Jan 30, 2025

When you decide on a new Honda, you always have the choice to buy or lease. They’re equally good, as you will receive a stylish, powerful, and fuel-economical Honda. Your correct choice depends on your personal requirements, views, and lifestyle. As your Honda dealership, we want to advise you on some of the leasing benefits you receive if you choose this option.

A person leasing a new vehicle near Indianapolis, Indiana

Lower Maintenance Costs

Maintenance costs can add up over a vehicle’s lifespan. As a vehicle ages, more costly components and systems require replacement, for example, the alternator and catalytic converter have an average working life of eight years. When you buy a vehicle and intend to keep it for years to come, these costs have to be budgeted for.

Leasing allows you to reduce maintenance costs significantly. You are responsible for scheduled maintenance as part of your Honda lease, but a new vehicle’s maintenance needs are low. Lease options range from three to five years, so your lease will expire before you need to consider planning for most component replacements.


Reduced Monthly Costs

Most drivers who buy a new car pay for it on finance. Finance charges for an auto loan can be high, particularly if you have a credit score that needs some improvement. This could mean you have to choose a vehicle with a lower trim than you’d like.

When you lease a vehicle, monthly lease payments are usually lower than monthly repayments on finance. This gives you the option to acquire a higher trim than you would otherwise be able to afford. You can reduce lease charges further by choosing a longer lease term or opting for a lower annual mileage in the lease agreement.


Late Model Availability

When you buy a car, its technology, safety systems, and other features will become less current as time passes. If you want a more advanced vehicle with all the latest features, you must sell or trade your old car.

If you choose to lease, your lease car is new and has all the latest technology. The standard lease agreement is for three years. When your lease expires, you can start a new lease and choose a brand-new car with more high-tech features and systems.


Complete Warranty Protection

All new Hondas have a comprehensive warranty. These warranties protect them against any unforeseen issue with the materials or labor used in their manufacture. If you buy a vehicle, your warranty will eventually expire. You can choose an extended warranty, but this could increase your costs.

These are just some reasons why leasing can be a good choice. If you’d like to know more, contact us today at Ed Martin Honda in Indianapolis, IN.