Buying vs Leasing a Vehicle


So, you’re on the hunt for a new vehicle around Miami, Doral, and Hialeah, FL. With so many amazing vehicles on the market, you have quite a few options. Plus, there are multiple ways you can finance the car of your choosing.

Here at Braman Honda, we’ve put together this guide to buying vs. leasing a vehicle. If you want to learn more about the different options and which may be right for you, read on. We’re dedicated to making the car-buying process easy and fun.


Buying vs Leasing a Vehicle

What’s the Difference?

So, you know that you can either buy or lease a new Honda. The question is, what’s the difference between the two options? Well, when you buy a car, you’re paying to own it. You’ll take out a loan and when you’re done paying, the car is yours.

On the other hand, leasing a car means you’re essentially renting it. You’ll still have monthly payments, but at the end of your lease, you’ll return your vehicle.

This quick quiz may help you decide which option is best for you:

Option A

Option B

I use my car to travel a lot.

Yes

No

I don’t drive far from home.

No

Yes

I want to keep the same model for years to come.

Yes

No

I want to try the latest models every few years.

No

Yes

 


Option A: Buying Your Next Honda

If your answers pointed towards option A, then buying a car might be the best option for you. There are quite a few benefits to buying, such as:

  • Customization: From a new paint job to brand-new accessories, you can customize your Honda however you like when you own it.
  • Unlimited Mileage: Whether you’re commuting to work or going on a road trip, you don’t have to worry about any mileage limits.

When you buy your vehicle, you have the freedom to do what you want with it. Whether that means selling it a few months later or decking it out with customizations, it’s all up to you.

Dealership

Option B: Leasing Your Honda

If you identify with the Option B statements, then you may want to lease your Honda. So, what are the benefits of leasing your Honda? Let’s find out:

  • Lower Payments: Because you don’t have to pay the full price of the vehicle, you may find yourself with a lower down payment or lower monthly payments.
  • Upgrade at the End of Your Lease: Did you say yes to “I want to try the latest models every few years”? Well, here’s your chance! When your lease ends, you can easily upgrade to the most recent model year to get all the latest features.
  • Higher Trims: You may also be able to get a higher trim if you aren’t paying the full price of the car. This will give you access to all the most advanced features.

Plus, you can try out different models to find the best one for your lifestyle. For instance, you can lease a Honda Accord for a few years while you’re commuting to work every day and then switch after your lease is up if you’d rather try out an SUV like the Pilot.


Buy or Lease Your Honda Today

Are you ready to get behind the wheel of your next ride? Contact us today at Braman Honda to schedule a test drive. Once you’ve chosen your Honda, we’ll help you decide whether buying or leasing a vehicle is best for your drives around Miami, Doral, and Hialeah, Florida.


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