Leasing Vs. Buying: What's Better?

Here in Aiea, HI, our dealership sells many great vehicles, and one question we get asked all the time is whether it's better to buy or lease. There are benefits to each, so to help customers understand which financing option is right for them, we'll be breaking down what each plan offers.

The Benefits of Buying

If you're a local of the Kaneohe or Mililani area and want to own a vehicle outright, then getting a loan is the best option. Loans do have large monthly payments, but when paid back on time, they do have the added benefit of raising one's credit score. Plus, once you own the vehicle, you're free to sell or trade it into a dealership for a reduced price on another ride.

The Benefits of Leasing

When the monthly loan payments are too high, many customers turn to leasing. Leasing is temporary, and many Waipahu residents will find you can lease a vehicle for only about two or three years. And while you don't own the vehicle, all maintenance costs are covered, and when the lease ends, you can upgrade to a newer model if you wish. And there is also the option to extend the lease or buy it if you like the model you're driving.

Purchase a Loan or Lease

If you're a Honolulu local looking to buy a vehicle outright or a Kailua driver who wants to temporarily drive a particular model, our dealership is here to help. Our finance team can show you the various loans and leases we offer and which ones best fit your budget the best. Hopefully, now you know the benefits of loans and leases and have an idea which one is right for you because we look forward to your visit.