Should I Buy Or Lease My Honda

Buying vs. Leasing Your Next Honda

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The decision to lease or finance a Honda depends on many factors, but most Honda Village customers make the decision based on monthly payments and how long they typically plan to drive their Honda.

In general, Honda Village customers who lease prefer to drive a new Honda every 2-3 years and appreciate making lower monthly payments. For certain Honda Village business customers there may also be additional tax advantages with leasing.

Honda Village customers who finance their Hondas tend to drive them for five to 10 years and appreciate driving without mileage limitations.

BENEFITS OF LEASING

A short-term lease makes it easy to drive a new car more frequently. Plus, if life changes demand a larger or smaller car in a few years, a lease can make it easier to plan and adapt.

One of the biggest advantages of a Honda lease is that it does not usually require a substantial  down payment.

If the finance period is the same, your monthly payments will generally be lower when leasing (vs. traditional financing) a Honda because your payments will be based on the Honda's estimated depreciation. (You are contracting to use a portion of the car's value, rather than buying the entire car).

Contracts can range from 24-60 months. Choose from 12,000 or 15,000 miles per year. Additional miles can be purchased at signing.

Even after your Honda lease is over at Honda Village, a Honda Leadership Leasing can still give you options. You can purchase the Honda for the guaranteed price, lease or purchase a new Honda, or simply return the Honda to Honda Village.

People who use a lease car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.

BENEFITS OF BUYING

If you typically keep your vehicle for five to 10 years, then traditional financing may be your best option. With our competitive rates and flexible terms, Honda Financial ServicesSM just may be your best choice in financing your new vehicle.

Payment by payment, your ownership equity may increase. And the longer you drive the vehicle after your contract is complete, the more value you derive from your investment.

This is important to consider if you drive more than 12,000 to 15,000 miles per year.

You can alter the interior or exterior to suit your taste (though your choices may affect the resale value).


Excellent leasing experience. An easy and smooth process with high-quality customer service. The staff is professional and friendly.

–Kevin S.


Answered all our questions and went above and beyond helping us get the cars we wanted. When it’s time for a new one this is the only place I will go to.

–Olivia K.


I had a great experience purchasing from this dealership. Made the car buying process smooth and easy. This is a standout dealership.

–Jozsef K.

Prices shown are manufacturer suggested retail prices only and do not include taxes, license, or doc fee. Manufacturer vehicle accessory costs, labor and installation vary. Please contact us with any questions.

**Based on 2021 EPA mileage estimates, reflecting new EPA fuel economy methods beginning with 2008 models. Use for comparison purposes only. Do not compare to models before 2008. Your actual mileage will vary, depending on how you drive and maintain your vehicle.

For EV Models, 132 city/105 highway/118 combined miles per gallon of gasoline-equivalent (MPGe) rating; 82 mile combined (city/highway) driving range rating (adjusted). Ratings determined by EPA. Use for comparison purposes only. Your MPGe and range will vary depending on driving conditions, how you drive and maintain your vehicle, lithium-ion battery age/condition, and other factors. For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-electric-label.shtml.

For 2014 Honda Accord Plug-In Hybrid, 115 combined miles per gallon of gasoline-equivalent (MPGe) electric rating; 47 city/46 highway/46 combined MPG gasoline only rating. 13 mile maximum EV mode driving range rating. 570 mile combined gas-electric driving range rating. Based on 2021 EPA mileage and driving range ratings. Use for comparison purposes only. Your MPGe/MPG and driving range will vary depending on driving conditions, how you drive and maintain your vehicle, lithium-ion battery age/condition, and other factors. For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-PHEV-label.shtml.

For 2014 Honda Accord Hybrid, 50 city/45 highway/47 combined mpg rating. Based on 2021 EPA mileage ratings. Use for comparison purposes only. Your mileage will vary depending on driving conditions, how you drive and maintain your vehicle, battery-pack age/condition, and other factors.