Buying or Leasing a Car in Dayton, OH
Are you going back and forth on whether you should buy or lease a car? At Honda of Beavercreek, we understand the decision is not the easiest. What may be right for one person may not be the right decision for you. There are many factors that you should consider before making this decision.
We hope this information is helpful to you. If you have any questions, please contact a member of our finance team by calling (877) 860-3132. We are here to help you make the best decision that suits your needs.
Buying a Car vs Leasing a Car
You will own the car at the cost of the entire vehicle purchase price. You have the option to pay with cash or apply for auto financing. If you decide to obtain a car loan to purchase your vehicle, the lender will take your credit history into consideration and if you have a down payment. Having a down payment can drastically lower your monthly car payments.
If you finance your vehicle, once your car loan is paid off the car is entirely yours. You may want to save money and hold on to your car, trade it in for a new car or sell it independently. Whatever your choice may be - it's all yours!
Remember buying a car is a big investment and the best way to get the most money out of it, is to maintain it on a regular basis. Please follow the recommended services in your car owner's manual.
You will not own the car. When you lease a car you're not paying for the car- you're paying to use the car. More than likely, your monthly payments will be less than if you were to buy the car. If you decide to lease a car, you usually do not have to provide a down payment. Even though, it would benefit you if you would like to obtain a lower monthly payment. Typically, you will have to pay the first month's car payment, acquisition fees, taxes and a security deposit.
There are guidelines to follow when leasing a car; be sure to stay within the prescribed mileage limits, follow the wear and tear guidelines and keep the car in good condition. If you put a lot of miles on your vehicle, you might want to reconsider leasing a car. Keep in mind, there's always an option to purchase the vehicle at the end or during your lease.
Leasing is great for people who like to get into a new car every few years and that don't put a lot of miles or wear and tear on their vehicles.
Are you interested in finding out what your used car value is? Find out your trade in value online today by simply using our Trade In Service.
No matter what decision you choose, at Honda of Beavercreek, we are here to make sure you fully understand all terms and guidelines before any paperwork is started. We want to make sure you're happy and satisfied with your new car whether you purchase or lease. We look forward to serving you!