Buy New Honda vs Lease New Honda from Klein Honda Dealership

Both options come with a Lifetime Warranty and Lifetime Towing Coverage on your new Honda Vehicle when you purchase or lease a new Honda from Klein Honda in Everett, WA!

A short-term Honda lease makes it easy to drive a new Honda car more frequently. Plus, if life changes demand a larger or smaller Honda car in a few years, a lease can make it easier to plan and adapt.

The decision to lease or finance depends on many factors, but most of our customers make the decision based on monthly payments and how long they typically drive their vehicles.

In general, customers who lease prefer to drive a new car every 2-3 years and appreciate making lower monthly payments. For certain business customers there may also be additional tax advantages with leasing.

Customers who finance their vehicles tend to drive them for five to 10 years and appreciate driving without mileage limitations.

Explore the detailed benefits of leasing and financing a Honda below.

Benefits of Leasing a New Honda from Klein Honda Everett

Drive the Honda Vehicle at Its Prime

In a Honda lease, you contract to enjoy a new Honda for a specified period of time. You can also choose to lease one of our premier Honda Certified Pre-Owned Vehicles.

Less Cash Up Front

One of the biggest advantages of a Honda lease is that it does not usually require a substantial down payment. In many states, you can even pay the sales taxes as part of your monthly lease payment, rather than in a lump sum.

Lower Monthly Payment

If the finance period is the same, your monthly payments will generally be lower when leasing (vs. traditional financing) because your payments will be based on the vehicle's estimated depreciation. (You are contracting to use a portion of the car's value, rather than buying the entire car).

A New Honda Car More Often

A short-term Honda lease makes it easy to drive a new Honda car more frequently. Plus, if life changes demand a larger or smaller Honda car in a few years, a lease can make it easier to plan and adapt.

Guaranteed Future Value

You don't have to worry about the Honda resale value. If your car depreciates more than the estimated residual value in your Honda lease contract at full term, you can turn it in at the end of your Honda lease term. But if it's worth more, you can purchase it.

Tax Advantage for Business Use

People who use a Honda lease car for business may find larger tax deductions with leasing than with buying a new Honda vehicle. Check with your tax advisor.

Benefits of Financing a New Honda Vehicle from Klein Honda

Klein Honda Everett provides affordable, reliable, and competitive financing on new and used Honda vehicles as well as Honda Certified Pre-Owned Vehicles. Our low rates and flexible terms can get you behind the wheel of the Honda you want to drive. You can even add peace-of-mind protection plans on your new Honda when you purchase from Klein Honda. 

See Klein Honda for specific financing terms, and be sure to examine our Honda current offers.

If you typically keep your new Honda vehicle for five to ten years, then financing may be your best option. Honda Financial Services may be your best choice in financing your new Honda vehicle, with competitive rates and terms designed to meet your needs.

Pride of Ownership

Ownership can instill a sense of pride. It can also build equity. Payment by payment, an owner's equity may increase.

Drive As Many Many Miles As You Want

This is important to consider if you drive more than 12,000 to 15,000 miles per year.

Customize your new Honda vehicle

You can alter the interior or exterior to suit your taste. 

Still can't make up your mind which choice is right for you, then please come by Klein Honda in Everett and a member of the finance team can address your financial needs and questions in person or call us today. Complete Ownership Satisfaction is what defines Klein Honda. 

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