Lease vs. Buy

Buying

Pros:

• You own the vehicle
• No mileage limits to adhere to
• Can customize or modify the vehicle as you please
• Ability to trade the vehicle in
• Gain equity

Cons:

• Substantial down payment
• Vehicle quickly loses resale value
• Higher payments than leasing
• Interest on monthly payments
• Responsible for paying for repairs
• Potential for negative equity

Leasing

Pros:

• Low down payment
• Lower monthly payments
• A new car every 2-3 years
• Car repairs are covered under warranty

Cons:

• Can incur extra fees if you exceed mileage restrictions
• Can't modify the vehicle
• No potential for building equity
• Have to maintain quality of a new vehicle

It all comes down to what you need from your vehicle, and the type of driving that you plan on doing. If you won't be putting much mileage on the vehicle, getting a Rock Honda Lease from our dealership may be the best option for you. Think of a lease as a long-term rental. You'll have to keep the car in top shape, but after about three years, you can get behind the wheel of an even newer Honda model.

If customizing your vehicle to fit your specific needs and desires is more of what you're interested in or if you're a high-mileage driver, your best bet is to purchase the vehicle outright. By opting to purchase the car, you can even help out your own credit score. If you're still unsure or have some questions that haven't been answered, the friendly and knowledgeable staff at our finance department is available to help. For more information or to get your car-buying or leasing process started, Contact Rock Honda.