WELCOME TO OUR FINANCE CENTER
AT WOODY SMITH HYUNDAI
AT WOODY SMITH HYUNDAI
Leasing & Financing Your Car in Idaho Falls, ID
At Woody Smith Hyundai, we aim to make it easy to find your dream near Rexburg, ID. Once you know which car, truck, or SUV from new or used inventory you want to drive home in, our Finance Center is here to help you set up a payment plan for it that fits your budget. You might want to take out an auto loan to finance your vehicle. Alternatively, you might prefer the flexibility that comes with leasing a new Hyundai. Here is what you need to know about these payment options, and how to pick the right one for you.
Financing vs. Leasing: Which One is Right for Me?
Before you pick between financing or leasing your vehicle, it's important to know how these payment options differ:
- To finance a vehicle, you take out an auto loan to pay the full price of the vehicle right away. You then pay off the loan over time with interest added. The amount of interest you pay is determined by the amount of your initial down payment and your credit rating. When the loan agreement finishes, you take full ownership of the vehicle.
- To lease a vehicle, you make monthly payments directly to the dealership for a set period. (Usually 36 months, although shorter and longer leases are often available) When the lease ends, you can return the leased vehicle to our dealership, trade it for a new model to lease, or purchase it.
Financing vs. Leasing: Pros and Cons
Financing is the most straightforward path to vehicle ownership for most customers. Financing lets you build equity in a vehicle, and is an easy way to build your credit rating. You can also make modifications to a vehicle that you finance, and you don't have to worry about excess mileage or wear-and-tear fees. However, financing requires taking out a loan, and then paying interest on that loan. When you finance a new vehicle, you have to consider its depreciation and potential resale value.
Leasing lets you drive a new Hyundai vehicle in Rigby, ID, without needing an auto loan or worrying about paying interest. Lease deals are usually shorter than loan agreements as well. Your lease payments are based on the vehicle's depreciation during the lease period, so they are usually lower than loan repayments. Our customers also love the multiple lease-end options, which provide ample flexibility. On the other hand, leases require you to adhere to mileage limits and wear-and-tear limits, and you can't modify a leased vehicle.
Should I Choose Financing or Leasing?
Ultimately, the choice between financing a car and leasing one in Firth, ID, depends on your priorities. If you want a used vehicle, leasing isn't an option. If you want a new Hyundai vehicle, it's important to consider how much you drive, how much wear and tear you might incur on a vehicle, and if you want to make modifications. Additionally, leasing lets you drive a brand-new Hyundai model every few years, which a lot of our customers appreciate. Our Finance Center team will go over your payment options, so you can make an informed decision based on your budget and lifestyle.
Apply for Financing and Value Your Trade Online
At Woody Smith Hyundai, it's easy to start your shopping process from the comfort of your St. Anthony, ID, home. Just visit our website to browse our inventory, apply for financing, and value your trade. Our online shopping tools will save you valuable time, so you can enjoy driving your vehicle sooner.
Visit Woody Smith Hyundai Today
Want to get started with shopping for your next car, truck, or SUV? Then, visit Woody Smith Hyundai today to take a new or used vehicle for a test drive. Contact us to set up your test drive, or to learn more about leasing and financing.
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Woody Smith Hyundai
1495 North Woodruff Ave
Idaho Falls, ID 83401
- Sales: (208) 525-8326
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