Apply for a Honda Lease or Loan near Waltham, MA

If you can see yourself cruising down Waltham roads behind the wheel of a new Honda, come to Herb Chambers Honda of Burlington to finance a Honda! Our Honda dealership near Waltham, MA, has a Honda finance team that's skilled at finding Waltham drivers ideal Honda lease terms and competitive Honda financing rates. Whether you want to secure a car loan or begin a Honda lease, our Honda financing experts know just how to help. Visit our Massachusetts Honda finance center to learn your Honda end-of-lease options and decide whether you should buy vs. lease a Honda. We can help you estimate your monthly car payments or give you a Kelley Blue Book used car value. Plus, recent college grads can save $500 on a new Honda when they finance with us. Our Honda finance professionals are happy to work with first-time car-buyers who have poor or no credit, so apply for Honda financing today and save with our Honda lease specials and finance offers!

What's the Difference Between a Loan and Lease?

Highlighting the Pros & Cons of Getting a Car Loan or Lease

Some of the most common questions among car shoppers at our dealership near Brockton and Reading have to do with car financing, which makes sense as it is one of the trickier aspects of buying a new Honda. Well, for those soon-to-be car owners that are trying to decide between leasing their next Honda or getting a loan to buy it outright, we've put together a pros and cons list of the two ways you can finance your vehicle. See the differences between the two below!

New Honda Leases

Pros

• Lower monthly payments and less expensive in the short term
• Warranties cover repairs and maintenance for the duration of your lease
• If you don't find the model right for you, you can get a different one at the end of the lease

Cons

• You can't modify the car to your liking
• You don't own the model at the end of the lease
• There are mileage limits that will cost you extra if you go over

Getting a Loan to Buy

Pros

• You own the car from the start and can change it how you like
• More cost-effective in the long run
• Drive it as much as you want

Cons

• Higher monthly payments
• You'll have to cover all repairs once the warranties are up
• Harder to switch out a car you bought for a newer model

Which One is Right for You?

Obviously, your budget will play a big part when deciding between the two car purchase options, but if you need a car now and don't want to pay as much monthly, leasing is the way to go. If you know your next Honda will be the one you have for a while, getting an auto loan saves you money in the long term while also allowing you to customize it and drive as many miles as you want. Still have some questions? Car shoppers around Massachusetts in need of help with auto loans can find the answers they need with the finance tools and experts of our Herb Chambers Honda finance center, so be sure to check out all we offer!

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