Search Inventory

 

Should I Buy or Lease?

Honda Accord Driving on City Street


For Goshen shoppers looking for a new vehicle, there are multiple financial paths to take to get behind the wheel of the car they desire. Weighing leasing vs. buying is an important step to take in the shopping process to ensure you make the best move for your financial situation. When asking yourself, “Should I buy or lease,” you need to consider what your needs are, what you can afford, and what you want. Let’s take a look at the benefits that come along with financing and leasing, so you know which is right for you!

Reasons to Buy

  • Total Ownership: Enjoy total freedom when it comes to your vehicle because you own it. There are no restrictions in the way you modify, drive, or decorate it.
  • Unlimited Mileage: Without the mileage limits you get on a leased vehicle, you’re free to drive as much as you want. If you travel a lot for work or play, buying may be your best bet.
  • Personalization: Add performance parts and accessories, or customize with colors and more!
  • Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward.
  • Less Cost Over Time: While the initial payout will be higher than leasing, the cost of ownership decreases over time.
Family walking to Honda Odyssey

 

Reasons to Lease

  • Lower Payments: With lower monthly payments and low or no down payments, leasing is more affordable upfront.
  • Lower Sales Tax: In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Options: Leasing often allows drivers to afford higher trim levels and more advanced features than if they purchased. In addition, drivers can upgrade their vehicles every few years to get new tech.
  • Trade-Ins: Upgrading your vehicle is simple when you lease. Make your way to your local Middletown dealership, pay any remaining fees, and pick out your next model.
  • Great Coverage: Warranty coverage and maintenance is easy when leasing. As long as you adhere to your mileage limit, any issue that arises should be covered.
Woman walking to Honda Civic

Find the Right Way to Your New Vehicle at Middletown Honda

When choosing to lease vs. buying, you’ll want to take all of the above factors into account to learn how to buy a new car and to make sure you pick the path that works best for your financial situation. If you need more advice on which financial option to pick, feel free to get in touch with the finance center at Middletown Honda for more car buying tips!

More From Middletown Honda

  • What is the Honda Sensing® Package?

    Honda drivers in Monroe know that safety is one of the many things Honda vehicles excel at. So, what is the Honda Sensing®? Along with the excellent safety ratings of new Honda vehicles, the Honda Sensing® package is more proof of the car brand’s commitment to keeping drivers safe on %target_city_2%% roads.Thanks to the array…

  • 2020 Honda Passport Reviews

    The 2020 Honda Passport reviews celebrate this Honda crossover’s commitment to efficiency, innovation, and more, highlighting in particular its spacious interior and cargo space. If you’ve been shopping for a new SUV in Middletown, read what professional auto critics are saying about this exciting model. View Passport Inventory What are the 2020 Honda Passport Reviews…

  • How to Use Paddle Shifters

    Contact Us You may have seen paddle shifters listed as standard or available features on new Honda models, but what do paddle shifters do? Find out what they do, and how to use paddle shifters with Middletown Honda’s sales team. Then reach out to us for help finding the right Honda model equipped with paddles shifters…

Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

(855) 473-3053

Call Now

520 Rte 211 E • Middletown, NY 10941

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 8am-7pm

Open Today! Parts: 8am-7pm

DI Move Pixel
Middletown Honda 41.461254, -74.374162.