The Advantages of Leasing: Learn How to Drive Smart

advantages of leasing a car

When you go car shopping, you’ll find that one of the first decisions you will have to make is whether or not you want to buy or lease. Believe it or not, roughly 30% of new-car transactions are in the form of a lease, illustrating that more people lease than you might think. Although buying may be good for some, the advantages of leasing are multifold.

Buying vs. leasing: what’s the difference? When you lease a vehicle, you are paying a small fee, as well as monthly payments. Typically, your payments are based on the cost of depreciation during the time you have the car, which is usually two to three years. Buying, on the other hand, usually involves a large down payment and large monthly payments for anywhere from five to 10 years.

According to Kiplinger, leasing is great for people who want low monthly payments, or individuals that don’t have access to large amounts of cash. Although you don’t get to keep the leased vehicle when you are finished, you tend to pay less than you would if you financed it. Plus, there is no danger of going upside-down on your loan (when you owe more than the car is worth). It is possible to save money when leasing.

What it comes down to for most buyers is the cost and the commitment. Buying a vehicle is only a good idea if you can make a large down payment, find low-interest financing, and if you are willing to take care of your model for over a decade. With leasing, there is less pressure, lower monthly payments, and tons of deals.

Interested in leasing a vehicle? Stop by Sunny King Honda today and learn more.

New Honda Ridgeline Design Increases Performance and Styling

The 2017 Honda Ridgeline recently made an appearance at the Detroit Auto Show, leaving spectators with their jaws to the floor. This model is getting some serious upgrades, from styling to performance and engineering. You are bound to be satisfied with the new Honda Ridgeline design.

According to Jalopnik, the new Ridgeline has an independent suspension all the way around, making it the only truck to be built on a unibody platform. Not only does this shed some weight, but it also makes the Ridgeline incredibly more efficient. Plus, this model has a smoother ride than most other trucks.

Under the hood is a powerful 3.5-liter V6 that is paired with a six-speed transmission. You can also opt for a torque-vectoring all-wheel drive system, increasing performance and making the Ridgeline better suited for off-roading.

Other cool features include a speaker system in the bed and refreshed styling. This new Ridgeline looks like a Honda, setting it apart from other, blander truck designs. We can’t wait to see the 2017 Ridgeline hit the roads.