Finance vs. Lease a new Honda Quiz | Dover Honda

Discover if You Should Finance or Lease a New Honda

1. Do you have a substantial down payment?

A) Yes, I do. B) No, I don’t have much for a down payment.

2. How long do you plan on driving the vehicle that you purchase?

A) I plan on driving this vehicle for several years. B) I plan to drive to vehicle for a few years.

3. Are you looking for the latest in advanced technology and features?

A) No, I don’t always need the latest, most up-to-date features. B) Yes, I want all of the updates and prefer to have the most recent model year.

4. Will you be customizing your new Honda?

A) Yes, I love putting my own touch on my vehicles. B) No, I plan to drive the vehicle as is.

5. How do you feel about dealing with maintenance and repairs?

A) I don’t mind paying for service and repairs. B) I’d rather let the warranty cover vehicle maintenance.

6. Do you drive frequently?

A) Yes, I log a lot of miles on my vehicles. B) No, I don’t drive frequently or long distances.

Which is it, Financing or Leasing?

Mostly As: Financing! Because you want to be able to customize your car and you’re a frequent driver, buying makes sense. You have a good down payment, which will help make your payments affordable, and you don’t mind maintaining your vehicle for years to come.

Mostly Bs: Leasing! You won’t be driving your new Honda frequently, so you shouldn’t have to worry about paying mileage fees at the end of your lease term. Leasing allows you to upgrade your vehicle regularly, so you can take advantage of the latest features. Because you don’t have a large down payment, leasing will be the more affordable option.

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