Buying Vs. Leasing

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Buy Vs. Lease


Decide What’s Best For You

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. Be sure to visit the Finance Center to learn about financing options for your new Hyundai and check out the specials page to see the different lease offers. We hope you find it informative and useful.

Phone Numbers:Sales Hours:
  • Mon9:00 AM - 7:00 PM
  • Tue - Wed9:00 AM - 6:00 PM
  • Thu9:00 AM - 7:00 PM
  • Fri9:00 AM - 6:00 PM
  • Sat9:00 AM - 5:00 PM
  • SunClosed

Learn More


Buying

You own the vehicle and get to keep it as long as you want it.

Leasing

You don’t own the vehicle. You get to use it for a finite period of time, and usually for a limited number of miles.

Buying

If you are financing, there can be a down payment ranging from zero to several thousand dollars plus other fees.

Leasing

Down payments can range from zero to several thousand dollars, plus other fees.

Buying

Can be higher than lease payments, but does allow you to gain equity in the vehicle.

Leasing

Monthly payments can be lower with a lease payment, because the bulk of payments are covering depreciation.

Buying

If you are financing, there can be a down payment ranging from zero to several thousand dollars plus other fees.

Leasing

Down payments can range from zero to several thousand dollars, plus other fees.

Buying

There are no mileage limitations, keeping in mind the higher the mileage, the less value it will retain.

Leasing

Leases have language that limits the number of miles allowed during the lease term. Going over this number will result in additional fees.

Buying

When you are ready to move on, once payments are finished you can either sell your car or trade it in on another, again depending on if there is a balance owed.

Leasing

When your lease is up, you turn the car in, you walk away, start over with another vehicle, or if you like your vehicle you have the option of financing it.

Lease Returns


Approaching the End of Your Lease?

Smart Hyundai of Davenport can handle your lease return at our Hyundai dealership. No matter where you originally leased your Hyundai, you can return your vehicle to our Smart Hyundai of Davenport dealership at lease-end.

Not ready to say goodbye? You don’t have to because you’ve got options! Whether you are looking to lease, return, or purchase the current Hyundai you are in , our certified Hyundai Salesmen are here to help you make the best decision. Be sure to check out our Dealership Specials if you do decide to lease.

Options


When your lease is complete simply return the vehicle to Smart Hyundai of Davenport. Our Hyundai Certified Sales Staff will be more than happy to show you the latest models and discuss additional options you may consider. Once you make your decision, our finance center will help you get the financing options available. If you consider buying a used car then we invite you to look through our used car inventory. Simply contact Hyundai Michiana for more information.
Smart Hyundai of Davenport located in Davenport, IA is your premier lease turn-in dealership. Whether you leased your vehicle from us or from any other dealership, we will be more than happy to assist you in turning in your current Hyundai. You will be responsible for paying any mileage overages or excessive wear and damage, but we’ll help you out on your next lease on how to go about avoiding those overages and extra fees.
If you have grown to love your current leased Hyundai then buying your lease is the best option for you! Not only will you get to keep the vehicle you love to drive; you won’t have to worry about any end-of-term obligations and fees.

Smart Hyundai of Davenport is located at: 101 West 37th Street • Davenport, IA 52806
Smart Hyundai of Davenport 41.557707, -90.575608.