Monthly lease payments are more often than not lower than monthly loan payments from financing due to the fact that lessees are responsible for the use of the car, not the entire vehicle. Often, you can lease an Honda with little to zero money down, so you will save in out-of-pocket expense from the get-go.
If you enjoy upgrading your vehicle to the newest model every couple of years, leasing is the right choice for you. If having the most recent technology or safety (or styles or trends) is important to you, leasing is the way to go.
When you lease a vehicle, you have a variety of choices upon lease-end. You may decide to lease another Honda, or purchase the one you've been leasing at a lower, no-hassle, pre-determined price. Deciding on whether or not to make a change? You can turn a leased car in and walk away at lease-end. You won't have the hassle of selling or trading in your old vehicle (probably for less than you owe on it), you can deal with a simple process that allows you to drive a newer vehicle every few years.
Usually, people lease a car for the duration of the manufacturer's warranty. If repairs occur during that time, they're generally covered by the warranty- and Honda has many great warranties.
Have the choice to change your vehicle every few years, with lower monthly payments than a loan. Stop in for great rates in Greensboro, Durham, Fayetteville, Raleigh, Winston-Salem and North Carolina.
Leases and vehicle loans are just two methods of vehicle financing. One finances the use of a automobile, and the other finances the purchase of it. There are advantages and disadvantages to both. Whether one or the other is the right choice for you depends entirely on your situation.
At the close of your loan, you own your vehicle with no more payments to worry about. You can keep your Honda for as long as you want!
Drive your automobile for as many miles as you want with no penalties- if you drive your vehicle more than 12,000 - 15,000 miles in a year, buying will work better for you.
If you like to customize, modify, or repaint your car, buying a Honda needs to be your choice.
Do you usually to get emotionally attached to your vehicles? You might want a purchase to avoid the separation anxiety.
When you buy a car, you have the benefit of a trade-in or resale value. However, since a vehicle is a depreciating asset, you might find yourself a bit upside down if you choose to trade unless your loan has ended.