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"Worth the Drive":

  • Modern Approach to Pricing
  • Hassle free shopping experience
  • Vehicle Pick-up and Delivery
  • Top rated dealership in the area
  • Service Reminders/Coupons sent to you directly to keep your vehicle in great shape
  • Customer focused

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You can now purchase your new vehicle entirely online...

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The O'Brien Experience

Buy vs. Lease: Our Finance Experts Can Offer Advice

Should I buy a new O'Brien Honda car, truck or SUV or should I lease? What will my lease payments or finance payments be? What can I afford? The options – and the questions – can seem confusing. The decision to lease or finance depends on many factors, but most customers make the decision based on monthly payments and how long they typically drive their vehicles. The leasing and financing experts at O'Brien Honda will help you decide which option works for you.

In general, customers who lease prefer to drive a new car every two to three years and appreciate making lower monthly payments. For certain business customers there may also be additional tax advantages with leasing. Customers who finance their vehicles tend to drive them for five to 10 years and appreciate driving without mileage limitations.

Explore the detailed benefits of leasing and financing below.


Owning a car can be a great investment. If you buy a Honda, and you take good care of it, you may not need to buy another car for years, or perhaps you’ll be able to sell it for a good price when you are ready for something new. Because there are no restrictions, you’ll be able to drive as much as you want. And you can customize your car with accessories, add-ons, paint and bumper stickers, or aftermarket performance enhancers.

Who Owns It?

The car is yours and only yours. You might pay for it with cash, or make payments under a financing plan. If you’re financing the car, your lender will require you to meet certain obligations, such as monthly loan payments or a down payment. Otherwise, your car can be repossessed.

Up-front Costs

Financing a car means the bank or lender will need an initial payment from you, which is usually calculated according to your credit score, among other factors. You may also choose to trade in your old vehicle, the value of which can be put towards your down payment.

Future Valuie

While the value of a new depreciates over time, you can always sell your car for a fair price as long as you maintain it properly. It’s important to visit a Honda factory-authorized service facility at regular maintenance intervals for this reason. However, even a car in bad shape may be sold for parts or scrap.

End of Payments

You’ll have to pay a certain amount as stipulated in your contract, but once you’re done, that’s it. The institution you borrowed from will send you the title for your vehicle, which is proof that the vehicle belongs entirely to you and may not be repossessed for nonpayment. The vehicle is now yours.


Leasing a car is much cheaper than buying it outright, because you’re only paying a percentage of the total price. You won’t have to worry about getting a good price or finding a buyer for it when you’re done ... you simply turn it in at the dealership and get another new O'Brien Honda. If you like to have the newest gadgets in your car, leasing may be your best bet, as you can regularly upgrade to drive the latest models. You may also be able to drive a more expenswive car than you could normally afford.

Who Owns It?

The institution through which you are leasing the car retains ownership. You’re essentially renting the vehicle. Your contract will state you’re using the car for a set amount of time in exchange for a set amount of money.

Up-front Costs

A lease doesn’t typically require a down payment, but you will have to provide the first month’s payment along with a security deposit, acquisition fee and any other applicable costs. It’s possible to lower the amount of your monthly lease payments by increasing your initial fee.

Future Value

Because you don’t own the car, you will turn it in to the dealership at the end of your lease. However, pay close attention to any mileage restrictions or wear and tear guidelines -- excessive use may cost you extra when you return your vehicle.

Tax Advantage for Business Use

People who use a leased car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor

End of Payments

You usually just return the vehicle when your lease ends. However, you may be able to purchase it during or after the term of your lease, or trade it in before the term of your lease is over. If you think you might want to employ any of these options, ask your financing agent about them before the lease is signed.

Best Cars to Lease

The amount you’ll pay for a lease is based on the amount of time you’ll have the car and the amount it will depreciate once you’ve driven it, so the cheapest leases are those for cars that will retain their value after the term of the lease is up. Your O'Brien Team financial expert can help you with this decision when choosing a new Honda in Normal.

Explore Our Lease Specials and Finance Offers at O'Brien Honda!

Ready to explore your lease options or finance options? Good. We're here to help. Simply take a look at our lease specials and finance offers, available to Bloomington drivers! Contact us today to learn more – or to get started in taking home your next Honda.