When it comes to getting a new car, shoppers have two options: buying a car or leasing one. When buying a car, drivers with significant disposable income may be able to pay the full price up front, but most drivers will make regular payments through a financing agreement. Should you buy or lease a new Honda? The route that makes the most sense for you will depend on your budget, and what you want from a vehicle. Keep reading to explore some things to keep in mind.
Other Vehicle Options: Certified Pre-Owned Honda in Oklahoma City OK
Should you buy or lease a new Honda?
Honda vehicles often offer technology features like Honda Sensing, quality interior appointments, and satisfying driving, which make them an attractive option for drivers looking for a new vehicle. When you buy a vehicle, you will have to pay more, but it will be completely yours and you can do whatever you want with it, including adding accessories or driving a long distance. When you lease a vehicle, your monthly payments will be much lower, but you also must be more careful to limit your mileage, and keep the vehicle in good condition so that you are not charged extra at the end of your lease term. We have put together a few general comparison points below.
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When should you lease a vehicle?
If you like getting the latest automotive technology every few years, and don’t want the hassle of vehicle repairs or worrying about a long-term investment, then leasing may be the best option for you. A lease can also help drivers who were upside down on a past auto loan (that is, ended up owning more than the car was worth after a breakdown or accident) get back on their feet and on the road.
When should you buy a vehicle?
When you regularly drive long distances (more than 10,000 miles per year on average) or enjoy adding accessories to your vehicle buying may be the better option. Drivers who regularly drive a vehicle until the wheels fall off can also get a lot of value out of a vehicle purchase. It can be a good investment for those who don’t need or want the latest automotive technology every couple of years.
You can lease or finance a new Honda in Oklahoma City OK at Battison Honda. Contact a member of our friendly sales team today to learn more about your purchasing options at our dealership, or explore our current Honda incentives online.