Should I buy or lease a new Kia?' Here are some things to consider!

At Liberty Kia we have a great selection of new Kia models, and when you choose to take one back to your home -  perhaps in Spring Valley NY or Fair Lawn NJ - you get to decide whether you want to buy or lease. On this page, we'll break down the upsides and caveats to each style of ownership.

Mileage Restrictions

The most important thing to keep in mind if you're deciding to lease a vehicle is the mileage restrictions. When you lease you typically have a limit of 12,000-miles/year or 36,000-miles/total. If you go over the allotted amount, you can get hit with costly overage charges!

Now, if you commute in from Mahwah to Ramsey NJ for work, the trip will probably be well under 10-miles, meaning you won't put a lot on your odometer. On the flip side, if you have a big commute, travel a lot for work, or regularly visit family who lives far away, you might find the limitations too restrictive.

Short-Term Price

Let's say mileage isn't an issue for you and you can choose to either buy or lease. When you lease a vehicle, you have a lower monthly payment since you'll only have the vehicle for a few years, typically three. With buying you have a higher payment (sometimes nearly double the cost of a lease payment), and you will be paying down the entire amount. If you have a tight budget or simply want to save money, leasing can be a more attractive option. It's a good way to get new vehicle, work on your credit score, and not break the bank.

Long-Term Price

You've probably figured out that if you get into lease cycle after lease cycle, there will come a time where you've paid more than someone who has bought. If you are keen on being debt-free in the future, it is worthwhile - if the budget allows - to make larger payments for five or six years and then be payment-free. After you've paid off your vehicle, you can put that money into savings, towards a renovation project on your Chestnut Ridge NY home, or you can start saving up for your next vehicle!

Personal Ownership Habits

Another thing to keep in mind when you're deciding to buy or lease is your personal ownership habits. What do we mean by that? Okay, think of it this way. Are you someone that has held onto your smartphone because 'it still works!' even though it's old and the camera isn't the best or are you someone that is always in line for the newest iPhone?

Neither is better or worse, but if you're someone who likes the latest and greatest then you'll probably love leasing because you get a new vehicle every few years. On the other hand, if having the newest thing isn't important, you'll likely prefer paying off that vehicle and driving it for ages, even if some of the things become dated.

Another important thing to keep in mind is that when you buy a vehicle you can customize it however you want, sell it, or even pass it down to a child. With a lease, there are restrictions on the parts and accessories you can add, and it must go back to the dealership.


Some people like vehicle's that are jampacked with features, but the more amenities you have, the higher the price tag. Since leasing costs less per month than buying, the short-term "ownership" route can be a way to get into a higher-level vehicle that you might not be able to afford if you were buying.

Service Needs

Last, but not least, we'll touch on service and maintenance. Unlike luxury vehicles that are pricey to maintain, Kia repairs shouldn't break the bank, but they still come with a price tag. When you lease a vehicle it's in the agreement that you must keep up with the service schedule, though the services needed during the first three years of having a car are simple. Once the car gets older, the updates and necessary repairs start to get more expensive. If you want to avoid the potential headache of an older car, go with leasing!

These are just a few things to consider as you're trying to decide if buying or leasing is right for you. If you're still on the fence you can come into our dealership to meet with our finance team to go over the options and ask us questions. We want you to be confident with your vehicle purchase, and we'll help you make the best choice!

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Privacy Statement

As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

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We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

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