Buy Vs. Lease?
Let Ed Voyles Help You Find Out Which Option Is Right For You
If you’d like some guidance as to whether you should buy or lease your next Honda car, truck, van or SUV, you can speak with the finance specialists at our Honda dealership near Smyrna, GA. We’ll help you learn the Honda financing options and lease offers available on whatever Honda model you want to drive. Choosing whether to buy or lease can be tricky, but the Honda financing experts at Ed Voyles Honda can make the decision a bit easier!
Thinking of buying a new Honda from Ed Voyles Honda? Buying is great for those who have long commutes or drive often, as there are no mileage restrictions. When you buy a new Honda Accord or CR-V, you’re paying to eventually own it and the title of the car would go under your name, so while the down payment and monthly payments are typically higher when buying, you can enjoy owning your Honda once you’ve paid it off. Buying also means you’ll be solely responsible for your Honda model’s maintenance, but it can be well worth it to those who don’t want to give up their Civic after the lease period would end. If you’d like to lease a new Honda, however, you’re only paying for its use and need to move on from it once the lease period ends. Getting a new vehicle when the lease period ends can be appealing to those with shorter commutes and who like driving a new car every few years. The down payment and monthly payments are usually lower when leasing, too.
|Ownership||Pay to own the car and the title of the car is in your name||Pay for the use of a new Honda and move on once the lease ends|
|Down Payment||Typically comes with a higher down payment||Typically comes with a smaller down payment, which means less money upfront|
|Monthly Payments||Typically comes with higher monthly payments||Typically comes with lower monthly payments|
|Mileage Limits||No mileage restrictions||Lease terms will dictate mileage limits|
|Maintenance/Wear||Responsible for all upkeep of your vehicle not covered by warranty||Service the vehicle according to the dealer’s recommendations|