Leasing vs. Buying a Car

While buying your next car gives you the freedom to do whatever you want with it, leasing makes it much easier to have a vehicle with the latest bells and whistles. As most drivers around Madison and Ridgeland know, it’s more complicated than that, though, and there are also budgetary considerations. So when you’re looking at new vehicles for sale, it’s worth diving into the details about whether you’re better off financing the purchase or leasing.

Benefits of Buying

Many of our drivers make the trip from Clinton with the intention of financing a vehicle, and there are plenty of good reasons to finance to own:

  • You Own It – You’re building equity with each payment you make. Whether your loan lasts 36, 48, or 60 months, you’ll own the car at the end of it and you’ll be able to do whatever you want with it.
  • Customize As you See Fit – Since you’ll own the car, you can make whatever modifications you please, whether that’s a custom paint job, a new audio system, or performance-enhancing additions.
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Benefits of Leasing

Leasing a vehicle is essentially borrowing it for a predetermined period of time for an agreed-upon price. When the lease term is up, you can return the vehicle, or you might have the option of buying it outright. Some of the advantages of leasing include:

  • Cost – As a general rule, leasing a vehicle requires a lower down payment and a lower monthly payment than purchasing one. This may enable you to drive a nicer, more feature-rich vehicle for less.
  • The Latest Features – Most leases last 24 or 36 months, meaning that, when your lease ends, you can return the vehicle and lease a newer model with the latest features.

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Buy or Lease? Explore Your Financing Options at Bob Boyte Honda

Whether it’s better to buy vs. lease will depend on your circumstances, but we’re here to help. Drop by Bob Boyte Honda to take a test drive of our CR-V lease deals and discuss your options with our finance team. Contact us today to learn more, or simply visit our dealership in Brandon.

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601-591-5000

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2188 Highway 18 • Brandon, MS 39042

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Bob Boyte Honda

2188 Highway 18 Brandon, MS

Phone: 601-591-5000

http://maps.google.com/?q=2188%20Highway%2018%2C%20Brandon%2C%20MS%2039047%2C%20Brandon%2C%20MS%2039047

Parts

Phone: 601-591-5000

2188 Highway 18 Brandon, MS

Sales

Phone: 601-591-5000

2188 Highway 18 Brandon, MS

Service

Phone: 601-591-5000

2188 Highway 18 Brandon, MS
32.2710065 -90.0371763
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Bob Boyte Honda
Bob Boyte Honda
2188 Highway 18
Brandon, MS, 39042 United States
601-591-5000
https://di-uploads-pod9.dealerinspire.com/bobboytehonda/uploads/2016/10/Bob-boyt-honda-og-image.jpg
Bob Boyte Honda 32.2710065, -90.0371763.