Buy vs. Lease

A close up of a vehicle headlight with two people shaking hands in the background

Shop for a New Honda

There’s nothing like driving a brand new Honda for the first time, and our Honda dealership in Williston is eager to help you get there. When shopping for a new car, you have the option to buy or lease, but which one is the better choice for you? Our excellent finance team can help you navigate the car buying process so you can focus on the best part of a new vehicle: driving it.

Should I Buy or Lease a Car?

Why Buy a New Honda

Buying a brand new Honda means you regularly make payments to eventually own the car, truck or SUV. After making the final payment towards your vehicle, the Honda you’ve purchased is officially yours, giving you the freedom to do whatever you want with it, including customizing it, selling it or trading it in.

When you opt to buy your new Honda, you don’t have the same constraints you would for a leased vehicle, including a mileage limit throughout a leasing period. However, there are trade offs to buying benefits, including payments typically being higher than leasing payments and a higher depreciation rate for your vehicle. You are also responsible for any services or repairs for your vehicle following the expiration of any warranties.

Why Lease a New Honda

If automotive variety is a top priority for you, you can try out various models in the Honda lineup by leasing. Leasing means you get to drive a new, dealership-owned vehicle for a period of time, and when that lease is completed, you can start a new lease with an updated model year or a new Honda altogether.

Because you aren’t paying towards ownership, leasing may offer lower payments in comparison, and also provides conveniences like routine maintenance and services being covered by the dealership. However, you do have to be mindful of your mileage throughout your lease, and may be subject to potential fees in the event of excessive wear.

Buy or Lease Your New Honda at Our Dealership in Williston, ND

If you’re looking to buy or lease a brand new Honda, try any model for yourself by scheduling a test drive with us at our Honda dealership in Williston. If you have any questions about buying, leasing or any vehicles available in our inventory, you can always contact us online at Ryan Honda.

Shop for a New Honda