Close Buy vs Lease in Elgin, IL
After you’ve decided on a dependable Kia model, it’s time to consider how you will pay for it. Are you interested in ownership? Or is a short-term commitment the right fit? Depending on your desires, buying or leasing may be the right choice. Read through this overview to learn more and then talk with our Finance Department here at Elgin Kia!
Buying
Financing a purchase is the most common route Elgin drivers take. With this method, you can potentially pay the full price up front or you may take out a loan and make monthly payments. If you enter into a loan contract, you’ll likely be on the hook for routine bills for the next four to seven years, though it depends on your particular agreement. However, after successfully completing these terms, the car will be entirely yours, so you can make modifications or sell it as you please. Since Kia vehicles tend to hold their value well, you’ll likely enjoy a strong resale price or trade-in value when you upgrade your car.
Leasing
Leasing is an alternative option to purchasing your next vehicle and allows you to drive to local destinations like Lords Park. You’ll be responsible for your Kia for a set period of time, after which you’ll be able to make a clean break. The terms typically last between two and four years. One of the advantages of this type of agreement is that the vehicle will stay under warranty for the duration of your contract, so you won’t have to worry about any unexpected repair fees. Once your lease ends, you can return the vehicle and start a new arrangement with a more recent model year. However, if you decide that ownership is the right path, you can always work out a financing plan with our team to buy the car currently in your possession for further travel along Route 20.
Determining Which Option Is Best
Whether you want to drive the Kia Sportage, Sorento, or Carnival Hybrid, you can choose either buying or leasing it. Purchasing has its draws—from long-term value to independent ownership with no monthly payments. However, you may consider leasing as well. Overall, leasing a Kia vehicle may be the right fit for those who plan to stay under the mileage stipulations and don’t want the commitment of ownership. If you’re confused about which option is right for you, we encourage you to speak with one of our Finance Department associates. Contact us today online or visit our dealership!
How Long Do Leasing Contracts Last?
- Most leasing contracts typically last between two and four years.
Dealership Information
Testimonials
Excellent Experience!
Great Job!
“ Miguel from service did a great job helping me with my sound ”
Good Experience!
“ Had an overall good experience considering that it's hard to have a good experience buying a car. Ryan Gleeson did a fantastic job listening, advocating, and NOT forcing a particular car on us. He wanted to ensure that we had the car we wanted at a price that was a win for both us and the dealer. Very likely that I'll call Ryan again when it's time for the next car. ”
Amazing!
“ My husband and I had an amazing experience buying a car with Sergio at Elgin Kia. He was so professional and respectful to us the entire time. He went above and beyond to meet our needs and gave us the best car buying experience! ”
Highly Recommended
“ Weck Kia completely changed my view of how miserable car buying usually is. From start to finish, they were transparent, honest, and genuinely focused on making the experience smooth and stress free instead of pressured or confusing. Oscar was unbelievable to work with and went above and beyond at every step, being knowledgeable, straightforward, and someone you instantly trust, which is rare in this industry. Leval was also very helpful and made sure everything was clear and handled properly throughout the process. If every dealership operated the way Weck Kia does, buying a car would actually be enjoyable, and I couldn’t recommend them more highly. ”
Great Experience!
“ Had a great experience at Elgin Kia. Ryan Gleeson was easy to work with. Wasn't pushy at all, actually bought the vehicle on my second trip there with no harassment from him while I took my time to decide. Knew the vehicle well and pointed out features that were new to me from previous models I owned. Defenitely will go back when I need some new wheels ”
Great Service!
“ Purchased a car with Kostya! Go see him, he takes good care of you. Even with bad credit, he goes out of his way to get you in something you’ll love. ”
Highly Recommended!
“ I had a great buying experience with my rep Kosta highly recommend this dealership. ”
I would gladly recommend this establishment
“ Purchase my car back in July from Jordy, he went above and beyond to ensure my needs were fully met. The dealership provided a genuinely welcoming and professional experience. Even in finance with Carly, she made everything as smooth as possible. I would gladly recommend this establishment. ”
Great Deal!
“ Worked with Sergio on getting a 2026 Kia k5. Best sales person around and gets you a great deal! ”
Very nice people
“ Had the best experience. Very nice people. Thanks to Jeremy for getting me set up and taking great care of everything. ”
Great Experience
“ Had a great experience with Ryan Gleeson at Elgin Kia. He was able to secure a vehicle from another state with our specific preferences for us within a few days. The whole transaction and buying experience were fantastic and we are very happy with our purchase. Thanks Ryan! ”
Love My Car!
“ Kostya help with my first car. ”
I will be bringing all my family to see Oscar when they are ready to purchase their new vehicles.
“ Everyone hates going to the dealership and for me car buying has always been a horrible experience. I kept getting the run around with most dealerships for the past couple months, but then I spoke to Oscar at Elgin KIA and I cannot emphasize enough on an amazing experience. We came into the dealership knowing what we wanted and Oscar was super helpful and did everything possible to give us the best price for what we were looking for. Not only was he straight forward and professional, he was transparent and knowledgeable. No hidden fees, no BS, and everything to make our experience easy and comfortable was accomplished. I will be bringing all my family to see Oscar when they are ready to purchase their new vehicles. ”
If you're in the market for a new Kia, don't hesitate to choose Elgin Kia!
“ Marcin was very efficient and easy to work with before the purchase, and Brock took great care of me during my visit to the dealership to finalize everything! The lease was agreed upon before I even stepped into the dealership which made the whole visit very easy and fast. I will definitely take up Brock on his offer to come by again to go over my new vehicle in a bit more detail since I was in a time crunch and couldn't spend as much time as I wanted to exploring and asking questions, but that was on me! If you're in the market for a new Kia, don't hesitate to choose Elgin Kia! I hope their service department will treat me just as well as Sales did if/when I need them ”
Dog people = good people. 10/10 recommend!
“ We went to 4 different dealerships to look at cars and WAG Elgin Kia was hands down the friendliest group. We didn’t feel overly pressured, we felt that our needs were listened to, and ultimately purchased a great vehicle from them. Joey was awesome- such a nice, friendly, honest guy to work with! Also, for you dog lovers- this dealership is for you. Their mascot/logo is the owner’s dog, we saw dog beds in offices, and shared dog pics with Joey. Dog people = good people. 10/10 recommend! ”
Exceeded my expectations! We love our new wolf grey K5 GT Line AWD!
“ From the start to finish, a great experience with Jeremy and Carly Weck in finance. We had Jeremy pulling up multiple vehicles, explaining features and options available. Test driving multiple vehicles, to find the perfect K5. The utmost professionalism was shown, by the staff. Carly Weck is a very friendly person, and explains the benefits, of the product's, to further protect your new Kia. Kyle Lindquist Service Manager, and his team will treat you like friends, and provide you with the best Kia service experience around! There is professionalism and a passion, for the Kia product, throughout the dealership! The dealership is stunning, inviting, modern and represents Kia's brand identity. Stay away from the Lion ”
I could not be more thrilled with my experience. Sheila and her team took such amazing care of me.
“ I could not be more thrilled with my experience. Sheila and her team took such amazing care of me. I have had experiences buying used cars where I have been more or less brushed aside since I wasn’t buying new. Not at Elgin Kia. Sheila was kind and caring and accommodating every step of the way. She wrapped everything up in a bow and even made sure my two young kids didn’t leave disappointed. You can’t lose here. ”
“ Excellent experience! We went in and gave Kostya what most would consider to be an unattainable ask, and he delivered. Would absolutely buy another vehicle from Elgin Kia. Their service department is excellent too! ”