Honda Contract Hire and Honda Lease Car Offers

Car Leasing as an Alternative to Buying a New Honda Outright

You’re looking to get a brand new Honda - either as a private buyer or for a business.  What are your alternatives?  The two most popular and sensible options financially are OUTRIGHT PURCHASE and LEASING.

Buying your New Honda - Outright Purchase

It's yours.  That's the main benefit from outright purchase.  The Honda belongs to you (assuming all the finance is paid up), and as the owner you can sell it, part-exchange it, modify it, or simply run it until it stops working!  Honda dealers will offer enticing deals and discounts on new Hondas to make outright purchase even more appealing.  There are definitely bargains to be had, but you must be willing to shop around and not just accept the price being offered by your local Honda Dealer.  You'll have to haggle and be willing to walk away. BuyYourCar.co.uk does offer a service where you can get deals on a brand new Honda - so if you're wanting to buy your new Honda outright that's worth looking at.

The downside to outright purchase is the obvious one - the cost.  You buy a brand new Honda and as soon as you drive it off the forecourt, it's already lost some of its value.  Depreciation is a major consideration when buying a new Honda.  Other costs include maintenance and servicing costs (a good warranty can be essential) and road tax.

Contract Hire & Leasing Your New Honda

The alernative is contract hire or leasing.  You don't actually take ownership of the car, and instead pay a fixed monthly rate for the Honda (that will include road tax costs and can include maintenance and servicing).  There are a number of benefits from this approach.  You get a brand new Honda for starters, without having to pay the full new car price.  After the period of the lease (usually 3 years), you simply hand the car back, and then you can look at getting another new Honda on lease.

The downside is that although you avoid paying depreciation on the full price of the car, you need to make sure you look at the cost over the full period and ensure that it makes good sense to your situation.  Use the search above to find the best Honda leasing offers in the UK on BuyYourCar.co.uk.  Options and maintenance packages can affect the payment amounts, so it is often worth getting quotes from more than one leasing broker to see who provides the best price for your new Honda, and of course the best quality of customer service.