Contact UsWhen you're ready to upgrade to a new vehicle, deciding between financing and leasing a new Honda is a crucial step in your car-buying journey. At Buerkle Honda, we aim to provide you with the information you need to make the best decision for your lifestyle and budget. Whether you're drawn to the idea of ownership or the flexibility of leasing, our White Bear Lake Honda dealership is here to assist you.
Benefits of Financing a Honda
Financing a new or used Honda HR-V or Pilot can be the ideal choice for those who see value in long-term ownership. When you finance a vehicle, you gain full ownership once the loan is paid off, allowing you to drive without the constraints of mileage limits. This option also lets you invest in equity, which can be beneficial if you decide to sell or trade your CR-V Hybrid or Civic in the future.
Read More: Ask a Finance Expert
Benefits of Leasing a Honda
Leasing a Honda in White Bear Lake is a great option for those who enjoy the latest models and want to keep monthly costs lower. Leasing typically requires a lower initial cost and offers reduced monthly payments compared to financing. This option also provides the flexibility to upgrade to a new Honda Ridgeline or Odyssey every few years, ensuring you always have access to the latest features and technology. Additionally, lease terms often align with the vehicle's warranty, minimizing out-of-pocket repair costs for covered issues.
Read More: Honda Leasing Advice
Is Buying or Leasing a Honda Right for Me?
At our MN Honda dealership, our finance specialists are ready to help you weigh the benefits of each option. We'll work with you to develop a plan that suits your needs and lifestyle.
Visit Buerkle Honda to explore our diverse financing and leasing solutions. Whether you decide to finance or lease, our dedicated team is here to offer personalized advice and support. Contact Buerkle Honda today to learn more about your options and find the perfect Honda for you.
| Leasing a Car | Buying a Car | |
|---|---|---|
| Ownership | Pay for use of your new car and upgrade to a new model once the lease reaches its maturity date | Pay for complete ownership of the vehicle and have its title in your name |
| Agreement Terms | Buy, upgrade, sell or return the vehicle | Vehicle is yours until you sell it |
| Mileage Limits | Mileage restrictions are determined by lease terms | No mileage restrictions |
| Down Payment | Usually comes with lower down payments and less money upfront | Normally comes with a higher down payment |
| Monthly Payments | Generally lower monthly payments | Typically higher monthly payments |
| Maintenance/Wear | Required to get service according to lease term recommendations | Responsible for any repairs not covered in your warranty |
| Customization | Customizing leased models is prohibited | Customize your vehicle as you please |
