When it comes to getting behind the wheel of a new Honda, one of the biggest decisions you’ll face is whether to lease or buy. Both options have their benefits, and the right choice depends on your budget, driving habits, and long-term goals. At Lundgren Honda, we’re here to help you navigate the decision and find the perfect Honda financing option for you.
What’s the Difference Between Leasing and Buying a Honda?
Before deciding, it’s important to understand the key differences:
- Leasing a Honda: You drive a new Honda for a set term (typically 24-36 months) while making lower monthly payments. At the end of the lease, you can return the vehicle, lease a new one, or purchase it.
- Buying a Honda: You finance or pay for the vehicle upfront and own it outright once your loan is paid off. You can keep it as long as you want, modify it, and drive it without mileage restrictions.
Why Lease a Honda?
Leasing is a great option for drivers who love the idea of driving a new Honda Accord, CR-V, Civic, or Pilot every few years. Here’s why leasing is be the right choice for you:
Lower Monthly Payments – Lease payments are typically lower than loan payments, making it a budget-friendly option.
Drive a New Honda More Often – Get the latest features, safety technology, and upgrades every few years.
Lower Repair Costs – Most leased vehicles are under warranty, meaning fewer out-of-pocket repair expenses.
No Resale Hassle – When the lease is up, you simply return the vehicle and choose your next one—no need to worry about selling or trade-in value.
Who Should Lease?
- Drivers who prefer a lower monthly payment.
- Those who like upgrading to the latest models frequently.
- People who drive within the lease mileage limits (usually 12,000-15,000 miles per year).
Why Buy a Honda?
Buying is ideal for those who want long-term savings and ownership freedom. If you’re looking for a car that will last for years, a Honda’s reliability and resale value make buying a smart investment.
Build Equity – Unlike leasing, when you finance a Honda, your payments go toward ownership, and eventually, you own the car outright.
No Mileage Limits – If you drive a lot, buying is the better option—no overage fees or restrictions.
Modify and Customize – Add accessories, tint the windows, or make other modifications without restrictions.
Sell or Trade on Your Terms – Once you own the car, you can sell or trade it whenever you like.
Who Should Buy?
- Drivers who plan to keep their Honda for many years.
- People who drive more than 15,000 miles per year.
- Those who want to modify or personalize their vehicle.
Leasing vs. Buying: A Quick Comparison
| Feature | Leasing a Honda | Buying a Honda |
|---|---|---|
| Monthly Payment | Lower | Higher |
| Ownership | No | Yes |
| Mileage Limits | Yes | No |
| Customization | No | Yes |
| Warranty Coverage | Usually included | Expires after a set period |
| Trade-In or Resale | Return at end of lease | Sell or trade anytime |
Still Not Sure? Let Lundgren Honda Help!
At Lundgren Honda, they know every driver’s needs are different. Whether you decide to lease a Honda for its flexibility or buy a Honda for long-term value, their team will guide you through the financing process.
Visit Lundgren Honda today or explore their current Honda lease specials and financing options online. Let them help you drive away in the perfect Honda for your lifestyle!
More automotive information from Lundgren Honda: Choosing a dealership to service you vehicle.