Buy a Honda vs Lease a Honda

The decision to lease or finance depends on many factors, but most customers make the decision based on monthly payments and how long they typically drive their vehicles.

In general, customers who lease prefer to drive a new car every 2-3 years and appreciate making lower monthly payments. For certain business customers there may also be additional tax advantages with leasing.

Customers who finance their vehicles tend to drive them for five to 10 years and appreciate driving without mileage limitations.

Explore the detailed benefits of leasing and financing below.

Benefits of Leasing a New Honda

Drive the Vehicle at Its Prime

In a lease, you contract to enjoy a new vehicle for a specified period of time. You can also choose to lease one of our premier Honda Certified Pre-Owned Vehicles.

Less Cash Up Front

One of the biggest advantages of a lease is that it does not usually require a substantial down payment. In many states, you can even pay the sales taxes as part of your monthly lease payment, rather than in a lump sum.

Lower Monthly Payment

If the finance period is the same, your monthly payments will generally be lower when leasing (vs. traditional financing) because your payments will be based on the vehicle's estimated depreciation. (You are contracting to use a portion of the car's value, rather than buying the entire car).

A New Car More Often

A short-term lease makes it easy to drive a new car more frequently. Plus, if life changes demand a larger or smaller car in a few years, a lease can make it easier to plan and adapt.

Guaranteed Future Value

You don't have to worry about resale value. If your car depreciates more than the estimated residual value in your lease contract at full term, you can turn it in at the end of your lease term. But if it's worth more, you can purchase it.

Tax Advantage for Business Use

People who use a lease car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.

Benefits of Financing a New Honda

Honda of Kirkland provides affordable, reliable, and competitive financing on new and used Honda vehicles as well as Honda Certified Pre-Owned Vehicles. Our low rates and flexible terms can get you behind the wheel of the Honda you want to drive. You can even add peace-of-mind protection with a Honda Care product that can be included in your monthly loan payment.

See Honda of Kirkland for specific financing terms, and be sure to examine our current offers.

If you typically keep your vehicle for five to ten years, then financing may be your best option. Honda Financial Services may be your best choice in financing your new vehicle, with competitive rates and terms designed to meet your needs.

Pride of Ownership

Ownership can instill a sense of pride. It can also build equity. Payment by payment, an owner's equity may increase.

Drive As Many Many Miles As You Want

This is important to consider if you drive more than 12,000 to 15,000 miles per year.

Customize your vehicle

You can alter the interior or exterior to suit your taste (though your choices may affect the resale value.)

Still can't make up your mind which choice is right for you, come by Honda of Kirkland and a member of the finance team can address your financial needs and questions in person or call us at 800.954.4999.

Real People, Real Honda Dealer Reviews We love our customers. They always seem to say it best.
  • This car buying experience was great. The sales staff was respectful and not pushy. They were able to work within our wants and needs. We have used the service …
    Tim M.
  • My wife and I came in looking for a new CrossTour, Deborah the Finance Manger was the most helpful and informative Finance Manager I have met in my car buying …
    Sam
  • Last time I purchased a car was 14 years ago. So I was apprehensive after stopping at other dealerships and having less than great experiences. BUT WOW, what …
    Tammy
  • I was beginning to shop around for a new car and went to Honda of Kirkland. I ended up speaking with Deborah, the Finance Manager, and she was very helpful and …
    Erin
  • When I made a stop at this dealership, I was torn between quite a few different trucks to bring my family and I to the mountains and back for our ski trips. I …
    Ryan57
  • We were shopping for a new car for my wife. Looked everywhere and finally went to Honda of Kirkland. I wish we had gone there first. Fantastic service! no …
    Susie and Larry
  • This is the third car I've purchased from Honda of Kirkland and this was the best experience of all three. I decided to purchase either the Fit of the Civic. …
    Wendy
  • So happy with the service at Honda of Kirkland! I knew just what I wanted and made my initial inquiry through their internet department. Tom Forbes was the sales …
    Kary