Buy vs Lease near Baltimore, MD

Buy vs Lease near Baltimore, MD

Not sure whether you should buy or lease your next set of wheels? If so, Thompson Hyundai is here to lend a hand with your decision! Both paths have their own respective benefits, so choosing between them typically comes down to your own personal preferences. So, after learning more about how they work, reach out to our Finance Department to discuss your options in greater detail. We look forward to hearing from you!

Buying

Most of the time, drivers opt to finance automotive purchases with a loan. That way, instead having to cover the entire sticker price up front, you can make monthly installments over a period of time lasting anywhere from four to seven years. Although this means that you’ll also end up paying interest, you’ll eventually become the sole owner of the new or used vehicle you’ve been contributing to. Plus, you can drive it as much as you please, hand it down to your kids, or trade it in when you’re ready for something different. Just remember that an aging ride will typically cost you more in maintenance and repairs.

Leasing 

On the other end of the spectrum, we have leasing. With a plan like this, you’ll essentially be borrowing a new Hyundai from us for two to four years, during which time you’ll just have to pay toward the model’s depreciation, resulting in more affordable monthly payments. Plus, when your agreement expires, you can lease another factory-fresh car to remain on the cutting edge of innovation. However, it’s important to remember that leases come with a yearly mileage allotment, which means you’ll have to watch how much you ground you cover. Furthermore, you won’t end up owning the vehicle when it’s over, so you’ll always have a car payment unless you buy it when your terms ends.

Which Is Right for Me?

As we mentioned, choosing between buying and leasing is a personal decision. However, if you’re seeking a long-term investment, then the former might be the better avenue to follow. This also applies if you have a long commute, wish to keep your car for many years, or want to avoid having a monthly installment in the future. On the other hand, if you like changing things up and driving the latest models on the market, then leasing makes a lot of sense. Additionally, you might want to consider a lease if you only need your own set of wheels for a short period of time or aren’t quite sure which Hyundai you wish to commit to and want to try one out before making a final decision.

Thompson Hyundai can help you out if you’re still trying to decide whether to buy vs lease near Baltimore, MD. After chatting with our team over the phone, swing by the showroom at 1000 Merritt Blvd. in Dundalk, MD, to see our vast selection for yourself!

We Make Buying and Leasing Easy!

Sales Hours

(410) 343-4619

Dealership Information

Testimonials

Great service. From sales to finance it was quick and

jessriley331
DEALERRATER
1-27-2022
Full Star Full Star Full Star Full Star Full Star

Great service. From sales to finance it was quick and easy. Highly recommend Thompson Hyundai

This was a very pleasant experience. Purchasing a new

carysonneborn
DEALERRATER
1-27-2022
Full Star Full Star Full Star Full Star Full Star

This was a very pleasant experience. Purchasing a new automobile for the first time went very smoothly. Sales and finance were very personable and easy to work with.

Absolutely a wonderful experience purchasing my new 2022

potamous797
DEALERRATER
1-26-2022
Full Star Full Star Full Star Full Star Full Star

Absolutely a wonderful experience purchasing my new 2022 Hyundai Tucson Hybrid. The vehicle even came in early, and I was contacted right away to make the appointment to pick up my new Tucson. The vehicle

Absolutely a wonderful experience purchasing my new 2022...

potamous797 on DealerRater
CARS
1-26-2022
Full Star Full Star Full Star Full Star Full Star

Absolutely a wonderful experience purchasing my new 2022 Hyundai Tucson Hybrid. The vehicle even came in early, and I was contacted right away to make the appointment to pick up my new Tucson. The vehicle was more then I expected and I am ecstatic about the way the vehicle drives.

McGee Mouse
McGee Mouse
GOOGLE
1-25-2022
Full Star Full Star Full Star Full Star Full Star

I've been taking my car to them for over a year now (2021). Everything between oil changes to cabin filter to replacing tires and alignments. The customer service has been phenomenal and I appreciate the quick turn around. 👏 10/10 Recommend

Lachu Chimoriya
Lachu Chimoriya
GOOGLE
1-24-2022
Full Star Full Star Full Star Full Star Full Star

Everything prefect. All staff are friendly. 100 percent prefect

P'chezNCreme' Johnson
P'chezNCreme' Johnson
GOOGLE
1-22-2022
Full Star Full Star Full Star Full Star Full Star
Ida Bailey-Jones
Ida Bailey-Jones
GOOGLE
1-22-2022
Full Star Full Star Full Star Full Star Full Star
Richard Sauter
Richard Sauter
GOOGLE
1-22-2022
Full Star Full Star Full Star Full Star Full Star

Great Experience getting a new car at Thompson Hyundai. I was in the market for a new small SUV and looked on-line for a Hyundai Tuscon XLE AWD. Many dealerships listed vehicle inventory on their website but when you call to confirm if the vehicle is in stock you are told it has been sold or it is incoming inventory that has been pre-sold. After calling several dealerships with no luck, I called Thompson Hyundai and spoke with Bob. The car I was looking for was in stock and for sale. It took just a few phone calls and emails and we set up an appointment for me to purchase the car. The car purchase went perfect. Bob had the vehicle ready at the appointed time and it was clean, gassed-up and had the temp tag on it. Paperwork took less than 30 minutes, and I was on my way. No hassle, no problems, great sale. Bob, you did a great job. Thank-you.

