monthly payments are typically higher when you buy, but that also depends on your credit history and down payment amount. And while new vehicles come with a warranty, all warranties expire, so once coverage ends, you'll have to pay for all repair and service costs out of pocket.

Why Lease a New Genesis?

Have you noticed that leasing has become a popular option these days? It's grown in popularity for a few reasons. As the price of new cars continues to climb, the lower monthly payments for a lease are an attractive alternative. You'll also notice that many lease terms are less than or equal to the length of the limited new vehicle warranty. So not only will you drive your leased Genesis during the most trouble-free years of its lifespan, but your vehicle should remain covered under warranty the entire length of your lease. Once your lease terms are up, you won't have to worry about selling or trading in your model — simply return your Genesis to the dealership, pay any applicable fees and decide which model to lease next. What are the cons to leasing? Mileage limitations, no customization allowed and fees for wear and tear and early termination.

If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us or visit Genesis of Kennesaw at 2878 Barrett Lakes Blvd NW, Kennesaw, GA 30144 . We look forward to serving customers near Marietta, Acworth and the greater Atlanta area.

*Visit Consumer Reports’ page for more information on whether you should buy or lease.