Honda Buy vs Lease Financing Options in Ellicott City, MD

Which Option Is Right for You?

Choosing between buying and leasing comes down to how you drive and how long you plan to keep your vehicle. Here's a quick breakdown to help you decide.

Benefits of Leasing

When you lease a Honda through Honda Financial Services, your monthly payments are typically lower because you're only paying for the vehicle's depreciation during your lease term rather than its full value. At the end of your lease, you can purchase the vehicle, return it, or get into a new Honda with the latest features and technology.

Leasing is ideal if you prefer driving a new vehicle every few years, want lower monthly payments, and typically drive fewer than 12,000 miles per year.

Honda Loyalty Advantage

When you lease a Honda, you gain access to Honda Loyalty Advantage benefits. Returning Honda lessees may qualify for special offers when they lease or finance their next Honda vehicle.

Benefits of Financing

When you finance a Honda, you're building equity with every payment. Once your loan is paid off, the vehicle is yours with no further monthly payments. You're free to customize your vehicle, drive as many miles as you want, and keep it for as long as you like.

Financing is the better choice if you typically keep your vehicle for five years or more, drive high mileage, or want the freedom to modify your vehicle's appearance and features.