Buying or leasing a Honda, that is the question! These two options have their share of advantages and inconveniences, and what suits one person does not necessarily meet the needs of another. That's why it's a good idea to meet a Spinelli advisor, at your Spinelli Honda dealership near downtown and Île Perrot, to see which option is right for you. But no matter if you choose a purchase or a lease, you'll be spoiled for choice among our extensive inventory of Honda vehicles for sale in Montreal. So, come and see us! We are easily accessible from Vaudreuil and the South Shore.
Advantages of purchasing your Honda
Whether it's a Civic, a Fit, a Honda SUV like the CR-V or the Pilot, we have several Honda models for sale in Montreal near Laval! If you want to keep your vehicle for a long time, travel many kilometres a year or want to modify your model, buying it is a wise choice because you will own it!
Disadvantages of buying
If buying one of our Honda vehicles, for sale in Montreal, has many advantages, there are also some disadvantages. Indeed, despite a lower interest rate, your monthly payments will probably be higher. It is also necessary to count on the depreciation of the vehicle, which may be more or less important depending on the brand and the model.
So, if you were going to resell your vehicle after 3 or 4 years, you might have a negative equity, commonly known as "bubble" in car-financing jargon. In other words, the balance on your automobile loan may be higher than the market value. If you buy a new vehicle, you will need to include this loan balance in your new payment and risk paying your new acquisition much more.
Advantages of Leasing your Honda
Would you rather opt for Honda leasing near Laval? If you like to drive a new vehicle every 2 or 3 years this option may be just for you! Indeed, since you will only pay for the used portion of the vehicle and not for all of it, your monthly payments will be lower than the purchase, despite an often higher interest rate. Moreover, if you do little mileage annually (around 20 000 km for instance), you have every interest in leasing! Finally, you will not have to pay for repairs since your vehicle will be covered by the manufacturer's warranty; you will only have to pay for normal maintenance such as oil changes and tires, among others.
Inconveniences of Leasing
If you drive more than what is stipulated in your leasing agreement, your additional kilometres will be charged. Moreover, you may have to pay for repair costs if the vehicle has bumps, scrapes, or if you have made changes to it. Finally, if you want to keep the vehicle after the end of the leasing period, you will have to pay the residual value of the vehicle ... which could cost you more than if you had bought it from the start.
Whether you want to buy or lease a Honda near Montreal, come and visit us at Spinelli. Our advisors will help you determine which option is the most beneficial for you! Also, find out about our great Honda promotions and financing offers, both on our new and used Honda models. Whether you live in Vaudreuil, on Île Perrot or the South Shore, come and visit us at Spinelli Honda in Montreal!