Buying vs. Leasing

A Trusted Honda Finance Center

Buying a new car is a big decision, but deciding on a model isn't the only important choice you'll have to make. Auto loans and car leases are both great options for those shopping for a vehicle, but finding the best plan for you might take a little research.

Read on to learn the key differences between car loans and lease, then come see the experts at our certified auto finance center. Visit us today at D'ELLA Honda of Glens Falls - a trusted Queensbury Honda dealer.

Stay Current With A Car Lease

The most important difference between a car lease and an auto loan is, when you lease an automobile, you aren't actually buying it.

You may be thinking, "Why would I pay for something I'll never actually own?" Well, there are perks to this idea that might just benefit you. First, let's explain how these plans work. Car dealerships lease vehicles for a few years, and when the lease term is up, the driver typically returns the vehicle. Since the dealership expects to get the vehicle back, you won't be charged the entire price of the car. Instead, you'll only pay the estimated depreciated value of the automobile over your lease term. Long story short, you pay less, which typically results in lower monthly payments.

Another great perk is that car lease terms are usually shorter than auto loan terms. This means you can upgrade to a newer model much sooner than if you financed your automobile. So, if you've had your eye on the new Honda Passport, you'll be ready to sign a new plan in no time.

Learn more about all of your Honda lease and loan options today. Schedule a test drive at D'ELLA Honda of Glens Falls, serving Queensbury, Lake George and all of Warren County.

Go The Distance With An Auto Finance Plan

An auto loan is another great option, and depending on your driving habits, future plans and more, it might just be the way to go.

Commonly referred to as financing, purchasing a vehicle with a car loan allows for a ton of liberties. That's because, once you've finished paying off your loan, you'll own your vehicle free and clear.

What kind of liberties? For starters, you'll be free of mileage restrictions (a common occurrence in car lease terms). That means impromptu weekend road trips are always in play. Customization is also allowed. So, whether you're hoping to put bigger wheels on your Honda Ridgeline or a nifty spoiler on your Honda Civic, you won't have to answer to anyone.

Another perk to consider is the auto loans are available for used cars and Certified Pre-owned vehicles as well. If you're hoping to buy a car for the long haul, a car loan might be the option for you. Schedule a visit to our elite auto finance center in the town of Queensbury. Call D'ELLA Honda of Glens Falls today.

Finance Feedback From The Experts

If you're still not sure about which option is for you, stop by the D'ELLA Honda of Glens Falls finance center today.

Whether you have questions about loan amounts and annual percentage rates or you're curious about credit scores and credit reports, our certified professionals are here to help. You can also find help with our exclusive online resources. Get a quote on your trade-in, plan your budget via our payment calculator or get pre-approved for financing all right here on our website.

Begin your car-buying journey today. Reach out to the experts at D'ELLA Honda of Glens Falls.

Visit Us Today In Queensbury, NY

Ready to drive home in your new Honda? Call and schedule your visit today!

We're here 6 days a week, eager to help you find the car of your dreams. Learn all you need to know about auto loans and car leases at your premier Queensbury Honda dealer. Stop by D'ELLA Honda of Glens Falls - where D'ELLA Does It!