Estimate your payments

Please adjust the options below so we can estimate the most accurate monthly payments.

Your estimated credit score
Loan term
Down payment
$50,000
$0
CMA's Hyundai of Winchester logo
Shopper Assurance
Map 2934 Valley Avenue, Winchester, VA Today 8-7pm (855) 463-5530
  • Home
  • New
        • View all [39]
        • ELANTRA
          ELANTRA [6]
        • ELANTRA HYBRID
          ELANTRA HYBRID [2]
        • ELANTRA N
          ELANTRA N [1]
        • KONA
          KONA [5]
        • KONA N
          KONA N [1]
        • PALISADE
          PALISADE [7]
        • SANTA CRUZ
          SANTA CRUZ [2]
        • SANTA FE
          SANTA FE [2]
        • SANTA FE HYBRID
          SANTA FE HYBRID [3]
        • SANTA CRUZ
          SANTA CRUZ [2]
        • SANTA FE
          SANTA FE [2]
        • SANTA FE HYBRID
          SANTA FE HYBRID [3]
        • SONATA HYBRID
          SONATA HYBRID [1]
        • TUCSON
          TUCSON [5]
        • TUCSON HYBRID
          TUCSON HYBRID [1]
        • VENUE
          VENUE [3]
        • Hyundai Showroom
        • Hyundai Drive
        • Owner Assurance
        • Express Delivery Service
        • Lifetime Powertrain Warranty
        • Sell/Trade Your Car
        • Get Informed on New Inventory
        • Easy Purchase
  • Pre-Owned
    • View all [694]
    • Cars [206]
    • Trucks [119]
    • SUVs & Crossovers [341]
    • Vans [27]
    • Hybrid & Electric [42]
    Price
    • Deals Under $20,000
    • $20,000 - $25,000
    • $25,000 - $30,000
    • $30,000 - $35,000
    • Over $35,000
    Features
    • Nearly New
    • Over 30 MPG
    • All-wheel drive
    • Moonroof
    • Leather seats
    • Heated seats
    Shopping Tools
    • Certified Used Inventory
    • Used Vehicle Specials
    • Certified Used Info
    • Sell/Trade Your Car
    • Love It Or Leave It Promise
    • Easy Purchase
  • Specials
    • Current Incentives
    • Used Vehicle Specials
    • Service Specials
    • College Grad Program
    • First Responders Program
    • Mobility Program
    • Military Program
  • Finance
    • COVID-19: Hyundai Payment Deferral Programs
    • Buying vs Leasing
    • Online Credit Approval
    • Sell/Trade Your Car
    • Hyundai Drive
    • Hyundai Plus
    • CMA's Easy Purchase
  • Service
    • Hyundai Service
      • Hyundai Service
      • Battery Service
      • Brake Service
      • Oil Services
      • Tire Center
    • Schedule Service
    • Service Specials
    • Window Tint & Paint Protection
    • Recall Information
    • Owner Assurance
    • Hyundai Complimentary Maintenance
  • Parts
    • Parts
    • Parts Specials
    • Accessories
    • Tire Center
  • Research
    • Hyundai Model Showroom
    • 2023 Hyundai Model Research
      • 2023 Hyundai Palisade vs 2022 Toyota Highlander
      • 2023 Hyundai Kona
      • 2023 Hyundai Santa Cruz
      • Research Center
    • Get Informed on New Inventory
  • About Us
    • COVID-19 Update
    • Contact Us
    • Sell/Trade Your Car
    • Our Dealership
    • Our Team
    • Our Blog
    • Why Buy From CMA's Hyundai of Winchester
    • Why Choose CMA
    • Customer Reviews
    • Community Involvement
    • Lifetime Powertrain Warranty
    • Careers
    • Hyundai Owner Portal
Home / Vehicle loans in Winchester Virginia / Buying vs Leasing

Buying vs Leasing

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. We hope you find it informative and useful. When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car, you pay for only a portion of the vehicle's cost, which is the part you use during the time you are driving it.

Buying

Who Owns It

Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.

Up-front Costs

If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.

Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

End of Payments

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

Leasing

Who Owns It

You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

Up-front Costs

Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

Future Value

In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

End of Payments

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.

CMA's Hyundai of Winchester

2934 Valley Avenue, Winchester, VA 22601
Get Directions

Sales: (855) 463-5530 | Hours
Service: (855) 598-3839 | Hours
Parts: (855) 458-3373 | Hours

New Hyundai

Cars
Crossovers/SUV
Hybrid/Fuel Cell
Special Offers

Pre-Owned

View All
Current Specials
Certified Used
Deals Under $13,000

Shopping Tools

Schedule Service
Schedule Test Drive
Value Your Trade
Service Specials
Hyundai Owner Portal
CMA's Hyundai of Winchester Reviews

Next-Generation Engine 6 Custom Dealer Website powered by DealerFire.  Part of the DealerSocket portfolio of advanced automotive technology products.
Copyright © CMA's Hyundai of Winchester     
Hyundai Owner Portal  |  Privacy  |  Accessibility  |  Sitemap