Many of our customers here at DCH Honda of Mission Valley often ask our team whether it's better for a driver to buy or lease a new Honda model. As such, we felt it necessary to provide a breakdown of the benefits of both. That way, you can personally determine which option is more suitable for you!
Buying a New Honda Model
By choosing to buy a new Honda model, you're essentially claiming sole ownership over it. Though you're expected to place a down payment and pay a higher monthly rate, the cost is finite in the grand scheme of things. In other words, once you complete your purchase, the model is your property to do as you please. You can upgrade and accessorize it however you like to personalize it according to your own tastes.
Leasing a New Honda Model
By choosing to lease a new Honda model, you're effectively borrowing it. While the down payment and monthly rates are typically lower, you must abide by certain standard set by the dealer or be subject to additional fees. For instance, most leased cars must maintain a low mileage count. However, the benefit of a lease is that you get to drive a brand new option for a more affordable price, and if you find that you want to try something different, you can change your leased model in a few years.
Speak with Our Financiers to Learn More
The truth is that there is no simple answer because buying and leasing have their fair share of pros and cons. What matters is to take your personal needs into consideration. Do you know the model that you want to keep, or are you unsure and prefer to test out different options? You should ask yourself these types of questions when deciding which route to take. Of course, coming to a conclusion is much easier with the help of a trained individual. So for more help in understanding the differences between the two, we advise you to contact us online or visit our Finance Center in San Diego, California, today.