A
A
GOOGLE
1-22-2022
Full Star Full Star Full Star Full Star Full Star

We had a great, great experience buying a new car through Mitchell. He was helpful and communicative. Getting a new car nowadays is difficult but he found exactly what we wanted. I’d recommend going to this dealership over others in the DMV area.

Ms K Stevens
Ms K Stevens
GOOGLE
1-20-2022
Full Star Full Star Full Star Full Star Empty Star
Lynnette Harlee
Lynnette Harlee
GOOGLE
1-20-2022
Full Star Full Star Full Star Full Star Full Star

Overall was a great experience. Was able to get...

danemowery on DealerRater
CARS
1-19-2022
Full Star Full Star Full Star Full Star Full Star

Overall was a great experience. Was able to get everything sorted fairly quickly and got a good price.

Overall was a great experience. Was able to get

danemowery
DEALERRATER
1-19-2022
Full Star Full Star Full Star Full Star Full Star

Overall was a great experience. Was able to get everything sorted fairly quickly and got a good price.

Every things is prefect. Dealing is good. All employees...

CHIMORIYALACHU on DealerRater
CARS
1-18-2022
Full Star Full Star Full Star Full Star Full Star

Every things is prefect. Dealing is good. All employees are friendly. I’m satisfy . Thanks,,,,

Gary was great from start to finish. He found me the car

alee21
DEALERRATER
1-18-2022
Full Star Full Star Full Star Full Star Full Star

Gary was great from start to finish. He found me the car I wanted and had it ready for me to minimalize the time I was in the dealership. I really appreciate his help through this process!

Every things is prefect. Dealing is good. All employees

CHIMORIYALACHU
DEALERRATER
1-18-2022
Full Star Full Star Full Star Full Star Full Star

Every things is prefect. Dealing is good. All employees are friendly. I’m satisfy . Thanks,,,,

Gary was great from start to finish. He found me the car...

alee21 on DealerRater
CARS
1-18-2022
Full Star Full Star Full Star Full Star Full Star

Gary was great from start to finish. He found me the car I wanted and had it ready for me to minimalize the time I was in the dealership. I really appreciate his help through this process!

David Fant
David Fant
GOOGLE
1-18-2022
Full Star Full Star Full Star Full Star Full Star

They were quite friendly and helpful and offered us a...

wcp on DealerRater
CARS
1-17-2022
Full Star Full Star Full Star Full Star Full Star

They were quite friendly and helpful and offered us a fair price at a time when buying a car is quite difficult. Everything went smoothly, and I would recommend them to anyone.

They were quite friendly and helpful and offered us a

wcp
DEALERRATER
1-17-2022
Full Star Full Star Full Star Full Star Full Star

They were quite friendly and helpful and offered us a fair price at a time when buying a car is quite difficult. Everything went smoothly, and I would recommend them to anyone.

This dealership was extremely helpful. We were able to

arosebatterman
DEALERRATER
1-14-2022
Full Star Full Star Full Star Full Star Full Star

This dealership was extremely helpful. We were able to lease our car easily and they stuck to the prices we were given on the phone.

This dealership was extremely helpful. We were able to...

arosebatterman on DealerRater
CARS
1-14-2022
Full Star Full Star Full Star Full Star Full Star

This dealership was extremely helpful. We were able to lease our car easily and they stuck to the prices we were given on the phone.

this was the fastest deal i have ever had at

purpletanz1968
DEALERRATER
1-12-2025
Full Star Full Star Full Star Full Star Full Star

this was the fastest deal i have ever had at dealership......straight forward no bs.....started w/Betty we text back and forth so many times felt like she was family...answered me everytime.....

this was the fastest deal i have ever had at...

purpletanz1968 on DealerRater
CARS
1-12-2025
Full Star Full Star Full Star Full Star Full Star

this was the fastest deal i have ever had at dealership......straight forward no bs.....started w/Betty we text back and forth so many times felt like she was family...answered me everytime......she put me in touch w/Sam who was just as great went over everything bout the car.....

Gary was personable and made the car buying process

Mzenvy07
DEALERRATER
1-9-2025
Full Star Full Star Full Star Full Star Full Star

Gary was personable and made the car buying process pretty easy! It was my first time and I would def recommend him to anyone not interested in spending all day in the dealers!

Derrick Mitchell
Derrick Mitchell
GOOGLE
1-9-2025
Full Star Full Star Full Star Full Star Full Star

Gary was personable and made the car buying process...

Mzenvy07 on DealerRater
CARS
1-9-2025
Full Star Full Star Full Star Full Star Full Star

Gary was personable and made the car buying process pretty easy! It was my first time and I would def recommend him to anyone not interested in spending all day in the dealers!

