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What’s the difference between buying and leasing a car?

By Product Expert | Posted in Tips & Tricks on Thursday, August 13th, 2020 at 7:37 pm
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Financing vs Leasing a Vehicle 

For car shoppers who are looking for more options to choose from, we have the answers you’ve been looking for. Here at Rossi Honda, we want to offer drivers the best shopping experience possible. We have many new Honda vehicles for you to choose from. We can show you the differences between financing vs leasing a vehicle to help you see which option is right for you.  


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Differences 

The difference between financing and leasing is ownership. Financing a vehicle is the more traditional route. Shoppers make a down payment and then pay off their car loan at a monthly rate for 60 to 72 months, at which point they will then own the vehicle. Leasing offers a smaller payment per month, and the agreement lasts about 24 to 36 months. At the end of the lease agreement, shoppers can lease another new model or pay off the rest of the vehicle to own it.  

Benefits 

The benefits of financing are ownership and no driving limitations. Many lease offers require drivers to only drive so many miles per month or year. Financing a vehicle means that you can pay less on your monthly bills while driving a new model around town. This can be helpful for people who do not want to pay for a new car but need some mode of transportation around town.  

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Financing vs leasing a vehicle can be a difficult decision, but our team is ready to help you find exactly what you are looking for. We can help you find the right Honda vehicle for your needs and match it with a great offer to fit your lifestyle. You can learn more about our Honda vehicles by visiting our online inventory and schedule a test drive with us at Rossi Honda today. 

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