Should I Buy Or Lease My Honda
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).
Images are for illustration purposes only.
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 2024 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. For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-PHEV-label.shtml.
