Leasing and Financing Plans in North Vancouver

Make a Choice That Suits You with Our Experts

At Pacific Honda, we understand that choosing between leasing and buying a vehicle is a significant decision. Both options have their advantages, and the choice ultimately depends on your individual needs, preferences, and financial circumstances. To help you make an informed decision, let's explore the benefits of both leasing and buying:

Leasing:

• Lower Monthly Payments
• Newer Vehicles
• Warranty Coverage
• Minimal Down Payment
• Flexibility
• Tax Benefits

Financing

Ownership: When you buy a vehicle, you own it outright once you've paid off the loan. This means you have the freedom to modify, customize, or sell the vehicle whenever you like.

No Mileage Restrictions: Unlike leases, there are no mileage restrictions when you purchase a vehicle. You can drive as much as you want without incurring extra charges.

Equity and Trade-In Value: As you pay down the loan, you build equity in the vehicle. When you decide to sell or trade it in, you can use that equity as a down payment on your next car.

Long-Term Savings: While monthly payments for buying may be higher than leasing, in the long run, you won't have ongoing lease payments once the loan is paid off.

Which Option Is Right for You?

To determine whether leasing or buying is the best choice for you, consider your budget, driving habits, and long-term goals.  Our knowledgeable Financing Department at Pacific Honda is here to assist you in making this important decision. We'll work closely with you to understand your needs and financial situation, helping you choose the option that aligns with your lifestyle and goals. Whether you decide to lease or buy, you can count on us to provide competitive financing options and exceptional service throughout the process. Visit us today to explore our extensive inventory and start your journey toward owning or leasing your dream vehicle.