Outside of determining which Honda car or SUV you wish to purchase, one of the biggest decisions that you will make at Hall Honda Virginia Beach is whether to lease or buy a Honda car. Either way, you will be working with the experienced professionals at Honda Financial Services, who will tell you that your buy versus lease decision will come down to a variety of different factors. Here is a guide to whether you should buy or lease a Honda car.
When to Buy a Honda Car
The biggest advantage of buying a Honda car is that you eventually own the car outright. Having equity in a vehicle is something many drivers aspire toward, as it allows you to do what you wish with the car.
You can sell it whenever you want to, you can make modifications and add Honda parts, and you can drive as far as you want without mileage limits.
When to Lease a Honda Car
On the other hand, leasing is a better choice for certain Virginia Beach drivers. The biggest advantage of leasing for many people is the lower monthly payments that go along with a lease.
Because lease terms are short, typically ranging from 24 to 36 months, leasing also allows you to drive the newest Honda cars when they first hit our lot. During a lease, you drive a car during its most trouble-free years, which means your Honda service costs will be lower.
A downside of leasing for some drivers is that leases have a yearly mileage limit, typically from 12,000 to 15,000 miles. After you hit this limit, you will be charged per mile, making buying a better option for people who have long daily commutes or take frequent road trips.
Whether buying or leasing a Honda car is right for you, get behind the wheel right here at Hall Honda Virginia Beach.
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