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Benefits of Leasing a Car vs. Buying

Tuesday, March 24 2015 8:45 AM
By 360 Administrator
Benefits of Leasing a Car vs. Buying

If you’re in the market for a new car, don’t rule out leasing. Of course it’s not the right option for everyone, but knowing the benefits of leasing a car vs. buying can help you make the right decision for your situation:

Enjoy a Low (or No) Down Payment
You typically won’t need as much of a down payment with a lease as you would if you were purchasing a new car.

Get More Car for Your Money
With a lease, you’re not financing the full cost of the car, so the monthly payments are typically lower than a new car finance purchase. That means you can get a nicer car for your budget.

Don’t Worry About Depreciation
With a lease, depreciation and trade in value aren’t concerns. At the end of the term, you simply turn in your car, pay it off, or lease another vehicle. You might even have equity at the conclusion of the lease term.

Always Drive a New Car
If you like having the latest and greatest in technology and safety features, and you plan on always driving newer model cars, leasing is a great way to go.

No Repair Bills
Most leases have a term of 3 years, which is the same amount of time many new cars are covered under a full manufacturers’ warranty.

Tax Benefits
In most states (including Kansas), you pay taxes only on the lease payments and not the full price of the vehicle. Also, leasing a car for business could have tax advantages.

Honda Leadership Leasing
Honda’s vehicle lease program gives you a choice of options so you can enjoy your Honda, worry-free. Choose from flexible terms, mileage, including a wear-and-use waiver. Come see one of our friendly, knowledgeable sales associates to discover all the great vehicles and terms available.

Whether you lease or buy, Scholfield Honda will help you find the car that’s right for you!