Pohanka Hyundai of Capitol Heights

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Sales: 240-788-4231 Service: 240-788-4240 Parts: 240-788-4249
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Why Is Car Leasing Cheaper than Buying?

Why Is Car Leasing Cheaper than Buying?

There’s a good chance that you’ve seen leasing advertisements on TV, in the newspaper, or on billboards. These plans are always promoted as coming with payments that are less expensive than what you would pay by financing a purchase, but how exactly does this work? Thankfully, Pohanka Hyundai of Capitol Heights is here to break it down and give you some more information. That way, you’ll have an easier time deciding if leasing makes sense for your situation.

How Does a Car Lease Work?

If you’re new to leasing, then you’re probably wondering how this type of contract works. Unlike a traditional financing agreement that involves paying off a given vehicle’s entire sticker price over a certain time period in order to own it, leasing involves taking possession of a new ride temporarily. Your contract is based upon a number of factors, including how many miles you drive over the course of a year and how many years you’d like to behind the wheel. Many customers choose this type of plan due to the greater degree of flexibility over a standard car loan, but what makes such a contract less expensive than buying?

Determining Your Payment

As we mentioned before, leasing grants you temporary ownership of a vehicle. This means that instead of paying off the full sticker price, you’re just on the hook for covering your ride’s depreciated value. This amount is calculated by our experts by accounting for a variety of factors that determine how much of its initial value a given set of wheels will lose while it’s in your possession. Since you’ll be returning the car to us once your lease is up, you’ll only end up paying for a fraction of the overall price. In addition, we also take the number of miles you’ll accumulate into account, as the more driving you do, the more you’ll need to pay each month.

Is Leasing Right for Me?

Now that you know why leasing is less expensive than buying, you’ll need to decide whether or not this type of contract makes sense for your budget and lifestyle. For instance, if you have a long commute or take several extended road trips each year, then you might want to go with a traditional financing agreement. However, those who do mostly local driving might find leasing to be quite advantageous. In addition, if you have your heart set on a brand-new vehicle but have limited funds, then leasing might just be the solution you need to finally get behind the wheel without breaking the bank.

So, why is car leasing cheaper than buying? Essentially, it all comes down to the fact that you’ll only be in possession of your ride for a few years before returning it to us. For more information, contact Pohanka Hyundai of Capitol Heights at 240-767-6826!


Apply for a Lease Today!

Contact Information


Sales Hours

240-788-4231
Monday 9:00 am - 9:00 pm
Tuesday 9:00 am - 9:00 pm
Wednesday 9:00 am - 9:00 pm
Thursday 9:00 am - 9:00 pm
Friday 9:00 am - 9:00 pm
Saturday 9:00 am - 7:00 pm
Sunday 11:00 am - 5:00 pm

Dealership Information

Testimonials

Mr H
Mr H
GOOGLE
11-15-2019
Full Star Full Star Full Star Full Star Full Star
Ali Wurie
Ali Wurie
GOOGLE
11-12-2019
Full Star Full Star Full Star Full Star Full Star

The Best Customer Service

Thebtyful1
CARS
11-12-2019
Full Star Full Star Full Star Full Star Full Star

The young Lady Kennedy greeted me as soon as I parked, she was not pushy at all she pointed me in the direction of what I was looking for and told me she'll be near if I needed her, her demeanor was so pleasant until I asked her to show me around. Even tho I could'nt find what I wanted she still offered as much as she could and I vowed to go back to see her!

Emily Williams
Emily Williams
GOOGLE
11-12-2019
Full Star Full Star Full Star Empty Star Empty Star
dale robertson
dale robertson
GOOGLE
11-9-2019
Full Star Full Star Full Star Full Star Full Star
Andrea Jones
Andrea Jones
GOOGLE
11-8-2019
Full Star Full Star Full Star Full Star Full Star

Excellent service!

Ed Evanoski
Ed Evanoski
GOOGLE
11-5-2019
Full Star Full Star Full Star Full Star Full Star

Joan H.

Joan H.
CARS
11-4-2019
Full Star Full Star Full Star Full Star Full Star

Mr.Charles Bevins was my sales person. He worked diligently with me and his co-workers to get me the best deal. They were very patient with me. I am enjoying my car.

