Should I Lease or Buy a Honda?

Should you buy or lease a Honda? It’s a common question, and it really depends on your goals, preferences, and financial situation. As you look at various Fairfield dealerships, keep these considerations in mind while you weigh your options.

 

Buying

Leasing

Who Owns It You Financial Institution
Up-Front Costs Down Payment / Trade-In 1st Month Payment & Fees*
Future Value Sales / Trade-In Value
End of Payments Vehicle is 100% Yours! Return vehicle, Purchase, or Trade it in!**
* Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.** Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.


Leasing: Low Commitment & More Variation

If you love to experience new cars more often, and if you can’t imagine a world in which you have to stick with the same car for too long, you may want to consider a lease. After all, you only live once, and a lease deal allows you to drive different cars every two or three years. You’ll always be able to keep up with the latest in Honda technology, and you’ll always be on your toes — automotive fatigue won’t have time to set in.

Leasing can also be a good financial decision. You only need a relatively small amount of cash on hand to get your lease started, you monthly payments will be manageable, and you will be able to build your credit and possibly get it where you want before applying for a loan when you’re ready to buy a car. There’s also something to be said for keeping your cash fluid and available for other investments — a lease certainly allows you to do just that.

Buying: More Overall Value With a Honda

Honda vehicles are famous for their resale value and lasting durability, so when you invest in a new Honda vehicle (or even a used Honda), you are paying to own a car that will last for a long time. Buying is probably a better decision for you all of the following are true: 1) you have decent credit 2) you have enough cash available to make a solid down payment 3) you are ok with driving the same car for several years.

Get Honda Lease Specials in Cincinnati, OH

If you are interested in pursuing a lease, check out our lease specials — check our lease specials page on the website to stay on top of our current offers. Fill out our online pre-qualification form to see what kind of financing options you qualify for. If you have any questions about our lease specials, let us know!

Financing Deals With Honda Financial Services in Fairfield, OH

We consistently offer Honda finance specials at our dealership, so if you’re interested in new Honda cars for sale in the Cincinnati area, you’re in good hands. A strong application will qualify you for a low down payment, low APR, and more, so contact us about a test drive at your earliest convenience.

Looking For “Honda Car Dealers Near Me”?

Are you looking for car dealers in the Cincinnati area, have you been searching for “Honda dealers in my area”? Whether you live in Cincinnati, Fairfield, Middletown, Dayton, or the surrounding area, you’ll be able to access our dealership easily. We’re located on an accessible section of Route 4 in Fairfield, so we are always easy to find. Give us a call if you have any questions whatsoever — we’d love to hear from you.