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We appreciate you taking the time to get to know all of us here at Arrowhead Honda in Peoria, AZ. It's been our pleasure to serve customers from Phoenix, Glendale, Sun City and the entire West Valley of Arizona area for years.
By: Arrowhead Honda | Honda Dealers Phoenix
Leasing a vehicle has become a popular way for many consumers to drive a new vehicle. If money is of no concern, and you like to get a new car every few years, leasing may be a good option for you. If you want to pay the minimum for your car or truck and you are willing to pay or perform regular maintenance and keep the vehicle for the long term, buying a car is the far better option. Here we present four reasons why purchasing a vehicle usually is the better choice.
Cars typically last longer than the average lease agreement. So, unless you are plan to trade your vehicle well before it has hit its expiration date, buying a car is the cost effective choice. In many cases, a good vehicle can last years past the date where you are finished making payments on it. If you choose to lease a car, there are no such periods where you do not have to make payments. There is the option of purchasing your leased vehicle. However, at that point you have made the decision to buy and usually you will have paid more for the car than if you had purchased it in the first place. For a Honda Phoenix Arrowhead Honda can put you in a brand new vehicle; leasing or buying is your choice.
A lease has limitations on time and distance. Lease agreements have limits on how long you can make use of the car, as well as how many miles you can put on it. Managing mileage is one of the primary disadvantages of leasing a vehicle. Obviously you can exceed your yearly limit, but you will pay a fee for every mile driven over the yearly limit you negotiated with your lease.
If you lease a car, even though you don't own it, you are still responsible to pay for any repairs that are not covered under warranty. That means that you will be forced to make an investment in a vehicle that you do not even own. When you buy a car, you can to do it whatever you like. Any repairs you make are an investment in a vehicle that you own. In addition, any damages beyond what is considered normal wear and tear mean the repairs are on you.
You'll be paying for zero ownership. Leasing a vehicle every two to three years and driving around the newest styles can be exhilarating, but at the end of the day you are going to end up having paid thousands of dollars with no residual value to show for it. Of course, as stated earlier, you can buy the car at the end of your lease agreement, but this will be much more expensive than it would have been had you just purchased the car in the first place. Leasing a car does not allow you claim the vehicle as an asset or any of the other perks of actual ownership. When it comes right down to it, you are paying for the right to drive a vehicle that isn't your own with no sense of actual ownership or the perks that come with it.
To buy, or lease a brand new Honda Phoenix Arrowhead Honda (http://www.arrowheadhonda.com/
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Arrowhead Honda | Honda Dealers Phoenix