Erica Belton
Erica Belton
GOOGLE
11-4-2019
Full Star Full Star Full Star Full Star Full Star

Always the best service!!!!😊

Yady
Yady
GOOGLE
10-30-2019
Full Star Full Star Full Star Full Star Empty Star

Very convenient location now for my oil changes.

Janae Holt
Janae Holt
GOOGLE
10-27-2019
Full Star Full Star Full Star Full Star Full Star
Nir Horev
Nir Horev
GOOGLE
10-23-2019
Full Star Full Star Full Star Full Star Full Star

Tim Williams and his team were amazing to work with. We came from Virginia Beach for the Ioniq EV (not available in our area) and received a 5 star treatment. Tim, Kayla and Deshaun were so professional and friendly. We got a great deal with superior customer service. When its time for our next vehicle purchase, will definitely go back.

Julius Esguerra
Julius Esguerra
GOOGLE
10-23-2019
Full Star Full Star Full Star Full Star Full Star

Pohanka Hyundai provided great customer service. DaShawn Dorsey was our sales representative and he answered our questions promptly and professionally. He was very accommodating to our schedule considering we had to travel from Baltimore. I would recommend this dealership to our friends.

Don Seide
Don Seide
GOOGLE
10-8-2019
Full Star Full Star Full Star Full Star Empty Star
Keke Bailey
Keke Bailey
GOOGLE
10-4-2019
Full Star Full Star Full Star Full Star Full Star
Jevon Thrasher
Jevon Thrasher
GOOGLE
9-14-2019
Full Star Full Star Full Star Full Star Full Star

Great 👍

Joseph Barnes
Joseph Barnes
GOOGLE
9-14-2019
Full Star Full Star Full Star Full Star Full Star

Excellent experience every visit!

Darold Watson
Darold Watson
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star

It was a very nice visit, at this dealership I wish I had gotten my vehicle from here,thank you for your service...mr D.watson

Marisa B
Marisa B
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
Donita Gaskins
Donita Gaskins
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
mark womack
mark womack
GOOGLE
9-5-2019
Full Star Full Star Full Star Empty Star Empty Star
Joyetta Delaney
Joyetta Delaney
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
Herbo Montgomery
Herbo Montgomery
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
Ope Yemi
Ope Yemi
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
Adelaide Golden
Adelaide Golden
GOOGLE
9-5-2019
Full Star Full Star Full Star Empty Star Empty Star
Chasity Dorsey
Chasity Dorsey
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star
Kim Simpson
Kim Simpson
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star

Everyone is always so kind and they have alway taking good care of me an my car..i love the customer service dept. Pohanka at Richie station is the best.

Aderemi Olojede
Aderemi Olojede
GOOGLE
9-5-2019
Full Star Full Star Full Star Full Star Full Star

Best place ever. Robert at the service department made my day, he is professional. He made my vehicle services memorable and and I surely come back.

S G.
YELP
8-29-2019
Full Star Full Star Full Star Full Star Full Star

My service was phenomenal! I came into Pohanka for a quick service on my Hyundai Elantra. There was something snagging on my tire. Not only did John help me right away, he and his team fixed the issue and washed my car! I was on my way in no time. The staff is very professional. I will definitely visit again. Thanks John!

Antoine Davis
Antoine Davis
GOOGLE
8-20-2019
Full Star Full Star Full Star Full Star Full Star
Chavonne Green
Chavonne Green
GOOGLE
8-17-2019
Full Star Full Star Full Star Full Star Full Star
BOOM BLACKA
BOOM BLACKA
GOOGLE
8-12-2019
Full Star Full Star Full Star Full Star Full Star

WoW! Great selection of cars

Octavia Carlos
Octavia Carlos
GOOGLE
8-8-2019
Full Star Full Star Full Star Full Star Full Star
Ashton M.
Ashton M.
YELP
8-2-2019
Full Star Full Star Full Star Full Star Full Star

All I can say is THANK YOU!!!!! Michael Webb, Shana Paden, and Joann Nolta are the absolute best!!! I walked in needing a car and walked out with a new 2019 Sonata!! The process was amazing and you cannot beat the warranty. I am now telling all of my friends and family if you are thinking about getting a new car only go to Pohanka Hyundai and visit the dream team!!!

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