Financing vs. Leasing: Which Should You Choose?


Deciding whether to buy or lease can be tricky. While financing your next car gives you the freedom to do whatever you want with it, leasing makes it much easier to have a vehicle with the latest features like HondaLink. As most drivers around Elgin and Schaumburg will come to find, there are several factors. We offer financing specials and leasing incentives as well, making both strong options. So when you’re looking at new vehicles for sale, it’s worth diving into the details about whether you’re better off financing or leasing.

Apply for Financing Payment CalculatorLease Return

Benefits of Leasing

When you choose to lease, you are essentially borrowing your Honda model for a predetermined period of time. When the lease term is up, you can return the vehicle, and in some cases you might have the option of buying it outright. Some of the advantages of leasing include:

  • Cost – Leasing a vehicle usually requires a smaller down payment and a lower monthly payment than purchasing one. With a lower down-payment, you may be able to get the car you want at a price you can afford.
  • The Latest Features – Most leases last 24 or 36 months, meaning that, when your lease ends, you can return the vehicle and swap it out for an even newer version.
Manager and customer signing documents

Benefits of Financing

Barrington drivers may find that the advantages of financing work better for them than leasing. Some of the advantages of that approach include:

  • You Own It – You’re building equity with each payment you make. Whether your loan lasts 36, 48, or 60 months, you’ll own the car at the end of it.
  • Customize – Since you’ll own the car, you can make whatever modifications you please. Want a new paint job or stereo system? When you buy, you can do that!
Man with car keys

Explore Your Options at Brilliance Honda

Whether it’s better to buy vs. lease will depend on your circumstances, but we’re here to help. Drop by Brilliance Honda to take a test drive and discuss your options with our finance team. Contact us today to learn more, or simply visit our dealership at 680 W. Terra Cotta Ave. Crystal Lake, IL 60014.

More from Brilliance Honda

  • Safe Driving Tips for Back-to-School Season

    Contact Us With the arrival of back-to-school season drivers in and around Elgin will notice not only more pedestrian traffic but also more cars, bikes, and buses on the road. Here at Brilliance Honda we’ve compiled a few driving tips that will help keep you safe. Dropping Off Drop off children in front of the school…

  • Which Honda Models Offer AWD?

    Honda SUVs with AWD Contact Us Honda offers a range of models with all-wheel drive: 2019 Honda Ridgeline AWD 2019 Honda HR-V AWD 2019 Honda Pilot AWD 2018 Honda CR-V AWD Learn more about these Honda AWD models today at Brilliance Honda of Crystal Lake. Honda AWD Vehicles Overview Four Honda models offer the enhanced…

  • Why a Honda Certified Pre-Owned Vehicle Could Be the Right Choice for You

    View Inventory If you’re considering buying a new or used vehicle, it’s worth taking a closer look at a Certified Pre-Owned Honda. This exclusive program accepts recent Honda models with less than 80,000 miles, and they undergo a 182-point certification before they go out on the lot. Find out why many customers choose CPO Honda…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(815) 459-6400

Call Now

680 W. Terra Cotta Ave. • Crystal Lake, IL 60014

Get Directions

Today's Hours:

Sales: Closed

Service: Closed