Should I Buy or Lease a New Honda at a Honda Dealership Near Me?

Published: 03/21/2022

Honda Dealers Blog Post

Do you have your eye on a new Honda Civic, Honda CR-V, or one of our Honda cars? If so, let us help you decide if you should buy or lease that Honda SUV or car you have your eye on. Both are great options to consider and we at our Hampton Roads Honda Dealers want to help make the Honda car buying process as easy as possible.

What Does Leasing a Honda SUV or Car Mean?

  • Leasing a Honda SUV, truck, or car means you will drive the vehicle for a certain amount of time then pay for the use of the Honda.
  • You have to make monthly payments depending on the car’s projected depreciation value over the lease term.

Most leases last between 2-5 years, so a Honda car or SUV lease is best for those who like to drive the newest Honda models and enjoy the latest features as they come out. Also, a Honda lease is best for those who aren’t driving a ton of miles per day because you have a set amount of miles you can drive during the length of your lease.

What Does Buying a Honda SUV or Car Mean?

  • Buying a Honda SUV or car means you will take out a loan to pay for the entire cost of the vehicle.
  • Depending on your credit history, the lenders will figure out what type of auto loan you qualify for, and what your monthly payment and down payment will be.

If you want to get the most for your money, buying a Honda is the better option for you because once you’ve paid your Honda off, you own your Honda, so you can sell or trade it in then use the vehicle’s cash value however you would like. In this case, you can get more for your investment depending on the market value and how well you’ve cared for your Honda.

Find a Honda For Sale at Our Honda Dealers in North Carolina or Virginia

Find your local Honda dealer if you want to learn more about the differences between buying and leasing or are ready to get into the best Honda for you today. We currently offer both Honda lease deals and finance specials, so you will be able to find a Honda for sale no matter what option you choose with our Hampton Roads Honda Dealers!

Posted in: CR-Vand Civic