There are key differences between buying and leasing your next new Honda model, but what are they? Here are some things to know.
Leasing: People who lease experience lower out-of-pocket costs since leasing often requires little or no down payment. There are no upfront sales taxes to pay either, and monthly payments also tend to be lower. A benefit is that the lessee gets to exchange their vehicle every few years. Leasing takes into account that drivers will never put themselves in an upside-down situation where they owe more than the vehicle is worth.
Buying: Buying a car comes with its benefits. Buyers look forward to owning their vehicle when they make the final payment. They can upgrade or sell their vehicle at any time. The insurance limits on their policy may also be typically lower than when leasing. There are no mileage restrictions when buying a vehicle either.
There are benefits to both buying and leasing. The best way to decide is to stop by our dealership and talk to a staff member who can help you make an informed decision.
