Lease or Buy?
Wondering if you should lease your next vehicle? Has someone told you that you'd be better off financing your next Honda? At Bruce Honda, we make sense of all of the jumbled opinions and help you make the right decision when it comes to choosing between leasing and financing. Visit us at Bruce Honda today and let our team of experts help you find the right financing solution for your next vehicle.
Deciding between leasing or financing depends on your needs.
Financing is a popular option on many new vehicles. One of the main benefits is preferred interest rates from the manufacturer - Honda, rates that usually cannot be matched by banks or other lenders. With financing, the goal is own the vehicle outright.
Leasing is increasingly popular for a number of reasons. First, it makes upgrading your vehicle in the future simple- no worries about having to privately resell or trade the vehicle in. Secondly, Honda now offers high mileage options which helped customers who were concerned about being charged for mileage when returning their vehicles. Most importantly, some of the best pricing options available are now on lease.
Our recommendation is to always compare. For business owners, leasing can also offer tax advantages.
For Pre-Owned vehicles, we work with over 19 lenders to find you the best rate possible. Financing is the most popular option. If the vehicle is Honda Certified, there are often preferred rates available.
And yes, we do cash purchases but no bitcoin! Some buyers are surprised the Finance or Lease options may be better deals then cash.
We can't wait to help you out at Bruce Honda. In the meantime, take a look at the following summary of the benefits of each purchasing plan.
Benefits of Financing
- No restrictions on mileage
- The car belongs to you and its maintenance is therefore an investment
- It is possible to modify the car as you please
- More affordable in the long run
- The best option if you want to keep your vehicle for a long time
Benefits of Leasing
- More affordable monthly payments
- Possibility of easy vehicle exchange every two or three years
- No depreciation
- More advantageous if you use your vehicle for work
To find out more about our financing and leasing offers, come and meet us today!