Buying vs Leasing A New Honda

Buy vs. Lease: Finance a Honda near Cleveland, OH

If you’re in the market for a new car but want to explore your different financing options, come talk to the experts at our Honda dealership near Cleveland, OH. We’ll take the time to learn more about your budget and what it is you’re searching for in your next car, and from there we’ll find a payment plan to match. Whether you want to buy a new Honda sedan or lease a new Honda SUV, you can find the right car at the right price at Jay Honda. If you’re not sure of the best financing option for you, we’ll explain the main differences between buying and leasing a car so that you understand the ins and outs of the car-buying process.

For drivers who want to pay for 100% ownership of their vehicle, your best bet is to purchase the new Honda CR-V, Pilot or Civic you’ve been eyeing. This allows you to drive with no mileage restrictions and gives you the ability to customize your car as you please. And while financing a new car does come with a larger down payment and higher monthly payments, it does mean you get added flexibility and peace of mind. If you’re the type of driver who wants a new car every few years, then leasing a new Honda may be right for you. You’ll have a lower down payment and smaller monthly payments, but you will have mileage restrictions and you can’t customize your vehicle. If those aren’t deal breakers for you, then we’ll help you lease a new car now. Once the terms of your lease come to an end, you can either lease a new car, buy the current vehicle outright or simply move on. The choice is all yours when you buy from Jay Honda.

Ownership


Buying

Pay to own the car and the title of the car is in your name

Leasing

Pay for the use of a new vehicle and move on once the lease ends

Down Payment


Buying

Typically comes with a higher down payment

Leasing

Smaller down payment, which means less money upfront

Monthly Payments


Buying

Higher monthly payments

Leasing

Lower monthly payments

Mileage Limits


Buying

No mileage restrictions

Leasing

Lease terms will dictate mileage limits

Maintenance/Wear


Buying

Responsible for all upkeep of your vehicle not covered by warranty

Leasing

Required to service the vehicle according to the Honda recommendations

Explore all of your Honda financing options now and get the keys to a new Honda sedan, truck, SUV or van. We’ll making your car-buying or -leasing experience simple and stress-free!