When you're considering acquiring a new Honda, one of the most significant decisions you'll face is whether to lease or buy. Each option offers unique advantages that can align with your financial goals and lifestyle preferences. At Brown Honda near Canyon, we're here to guide you through the leasing vs. buying process, ensuring you make the best decision for your needs.
Should I Lease or Buy a New Honda?
Deciding between leasing and buying a new Honda truck or SUV involves evaluating your driving habits, financial situation and long-term plans. Leasing can be ideal for those who enjoy driving the latest models and prefer lower monthly payments, while buying offers the benefit of ownership and long-term investment.
The knowledgeable team at our Amarillo Honda dealer is ready to help you weigh the pros of each option to determine which suits you best.
Benefits of Leasing a Honda:
- Lower Monthly Payments: Leasing typically offers lower monthly payments compared to buying, allowing you to drive a more luxurious model or save money each month.
- Access to New Models: If you decide to lease, you gain the flexibility to upgrade to a new Honda CR-V Hybrid or Ridgeline truck every few years, ensuring you always have access to the latest features and technologies.
- Warranty Coverage: Most lease terms coincide with the vehicle's factory warranty, reducing out-of-pocket costs for covered repairs and maintenance.
- Flexible End-of-Lease Options: At the end of your Honda lease, you can choose to purchase the vehicle, lease a new Civic or simply return the car.
Benefits of Buying a Honda:
- Ownership: Buying a Honda HR-V means you own the vehicle outright once the loan is paid off, allowing you to build equity and eventually enjoy payment-free ownership.
- No Mileage Restrictions: Unlike leases, buying doesn't impose mileage limits, making it a better option for those who drive extensively.
- Customization Freedom: Ownership allows you to customize your Honda Odyssey as you see fit, from aftermarket upgrades to personal touches.
- Long-Term Cost Savings: Over time, buying can be more cost-effective than leasing, especially if you keep the vehicle for many years.
Is Leasing or Buying Right for Me?
Visit Brown Honda, your trusted North Texas Honda dealer, to explore our extensive inventory of new Honda models for sale and learn more about our leasing and buying options. Contact Brown Honda today to schedule a test-drive or discuss your options with our finance experts!
Learn More: Honda Hybrid Lineup | 2025 Honda Civic Research | 2025 Honda Pilot Research
| Buying a Car | Leasing a Car | |
|---|---|---|
| Ownership | Pay for complete ownership of the vehicle and have its title in your name | Pay for use of your new car and upgrade to a new model once the lease reaches its maturity date |
| Agreement Terms | Vehicle is yours until you sell it | Buy, upgrade, sell or return the vehicle |
| Mileage Limits | No mileage restrictions | Mileage restrictions are determined by lease terms |
| Down Payment | Normally comes with a higher down payment | Usually comes with lower down payments and less money upfront |
| Monthly Payments | Typically higher monthly payments | Generally lower monthly payments |
| Maintenance/Wear | Responsible for any repairs not covered in your warranty | Required to get service according to lease term recommendations |
| Customization | Customize your vehicle as you please | Customizing leased models is prohibited |