Finance or Leasing: Which One is Right for You?
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Finance or Leasing: Which One is Right for You? The Finance Team at Harr Honda Has the Answer
At our dealership, we are often looked at as the resource for many car shoppers in the area who are trying to decide how to shop for their next vehicle. If you are in the market for a new Honda model, you might be trying to decide whether to lease or finance that vehicle. Luckily, the finance center at our location can help you discover which option is best for you.
We have a huge selection of new Honda cars, trucks, SUVs, and minivans for customers to browse. After you have selected the vehicle that you are interested in buying or leasing, our finance team can help you discover your auto financing choices.
Discover the Pros and Cons of Financing Your New Honda Model
Anyone who is interested in financing their new Honda vehicle will discover that this option has a plethora of benefits to enjoy. Folks who decide to finance their new Honda model will get to drive their new vehicle without having to be concerned about any mileage restrictions. Additionally, they will not need to worry about any possible end-of-lease fees if they have any wear and tear on their vehicle.
Customers who end up financing their new Honda car, truck, SUV, or minivan will also get to customize and personalize their new vehicle to their own desires. There is often an abundance of accessories at your disposal when you buy a new Honda vehicle, and you will get to add them if you decide to finance.
The downside of financing your new Honda model is that you will be locked into a long-term commitment. Trading a new vehicle only a few years after purchasing it can lead to negative equity. Negative equity is when you owe more on your car than what it is worth. You will also be responsible for any potential auto repairs once the manufacturer's warranty expires unless you have purchased a vehicle service contract from our finance center.
Learn About the Pros and Cons of Leasing Your New Honda Vehicle
Car shoppers who are interested in leasing their new Honda model will find that they can get the expert assistance they need when they shop with the team at Harr Honda. Our finance professionals have the knowledge and experience to provide you with all of the information you need to decide whether this is the right fit for your lifestyle and budget.
Like with financing, leasing has a wealth of advantages that customers can experience. When you lease a new Honda vehicle, you can get a lower monthly payment than you would with financing on a new Honda car, truck, SUV, or minivan. Lessees also enjoy the benefits of warranty protection for the entire time that they are leasing their new Honda vehicle. When your Honda lease agreement ends, you won't have to worry about trading or selling the car.
On the downside, you must adhere to a mileage limitation when you lease your new Honda model. If you go over your mileage limitation, you can be charged per mile for the overage. Also, you will be subject to potential end-of-lease fees if you have any excess wear and tear on your vehicle unless you have purchased wear-and-tear protection from our finance center. Leasing also has limitations on customizations.
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Still Need Assistance? The Team at Harr Honda is Here to Help
There may be some folks who are still not sure which option is best for them. Typically, most folks who are successful in financing their next vehicle have these things in common:
- A high-mileage or unpredictable driving schedule
- A desire to own their vehicle eventually with no monthly payment
- The ability to handle the cost that may come with any possible car repairs
- They are not excited about shopping for a new vehicle every few years
- An enjoyment of customizing their new Honda vehicle
The same thing can be said about folks who are successful with leasing. They also often share many things in common:
- A driving schedule that caps at or below 15,000 miles a year
- Excitement at the thought of getting a new car every few years with the latest features and upgrades
- No desire to customize or modify their new Honda vehicle
- Prioritizing a low monthly payment over all other factors in car shopping
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Harr Honda
4255 6th Ave SE
Aberdeen, SD 57401-0900
- Sales: (605) 225-3078
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