Lease or Finance a Honda near Iowa City
At Brad Deery Honda, we always do our part to help each valued customer find their perfect vehicle in our huge inventory. More than that, we stand beside our customers throughout all stages of their purchase experience. Because financing is an essential part of this experience for many of our customers, the decision must be made to lease or finance a Honda. Through our dealership serving Iowa City and surrounding areas, you can explore your options and set up financing without a hassle.
Lease or Finance a Honda near Iowa City
The decision to lease or finance a Honda can seem confusing to many drivers. Often, there is a question of which option is most affordable. However, it is also important to consider how long you intend to drive your vehicle. After all, the typical lease has a term of two to three years, and the driver will typically surrender the Honda at the end of the term. The typical loan, on the other hand, has a term of four to six years, and the driver has the option to continue driving the Honda after the loan is paid off. What else should you know about auto leases and loans before you make your decision?
The Advantages of Leasing a Honda
When you sign a lease for a Honda, you may be required to make an initial payment at the start of your lease. In many cases, this initial money down is less than the down payment for an auto loan. In addition, a lease may yield lower monthly auto payments. Another great benefit of leasing a Honda is the convenient ability to surrender the vehicle at the end of the lease. Many drivers appreciate the advantages of driving a new model with current styling and the latest innovations, and leasing makes this easy to do.
The Benefits of Taking Out an Auto Loan
On the other hand, at the end of an auto loan, the driver owns the vehicle. He or she can continue driving the Honda for many years after the financing is paid off, and no monthly auto payments are required throughout this period of time. When the driver is ready to move on to his or her next vehicle, the car’s equity can be a great source of down payment funds. Another important benefit of an auto loan is that the driver does not have a mileage restriction. Leases typically have a mileage restriction, and the driver may be required to pay a fee for the overage.
Special Financing Incentives
Whether you lease or finance a Honda near Iowa City at our dealership, you could take advantage of special financing incentives. Our incentives, such as for military appreciation or customer loyalty, may change from time to time. It is important to get in touch with a member of our sales or financing team serving Iowa City to get the current details about our incentives before you apply for your next loan or lease.
Service Contracts and Maintenance Plans
We want you to enjoy the great performance capabilities and the overall reliability that our models are known for throughout your time behind the wheel. If you lease or finance a Honda near Iowa City, you may take advantage of a service contract and maintenance plan for your vehicle. Our service center at Brad Deery Honda is your source for great automotive care. From oil changes to tire rotations and more, our service techs can do it all. Service contracts and maintenance plans include many of the auto services your Honda may need over the next several years. We will happily tell you about the service contracts and maintenance plans available for your Honda when you stop by our Iowa City dealership soon.
Request more Lease or Finance a Honda near Iowa City information
Are you still trying to decide whether you should lease or finance a Honda? If you are still on the fence, a great idea is to apply for credit through our dealership serving Iowa City and surrounding areas. By doing so, you can learn about the specific financing and leasing options that you qualify for. Applying through Brad Deery Honda is easy to do. You are invited to apply in person or through our website today.
*Article for general informational purposes only. For complete details, please contact the dealership.