Buying vs Leasing

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Buying vs. Leasing - What's a Better Way to Get Behind the Wheel of a New Honda?

Choosing the right Honda is always an easy decision when you want the perfect match for your drive. However, paying for it isn't always so cut-and-dry. Here at Brilliance Honda of Crystal Lake, we want to help you make an informed decision, which is why our finance team provides transparent and straightforward information designed to give you the best deal on your next new or used Honda.

For most car-shoppers, there are two main ways to get behind the wheel of their next vehicle - buying or leasing. Both options offer an affordable way to drive away, but each option also offers benefits for prospective drivers needing an upgrade. The big question on your mind is which one fits your budgeting! Our team is here to help guide you through the process of shopping for a new Honda and getting the payment plan that works best for you!

Benefits of Buying Your Next Vehicle

Buying a new car is the more traditional way to get behind the wheel of a new vehicle and offers you numerous ways to contribute to the cost of the vehicle when confirming a purchase. Whether you use cash, trade-in value from your current vehicle, a loan, or some combination of the three, it's easy to come up with a payment plan that works.

Buying your new vehicle also offers a few benefits that allow you to take control of your new car and decide how you want it to look. These benefits include:

  • You Own Your New Vehicle: When you buy, a lease is created for the vehicle and controlled by the lender until you finish making payments on it. Then, it becomes yours to do with as you please! You can customize it with new decals, a fresh paint job, or even accessories!
  • You Can Drive as Much as You Want: Leased vehicles often come with mileage restrictions, limiting you to how far and often you can drive. When you own a vehicle, you'll never have this problem. Buying your vehicle requires no mileage limitation, allowing you to travel as far and long as you want!
  • You Won't Have to Make Payments when Paid Off: Once you pay off the balance of your loan, the Honda car, truck, or SUV will be yours, free and clear. That means no more monthly payments! When you lease a vehicle, you'll always need to make monthly payments until you choose to purchase it and pay off the remaining amount.

Benefits of Leasing Your Next Vehicle

While leasing is still fairly new compared to buying, it's still a popular way to enjoy your new Honda. Lease options are often easier to upgrade from, and the payment plans are often more palatable for drivers who need to work with a budget.

When you lease, you also benefit from:

  • Lower Monthly Payments: When you lease a new vehicle, you only have to pay for the depreciation of the vehicle - this typically leads to lower monthly payments, allowing you to enjoy higher trim levels and more amenities! Buying a car won't offer payment plans as low as lease options can.
  • Enjoy the Latest and Greatest Features: Every two or three years, you'll get the chance to upgrade to the newest model of your Honda. Not only will you get a brand-new car, but you'll also get the latest technology, safety, and comfort features made available to the lineup. When you buy, it's a lot harder to get a convenient way to upgrade.
  • Manufacturer's Warranty:  Due to the short-term length when leasing a Honda, you'll often find that your vehicle's repairs are covered by the manufacturer's warranty.  All you need to worry about is simple maintenance.  Great peace of mind, so you don't have to pay for those untimely repair surprises.

Whether you purchase your next Honda Civic or lease a new Honda Passport, we guarantee you'll enjoy the experience at Brilliance Honda of Crystal Lake. Give us a call to schedule an appointment with our finance team or apply online today with our financing application!

  1. Brilliance Honda

    680 W. Terra Cotta
    Crystal Lake, IL 60014

    • Sales: (815) 322-9500
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