For some of us leasing is best, for others it’s better to buy. Knowing where you fall on the lease/buy spectrum will help you drive away a happy Honda driver. To help you make a more informed decision, we put together a few questions to help you decide whether it’s better to lease or better to buy.
Do you have kids or pets?
Not like it’s any of our business buuut most leases include “wear and tear” fees that tend to pop up more often than not for drivers with small children and pets. Drinks spill and dogs shed, it’s part of life, but before signing a lease, ask yourself if you really want to pay a potentially expensive wear and tear fee?
If you have your heart set on leasing but are concerned with interior damage to your seats, speak with a Dublin Honda leasing specialist about potential wear and tear fees and how they’d apply to the leased vehicle you’ve got your eye on.
Do you drive long distances?
Just like wear and tear fees, leased vehicles include mileage limits and exceeding those limits can result in costly overage fees. If you know you’ll be driving your vehicle way more than the limits outlined in your Honda lease agreement, then leasing may not be the best option for you. But if you’ll only be driving a little more than your mileage limit, then clarify the overage fee with your Honda leasing specialist prior to signing a lease.
Do you like to make modifications?
If so, then purchasing is the only option for you. With a lease what you see is what you get and if you make modifications to your leased Honda then (you guessed it) you’ll incur a costly fee at lease end. Purchasing a new Honda or signing up for a short-term loan are two ways to get the Honda you want, exactly the way you want it.
Do you have money to buy outright?
Like many things in life, it comes down to money. Leasing is certainly a less expensive option than buying outright. Leasing means low monthly payments, whereas buying outright means a large chunk of change. However, when you buy outright you own what you drive and that can translate to a nice return on investment if you take care of your Honda and choose to sell.
Do you like driving new?
A lot of drivers lease vehicles because they love the feel of driving a new Honda. And who can blame them? In a new Honda, you get the latest technologies, safety features, interior comforts, and more. Plus, depending on the terms of your lease at lease ending you can trade up to the new model year with ease.
So what’ll it be — lease or buy? It’s a big decision and not one to rush, so let us know how we can help. Stop by our visit our Dublin Honda showroom in Dublin, California and meet with a member of our Honda sales team. We’d be happy to walk you through the benefits of leasing vs buying and vice versa in greater detail, and set you up with a few test drives of your favorite new Honda models. Plus, we can even introduce you to the staff at our Honda Lease Return Center for more information on what happens at lease end. Can’t stop by soon? Learn more about your ending lease, here.
Till next time!