Buying or leasing a car is a big decision, so it’s essential to consider your needs, budget, and lifestyle before taking the plunge. At Honda of Grays Harbor in Aberdeen, WA, we want to ensure you are set up for success before taking on a Honda lease. Read on to discover why leasing a vehicle might not be your best-case scenario.
You Enjoy Driving a Car Long-Term
Most car leases last three to four years. If you get attached to vehicles or like consistency, leasing a car for only a couple of years may not be for you. With a car loan, you get to keep the vehicle after your last payment, so purchasing and taking out a loan may be a better option in the long run.
You Drive a LOT
Leases also restrict your driving to 10,000 to 12,000 miles per year. If you exceed the mileage cap, you’ll be penalized for every excess mile, which adds up quickly. Purchasing is better than leasing if you have a long commute or enjoy long drives.
You Like Customizations
Since you must return the vehicle at the end of your lease, adding new rims or a sound system is not an option. You’ll have to return the car in the same condition it was given, removing all modifications and reinstalling the original parts as needed.
Your Honda Lease Questions Answered
There are advantages and disadvantages to leasing, and depending on your needs and preferences, purchasing a car might be a better option. Feel free to speak with any of our finance experts here at our Honda dealership to explore all your options and make an informed decision on the right choice for you.