Lease vs Finance at Southwest Kia of Rockwall

Getting your hands on a new vehicle can be a daunting task. At Southwest Kia of Rockwall, we want to make it easy for you. Depending on your circumstances, leasing or financing a vehicle can offer different benefits. Let's explore the differences between leasing and financing a new Kia model from Southwest Kia of Rockwall.


For some drivers, leasing is a perfect option. Leasing is like renting a car but for a longer period of time.

  • Lease agreements typically last two to three years. Leasing means you do not intend to buy the vehicle but want to reap the benefits of having an car for a few years. If you're living in an area temporarily but need wheels, leasing is the ideal choice.

  • Your annual mileage will be predetermined, so factor in your daily driving before moving forward with the lease. A lower annual mileage number will lead to a lower monthly payment rate. A down payment is also customary to help offset the monthly payment rate of your lease.

  • Leasing allows drivers to enjoy the latest and greatest from the Kia brand. You can lease the most recent model year vehicles from our dealership. This means you have access to the most advanced technology and performance capabilities Kia has to offer.

  • Once your lease agreement comes to end, an inspection will take place. If you have incurred excessive wear-and-tear or mileage, you will likely be charged a fee, so be sure to take good care of your lease. After the inspection, you can return your lease and move on to a new Kia model to lease. Occasionally, a lease buyout is possible if you've grown particularly attached to your car. Otherwise, you're free to find a new ride depending on your situation.


Financing is a great option if you're aiming at car ownership. Financing allows you to pay your car off over time until you own it outright.

  • Finance agreements are determined based on your credit rating. Depending on your credit, you will have a different monthly payment and interest rate. A down payment helps to reduce your monthly payment rate. A down payment is typically a good percentage of the overall cost of the vehicle.

  • Finance agreements can last longer than lease agreements. In some cases up to seven or eight years. The longer your agreement, the lower your monthly rate. That being said, it isn't always financially advisable to take on debt long-term. If you work within your budget, it should be easy to find a reasonable monthly payment rate for a four-to-six-year finance agreement.

  • Financing is a great option for those interested in car ownership. If you have a stable housing and employment situation, and owning a car is a priority, this is a great option.

  • At the end of your finance agreement, your vehicle is yours. If you've kept your vehicle in good condition, you can potentially get another decade out of your car. Once it's time to move on, you can sell your used car and make some money back to go towards your new vehicle.

Which should I choose?

Leasing is great if you have some disposable income and you want all the perks of the latest model Kia for a few years. If you don't plan on sticking around your area, or always want the latest and greatest, leasing is a great way to go.

Financing is a good choice if you want to invest in a vehicle for your future. Especially if you have a stable living and employment situation. You'll be getting a Kia that you aim to keep for years to come.

Visit our Dealership

Southwest Kia of Rockwall is ready to help you hit the road. Fill out our finance application, so you can get the car you want that much faster. Then, discover the new Kia of your dreams in our new inventory.

  1. Southwest Kia of Rockwall

    1790 I-30 Frontage Road
    Rockwall, TX 75087

    • Sales: 469-314-2006
Loading Map...

Get in Touch

  • Contact our Sales Department at: 469-314-2006
  • Monday9:00AM-9:00PM
  • Tuesday9:00AM-9:00PM
  • Wednesday9:00AM-9:00PM
  • Thursday9:00AM-9:00PM
  • Friday9:00AM-9:00PM
  • Saturday9:00AM-9:00PM
  • SundayClosed