Your Honda dealership can help you finance your car in multiple ways. You can opt to get a car loan or look into leasing. Leasing benefits you in different ways than getting a loan does, and it may be the better option for some people.
4 Benefits of Leasing a Honda SUV From Your Honda Dealership
1. Financial Leasing Benefits
The financial benefits of leasing are some of the most significant, as you can save money in multiple ways. There may be some up-front fees, but they’re sometimes more affordable than the down payment that would be required if you were buying a vehicle. Ongoing lease payments are usually lower than loan repayments, so you can fit them into a tighter monthly budget.
There are also hidden cost savings, including savings on repairs. Older cars are more prone to problems, so they cost more to maintain and fix. With leasing, you’re always driving a newer vehicle, so you’re saving money on repairs.
2. Less Commitment
People who buy cars tend to keep them for almost a decade, which can feel like a big commitment. Leasing is less of a commitment, as many Honda leases last for 36 or 39 months, which is three years or just over three years. If you don’t like the car you’re leasing, or if it doesn’t fulfill all your needs, then it won’t be long before you can lease a different Honda model.
3. Better Vehicle
When you compare the cost of leasing a specific Honda model to buying it, leasing is often more affordable. The price difference means you could lease a higher trim for the same price as buying a lower one. If you want certain features and the model with those features is out of your budget, then it might be worth considering leasing that trim instead.
4. Always Under Warranty
Every new model comes with Honda’s New Vehicle Limited Warranty that covers three years or 36,000 miles. Because a typical Honda lease lasts 36 or 39 months, the vehicle you’re leasing will be covered by the warranty for most or all of your lease term. Having that near-constant warranty coverage could bring you great peace of mind, as it’s very unlikely you’ll have to pay for any major repairs if a component in the car breaks down.
If you think leasing will be beneficial for you, then talk to us about it today. Visit Columbia Honda.
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