Financing vs. Leasing: The Benefits of Each Option

It Pays to Weigh the Options

When you want to buy a new vehicle, there are several options available to you, including leasing or financing. These two purchase options offer several benefits depending on your needs. By taking the time to identify these needs, you’ll be able to make the right choice. At Encore Honda, we can help find the right option for you.

Leasing

  • Generally, lower monthly payment
  • Advantageous if you like to replace your vehicle every three or four years
  • More affordable if you don’t need to travel more than 25,000 kilometres annually
  • Tax benefits if the vehicle is used for work or owned by a company

Financing

  • Advantageous if we travel more than 25,000 kilometres annually
  • The vehicle belongs to us and can be resold at a later date to recoup some of the cost
  • Ability to keep the vehicle at the end of the contract
  • Generally lower interest rates


To learn more about the benefits of leasing and financing, contact us today at Encore Honda. We’re here to help!

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It Pays to Weigh the Options