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Should I Buy or Lease?

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If you’re shopping for a new Honda car, truck, or SUV in the Milwaukee area, you may be wondering, “Should I buy or lease?” While there are benefits to each, deciding which is right for you will be based on what you want and how much you can afford. In this lease vs. buying guide from Morrie's West Bend Honda, the experts in our Finance Center break down the differences to help you decide which option will best suit your lifestyle and budget.

 

Benefits of Buying

  • No Mileage Restrictions: Do you expect to put a lot of miles on your new Honda? If so, buying a vehicle may be the better choice. A car lease agreement includes mileage restrictions.
  • Total Ownership: When you buy a vehicle, it’s yours to do with as you please. You can upgrade, modify, or customize the vehicle, as well as sell it whenever you wish.
  • Financing Options: Car financing can often be more straightforward, even for those with a less-than-stellar credit score. You’ll also have the option to refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: While you will pay more upfront when buying a car, the vehicle actually becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: When you lease a car, both the down payment and ongoing monthly payments will be lower than if you buy.
  • Less Sales Tax: You will only have to pay tax on the down payment and for the monthly payments in most states when you lease a vehicle.
  • Trade-Ins: At the end of the lease agreement, you have the option to upgrade to the newest model. Just stop by our local West Bend dealership, pay any remaining fees, and drive away in a vehicle equipped with the most up-to-date amenities and tech features.
  • Warranty Coverage: A car lease agreement will include warranty coverage for all vehicle maintenance. As long as you stay within the required mileage limit, you won’t have to pay for routine maintenance services. 

Explore Your Leasing & Financing Options at Morrie's West Bend Honda

Make sure to explore our new Honda specials and current offers and incentives to take advantage of some of the best deals in the Brookfield area. We also have a Honda lease return guide that walks you through the Honda lease return process. You can also avail yourself of our convenient online payment calculator to determine what your monthly payments will be, and then apply for financing with us from the comfort of your home. Please reach out if you have any questions or would like more information.

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3215 W Washington St, West Bend, WI, 53095
Morrie's West Bend Honda 43.4262442, -88.2266717.