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Buy vs. Lease

Buying and leasing options available at Bill Walsh Honda in Ottawa, IL

For your next car, you’re not sure if you should buy or lease. There seem to be so many pros and cons to both based on your financial situation and needs. So, how do you decide?​ 

At Bill Walsh Honda, we’re here to help. Here’s a quick cheat-sheet to get you on the road to getting on the road in your newly bought or leased vehicle!

Why Should I Buy?

  • You should buy your next car if:
  • You’re interested in saving money in the long run.
  • It’s important to you to really OWN your vehicle.
  • You don’t want to deal with a limited mileage.
  • You’d like to retain flexibility without worrying about an early termination fee.​ 


Why Should I Lease?

  • You should lease your next car if:
  • You want lower monthly payments and a lower down payment.
  • You want a better car that you can’t afford to buy outright.
  • You’d like to have lower regular repair cost.
  • You’d like to drive a new car sooner.​ 
  • You don’t want to have a lot of money tied up in a big purchase.​ 

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