Decisions are a part of life, and the financial choices you make are some of the most important. Here at Nardy Honda Smithtown, we know it can be tough to decide between buying or leasing a new car as you could be unsure about the benefits of each. Determining which is best for you depends on your individual circumstances and what you want out of a vehicle. Read on to learn more.

What Leasing Has to Offer

A lease can offer the right buyers numerous advantages. For instance, if you're someone who enjoys driving the newest car with the latest technology, leasing might be a good path for you. That's because a lease term is usually only about three years. You'll also have a lower monthly payment, meaning you can probably afford a vehicle with more features and upgrades than you could if you were financing. In addition, when you lease, you can count on a strong warranty with few maintenance costs.

Advantages of Traditional Financing

Buying a car is probably the best option if you see your car as an investment and hope to one day own it payment-free. When you make that last payment, the vehicle belongs to you. You'll have fewer restrictions with an auto loan, and you can make any modifications you desire. There's also no need to worry about being restricted by yearly mileage limits.

Perhaps you have a better idea of whether you'd rather buy or lease a new Honda. We invite you to visit us at Nardy Honda Smithtown, where you can talk to our finance team to discuss your best option and explore the many resources we have to offer. We look forward to helping you drive away in your next new Honda vehicle.

Categories: New Inventory, financing