Honda of Weatherford

Should I Buy or Lease My Honda?

Buy or Lease


When it comes to shopping for a new car at Honda of Weatherford, Fort Worth, and Weatherford area auto shoppers have more than one way to get behind the wheel of a new ride: they can either buy a vehicle or lease one. This can be a tough decision to make depending on your driving habits, financial situation, and personal preferences, but our team of financial experts are here to help break down the differences between buying and leasing. From mileage restrictions to monthly payments, we'll help you determine which option is best suited to your needs so you'll feel confident no matter which route you decide to take!



Buying Leasing
Pros:
  • You own the vehicle
  • There are no mileage restrictions
  • The vehicle is yours to customize however you see fit
  • You can sell or trade it whenever you want
  • Gain equity
  • Typically lower payments/down payments
  • Can drive a newer model more frequently
  • Normal repairs are generally covered by a warranty
  • Easy to return after lease
Cons:
  • Large initial down payment
  • Monthly payments and interest on monthly payments are higher
  • Can be a hassle to sell or trade-in
  • You're responsible for repair costs
  • Can develop negative equity
  • Extra fees if you exceed mileage restrictions
  • Can't make modifications to the vehicle
  • Responsible for excessive wear and tear fees
  • Costly charges for ending the lease early
  • Can't build equity


Whether you purchase or lease one of the many new Honda models for sale on our lot, our finance team is more than ready to help you out. The experts at our Honda finance center have plenty of experience and resources at their disposal and can help you find the best auto loan options for your specific financial situation. With our competitive lease and purchasing options, you can realize your dream of owning a new car.

Feel free to contact us online if you have any questions about the leasing or purchasing process. We can't wait to help you into a new Honda vehicle!