When it comes to buying and leasing, there’s no one-size-fits-all answer. It really depends on your lifestyle and your preferences. Certain lifestyles may work better with leasing than others. Other people just like to drive a brand-new car every two or three years. Ultimately, leasing isn't only a dollars-and-cents question; it's about personal tastes and priorities.
Tom Wood Honda would like to share the advantages of car leasing and car buying:
Advantages of Car Leasing:
? Lower down payment
? Lower monthly payments
? You can drive a better car for less money each month.
? No trade-in hassles at the end of the lease
? You pay sales tax only on the portion of the car you finance.
? Lower repair costs (With a three-year lease, the factory warranty covers most repairs.)
The bottom line on leasing: Leasing allows you to drive more car than you can afford outright, and drive a new car every couple of years.
Advantages of Car Buying
? Pride of ownership — you can modify your car as you please.
? No penalty for driving excess mileage
? Car buying is more economical in the long run unless you buy and trade-in regularly.
? Increased flexibility — you can easily sell the car whenever you want.
? The bottom line on buying: the car you buy is yours to sell, modify, or drive for decades.
Choosing whether to lease or buy a car can be tough. It is ultimately up to the car buyer to weigh the pros and cons, determine what their needs are, and what best suits their lifestyle. No matter which scenario works best for your individual needs, the Honda dealers at Tom Wood Honda are here to help you make this important decision.
