Leasing a Honda can be confusing, especially if you’re a first-time lessee. With that said, it’s common to have some questions about the process and whether it’s right for you. So to help answer your inquiries is Braman Honda Miami’s guide to everything you need to know about leasing a Honda. Check it out below!
Leasing a Honda Can Help You Save
Generally, leasing a Honda can be more cost-effective than purchasing a new car. Though Honda offers plans that run the same length as a financing option, lease payments tend to be less expensive. On top of that, lease incentives with low monthly interests may be available for added savings.
While leasing can help you save some money on your next Honda, you still have to set a budget just as you would when you’re buying a vehicle. In addition to the monthly payments, you must consider insurance, service appointments not covered by a service contract, and things like gas to see if you can afford leasing the vehicle you want.
A Lease Comes with Mileage Restrictions
When you choose to lease a brand new Honda, your terms will include a mileage restriction. Depending on which lease option you choose, you can be limited to driving up to only 10,000 miles a year. So leasing may not be an ideal option for daily commuters traveling more than 300 miles a week.
However, Honda does offer multiple plans with Honda Leadership Leasing®. This allows you to choose a plan that lets you drive 12,000 to 15,000 miles a year. These plans also give you the option of purchasing additional miles for less than what you’ll need to pay for overage fees when you first sign up for the lease.
You Must Purchase or Return the Car at End of Lease
Think of a lease plan as a way for you to rent a new car for an extended amount of time. When that time is up, you must return the vehicle to the dealership and choose another car to lease. You can also choose to purchase it.
You’ll want to do some research before decide to return or purchase it to determine which option will give you the best value. Sometimes, a vehicle will be worth less than what a dealership is offering you to buy it. In this situation, you’ll want to return the vehicle and lease another. If a car is still high in value after the lease ends, you can purchase it to keep or resell.
Honda Offers Great Leasing Options
As stated, Honda offers Honda Leadership Leasing® for drivers in Miami, Hialeah, and Doral. They feature flexible plans of varying lengths and mileage options to help you find the lease that’s best for your lifestyle.
On top of that, Honda Leadership Leasing automatically includes Guaranteed Asset Protection and available service plans for protection, maintenance, and service.
Lease Your Honda Today!
Now that you know a little bit more about leasing your next Honda, it’s time to find your ideal vehicle. Braman Honda in Miami is home to an array of new Honda models for you to choose from. So if you’re in the market to lease your next new car, contact our showroom or visit us to learn more about your leasing options and schedule your test drive today!