Finding the 2017 Honda Accord or Honda Civic of your dreams is only the first step. After selecting the perfect car, you have to decide whether to lease it or buy it outright. That's where the talented team at Pacific Honda comes in. Our Honda financing center is staffed with experienced professionals who know all the ins and outs of the car-buying process. Before we discuss all your options with you, read on to learn more about them.
When You Should Lease
Reasons to lease at a glance:
- Lower down payment
- Reduced monthly payments
- Freedom to lease a different car after your term ends
There are quite a few reasons why our San Diego Honda dealers might recommend that you lease a new Honda vehicle instead of buying it. First off, this is an excellent option for people on a budget since it typically requires a lower down payment, as well as lower monthly payments. That's because you're essentially only paying for the car during your lease term, not for the entire life of the vehicle.
Beyond that, leasing is also preferred for customers who like switching their vehicles every few years. When you purchase a Honda car or SUV, you're committed to that vehicle until you're able to sell it to another buyer. When leasing, however, you simply bring the car back to our dealership when the lease term ends. Then you can select another one of the new Honda cars in our inventory to lease instead.
When You Should Buy
Reasons to buy at a glance:
- No mileage restrictions
- No customization restrictions
- Ability to build equity
- Keep the car for a longer time
Do you have an hour-long commute to work every morning? Or do you and the family like to pack up and go on road trips? If so, then buying a car is probably for you. When you lease from a Honda dealership, you'll usually be saddled with restrictions on how many miles you can put on the vehicle. Similarly, you're unable to customize the car with upgraded parts or accessories.
Another thing to consider is how long you want to keep the Honda car in your family. If you're a parent to teenagers who want a starter vehicle, for instance, it might be a good decision to buy instead of lease. Then you can pass the car down or keep it on hand as a second family vehicle.
Financing a Honda Vehicle at Our Dealership
So if you're in the neighborhood—we're located at 4761 Convoy Street in San Diego— swing by our Honda dealership. Our financing experts can help you get pre-approval for a car loan or calculate your monthly auto payments. Plus, if you have any lingering questions about whether to buy or lease, our Honda dealers can help you settle that debate, too.