2022 Honda Civic Ext2

Buy vs Lease at North City Honda

Interested in enjoying a new Honda model every two to three years? Or do you want to build equity and accessorize your ride? Find out which option is right for you and your budget with help from the financial experts at North City Honda. We’ll help you unpack and understand the key differences and advantages buying and leasing bring to the table.

See how you can get into the vehicle of your dreams, at the price you can afford. And if you have any questions, don’t hesitate to contact our North City Honda’s finance team today. If you’re ready to start the leasing or financing process, you can fill out our secure finance application online or explore all our latest incentives and special offers:

Buying

Build equity and unlock the full Honda ownership experience by buying your next new Honda, used vehicle, or Certified Pre-Owned Honda at North City Honda today. Drive without limits and enjoy all the benefits that come with Honda ownership, including its amazing warranty, freedom to customize, and ability to resell whenever! All-new Honda vehicles are covered by a 3-Year/36,000-Mile Limited Warranty, plus a 5-Year/60,000-Mile Powertrain Limited Warranty. Additional benefits of choosing to buy or lease include:

  • Less worry about your vehicle’s condition
  • No limit on mileage
  • Full ownership of your vehicle
  • Factory warranty to cover major repairs

Leasing

Want to experience and enjoy a new Honda every two to three years? Honda leasing is a great option that comes with a wide range of benefits. Choose the contract length and model that best fits your lifestyle and budget. Honda also empowers you to eliminate monthly lease payments with their One-Payment Leasing program. Don’t worry about your Honda’s value, with a lease, you’re only paying for the depreciating value. That’s not all, leases also start at a lower down payment, feature lower monthly payments, and offer more flexible end of lease options. Additional advantages of choosing to lease a new Honda include:

  • Lower down payment
  • Lower monthly payment
  • Opportunity to drive a new car every two to three years
  • Factory warranty to cover major repairs

Honda Lease Return Options

Return Your Honda: Choose to continue your Honda experience by returning your current leased vehicle and walking away or exploring all the benefits of upgrading to an all-new Honda model with a brand new lease. schedule your end-of-lease vehicle inspection through SGS. When it’s time to return your lease to the Honda dealer, please bring the following items with you:

  • All keys to the vehicle
  • Owner’s Manual and maintenance records
  • Vehicle Return Receipt
  • Vehicle Inspection Report
  • Receipts for completed repairs

Purchase Your Leased Honda: If you decide to purchase your Honda vehicle, there is no need to have it inspected. All you have to do is set up a payment plan or in full online. This is a great option if you’ve enjoyed your current lease and want to purchase it at a depreciated value.

Why Finance with Honda Financial Services?

With Honda Financial Services you get affordable rates, flexible terms, and peace-of-mind protection. We offer competitive financing on new and used Honda vehicles as well as Honda Certified Pre-Owned Vehicles. Learn more about Honda Care and all the benefits of choosing Honda Financial Services over the competition.

Honda Care

Protecting your investment is easy with Honda Care. Honda Care provides a wide variety of coverage and services designed to look out for you and your vehicle, so you can enjoy the smoothest ride possible for many years to come. Learn more about Honda Care Vehicle Service Contracts and GAP coverage. Additional benefits of choosing Honda Financial Services include:

  • Leadership Purchase Plan puts your name on the title and leaves a lot more money in your bank account
  • Honda Leadership Leasing locks in the end-of-lease purchase price at signing
  • Honda Leadership Leasing offers end-of-term flexibility
  • Honda Leadership Leasing® includes a $500 Excessive Wear-and-Use or Damage Waiver
  • Guaranteed Asset Protection (GAP) covers the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss

FAQs

  • Less worry about your vehicle's condition
  • No limit on mileage
  • Full ownership of your vehicle
  • Factory warranty to cover major repairs
  • Payments are usually lower, compared to a purchase
  • Opportunity to drive a new car every two to three years
  • Factory warranty covers major repairs

A car's mileage affects its resale value. If you drive more miles than the average American driver (12,000 per year) a lease may not make sense. Leases most often come with a limit of 10,000-15,000 miles per year and a fee per mile for additional miles driven.

The One-Pay Lease provides the flexibility and protection of the Honda Leadership Lease®, without the monthly payment.

Leasing offers a lower monthly payment when compared to financing with the same loan terms. Instead of putting your cash into a car that depreciates, you can invest your money into something that appreciates. If you need access to more cash every month - leasing is a good choice. Car leases also do not usually require a substantial down payment.

When you lease a car you pay less for sales tax. When you purchase a car you pay sales tax on the total amount upfront or rolled into your loan. When you lease you pay sales tax only on the portion of the car you finance.

With a 3 year lease, your vehicle is under warranty and the factory will cover the cost of most repairs. Not to mention that a brand new car is unlikely to have dead batteries, or need costly repairs.

You will need to pay your state's licensing fees, and you still need to purchase car insurance to cover theft and damage. GAP (Guaranteed Auto Protection) insurance is available with most leases to protect you if the car is totaled.

  • You can lease a new Honda
  • Purchase a new Honda
  • Purchase your currently leased Honda
  • Or walk away
  • Mileage limitations
  • No customizations
  • Excessive wear and tear will also cost you
  • Not an asset like financing
   

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 7:00 PM
  • SunClosed
Service Hours:
  • Mon7:00 AM - 6:00 PM
  • Tue7:00 AM - 8:00 PM
  • Wed7:00 AM - 6:00 PM
  • Thu7:00 AM - 8:00 PM
  • Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed
Parts Hours:
  • Mon7:00 AM - 6:00 PM
  • Tue7:00 AM - 8:00 PM
  • Wed7:00 AM - 6:00 PM
  • Thu7:00 AM - 8:00 PM
  • Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed

North City Honda is located at: 6600 N Western Ave • Chicago, IL 60645
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North City Honda 42.002201, -87.690112.