Lease vs. Finance Options at Clawson Honda

Customers who choose to finance their vehicles usually drive them for five to 10 years and enjoy ownership without mileage limitations. If you typically own and operate your vehicle for five to 10 years, then financing may be the right choice for you.

Additionally, with financing, payment by payment, your ownership equity may increase. And the longer you drive the vehicle after your contract is complete, the more value you derive from your investment. Take a look at our competitive rates and flexible terms to find the best option for financing your new vehicle at Clawson Honda.

Leasing allows you to drive a newer vehicle with lower monthly payments. Additionally, you won't have any charges for repairs because the vehicle will come with a warranty. One of the best benefits of a lease is that it doesn't usually require you to make a large down payment.

In many states, you can even pay the sales taxes as part of your vehicle's monthly lease payment, instead of paying via a lump sum. You also don't need to be concerned about resales value. If your vehicle depreciates more than the estimated residual value in your lease contract, you'll be able to turn it in at the end of your lease term.