/Lease vs. Buy Near Gladstone, OR | Honda Dealer Near Me
Shopping for a new vehicle means you’ll have a lot of decisions to make. At our beautiful showroom at Swickard Honda, we not only have a great team that can help you to find the right fit from our selection of new Honda cars, but we also have a finance department ready to go over your buying or leasing options. For some people, leasing is a great choice when you want a new vehicle but you are not quite sure if a purchase is the right way to go. We’ve put together some information to help you decide what works for you:
When You Should Lease
One of the reasons someone might lease a Honda CR-V or other model is to avoid the depreciation that a new car purchase comes with. With a lease, you’re only paying for the depreciation that occurs over the lease term. Although you miss out on the equity that you get with a purchase, you enjoy a shorter term commitment, a great selection of vehicles, and you have the option to buy the vehicle, lease a new one, or walk away when your agreement is up. Leasing is nice for someone who likes to have a brand-new car every couple of years.
When You Should Buy
If you think you want to look through new Honda specials to buy a new car, then you’ll enjoy the building up equity and pride of ownership. You can drive the vehicle for a few years, pay it off, and then enjoy it without regular monthly payments. If you are ready to upgrade in the future, you can then use the equity that built up when you trade in. Another reason why someone may prefer buying over leasing is that they have the ability to customize their vehicle with parts and accessories. Additionally, there is no worry about going over the mileage cap that you may have with a lease agreement.
Financing a Honda at Our Dealership
We are ready to help you navigate your new Honda lease here at Swickard Honda. You can come in to talk with our Honda financing specialists at the dealership at 19400 SE McLaughlin Blvd in Gladstone, OR. We also have handy financing tools available on our website where you can value your trade and fill out an online financial application to get the ball rolling. Be sure to check out any of our current lease specials on our new Honda models!