When it comes time to get a new vehicle, one of the biggest decisions is whether to lease or finance. Leasing and financing are two different methods of vehicle acquisition, each with its own set of benefits and considerations.
Leasing a Vehicle
When you lease a vehicle, you're essentially renting it for a set period of time, typically two to four years. Some of the main advantages of leasing include:
- Lower monthly payments compared to financing
- The ability to get a new vehicle every few years
- The vehicle is usually covered by the warranty for the duration of the lease
Financing a Vehicle
If you choose to finance a vehicle, you're borrowing money to purchase it and will make regular monthly payments until the balance is paid. The main benefits of financing include:
- Vehicle ownership
- No mileage limitations
- The ability to modify or sell the vehicle as you wish
Still Not Sure Whether to Lease or Finance? Contact Us to Learn More
At Duval Honda, we offer leasing and financing options to help you get into the vehicle you love at terms that suit your budget and lifestyle. Our knowledgeable team is here to answer any questions you may have and guide you through the process of leasing or financing your next vehicle.
