Buy vs Lease

Buying a Car 101

Are you and your growing family settling into a new home in the area? Do you want a car you can customize to your liking? Have you always dreamed of handing down your prized truck to your child one day? If you’ve thought about either of those, buying may be your best option!

If you choose to buy a new or used Honda vehicle, you can pay for it out of pocket or through an auto loan, whichever is the most comfortable option for you. A member of our financial team can walk you through the buying process if you have any additional questions.

Benefits of Buying New

New cars are exciting! Not only do they come with all the bells and whistles you want, but they also provide these benefits:

• Made to Order. You can build the car to your liking.
• Safety. As technology expands, newer model vehicles will offer more standard safety features you may want.
• Fuel Efficiency. As the automotive industry progresses, cars are becoming more fuel efficient.
• Latest Tech. Looking for a high-tech infotainment system or a standard moonroof? A new car may be your best bet!

Benefits of Buying Used

When buying a car from our Honda dealer, you can also check out our lineup of used and certified pre-owned (CPO) vehicles. Although pre-owned, these vehicles come with many perks also:

• Lower Price
• More Variety
• Access to Retired Models
• Less Depreciation

Leasing Essentials

Your other financial option when looking into a new car is leasing! Leases typically last between two and three years and are a great way to get a varied driving experience. Leasing is great for those who don’t drive too often or who live in the city. However, if you enjoy road trips or travel for work, leasing may not be the best option for you.

When leasing, you’ll have to draft up a lease agreement with your lessor. This document will include the following information:

• How much you’ll pay at the start of the lease
• What defines normal wear and tear
• Potential termination fees
• How many miles you can drive

Not sure if leasing is right for you? Here are some of its benefits:

• Lower monthly payments
• Covered by the manufacturer’s warranty
• Access to newer model cars for each lease
• Potentially free maintenance
• Ability to drive a higher trim level vehicle at a lower cost