Buy vs Lease near Lakewood, NJ
Choosing whether you’d like finance or lease your next vehicle can be a big decision. Thankfully, our team at Honda of Toms River can help you with this by providing the various details of both avenues. Continue reading to learn how either contract can assist you with your Lakewood travels and beyond!
Leasing
The first type of plan we’d like to discuss is leasing. This form of agreement has become increasingly popular throughout the years, and for good reason. Prospective pilots looking to obtain a low commitment plan will find themselves attracted to this offer because it only lasts for two to four years. During this time, you will only pay for the average depreciation rate of the car, rather than installments that amount to its total sticker price. With that said, you will be kept to a mileage limit, the terms of which can be extended by speaking with our team. Once this comes to an end, you can choose to lease another vehicle, finance your current one, or simply hand in the keys and walk away.
Financing
If you’d like to outright purchase a car, then it’s best you speak with our Finance Department. That way, they will provide you a set of loans for a vehicle that you will pay off over the course of four to seven years. These payments are typically larger than those that come from a leasing contract, although they come with the added benefit of leading to your eventual ownership of the vehicle. Once that day comes, you will be able to make any physical alterations you please and can drive across Route 9 without worry for making your next payment on the vehicle.
What’s Best For You?
Choosing a plan that best works for you largely depends on your individual circumstances. For instance, if you often make trips to Eagle Ridge Golf Club, then you may want to avoid a leasing contract due to the mileage limits it comes with. But if you are currently working within a budget, then you may find the larger installments of a financing agreement to be somewhat offputting. Do you plan on moving away in the near future? Depending on your answer, you may want to consider a contract that best fits the timeframe of your future plans. Contact our dealership today if you have any further questions you’d like to have answered!
Financing:
Leasing:
- Lasts for four to seven years
- No mileage limit
- Larger payments
- Leads to ownership
- Lasts two to four years
- Mileage limit
- Smaller payments
- Essentially renting
Dealership Information
Testimonials
Rondell Lewis
Frank Valanzola
“ Malcom was an absolute delight. He walked me through the deal, explaining every detail and I ended up with a deal I was happy with. He is truly an asset to your dealership. Everyone else were very nice too. I will definitely recommend this dealership to friends and family. ”
Yvette
“ Thorough, personable, knowledgeable, customer interest in mind Diligent with making this a comfortable experience Centered around customer appreciation ”
My Honda Service Center Tom's River
“ My Honda Service Center in Tom’s River is always clean, uncluttered, with a friendly atmosphere. They were very accommodating with scheduling. The shuttle driver Nicholas was very polite and pleasant. Michel the tech was also. I love the fact that he could show me what work he needed to do. He explained it simple enough for this 76 yr old to understand. And the work was completed in a reasonable amount of time. I give 5 stars. ”
I find the staff to be friendly, honest, knowledgeable, and dependable.
“ I've had exceptional service ever since I purchased my vehicle in December of 2018. Even during the pandemic, the service department went the extra mile for me. Online scheduling is a wonderful tool. I find the staff to be friendly, honest, knowledgeable, and dependable. ”
I will definitely go back to purchase more vehicles from Doug in the future and recommend him to all of my friends and family.
“ I walked in looking to buy my lease and was fortunate enough to have Doug Lazaro as my salesman. What a true gentleman, he was very thorough, patient and respectful throughout the entire process. He is definitely a rare old school breed of salesman that are becoming extinct in today’s world. The entire dealership should take customer service classes from him. He has gained a loyal lifetime customer. I will definitely go back to purchase more vehicles from Doug in the future and recommend him to all of my friends and family. ”
It was time to trade in my van. Karen was my salesperson.
“ It was time to trade in my van. Karen was my salesperson. From start to finish, it was an awesome experience. Karen was very accommodating, friendly, and patient. She really went out of her way to make sure I was happy! I have been a customer of Honda of Toms River for 10 years and this latest experience has ensured that I will continue to buy from them in the future! Thank you again!! ”
Well deserved 5 stars for Toms River Honda.
“ Well deserved 5 stars for Toms River Honda. All the staff was welcoming. My sales rep and finance rep were very helpful and very knowledgeable. I would definitely revisit again and expect the same 5 star experience I received from Doug L and Alec D! ”
This was my first time using the service department of Honda of Toms River.
“ This was my first time using the service department of Honda of Toms River. I was able to secure an appointment for the next day. Tom Scelfo provided reasonable recommendations based on my unusual car problem. The shuttle service home made leaving my car there very convenient. Overall, great first experience and I will definitely return. ”
“ Honda of Tom’s River New Jersey was an excellent car buying experience. The staff there are friendly and the car that I was interested in was on the lot. The sales person was professional and helpful he explained all the details of the car and personally took us on a test drive to show us some of technical attributes of the car. We then took the car for a test drive. Agreed on a price and easily went through the financing department to finish the deal. While we were working through finance the salesman also helped us navigate entering the new apps on our phone and contacting the insurance company so that we could drive home that day in our new wheels. Overall, a great experience I appreciate the staff and oh by the way lunch was on them that day as well .Thank you very much. Ken ”