Buying Vs. Leasing

Open Today! Sales: 9am-9pm
Call us at: (219) 947-3900

Buy Vs. Lease


Decide What’s Best For You

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. Be sure to visit the Finance Center to learn about financing options for your new and check out the specials page to see the different lease offers. We hope you find it informative and useful.

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Buying

You own the vehicle and get to keep it as long as you want it.

Leasing

You don’t own the vehicle. You get to use it for a finite period of time, and usually for a limited number of miles.

Buying

If you are financing, there can be a down payment ranging from zero to several thousand dollars plus other fees.

Leasing

Down payments can range from zero to several thousand dollars, plus other fees.

Buying

Can be higher than lease payments, but does allow you to gain equity in the vehicle.

Leasing

Monthly payments can be lower with a lease payment, because the bulk of payments are covering depreciation.

Buying

If you decide you don’t want the vehicle any more, you can sell it or trade it in on another one, however any financing left on the vehicle will remain.

Leasing

Ending a lease early will result in early termination fees, up to the remaining balance of the lease terms.

Buying

There are no mileage limitations, keeping in mind the higher the mileage, the less value it will retain.

Leasing

Leases have language that limits the number of miles allowed during the lease term. Going over this number will result in additional fees.

Buying

When you are ready to move on, once payments are finished you can either sell your car or trade it in on another, again depending on if there is a balance owed.

Leasing

When your lease is up, you turn the car in, you walk away, start over with another vehicle, or if you like your vehicle you have the option of financing it.

Team Honda is located at: 4613 E Lincoln Hwy • Merrillville, IN 46410
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(219) 947-3900

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4613 E Lincoln Hwy • Merrillville, IN 46410

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Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7:30am-7pm

Open Today! Parts: 7:30am-5:30pm

Team Honda

4613 E Lincoln Hwy Merrillville, IN

Phone: (219) 947-3900

http://maps.google.com/?q=4613%20E%20Lincoln%20Hwy%2C%20Indiana%2C%20Merrillville%2C%20IN%2046410

Parts

Phone: (219) 947-0775

4613 E Lincoln Hwy Merrillville, IN

Sales

Phone: (219) 947-3900

4613 E Lincoln Hwy Merrillville, IN

Service

Phone: (219) 947-0770

4613 E Lincoln Hwy Merrillville, IN
41.47 -87.31
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Team Honda
Team Honda
4613 E Lincoln Hwy
Merrillville, IN, 46410 US
(219) 947-3900
https://di-uploads-pod19.dealerinspire.com/teamhonda/uploads/2019/02/TeamHondaOGImage.png
Team Honda 41.47, -87.31.