Buy vs Lease near Sterling, VA

Getting your hands on a stunning set of wheels doesn’t have to be a struggle, which is why Honda of Chantilly provides both competitive financing and leasing plans on our inventory of Honda vehicles. If you’re wondering how these paths differ or which type of contract makes the most sense for your needs, check out this program overview and contact our Finance Department with your questions. We’re here to help!

New Honda Vehicles

Whether you wish to buy or lease, you’ll have a wide variety of brand-new Honda models to choose from. Though we also offer used options, these won’t be accessible to you if you opt for a lease, so we’ll just focus on our latest arrivals for now. Those in need of a spacious vehicle that can account for both people and cargo with ease can go with an SUV like the compact CR-V or midsize Pilot, while customers who prefer accessibility may end up finding that the Odyssey minivan is their best bet. On the other hand, if you’re a frequent commuter and prioritize efficiency, it’s hard to go wrong with the Civic or Accord, as these sedans bring a lot to the table. 

Leasing 

Prized for allowing customers to drive away in a new Honda for less, leasing has grown in popularity in recent years. By taking part in this type of agreement, you’ll sign up for a two- to four-year contract, during which time you’ll pay an amount that reflects the vehicle’s depreciation since you’ll essentially be borrowing it from us. This is ideal if you’re either trying to save on your monthly bills while still driving something new or wish to change up your ride on a more frequent basis. Just be sure to remember that since you won’t eventually become the model’s owner, you’ll always have a car payment. Furthermore, these plans have yearly mileage limits, so you’ll have to keep an eye on the odometer. 

Buying

Those looking to invest may want to finance a purchase, as doing so allows you to ultimately gain full ownership over a new or used vehicle. After subtracting your initial installment and trade-in value from the sticker price, we’ll break up the balance over a period of four to seven years to determine your monthly rate. Since this amount also accounts for interest, you’ll end up paying back more than the car was originally worth, which can make such plans expensive for some. However, after submitting the final payment, you won’t have to make any further installments. Plus, there’s no limit on how much you can drive. 

Honda of Chantilly would be happy to lend a hand if you’re still trying to decide whether to buy vs lease near Sterling, VA, so don’t hesitate to reach out for assistance. At the end of the day, our goal is to match you with a plan that’s just right for your specific needs!