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It’s a question that’s been around since the modern car. Should I buy or lease my next vehicle? When it comes to answering that question, there is unfortunately no hard and fast answer. So, if you’re trying to decide whether you should finance or lease the 2020 Honda Accord, we’re here to help answer some questions.

While the 2020 Honda Accord price isn’t staggering, it can still play a factor in whether you ultimately decide to finance or lease. Both have pros, so let’s break each down a bit.

When you lease a car, you don’t actually own the vehicle. However, because you’re effectively making monthly payments to “borrow” the car for the contract period, your monthly costs are typically less than if you financed. When leasing, drivers must often keep the car up to a certain standard and can’t go over a specific mileage without incurring a penalty cost at the end of your lease.

So, why would you lease a 2020 Honda Accord instead of buy? Perhaps you want a new car every couple of years with the latest features. Leasing is one of the best and easiest ways to stay in a new-model vehicle. And, if you don’t drive a lot outside of the Virginia Beach, VA area, chances of you going over your miles are slim.

On the other hand, financing the 2020 Honda Accord also has pros. These include you owning your car, which means that you can upgrade or accessorize it how you please. There is also no mileage restriction, which is the standard in lease agreements. Not to mention, you get the chance to built equity.

When it comes to the 2020 Honda Accord, you can’t go wrong as long as you’re behind the wheel. Shop our selection of 2020 Honda models right from our site today and current Honda specials.

Categories: New Inventory