Lease Or Buy ?
MAKE THE RIGHT DECISION WITH THE HELP OF OUR FINANCING EXPERTS
Not sure if you should lease or buy your next vehicle? At Hanover Honda, our experts are here for you and will help you make that difficult decision. They will give you all of the information you need to make an informed decision and they will be able to assist you in deciding the right plan.
Leasing is better if you don't plan on keeping your vehicle for more than four or five years. It's also great if you like to change vehicles every two, three, or four years. It's usually the more affordable option when it comes to monthly payments, and it's also more advantageous if you use your vehicle for your company or for work. If you don't drive a lot every year, it's also a more affordable option.
Financing usually comes with better interest rates and is better suited to buyers looking to keep their vehicle for over 5 years. It's also great if you drive a lot every year. If you use your vehicle for more than 25,000 kilometres every year, financing is the way to go.