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Should I buy or lease my next Honda?

When you’re looking into getting a new Honda here in Jacksonville, FL, one of the biggest decisions you need to make is whether to lease or buy your vehicle. Both options have benefits that we’re happy to discuss with you when you visit our Florida dealership, but here are some basic things to consider when it’s time to decide to buy or lease your next Honda.

How much do you drive?

Most lease agreements have mileage limits so if taking cross country road trips is important to you or you have a long commute, buying is your best bet. But, if you can be sure that you will be putting consistent miles on your cars that won’t add up to astronomical numbers, leasing is a good option to consider.

Do you like having all the new features in a vehicle?

If so, leasing might be your best option! Leasing gives you the opportunity to trade in your vehicle without the hassle of selling it every few years for something newer. On the other hand, if driving a car until you can’t anymore to squeeze every last penny out of it is something you like to do, buy your vehicle and enjoy the payment free time after you pay it off. Hondas last a long time!

How much do you have to spend?

Usually, lease agreements don’t require as big of a down payment and the monthly payments are smaller because you’re just paying for the depreciation on the car instead of the whole car. That said, as we mentioned before, owning your car may give you a few years of driving payment free if you take great care of it, so you can also save money in the long run by buying if you have the money to pay for it upfront.

Come to Duval Honda, your Jacksonville Honda dealer, to talk about your options when buying a new Honda vehicle. We have a wide selection of cars, trucks, vans and SUVs on our lot that we can’t wait to show you.