Lease or Buy: What Should You Do?

 

Youll be making many decisions as you move through the car buying process including if you should lease or buy. There isnt a perfect answer to this question, as both options over different pros and cons. Many factors can affect the decision like your lifestyle, needs and preferences, personal tastes and priorities. Though the sales and financial experts at Heritage Honda Westminster are here to help. Our team will walk you through the advantages and disadvantages of leasing and buying to help you come to a well-informed decision.

Leasing a Honda Vehicle

Leasing is a great option for drivers who like to change vehicles frequently. Lease terms are generally around three years, so you have the option to change or upgrade your vehicle regularly. If you lease a vehicle, you may also have the opportunity to drive a car with more options and better features than you might otherwise be able to choose when financing or buying a car. Leasing usually means lower monthly down payments with littleor nodown payment and you avoid the initial depreciation hit associated with a new car purchase.

Buying a Honda Vehicle

One of the best advantages of buying a Honda vehicle is that vehicle is yours. You have the freedom to drive as often as you like, add custom Honda parts, and customize the car to your personal taste. Leases generally have clauses as to what you can and cant do with the vehicle, such as mileage clauses, so buying is a good idea if you are someone who drives frequently and likes being able to do what you please with your vehicle. Plus, you are able to build equity in the car, which will help you when you are ready to sell or trade it in.

When youre ready to buy or lease a new Honda car, you can trust the team at our Honda dealership serving Hampstead, MD to help you through every step of the process.

Categories: New Inventory, Finance