Get Directions

346 Route 37 East, Toms River, NJ, 08753

Signing paperwork

Should I Buy or Lease?

Shopping for an exciting new Honda car, truck, or SUV in the Brick area? If so, you’re probably wondering “Should I buy or lease?” While it is a good idea to check out the potential benefits of each, the decision will ultimately come down to what you want and how much you can afford. In this lease vs. buying guide from Honda of Toms River, our finance team will break down the differences to help you decide which option is the best one for you.

Benefits of Buying

  • No Mileage Restrictions: If you expect to be doing a lot of driving in and around Manahawkin, buying a vehicle may be the better choice. A car lease comes with strict mileage restrictions.
  • Total Ownership: Buying a vehicle means it’s yours to do with as you please. You are not only free to upgrade, modify, or customize the vehicle, you can also opt to sell it whenever you wish to.
  • Financing Options: Car financing is often more straightforward, even for those with a less-than-ideal credit score. You’ll also have the option to refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: You will pay more upfront when buying a car, but the vehicle actually becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: Both the down payment and ongoing monthly payments are lower when you lease a car.
  • Less Sales Tax: You will only have to pay tax on the down payment and for the monthly payments in most states.
  • Trade-Ins: At the end of the lease agreement, you’ll have the option of upgrading to the newest model. Just stop by our local Berkeley-area dealership, pay any remaining fees, and drive away in a vehicle equipped with the most up-to-date amenities and tech features.
  • Warranty Coverage: Car lease agreements almost always include warranty coverage for all vehicle maintenance. As long as you don’t go over the mileage limit, you won’t have to pay out of pocket for routine maintenance services.

Explore Your Leasing & Financing Options at Honda of Toms River

Whether you wish to buy a brand new Honda Accord or prefer to opt for a Honda HR-V lease, you’ll get a great deal at Honda of Toms River. Check out our financing FAQs, and if you have any additional questions about leasing or financing, insurance options such as GAP insurance, and how to get a car loan with bad credit. Make sure to browse through our new vehicle specials to take advantage of our current offers. You can also use our convenient payment calculator to determine what your monthly payments will be, and apply for financing with us online to get pre-approved from the comfort of your home. Please feel free to contact us if you have any questions.

More From Honda of Toms River

  • 2021 Honda CR-V Interior

      With its sporty appearance, powerful and efficient performance, and fun-to-drive quality the 2021 Honda CR-V is a great choice for anyone who leads an active lifestyle. Although it is classified as a compact crossover SUV, you’ll find that the Honda CR-V interior is surprisingly spacious, offering plenty of room for you and your passengers…

  • What Are the Available 2021 Honda CR-V Colors?

    One of the most fun and exciting parts about shopping for a new Honda CR-V is picking out the color that will best reflect your personality when you’re out-and-about in the Brick area. Fortunately, there is a wide range of Honda CR-V color options available, so whether you want something flashy or more subdued and…

  • What Are the 2021 Honda Civic Colors?

    The 2021 Honda Civic is a sporty and fuel-efficient compact car offered in sedan and hatchback body styles, each of which is available in a wide variety of exciting colors. What are the Honda Civic colors? You can choose from subtle tones to bold hues that add extra curb appeal on Brick streets. Explore the available Honda Civic…

Contact Us
Honda of Toms River 39.959258, -74.1726782.