Auto Finance: Should I lease or buy my next car?

  

Hours

  • Monday 8:30am - 9:00pm
  • Tuesday 8:30am - 9:00pm
  • Wednesday 8:30am - 9:00pm
  • Thursday 8:30am - 9:00pm
  • Friday 8:30am - 9:00pm
  • Saturday 8:30am - 9:00pm
  • Sunday 10:00am - 7:00pm

Contact

Penske Honda Chula Vista

580 Auto Park Dr
Directions Chula Vista, CA 91911

  • Sales: (855) 422-1535
  • Service: (855) 422-1534
  • Parts: (855) 422-1406

To Buy or To Lease? That is the Question We are Here to Answer at Penske Honda Chula Vista!

Whether you have found a new or used Honda model or you are still searching, it is important to start thinking about financing now before you even come in to test drive. As very few of us can purchase a vehicle wholesale, a financing or leasing arrangement are both good payment solutions, with each having a lot of advantages to make the payment process for a new or used Honda model much simpler and more convenient. Let's take a look at the advantages that both payment arrangements have so you can make an informed decision as to which one is right for you when it comes to your next new Honda model or used car. Our dealership is located in Chula Vista, CA and we are proudly serving the National City area as well!

A Honda Lease is for Those Who Appreciate Variety

If you do not have your heart set on one particular Honda model, then a lease agreement can be a great way for you to drive a new Honda model for a short period of time and turn it in for a new one. With a lease agreement, you sign a contract with our finance center and a lending institution to drive the vehicle for a certain amount of time, at a certain monthly rate, with a down payment due at signing. 

As many lease contracts are more short-term, your vehicle will remain under warranty for the duration of your contract, giving you access to repairs and maintenance when they are needed. Once your lease agreement is finished, and your leased Honda vehicle passes a detailed inspection by our team of mechanics, you will be all set to pick out the next Honda model you want to drive and start a new contract! If you so choose, our team can help you finance the remainder of the vehicle's cost if you decide to make it your own.

Auto Financing with a Car Loan is for Long-Terms Goals

If you found one particular Honda model or used car that you are certain you want to make your own, then you might want to consider financing. With an auto loan agreement, our financing team, and one of the lending institutions we work with, can help you pay off the vehicle as you go along rather than buying the car outright. 

You will still pay monthly installments and a down payment, but our finance team can help you find a payment method that fits your needs. With an auto loan, you can build equity and the vehicle is yours to use with no mileage restrictions. Once the loan is paid off, you can keep the vehicle, sell it, trade it, or gift it as you see fit!

We Are Here to Help!

No matter which you choose, our financing team is here to guide you through the auto loan or leasing process, which includes defining any and all terminology that might be confusing. Get the ball rolling today and fill out our finance application right here online; it is fast, easy, confidential and can be filled out from the privacy of your home in El Cajon! Once you secure pre-approval, come test drive your next new Honda model or used car here at Penske Honda Chula Vista! 

Returning a Honda lease at our SoCal dealership is simple. You can even return a vehicle you leased at another dealership! We are just a short drive away from San Diego at 580 Auto Park Drive in Chula Vista, CA. See you soon!

 
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