This site was designed for the latest version of Chrome, Firefox, Safari, and Internet Explorer (version 10+). Some features may not work correctly in your browser.OK
8294 W Grand River Rd, Brighton, MI 48114
Sales, Service and Parts: (810) 494-6100
Buy vs Lease: Which is Right for You?
Are you trying to decide whether to purchase or to lease a car can be difficult? To help you out, here’s a quick breakdown of the pros and cons associated with both options:
If you lease a vehicle, your monthly payments will be particularly low. However, you will ultimately have to return the car.
If you purchase a vehicle, your monthly payments will probably be much higher. However, the vehicle will eventually someday be yours.
Leased vehicles must be well maintained, even cosmetically, or you may be subject to fines and fees.
You can alter a purchased vehicle however you may like, but you’ll be stuck with any crazy cosmetic decisions you make for years to come.
If you opt to lease, you’ll eventually get the opportunity to choose yet another car, enjoying whatever the latest model is that the market has to offer.
If you purchase a vehicle – as long as you keep it in good shape – you may never have to go through the trouble of obtaining a new vehicle again.
If you are unsure of what the future has in store for you, you may want to lease a vehicle. On the other hand, if you’ve got plans for it, purchasing is the right choice for many drivers.
In summary, you need to take a hard look at your finances, your preferences, and your future plans, before you make this difficult choice.
Still need more help? Visit us anytime, right here at Brighton Honda, where we’d love to hook you up with our finance department and help you explore our many available vehicles for both purchase and lease.