A big part of being happy with a vehicle purchase is deciding what financial approach works for you. While buying a vehicle is best for some people, for others, leasing represents the best option. To help determine whether buying or leasing is the best financing option for you, Basney Honda has put together a few pros and cons to consider before coming to a decision on a Honda Civic, Honda Accord, Honda Pilot or any other one of our models.
Leasing a vehicle means that it never gets old! Vehicles rarely require major repairs within the duration of a lease. Essentially, in a leased vehicle, everything works. You don’t have to stress about when your vehicle might break down in any way and you actually have lower monthly payments than you would if you purchased your vehicle.
On the flip side, though, leasing a vehicle comes with restrictions. A lease agreement will limit the number of miles that you are permitted to put on the vehicle per year. Exceed that limit and you will face a penalty at the end of the lease. Also, leased vehicles come with wear and tear restrictions, meaning any damage beyond what’s defined as normal in the leasing contract will incur penalties as well.