When you have to choose between leasing and financing your next vehicle, we first need to make sure we understand your needs and budget. It's important to know how long you plan to keep your vehicle, how many kilometres you want to drive per year, and how much you're willing to pay monthly. With this information in hand, we can determine which option is best suited to your needs.
Leasing provides a lower monthly payment compared to financing. This is certainly the most interesting benefit of a leased vehicle, but it's not the only one. Leasing can also be more beneficial from a fiscal standpoint if you use your vehicle for work or your business. In addition, leasing is the better option if you like to change your vehicle every two, three, or four years.
Financing is usually more advantageous if you intend to keep your vehicle for more than four years. In addition, there are no mileage restrictions when you finance your next vehicle, as it belongs to you from the start. Also, the amount you allocate to the maintenance and servicing of your vehicle become investments when you finance your purchase.
Contact us today at Excel Honda to learn more about leasing and financing, and the benefits of each option.