if you have the credit to lease... you surely have the credit to finance with 0 down and probably an incredily low inerest rate..likely under 2%..
honda's do well as far as maintaining value... so at the end of paying it off over 5 years... youll have a car worth about 8-10k...where as the lease youll be turning it in and having to start all over with nothing.
honda's do well as far as maintaining value... so at the end of paying it off over 5 years... youll have a car worth about 8-10k...where as the lease youll be turning it in and having to start all over with nothing.
Leasing is horrendous if you plan on driving more than 12,000 miles a year. I drive around 28,000 miles a year, so leasing would cost me wayyyyyyyyyyyyy too much.
Most companies only allow the 12,000 miles before charging you a fee per mile over. Of course it is based on 36,000 miles throughout the 3 years.
Only people in Chicago or New York City where they wont be driving very much would be prime candidates to lease a car.
And remember that you are not worried about the value of the car after 3 years since you are not keeping it anyway
Most companies only allow the 12,000 miles before charging you a fee per mile over. Of course it is based on 36,000 miles throughout the 3 years.
Only people in Chicago or New York City where they wont be driving very much would be prime candidates to lease a car.
And remember that you are not worried about the value of the car after 3 years since you are not keeping it anyway
The lease sounds OK to me, but I'm not the type that leases cars.
How about buying a used car for 10k, and financing it over 3 years instead ?
You should get a nice late model car for that, like with 50k miles, that looks near new, then own it in 3 years. Nothing typically goes wrong with a Honda in 100k miles.... except tires, maybe brakes.
Then you still have a paid for 7-8 year old car, with 90k on it....and it's good for another 100k + miles, or saleable for like 7-8k ?
To me a car with 100k on it is just broken in, esp. a Honda, but a new car is always nice....point is the Honda is reliable to 200k +, with some maintenance...even 250k not doing much to it.
How about buying a used car for 10k, and financing it over 3 years instead ?
You should get a nice late model car for that, like with 50k miles, that looks near new, then own it in 3 years. Nothing typically goes wrong with a Honda in 100k miles.... except tires, maybe brakes.
Then you still have a paid for 7-8 year old car, with 90k on it....and it's good for another 100k + miles, or saleable for like 7-8k ?
To me a car with 100k on it is just broken in, esp. a Honda, but a new car is always nice....point is the Honda is reliable to 200k +, with some maintenance...even 250k not doing much to it.
There are some companies out there that let you switch cars and adjust your lease payment according to the new car you just got. This is great if you want a nice car and want to replace it every year or get a different one at a similar price.
I don't lease my vehicles but am going to consider doing so in a year or two.
