Honda

2260 Crain Highway
Directions Bowie, MD 20716

  • Sales: (844) 327-8860
  • Service: (866) 922-6765
  • Parts: (866) 476-4585
Info

Buy vs Lease

At DARCARS Honda, once you've found that vehicle you want in our new Honda lineup the question then becomes which option are you going to choose when it comes to financing. Would you like to buy your vehicle through an auto loan, or would you prefer to lease? Which option is right for you? How does each option work?

Those are all questions we'll gladly answer for those in Bowie, MD and beyond. The truth is, it really does depend on you, and what route you want to take. But, with the help of our lease and finance team, we'll go over all your options, and find the best terms that work within your needs, no matter what you decide.

But, how do you make the distinction? Well, we've broken it down for you.

Buying a New Honda with an Auto Loan

At the dealership, we'll negotiate a monthly payment through Honda financing, or other established financial institutions. After we factor in down payment along with other processes, we will find a monthly payment that works for you. You pay the insurance, taxes, and a deposit on the first monthly payment.

  • Each month you pay the monthly payment, and once those payments are done, you completely own your Honda!
  • When you buy, you don't have mileage restrictions, making it a good option for those who travel a lot in their vehicle
  • We cover you at our Honda service center as you have warranties, and you won't be charged fees on any wear and tear guidelines, that you might get with a lease

Leasing a new Honda

When you lease, you're paying a portion of the vehicle's value over a set amount of time. There are terms and conditions, but once the lease is up, you have options. To get started you pay the first payment, insurance, a security deposit, and government or lessor charges, and will throughout the lease terms.

  • Each month, you pay a monthly payment, which goes toward paying off the lease agreement terms
  • In a lease you have mileage restrictions, which you agree to on signing. If you go over, you are charged additional fees

  • You also can be charged if your Honda lease has wear and tear not covered by us, so again, make sure you visit our service center
  • A lease gives you flexibility. You can buy out the lease at the end of the terms at the vehicle's residual value, you can enter a new one, or walk away from the lease. If you like to upgrade your ride every few years, leasing is a great way to do that, while giving you an affordable payment plan

If you'd like to learn more about Honda lease and car loan options, feel free to contact us today at DARCARS Honda in Bowie, MD. We'd be happy to answer any questions, and arrange test drives at your convenience.

Learn More Today

Contact

DARCARS Honda

2260 Crain Highway
Directions Bowie, MD 20716

  • Sales: (844) 327-8860
  • Service: (866) 922-6765
  • Parts: (888) 476-4585
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