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6006 West 19th, Lubbock, TX, 79407

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Dealership Info

Phone Numbers:Online Showroom Hours:
  • Mon - Sun12:00 AM - 12:00 AM
    (Always Open for Online Shopping)
Sales Hours:
  • Mon - Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat7:00 AM - 6:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat7:00 AM - 6:00 PM
  • SunClosed
Service

Leasing vs Buying a New Car

Leasing vs Buying

Why Lease a New Car?

If you want to drive newer, safer, more reliable cars or trucks, not commit to a large down payment every few years, and also don’t travel an excessive amount yearly, then a new car lease might be the right choice for you. Leasing is intended for people who prefer to avoid the hassle of buying and selling each time they want to drive a new car, truck, or SUV.

Why Buy a New Car?

On the other hand, if you like long term automotive relationships with a higher sense of ownership and commitment, then buying might be what’s ideal for you. Car-buying is typically best for people who don’t mind driving the same car, truck, or SUV for over five years or even until the vehicle is no longer suited for the highway.

Lease vs Buy: Which Is Right for You?

Knowing the pros, cons, and overall benefits of buying vs leasing a vehicle is imperative. Be sure to examine factors like monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new vehicle financing type for you.

Leasing vs Buying: Ownership

When it comes to vehicle financing, new vehicle ownership absolutely comes with many well-known advantages, most associated with complete ownership of the car or truck. You may not be aware, however, there are also a few great benefits of leasing, as well. It’s imperative to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A careful study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the ideal choice between leasing and buying a new car, truck, or SUV.

pros and cons of leasing vs buying a new car

Monthly Payments

Car lease payments are often times less expensive in comparison to car financing and loan payments as the standard lease deal is more-or-less renting with the option to purchase near the end of your lease term. Consider when leasing that you’re going to need a decent credit score, and will be asked to carry comprehensive and collision insurance, although the same can be said for the best rate auto loans. Although it might likely add to your monthly payments, it’s also best to get a model with the features you need or want, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It is important to remember this when projecting monthly costs of ownership vs leasing. Regardless of what make and model you buy, mechanic bills are an unknown cost that can quickly add up. And for those who aren’t certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing can be the best option for peace of mind.

lease vs buy car analysis

Investment vs Savings

Generally speaking, a new car or truck lease saves money in the short term with more affordable monthly payments, while buying earns you a long term investment, meaning absolute ownership of the value of the car at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a purchased/financed vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


Kia Lease and Finance Offers In Lubbock TX

Gene Messer Kia knows that choosing the right Kia car and financing option is never easy. Our team of experienced Kia lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Lubbock, TX. We look forward to serving you.


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DealerRater Jun 27, 2019

The service center worked on a minor problem with my 2019 Kia Optima S. They were polite and helpful. RC took care of getting my wife to work when they need to keep the car for the morning. Would have been 5 stars but the online scheduling of appointments is less than smooth even for the tech savvy.

Read at DealerRater

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DealerRater Jan 10, 2019

Face to face on making appointments, they are great. Polite. Friendly. Helpful. Did good work on my Kia Soul and did it quickly!! My only complaint: Tried calling for appointment x2 and was told they would call me. Never did. Otherwise, great service.!!

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Contact Us

(806) 776-5600

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6006 West 19th • Lubbock, TX 79407

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Gene Messer Kia 33.5790487, -101.9462486.