When it comes to buying or leasing a Honda car, whether brand new or used, it really comes down to each person’s situation. What works for some may not work for others. There are good and bad points associated with each method. The trick for every person is to see which option is better for them.
You have to think about what your situation’s like right now and also how you see it in a few years, then make the best judgment possible. Here are some of the best reasons for leasing a car.
1. Lower Payments
One of the main reasons leasing is so popular and will carry on being popular is due to the lower payments. Though it varies, in general, an auto loan payment is about 20% more than a lease payment.
2. A New Car Every 3 Years
This is a very attractive option for many people. Depending on what you sign and the terms and conditions of the agreement, you can trade your current car for a brand new one (a current-year model). This is an incredibly tempting feature which many people take advantage of.
Some people just like to have new cars, so this undoubtedly sways them towards leasing. Also, there may not be an increase in their payments, which is another huge attraction.
3. Less Tax
In general, when you lease a car, you end up paying less tax. The reason for this is that you pay the tax only on the monthly payments instead of the full price of the car.
4. Getting Rid Of Old Car Is Hassle-Free
When your lease period for the car is over, it’s as simple as taking it back and hopping into your new car and zooming off. If you have your own car and wanted to sell it, there are needless hassles involved. These include the very likely possibility of losing some time and money.
5. Always Under Warranty
Perhaps the most important reason to give you peace of mind is the fact that your leased car is always under warranty. There may be certain stipulations and it is also down to you to play your part responsibly. That being said, any mechanical problems and costly repairs won’t be on your shoulders. Bring the car to the dealership, let them know what the problem is, go outside and enjoy your cigar!
6. Less Maintenance
If you buy your own car, you’re bound to spend money on maintenance. Remember, many things are required to maintain your own car. Many things can go wrong. Parts need replacement and it can get pretty expensive. With a leased car, you don’t have to worry as much.
Leasing is a good and affordable option. If you have your own car, it may rust, lose value and eventually, you’ll replace it anyway. With leasing, you’ll always have a car that’s pretty new and in good shape.