Honda Vehicles: Buy or Lease?
Should You Buy or Lease Your Next Honda?
Deciding whether to buy or lease your next vehicle doesn’t have a one-size-fits-all answer. The right choice depends entirely on your lifestyle, driving habits, and financial goals. Before making your decision, take the time to consider what you value most, such as flexibility, ownership, or long-term savings.
Understanding the Difference Between Buying and Leasing
The key distinction comes down to ownership. When you lease a vehicle, you’re essentially paying for the use of that vehicle for a set period. At the end of your lease term, you’ll typically have the option to return the vehicle, extend your lease, or purchase it outright under your lease agreement. When you buy a vehicle, it’s yours from the day you sign the papers. You can keep it as long as you’d like, drive as many miles as you wish, and customize it however you choose.
Reasons to Lease a New Honda
Leasing may be the right choice if you prefer:
- Lower monthly payments
- Driving a new vehicle every few years
- The ability to return the vehicle at the end of the term
- No long-term financial risk tied to the vehicle’s future value
- The flexibility to terminate or renew your lease based on your needs
Reasons to Buy a New Honda
Purchasing might be the better fit if you value:
- Full ownership and long-term savings
- No restrictions on mileage
- Freedom from lease-end charges for wear and tear
- The ability to modify or personalize your vehicle as you wish
Keep in mind that with ownership, factors such as high mileage and wear-and-tear damage can affect your vehicle’s resale or trade-in value, which is not typically a concern for lease customers.
Explore Current Lease Offers at Asheboro Honda
At Asheboro Honda, we’re proud to offer exceptional lease specials on popular models, including:
- Honda Accord LX
- Honda Civic LX
- Honda Fit LX
- Honda HR-V LX
- Honda Pilot EX
- Honda Odyssey EX
- And more!
Contact Asheboro Honda Today
If you’d like to learn more about financing or leasing, check out our Guide to Financing & Leasing a New Honda. When you’re ready to explore your options or schedule a test drive, contact Asheboro Honda today, and our team will help you find the perfect vehicle and payment plan for your lifestyle.