Spreen Honda helps customers decide to buy or lease

New online tool helps with decision

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Aug 19, 2013, 06:24 ET

LOMA LINDA, Calif., Aug. 19, 2013 /PRNewswire-iReach/ -- When customers walk into the Spreen Honda showroom, one of the most common obstacles to clear is whether that person should buy a vehicle or lease a vehicle. Without question, buying or leasing a Honda vehicle are the two most popular ways people end up with a new Honda car, truck or SUV in their driveway. Determining which option someone should pursue to takes an honest self-assessment on behalf of the customer and the ability to read details on the part of the Spreen Honda sales professional. Because of the extensive training the Spreen sales staff receives, they are more than qualified to help customers with this sometimes frustrating question. They have also launched a new online tool to help customers get an idea whether buying or leasing is best for them.

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Those that choose to buy a vehicle outright from Spreen Honda have many advantages over those who choose to lease. For one, when someone buys a vehicle, the vehicle becomes theirs after the loan has been paid off. Once the loan has been satisfied, that customer has built equity in that vehicle and now has a valuable bargaining chip when they go to purchase their next vehicle because they can use the old vehicle as a trade-in to help defray some of the cost of the down payment on the new one. Also when it comes to buying a car over leasing one, customers are free to modify or change out any factory-installed components.

Choosing to lease a vehicle offers the major advantage of having a lower out of pocket cost. When someone is leasing a vehicle, the payments they are making are essentially paying for the vehicle's depreciation over the lifespan of that lease agreement. In general terms this means that for what a person may pay per month on a traditional car loan payment, a larger or more expensive car can be leased for the same or similar amount of money. Leasing is great tool for those that don't put on a lot of miles and have fairly set routine. Almost any lease agreement is going to come with a set amount of miles that can be used over its life. Just like with a cell phone plan, going over the allotted miles can be costly.

To view the vehicles that are available for sale or for lease from Spreen Honda, customers are invited to log on to www.spreenhonda.com for their inventory. The Spreen Honda showroom is located at 25050 Redlands Boulevard, Loma Linda, CA. Anyone with questions about sales or leasing should call, (909) 799-7070. Spreen Honda also has some of the most reliable used cars for sale in the Inland Empire.

Media Contact: Matt Humphrey, Spreen Honda, (909) 799-7070, [email protected]

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SOURCE Spreen Honda