Key from the car and the calculator on money

Monticello Drivers Find Outstanding Auto Financing with Middletown Honda

Auto financing can be tricky, especially when you’re not sure whether leasing or buying is the right way to go. Luckily, Monticello drivers can come to Middletown Honda for informed, impartial advice. Our team will take the time to understand your situation, and then find the best auto financing option to meet your needs.

We’re less than a half hour’s drive away, so just follow these directions to find us:

  • Get on NY-17 E from Liberty St and High St
  • Follow NY-17 E to NY-211 E in Wallkill. Take exit 120E from NY-17 E
  • Merge onto NY-211 E, and find Middletown Honda on your right at 520 New York 211.

We’ll help you decide which option will work best, but here’s a basic rundown of the benefits and drawbacks of both leasing and buying to help get you started.

The Benefits and Drawbacks of Leasing

Leasing a vehicle means that your monthly payments won’t represent the whole value of the car, just the portion which you’re going to use; costs will be lower than with buying, and so will your down payment. It’s also a more convenient option. Lease terms tend to run for the length of the original warranty – so no worries there – and you’ll be assisted by the dealership with a number of end lease options at the end of the contract. Additionally, changing vehicles every few years will mean never being far removed from the latest features.

However, you will be subject to a number of restrictions. Mileage is the most important one to consider as most terms offer only 9,000, 12,000, or 15,000 miles each year. You’ll also be unable to make anything more than the slightest of alterations.

The Benefits and Drawbacks of Buying

Auto financing might be costlier when you’re buying, but you’ll be building equity instead of essentially just renting. The car is all yours once the loan is paid off, so you’ll end up saving if you keep it for a long time. Monticello drivers will also be able to drive as much as they want, so this is a good option for those who frequently make long journeys.

Purchasing does come at the cost of a higher down payment and higher monthly payments. You might be able to recoup that by selling, but it’s notoriously difficult to predict how well a car will hold value. You’ll also need to think about extended warranty terms if you’ll be driving the vehicle for more than three or four years.

Monticello Drivers Trust Middletown Honda for Affordable Auto Financing

We aim to be the top Honda dealership in the area and we hope Monticello drivers make us their first stop. For more information, just contact one of our team members today, or come on down to the showroom at your earliest convenience.