Brandon W
Brandon W
GOOGLE
1-9-2025
Full Star Full Star Full Star Full Star Full Star

I could not have had a smoother experience. The Thompson sales staff went above and beyond to help me secure the specific vehicle I wanted on very short notice. The sales and finance personnel were kind, welcoming, and answered all of my questions with enthusiasm. Thank you for everything!

Very nice experience! Everything went very smooth! Gary...

Kimberpucci on DealerRater
CARS
1-7-2025
Full Star Full Star Full Star Full Star Full Star

Very nice experience! Everything went very smooth! Gary went above and beyond! Car was detailed and Gary even put existing tags on for me two days later, when I picked up the updated registration.

Very nice experience! Everything went very smooth! Gary

Kimberpucci
DEALERRATER
1-7-2025
Full Star Full Star Full Star Full Star Full Star

Very nice experience! Everything went very smooth! Gary went above and beyond! Car was detailed and Gary even put existing tags on for me two days later, when I picked up the updated registration.

This is the second vehicle we have purchased from

matthew_mcglynn
DEALERRATER
1-5-2025
Full Star Full Star Full Star Full Star Empty Star

This is the second vehicle we have purchased from Thompson and the 5th Hyundai overall. It's always a good experience at Thompson with purchasing and getting work done on our vehicles.

This is the second vehicle we have purchased from...

matthew_mcglynn on DealerRater
CARS
1-5-2025
Full Star Full Star Full Star Full Star Empty Star

This is the second vehicle we have purchased from Thompson and the 5th Hyundai overall. It's always a good experience at Thompson with purchasing and getting work done on our vehicles.

Environment was clean friendly welcoming staff was super

sgreen5693
DEALERRATER
1-4-2025
Full Star Full Star Full Star Full Star Full Star

Environment was clean friendly welcoming staff was super nice all around they do their best to work with you such a fantastic team

Environment was clean friendly welcoming staff was super...

sgreen5693 on DealerRater
CARS
1-4-2025
Full Star Full Star Full Star Full Star Full Star

Environment was clean friendly welcoming staff was super nice all around they do their best to work with you such a fantastic team

Everyone was nice and knew what they were talking about.

EMILIE WHEELER
DEALERRATER
12-31-2021
Full Star Full Star Full Star Full Star Full Star

Everyone was nice and knew what they were talking about. They answered all my questions.

Everyone was nice and knew what they were talking about....

EMILIE WHEELER on DealerRater
CARS
12-31-2021
Full Star Full Star Full Star Full Star Full Star

Everyone was nice and knew what they were talking about. They answered all my questions.

Brenda Mason
Brenda Mason
GOOGLE
12-28-2021
Full Star Full Star Full Star Full Star Full Star

Everyone in the dealership is professional and my...

woor86 on DealerRater
CARS
12-27-2021
Full Star Full Star Full Star Full Star Full Star

Everyone in the dealership is professional and my experience during the buying process was excellent

Everyone in the dealership is professional and my

woor86
DEALERRATER
12-27-2021
Full Star Full Star Full Star Full Star Full Star

Everyone in the dealership is professional and my experience during the buying process was excellent

Sam did a wonderful job . He was very polite and very

JAMERIADOW
DEALERRATER
12-23-2021
Full Star Full Star Full Star Full Star Full Star

Sam did a wonderful job . He was very polite and very good at helping me find and get what i wanted .

Carolyn Lilly
Carolyn Lilly
GOOGLE
12-23-2021
Full Star Full Star Full Star Full Star Full Star

The staff was very friendly & polite. I had a question concerning a vehicle I just purchased 5 months ago, they were very helpful.

Sam did a wonderful job . He was very polite and very...

JAMERIADOW on DealerRater
CARS
12-23-2021
Full Star Full Star Full Star Full Star Full Star

Sam did a wonderful job . He was very polite and very good at helping me find and get what i wanted .

very pleased with staff assistance in purchasing

MELRAYSCHERER1103
DEALERRATER
12-21-2021
Full Star Full Star Full Star Full Star Full Star

very pleased with staff assistance in purchasing vehicle.Will refer someone to dealership.Love my new vehicle.

Ms. Betty Jo, Chris, & Ed were awesome. They worked with...

jacksontimea on DealerRater
CARS
12-21-2021
Full Star Full Star Full Star Full Star Full Star

Ms. Betty Jo, Chris, & Ed were awesome. They worked with me to get me into my new truck. I ended up paying way more than I expected but I was able to drive off the lot that night. Very help & patient. They broke down everything for me. Happy Holidays you all. Thank you so much I love my new truck 🤩

very pleased with staff assistance in purchasing...

MELRAYSCHERER1103 on DealerRater
CARS
12-21-2021
Full Star Full Star Full Star Full Star Full Star

very pleased with staff assistance in purchasing vehicle.Will refer someone to dealership.Love my new vehicle.

Staff are helpful and friendly. Easy to work with and

luiscostunacastro
DEALERRATER
12-21-2021
Full Star Full Star Full Star Full Star Full Star

Staff are helpful and friendly. Easy to work with and straight forward…kuddos to Mr. Sam Gibson and the finance department.

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