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8015 Interstate 35 Access Rd, San Antonio, TX, 78224

New Car Lease vs Buy

Leasing vs Buying

Why Lease a New Car?

If you like to drive newer, safer, more reliable cars or trucks, not commit to a considerable down payment every few years, and also don’t drive an enormous amount every year, then a new car lease should be better for you. Leasing is intended for those who prefer to bypass the hassle of selling and buying every time they want to upgrade to a new car, truck, or SUV.

Why Should You Buy a New Car?

On the other hand, if you like long term relationships with a greater sense of commitment and ownership, then buying may be what’s best for you. Car-buying is typically best for people who don’t mind driving the same car for over five years or even until it’s no longer fit for the freeway.

Leasing vs Buying: Which Is Right for You?

Being aware of the pros, cons, and overall benefits of buying vs leasing a car or truck is critical. Be sure to look at potential savings, vehicle ownership, monthly payments, and repair costs when considering the best new vehicle financing type for you.

Buying: Ownership vs Leasing

When it comes to vehicle financing, new car, truck, or SUV ownership absolutely comes with many advantages, most associated with entire ownership of the car, truck or SUV. You may not be aware, however, there are also some great benefits of leasing, as well. It’s imperative to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A meticulous study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car or truck.

pros and cons of leasing vs buying a new car

Monthly Payments

Car, truck, or SUV lease payments are often less expensive in comparison to auto loan and car financing payments as the typical lease deal is more-or-less renting with the option to buy out at the end of your lease term. Remember when leasing that you’re going to need a healthy credit score, and will be required to carry collision and comprehensive insurance, although the same can be said for the better rate auto loans. Although it might likely increase your monthly payments, it is also wise to choose a model with the features you need or want, as personal satisfaction is often priceless.

more expensive to finance or lease a new car

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It’s important to remember this when calculating monthly costs of leasing vs ownership. No matter what make and model you buy, mechanic bills are an uncertain cost that can quickly add up. And for those who are not certified mechanics with a hydraulic jack and full toolset in the garage, leasing can be the best option for peace of mind.

lease vs buy car analysis

Investment vs Savings

In general, a new car, truck, or SUV lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning absolute ownership of the value of the car at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a purchased/financed vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included

Honda Lease and Finance Offers In San Antonio TX

Fernandez Honda knows that choosing the right Honda car and financing option is never easy. Our team of experienced Honda lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in San Antonio, TX. We look forward to serving you.


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Cars Oct 2, 2021

We had a great experience at Fernandez Honda. Misael Chapa (sales) was most attentive to taking care of us in every detail throughout our shopping experience. Vanessa & Paul from Service and Don from the Business department were also very personable and attentive to our needs. Great team.

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Cars Sep 15, 2021

My second CRV purchase from Fernandez Honda. Ruben Fuentes and Jeanne Mann were very helpful finding the Touring AWD I was looking for without pushing a lot of extras. I live 5 hours away and they had all the paperwork ready before I got there. They were very friendly and helpful.

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Cars Sep 11, 2021

This was the easiest buying experience ever! I did everything online, I work long hours, and did not have a vehicle to be going back and forth and with everything going on right now this was so convenient for me personally. ( I knew what I wanted to buy and how much I could spend) I was notified as soon as i approved, when i got there my car was waiting for me, My Sales guy, Ruben Fuentes took us on a Test drive and showed us all the features the car had and was very knowledgeable, friendly and answered all ...

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Cars Aug 21, 2021

The most pleasant car buying experience I’ve ever had and I’ve bought a lot of new cars. Mr Mekki the sales agent and Mr Martinez we’re friendly, pleasant and easy to talk to. The only regrets I have is letting myself get talked into a costly service contract but that’s on me. And the process was too lengthy.

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DealerRater Jul 26, 2021

Awesome experience buying my Civic Type R! I drove up from Austin to purchase! Shout outs to Joe Ramirez, Joe Campos, And Akaki for making the whole process smooth. The rest of the staff was also very friendly! By far the best dealership experience I’ve ever had! Thanks everyone!

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