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When you’re in the midst of contemplating your next set of wheels for your trips throughout Vista, Escondido, and Carlsbad, you’ve got quite a few decisions to make. Figuring out which model is right for you is one thing, but choosing the path you want to take with leasing vs. buying is another.
At Norm Reeves Honda Superstore Vista, we’re here to help drivers learn more about the various ways that they can get behind the wheel. Determine if you want to finance or lease!
It always feels good to own something, especially a car. When you buy a car, you can do whatever you want with it! You can give it a paint job, add some accessories, or take it on a cross-country road trip to see the sights!
Buying a car requires a down payment of up to 15 to 20 percent of the vehicle’s value–or more if you want to reduce your monthly payment. However, you’ll have the vehicle for several years, and when you’re ready to move on to your next car, it’s yours to sell or trade-in.
If you’re in need of a car, but you’re not quite ready to finance or commit to ownership, you can always lease it. Leasing is a process that allows you to rent the vehicle for a few years. You don’t own it, but it’s yours to drive for a term.
This process doesn’t require a considerable down payment; in addition, the monthly payments could potentially be lower than when you finance. Leases also include a few sets of warranties, so you’ll have a few months of complimentary service and maintenance.
Whether you decide to finance or lease, you should know the odds and ends of each automotive decision. When you finance, there’s some responsibility involved. Once your warranties run out, you’ll need to ensure that you’re keeping up with service, which can become more significant and involved later in a vehicle’s life.
When you lease, you’ll want to make sure that you’re taking care of the car and turning it back in in its original condition. There’s also a mileage limitation with leasing a vehicle, so you’ll want to be mindful of any trips. Each additional mileage over budget will add to the lease closing fees.
Now that you know the major differences between lease vs. buy, you’ll know if you want to finance or lease. However, if you have more questions, or you’re eager to get started on exploring your Honda options, you can always make the trip and see us at Norm Reeves Honda Superstore Vista to begin your journey.
Browse our inventory and schedule a test drive with your favorite Honda model to lease or buy so you can get around the streets of Vista, Escondido, and Carlsbad in style! Come see us today!