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Learn the Benefits of Leasing vs. Buying

Before you lease or buy your new vehicle, you should determine which option is best for you. Contact Team Honda today and let our experienced finance staff help you make the best decision. Review the information below to learn more about both options.

When You Buy a New Vehicle:

  • You pay for the whole vehicle.
  • You will usually make a down payment
  • You pay the sales tax in cash or roll these taxes into your auto loan and pay an interest rate.
  • You usually will make your first payment a month after you sign your contract.
  • This option is great if you like to keep your cars for a long period of time and have a need to put unlimited miles on the vehicle

When You Lease a New Vehicle:

The Benefits Include:

  • You are paying only for what you use.
  • Down payment is optional
  • You only pay sales tax on your monthly payments
  • You are charged with a money factor that is similar to the interest rate on a loan
  • You make your first payment at the time you sign your contract

The Guaranteed Purchase Price Advantage

  • Know in advance what your Honda will cost to purchase at lease-end
  • If it's worth more than the guaranteed purchase price, you can purchase it at the guaranteed price.
  • If it's worth less than the guaranteed purchase price, you can lease or purchase a new Honda, or simply return it.

Customers Should Lease Through Honda Financial Services if They Want to...

  • Drive a new Honda vehicle but keep their purchasing options open.
  • Customize their Honda vehicle with Honda Genuine Accessories.
  • Drive a new Honda vehicle every few years.
  • Have low up-front costs and low monthly payments.
  • Have a guaranteed purchase price should they decide to purchase their Honda vehicle at lease-end.

Get Pre-Qualified for Credit

At Team Honda, we believe that what's in the past is in the past. Don't let your credit history stand in the way of buying a car. We have helped thousands of people reestablish their credit while driving a new or late model vehicle.

All you have to do is to make the decision, fill out our online credit application, and one of our financial experts will contact you. It's that simple. When it comes to your credit, go with a name you can trust, Team Honda.

Click Below to Pre-Qualify

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