Buy vs Lease near Dothan, AL


At Mitchell Hyundai, we are dedicated to getting you behind the wheel of a Hyundai that you love. In order to do so, you must consider your budget before taking the plunge towards securing the ride of your dreams. Considering that there are two payment routes that you can choose from, it's helpful to know which is ideal for you. Continue reading to learn more about buying and leasing.


Synonymous with financing, purchasing a vehicle has been the go-to method for a while. This is an option for those who are interested in making a long-term investment. Doing so will require you to present a down payment at the beginning of the transaction, which is typically around 20 percent of a new vehicle and 10 percent for a pre-owned model. Once we have that sum, we'll secure a loan on your behalf, which will then need to be repaid over the course of four to seven years. After it's finally covered, you are welcome to trade it in.


If you aren't keen on the idea of being locked in a single contract for that length of time, we highly recommend you opt for a lease. This alternative is a fine choice for those who are eager to test out the latest automotive advancements, as these agreements last between two and four years. During that time, your monthly rate will cover the depreciation of a new Hyundai. If you realized that your vehicle is a keeper, we can convert your term into a financing plan to pay off the residual cost. However, if another set of wheels catches your eye on our showroom, we make the transition easy and smooth. You also reserve the right to walk away if neither of the aforementioned choices suit your best interest.


With more knowledge on these different payment avenues, it's time to start shopping for a vehicle! Those who are leaning more towards leasing will want to open up the New section on our website, as these showcase the latest unused iterations on our lot. With choices like the Elantra, Sonata, and Santa Fe, the possibilities are endless. If you'd rather make a long-term investment or prefer to save some cash with a pre-owned vehicle, check out the Used category on our site. Both new and pre-owned rides are available for financing, so you have a wider range to choose from. Either way, be sure to utilize the filters on the left side of the screen for a more customizable results page.

Now that you know whether to buy vs lease near Dothan, AL, we at Mitchell Hyundai invite you to our showroom today! If you have any questions, feel free to contact us.



  • Monday 8:00AM-7:00PM
  • Tuesday 8:00AM-7:00PM
  • Wednesday 8:00AM-7:00PM
  • Thursday 8:00AM-7:00PM
  • Friday 8:00AM-7:00PM
  • Saturday 8:00AM-5:00PM
  • Sunday Closed

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