Asking the question of whether you should buy or lease has no correct answer. It depends on your preferences and needs, so this decision must be made on a personal basis. It?s important that you take time to consider what you want out of a new vehicle, as well as what makes the most financial sense for you.

So, let?s first review the basic difference of owning or leasing a vehicle. When you lease a vehicle, you do not own it. There are terms, conditions, and an end-of-lease agreement that often includes the option to purchase. When you buy a vehicle, it?s yours for as long as you want to keep it and do with it as you please from the day you sign the papers.

There are other factors worth your consideration ?

Lease a new Honda model if you would like:

• A lower monthly payment
• The ability to return the vehicle at the end of the agreement
• The option to terminate your agreement early
• No financial effect from future value of the vehicle

You, however, may be interested in buying a new Honda because:

• There are fewer up-front costs.
• There is the freedom to drive unlimited miles.
• The wear and tear has no immediate costs.
• The ability to fully modify and customize if a purchase privilege.

One last note about buying a vehicle: high mileage and wear-and-tear damage affect its value when you go to trade it in or resell it, which are two factors that you wouldn?t have to worry about with a lease.

Asheboro Honda Boasts Great Lease Specials

You can take advantage of incredible lease specials that often include the following models:

• Honda Accord LX
• Honda Civic LX
• Honda Fit LX
• Honda HR-V LX
• Honda Pilot EX
• Honda Odyssey EX
• And more!

When the time comes that you would like more information about leasing and buying, or you?re ready for a test drive, contact us today at Asheboro Honda!