You’re ready to have a new car from Apostolakis Honda, but you may be debating whether to lease vs buying a new car. The answer can depend on your unique situation. The question “should I buy or lease?” is one of the most common questions that Warren drivers bring to our finance center, so we’ve written this helpful guide.
If you’re choosing between a lease vs. buying, keep in mind that they have different costs over time. Depending on your financial situation you may prefer one option over the other. We’ve explained the difference in detail here:
The Bottom Line: Most Boardman drivers only keep their vehicles for an average of three years. Everyone wants to get the latest features. If you plan on switching your car frequently, leasing is probably the better option. If, instead, you can take the upfront cost and want to save money in the long term, connect with our finance team to explore your options for buying.
The Bottom Line: How do you plan to use your vehicle? If only for short commutes where you won’t accrue a lot of mileage, then a lease would be suitable for you. If, instead, you’ll be going on long trips out of Boardman on the weekends, purchasing your vehicle would be better.
The Bottom Line: Many people treat performance driving and vehicle customization as a hobby. If that sounds like something you’d be interested in, leasing will make it difficult.
The Bottom Line: The simplicity of leasing is a major draw for many people, and it leaves the option of purchasing the vehicle. If you’re comfortable maintaining and then reselling a vehicle, trading in a purchased vehicle can help you purchase a new vehicle.
We hope that now you have a better idea of whether you want to buy or lease your new vehicle. If you still have questions, feel free to contact us and we’ll happily answer them. Don’t miss our new car specials either!
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