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Buy vs Lease

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When it comes time for you to buy a new car, St. Albert Honda is ready to help you make the best possible financial decision for your life style. Our trained and experienced Finance Department has an array of options for you to choose from. We can help you decide if buying or leasing will suit your budget better.

Buying and leasing both have their benefits and pitfalls, but luckily they’re almost opposite each other, so it’s not too hard to figure out which is right for you.
Buying seems like the better long-term investment, but that really depends entirely on you. Can you afford bigger payments now? Do you plan on keeping this same car for the length of your loan period so that you’ll eventually own it? If you’re just going to get another car in two or three years anyway, leasing is probably the better choice. Payments are lower, and the ability to switch out for a brand new car every few years is definitely appealing for those who want to benefit from the latest in-vehicle technology.

Then again, buying a car is a great choice for those who want more freedom. With a leased car, you can’t really travel, since they have mileage restrictions. And buying is definitely better for anyone who wants a reliable car to keep for at least the next several years. Plus, if you’re consistently leasing, you’ll never stop paying; if you buy a car, eventually you’ll own that car and be payment-free!
Stop by and see us at St. Albert Honda on St. Albert Trail any day for more information about how you can drive away in the car of your dreams.​ 
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