Should You Keep or Replace Your Car?

Deciding to keep or replace a car

Sometimes when you are making financial decisions, deciding whether or not to pay off and keep your current vehicle or trade it in to get a new one is a tough choice. However, you have a third option if you’re looking to replace your car: leasing. If you’re daunted by the idea of having a high monthly payment and having to pay off a brand-new car, then you might want to consider leasing a car instead.

So when, exactly, should you get rid of an old car? Probably when the cost of keeping it alive and kicking outweighs the benefits of having a paid-off vehicle, or when your car is old enough that you’re considering a newer model with more innovative features and designs. However, a new car might be above your budget.

That’s when leasing becomes a good compromise. When leasing, you don’t have to pay off the full cost of the vehicle, only the cost of the vehicle’s depreciation over the life of the contract. So, for example, if your leased vehicle cost $20,000 at the beginning of a three-year term and $13,000 at the end, then you’ll only have to pay $7,000 altogether. That means a lower down payment and lower monthly payment, too. Of course, you don’t get to keep the vehicle once it’s paid off.

So should you keep your old vehicle, replace your car, or lease? The choice is yours, but we here at Empire Hyundai can help you out no matter what. Just call or stop by today.

Benefits of Buying a New Hyundai

Hyundai Santa Fe Lineup - buying a new Hyundai

If you’ve decided that it’s time to add a new car to your life and you want a Hyundai, you have made an excellent decision. After that decision, you then need to choose between buying used or new. While both choices have their merits, we’re going to share some of the numerous benefits of buying a new Hyundai.

One of the biggest advantages is buying a new Hyundai is that you can take full advantage of America’s Best Warranty. Every new Hyundai comes with three warranties. The first is a 10-year/100,000-mile Powertrain Limited Warranty. This is combined with a 7-year Anti-Perforation Warranty and a 5-year/60,000-mile New Vehicle Limited Warranty. And, if you purchase a new Hyundai hybrid, it also comes with a lifetime hybrid battery warranty.  In addition to the warranties, you’ll also be able to take advantage of the Hyundai Assurance program, which gives you things like Roadside Assistance, Car Care, & Connected Care!

Another benefit to buying new is the fact that, well, it is brand new! You can pick the exact model you want and add options to create the ideal car for you. You also don’t have to worry about the car’s history, any excessive wear and tear, or hidden damage.

New Hyundai cars come with the latest technology and safety features keeping you up-to-date with modern driving.

Stop by Empire Hyundai today and pick out your favorite new Hyundai. We think you’ll love all that it has to offer you.