The Advantages of Leasing and Buying

Leasing vs. Buying Your New Honda: Which is Best for you?

Certain vehicles fit certain drivers better than others. Similarly, differing finance packages work best for the diverse clients our New York dealership works with every day. The hardworking finance team here at Nardy Honda offers drivers from Smithtown, Farmingville, Commack, Middle Island, Holbrook and Kings Park a variety of loan and lease packages, and can also help you decide which will work best.

Advantages of Leasing Your Honda

  • You get to upgrade every few years - Since lease agreements are customarily shorter than financing packages, this allows you to stay up-to-date on all the new features related to performance, on-board connectivity and comfort that Honda offers when you trade in your lease for a newer model every two to three years.
  • Lower monthly expenses - In addition to lower down payments and lower monthly payments, many of the lease packages we offer at Nardy Honda Smithtown include the costs associated with routine maintenance and repair, which can save you money on things like oil changes, tire changeovers and glass replacement.
  • You're not paying for the full cost of the vehicle - Honda lessees only pay sales tax on the portion of the car's overall cost that's included in their lease package.

Advantages of Buying Your Honda

  • Your monthly payments go towards ownership - When your schedule of payments ends on your Honda finance package, you own the vehicle outright. That means it's yours to sell, or trade-in at any time. That makes financing a great way to invest in the resale value of your vehicle without beholden mileage limits inherent in many leases.
  • More upgrade/option choices - Since financing allows you to pay off a larger initial cost over a more extend period of time, you may be able to include additional Honda tech features and interior accessory upgrades not included in many lease packages.
  • There's no limit on your driving - Choosing a financing package over a lease package also gives you the freedom to transport your new Honda vehicle between states, or even foreign countries without contacting a dealership, making it a great option for those who travel long distances by car.

The Nardy Honda Smithtown team is here to help drivers near Long Island determine which purchase package is best for them in the friendly, hassle-free way that's made us a favorite of drivers across the region. Visit us today to learn more about your options or contact us with any questions.

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