Leasing vs Buying

The decision to lease or finance depends on many factors, but most customers make the decision based on monthly payments and how long they typically drive their vehicles. In general, customers who lease prefer to drive a new car every 2-3 years and appreciate making lower monthly payments. For certain business customers, there may also be additional tax advantages with leasing.

Customers who finance their vehicles tend to drive them for five to 10 years and appreciate driving without mileage limitations.

Explore the detailed benefits of leasing and financing below, and don’t forget to check out more helpful features such as how to connect Apple CarPlay or Android Auto for your vehicle or how to calculate the interest rate on a car loan.

Leasing vs Buying a new Honda