Summer Time Trade In Values Rise to Control 2016 Honda Inventory

Leasing a Car, Truck, or SUV vs. Buying a Car, Truck, or SUV
 
A question that frequently comes up in every conversation when you are thinking of replacing your current car, truck, or SUV for a newer one is should I consider leasing vs. buying.  Most consumers immediately say "I want to own my vehicle" therefor never open themselves to even the consideration of leasing a new car, truck, or SUV.  This is one of the first misunderstandings by most auto shoppers.   By this I mean if you finance the new or used car, truck, or SUV that you select you don't actually own it because the finance company is the lien holder of the title.  So, stop making payments to the bank and you will quickly discover who the real owner of the vehicle is, yes the bank.  Well leasing is the exact same way where if you stop making payments the auto leasing company (the lender) will show you who the owner of the vehicle really is.  So how you select to pay for your new car, truck, or SUV becomes the real question.  

The advantages of leasing for consumers are you can drive more vehicle for less of a monthly payment, drive a newer car, truck, or SUV more often (typically every 3 years or so), and have a guaranteed future value on a depreciating asset therefor controlling your equity or inequity position.  To find out if leasing a new car, truck, or SUV is better financing a new car, truck, or SUV ask your John Eagle Honda customer service agent or ask to speak with one of our finance specialists.