Buy vs Lease near Washington, DC

Are you interested in getting a new Honda model for future adventures around Washington, DC? This Honda of Chantilly guide explores different ways you can purchase vehicles like the Honda Civic Sedan and HR-V when they’re fresh from the factory.
Buying
Shoppers who are looking for long-term ownership of a Honda Accord Hybrid or CR-V Hybrid should buy these vehicles or others like them from our dealership. Even though you can purchase a new car with a large sum of money, it's more practical to fill out a finance application for an auto loan. Doing so will allow you to split the total cost of the Honda into several payments over a number of years. When all installments have been covered, you'll be the sole owner of the vehicle. You can trade your Honda in at a later date or continue driving it to destinations like Nationals Park.
Leasing
Drivers who like the idea of acquiring a new vehicle every few years should consider leasing. Through this method, you'll be able to borrow a model like the Honda Passport or Civic for a short time. Before you receive a finalized contract, you must agree to the terms and conditions, such as agreeing to mileage limits and a lease duration. Typically, leasing lasts up to four years. However, the stipulations of your agreement depend on the risk assessment of the company providing the contract. Fortunately, the team at our Finance Department will be able to assist you with negotiating terms that work in your favor.
Which Is Better for You?
If you see yourself driving a newly acquired Honda for many years to come on the Capital Beltway, then buying a vehicle may be right for you. This method allows you to make installments within a four to seven-year period. Leasing is more temporary, and it gives you an opportunity to drive a new model every two to four years. When the lease ends, you’ll be able to choose between switching to financing, borrowing another model, or simply allowing the contract to end. While financing and leasing are similar, one isn't generally better than the other. Therefore, it's important to look at what situation works in your best interest. Shoppers who would like to closely explore their options should stop by our dealership’s location to get answers to frequently asked questions.