Hundreds of people visit Tom Scott Honda each year with their heart set on driving a new Honda model. However, when it comes time to decide whether to lease or purchase a model, we find that many are unfamiliar with the difference. That is why we want to inform prospective car buyers like you around Nampa, Idaho, about what is entailed with each so that you can choose the option that will benefit you the most.
A Brief Overview of Buying Vs. Leasing a New Honda Car
Buying — By opting to buy a new Honda car, you are thereby claiming ownership of it. In other words, you have sole possession of it after you complete your last payment. As the owner, you can not only modify it and drive it to your liking but can also sell or trade it at any time. Thus, there is a greater sense of freedom with this option.
Leasing — By opting to lease a new Honda car, you are more or less borrowing it for a time from the dealership. As such, you are required not only to maintain it in optimum condition but to keep it under a set mileage. The trade-off is lower monthly payments. In addition to savings, you will have the chance to swap out your model for another one when the contract ends.
Speak with a Financial Expert Today
Of course, there are still more pros and cons to weigh in order to determine whether buying or leasing a new Honda car is the better route for you. So if you need more extensive guidance, then we encourage you to come and chat with the financiers at Tom Scott Honda to learn more. They will support you in a way that will put your mind at ease and get you the best deal possible.
