Should I Buy or Lease?

Finance Paperwork with Glasses
When shopping for a new Honda car, truck, or SUV in the Torrance area, you may be wondering, “Should I buy or lease?” Deciding which is right for you will be based on what you want and how much you can afford. This lease vs. buying guide from the finance team at Airport Marina Honda will help you decide which option will best suit your lifestyle and budget.

Benefits of Buying

  • No Mileage Restrictions: If you expect to be doing a lot of driving around Westchester, buying a vehicle may be the better choice. A car lease agreement includes strict mileage limits.
  • Total Ownership: Buying a vehicle allows you to upgrade, modify, or customize it however you wish. You are also free to sell the car whenever you like.
  • Financing Options: Applying for financing is often more straightforward, even if you have a less-than-ideal credit score. You’ll also have the option to refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Buying a car will cost you more upfront, but the vehicle actually becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: Both the down payment and ongoing monthly payments will be lower if you choose to lease.
  • Less Sales Tax: In most states, sales tax will only apply to the down payment and the monthly lease payments.
  • Trade-Ins: You have the option to upgrade to the newest model at the end of the lease agreement. All you have to do is stop by our local Culver City-area dealership, pay any remaining fees, and drive away in a vehicle equipped with the most up-to-date amenities and tech features.
  • Warranty Coverage: All of your scheduled vehicle maintenance will be covered under your lease agreement. As long as you stay within the required mileage limit, you won’t have to pay for maintenance services.

Explore Your Leasing & Financing Options at Airport Marina Honda

The ultimate decision when considering lease vs. buying will come down to your budget and your personal preferences. The finance specialists at Airport Marina Honda will be happy to discuss your options and set you up with the loan or lease that will best suit your needs. Explore our new Honda specials and current offers and incentives to ensure that you get the best deal possible. Feel free to contact us if you have any questions or would like more information.

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