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Leasing vs. Financing: Which One Is Right for You?

At Honda South, it's easy to find the financing or leasing solution that works for your needs. We offer flexible terms and the ability to customize your deal based on your preferences. But which one is right for you? Most drivers choose to finance, but that doesn't mean that it is automatically the most cost-effective option. Leasing offers many wonderful benefits and can even save you money on your monthly vehicle costs. However, people love the freedom of ownership and the affordable payments that come with financing. Our finance team can answer all your questions about the benefits of both to help you find the right solution.

Benefits of Financing

Financing is a great way to own your vehicle without needing to pay a lot of cash upfront. You can borrow up to the full purchase price of a new vehicle and choose from terms that help you score the monthly payment that works for your budget. Here are some top reasons why drivers choose to finance rather than lease:

  • Ownership: While you make payments, you own your vehicle and can do what you like, including driving as many miles as you want and customizing it how you see fit. Once you pay off the loan, you are free to continue driving payment-free. You can also sell or trade the vehicle at any time even if the loan is not paid off.
  • Build Equity: As you make payments, you build equity and can make money if you decide to sell the vehicle
  • Flexible Terms: Choose the loan term, downpayment, and more to secure the monthly payment that fits your budget
  • Finance New or Used Vehicles: Unlike leasing, financing is available for new and used vehicles

Benefits of Leasing

Leasing may not be as popular as financing, but it offers the lowest monthly payments possible on a new vehicle. That's because, with leasing, you only pay the depreciation during the lease term, which can be as short as 24 months, plus leasing fees rather than the full purchase price of the vehicle. We can also apply current lease deals to help reduce the upfront costs and score even lower monthly payments. Here are some reasons a lease may be right for you:

  • You drive fewer than the average number of miles annually
  • You only need a vehicle temporarily
  • Your goal is to score the lowest monthly payment possible
  • You don't want the responsibility of ownership like frequent maintenance or costly repairs
  • You want to be able to upgrade to a new vehicle every couple of years
  1. Honda South

    6871 Mt. Zion Blvd
    Morrow, GA 30260

    • Sales: (770) 968-1500
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Get in Touch

  • Contact our Sales Department at: (770) 968-1500
  • Monday9:00AM-8:00PM
  • Tuesday9:00AM-8:00PM
  • Wednesday9:00AM-8:00PM
  • Thursday9:00AM-8:00PM
  • Friday9:00AM-8:00PM
  • Saturday9:00AM-8:00PM
  • Sunday1:00PM-6:00PM

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