Why Is Leasing a Car a Good Idea?
There are a lot of exciting things happening in and around the world of Honda cars, trucks and SUVs available at the Bannister Honda showroom. Over the last few years, more and more Bannister Honda customers have taken advantage of the fantastic leasing offers that have been available. While automotive leasing is increasing in popularity, there are still many customers that are unsure why leasing a car is a good idea. Follow along with us as we take a closer look at some of the top benefits of leasing a Honda vehicle.
READ MORE: Which is Better: Financing or Leasing?
Leasing For Less Each Month
Let’s get right to the best part of leasing a Honda vehicle. In most cases, a person leasing a Honda car, truck or SUV will have a lower monthly cost compared to someone going through traditional financing channels. The difference between the two forms of getting a new vehicle can be quite substantial.
Depreciation is an unfortunate reality in the automotive world. All vehicles lose value over time. New cars have the most significant drop in value right after they are purchased. When someone is leasing a vehicle, they are paying for that drop in value, not for the entire car, truck or SUV. That’s why leasing costs less each month than taking out a loan.
Get a New Car Much Faster
The second most popular reason people choose to take out a Honda lease is that Bannister Honda customers can take home a new vehicle on a much shorter timeline. A lease term is generally only a couple of years long. That means you’ll always be behind the wheel of the latest Honda platform with the latest features and equipment.
Additionally, leasing means that your vehicle will be covered by the manufacturer’s warranty for the entire time it’s in your possession.
Easier Options at the End
When someone buys a car, they need to make a bunch of decisions about what to do when they want to get a new one. Should they sell it privately? Should they trade it in? What needs to be repaired and what can be left alone? It’s enough to drive a person mad. However, when a lease ends, a Bannister Honda customer has three very attractive options. All of them are designed to be as hassle-free as possible. At the end of your lease you can:
- Turn in the current vehicle, and start a new lease
- Buy the vehicle you’ve been leasing
- Turn in the vehicle and walk away
Each one of these choices has pros and cons. A Bannister Honda product expert will be happy to walk you through these options.
Everyone has a different financial situation and not everyone may qualify for a Honda lease. Please make an appointment with Bannister Honda, today, and our team will help get your journey started toward your next vehicle.