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Lease or Purchase

August 12, 2010

2010 Honda Civic

Lease or purchase? Last time I bought a car, before I started selling cars, I was offered a couple of payment options, an interest rate and term (length) of the loan. Why did no discuss leasing with me?

I attended a Honda Automobile Lease seminar today, four hoursĀ  and a very hard chair! The education I received was unbelievable! After ten years, I found out that there is a lease option, a short-term lease option at that for nearly any circumstance.

During the 1980s when leasing took hold in the Automobile Industry, there were few if any consumer protections for the leasee. Since then, there have been many protections and rules at the state and federal level to protect the consumer from fraud and non-disclosure. T.hus leasing got a really bad name.

Well, leasing is back, matter of fact, Honda vehicles offer the most competitive leases in the industry

When you purchase a car, you are buying the whole thing. When you lease, you are only paying for the part of the car that you are using! You actually protect you cash and reduce your risk. The best part of a lease, when the lease ends, walk away from the car and pick out another. If you want to know more, ask me!

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