financial responsibility Archives - Frank Ancona Honda blog

April 20, 2016

Frank Ancona Honda Reviews Your New Car Purchase Options: Should You Lease or Buy that Flashy New Honda

When it comes to shopping for a new vehicle, you should always take into consideration your options. You don’t necessarily need to commit to purchasing a vehicle in order to drive off in that brand new Honda you’ve had your eye on. In fact, leasing is an incredible opportunity that provides a lot of great benefits, as well. Frank Ancona Honda provides plenty of options when it comes to finding the perfect purchase option for their customers. There is always an abundant selection of new vehicles with great lease rates and financing specials available to fit everyone’s ideal situation. Let’s take a look at leasing vs. buying a new Honda.

Leasing is ideal if:

  • You plan to change cars every few years.
  • You always want newest models and technology.
  • You will not be driving over 12,000-15,000 miles per year.
  • You don’t want to worry about constant maintenance.
  • The model you want to drive is out of your purchasing price range.

One of the many current lease specials Frank Ancona Honda is offering is on the 2016 Odyssey SE. To drive off in this brand new Honda, $2,499 would be your total due at signing and then a payment of $279 per month for 35 months would be required with no more than 12,000 miles per year.

image00Amount due at lease signing excludes tax, title, license and first month payment.​ With approved credit through HFS.​ Offer ends May 2,2016

According to Edmunds.com in order to lease a car you generally make a small down payment that is a small portion of the car’s overall value followed by monthly payments. The length of the lease can vary, but generally Honda restricts you to 12,000 to 15,000 miles per year. If this doesn’t seem to fit in with your lifestyle, or you want to own your vehicle, then purchasing may be a better option for you.

Purchasing a vehicle may be ideal if:

  • You will be driving a great deal per year.
  • You would like to customize your vehicle.
  • Would like to eventually not worry about car payments and would like to accumulate equity.

Frank Ancona Honda offers a variety of great financing specials with approved credit to help get you into your dream Honda even easier than before. Currently, the 2016 CR-V is available for purchase with a 0.9 percent financing rate for 60 months at Frank Ancona Honda for a limited time. How great is that?

image01Available through HFS.​ Example $17.06 per month for 60 months per $1.000 financed.​ Offer ends May 2, 2016

Purchasing a vehicle does have its benefits as well. As you pay down the loan, you may gain equity in your vehicle and once the vehicle is paid off you no longer have a monthly fee to pay. While you’re without a car payment, you can use that money towards other expenses or save it. Additionally, you can trade your vehicle in when it comes time to purchase a new vehicle, making it less expensive to get into a new car.

 
Edmunds.com uses a Honda Accord as an example in a comparison of money spent to lease vs. purchase a vehicle. We encourage you to look at the numbers compared here.

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Whether you want to own or lease a car, Frank Ancona Honda is able to assist you in making the decision that works for you! Stop by our dealership to test drive one of our vehicles or feel free to call us at 913-782-3636 for more information.