Are you thinking about getting one of our new Honda cars such as the 2017 Honda Accord? If you are, you might be trying to figure out whether you should buy or lease your next Honda vehicle. It can be hard to decide which move is the right one for you, especially if you’ve never shopped for an automobile before or your circumstances have changed since the last time you looked for a vehicle. If you’ve gotten married and had kids since the last time you bought an automobile, for instance, you may feel additional pressure to make the right decision compared to when you were single.
Luckily, the car finance experts at our Wilkes-Barre, PA Honda dealership can help you determine whether leasing or buying makes the most sense for you based on your personal situation and your future goals. As a general rule, buying an automobile is the right decision for people who put their vehicles through heavy use, want to build equity, and plan to customize their automobiles. If you drive less than 15,000 miles per year, take excellent care of your car, and would like a new vehicle every few years, leasing is probably the right move for you.
Your monthly budget and the amount of money you have to put down on a new car are also important factors to consider when you’re trying to decide between leasing and buying. If you’re going to lease a car, you normally won’t have to put down as much money when you sign your lease agreement as you would if you bought the same vehicle instead.
Lease payments are ordinarily lower than loan payments because you’re only paying for the automobile’s depreciation when you make lease payments, meaning you’re not building an ownership stake in your leased car like you would be if you purchased an automobile and made loan payments. So, if you don’t have a significant amount of money to put down and you’d like to keep your monthly payments as low as possible, you should consider leasing a vehicle instead of buying one.
If you want to get a 2017 Honda Accord or one of the other vehicles in our new car inventory, we can help you decide whether leasing or buying is the right decision for you. Give us a call or stop by MotorWorld Honda to talk to one of our finance experts today.
