If you find yourself at a crossroads between buying and leasing a car, the team at Atamian Honda would like to provide guidance to help your decision-making process. After comparing the characteristics of each avenue, we’ll go over some factors you should consider before choosing one or the other.

When you’re purchasing a vehicle, choosing what to buy might be difficult, since you have so many options to comb through, from brand-new cars to gently used ones from all of the different manufacturers you can think of. This also means you can get yourself a model that adheres to all of your preferences. Plus, personalizing your vehicle through modifications becomes possible, allowing you to make your Honda Pilot look tougher by adding roof rack crossbars or aftermarket fog lights, for instance. Unless you are paying the full sticker price upfront, financing a car entails long-term payments. Additionally, investing in repairs and maintenance in order to keep up its resale value is crucial. Purchasing opens you up to unrestricted travels up and down Interstate 495, as you don’t have to abide by a mileage allowance.

Your options when leasing are relatively limited in comparison to buying, as this type of agreement is only available for brand-new models. However, affordable access to factory-fresh vehicles is actually what makes this arrangement so appealing. While you don’t get to keep your leased car on a permanent basis, you can enjoy it for some of the best years of its life at a fraction of the cost of financing. Payments are calculated based upon how long you want your contract to last and how many miles you plan to travel over the course of your term, making it customizable to your needs. Not to mention, once your agreement expires, you can buy your vehicle, return it and sign a new lease, or simply hand in the keys with no strings attached.

Are you still unsure whether to buy or lease a car to drive around the Merrimack River? Then here are some factors we suggest you consider to come to a decision. First, think about how much time you plan to spend behind the wheel. If you work from home and only need a vehicle for errands and occasional outings, leasing may suffice even with its mileage limit. But road trip enthusiasts would be better off purchasing so that they embark on cross-country journeys without worrying about overage fees. Are you sensitive to trends and enjoy keeping up with cutting-edge technologies as soon as they become available? Then leasing a brand-new model every few years will allow you to achieve just that. On the other hand, the freedom of ownership will enable you to attend car meets around Lowell with a vehicle that has been modified to be uniquely yours. Don’t hesitate to reach out with unanswered questions!

4- to 7-year financing contracts. New and used models available. Long-term commitment. Freedom to drive as much as you want and make modifications to your vehicle.

2- to 4-year leasing contracts. Only new models available. Bound to mileage allowance. Flexible end-of-contract options.