When it comes to shopping around for your new Honda, the question may arise as to whether you should buy or lease. We all know what it means to purchase, whether it be with cash or financing, but how much do you know about the leasing side of getting a new vehicle?
There are quite a few great reasons that come to mind as to why leasing your new Honda is the smartest decision. When you lease, you are getting the chance to drive a new vehicle every few years, keeping up to date with new models, technology, and changing lifestyles. Leasing comes with a lower down payment (right now Honda has a special, with $0 due at signing!) and smaller monthly payments than financing does. This can help you get into that more expensive model that you would not normally be able to have if you chose to purchase. The monthly payments that you make during your lease are covering the depreciation of the vehicle, meaning that you are only paying for the part of the vehicle’s worth that you are actually using.
If you normally drive less than 15,000 miles per year a lease is a great option for you. In a lease there is usually a limit of 12,000-15,000 miles that you are permitted to put on the vehicle per year under contract. There is always the option at the start of the lease to buy extra miles if you feel you may go over the limit. This helps in avoiding additional charges at your lease end.
We took a small survey and asked what the top reasons were for leasing a Honda, it came down to this Top Ten:
- Lowers your monthly payment
- No down payment
- Has a guaranteed future value
- Lowers your cost of ownership
- Vehicle is always covered under warranty
- You get more car for the money
- Keeps your family in the safest vehicle
- Prefer to drive a new car more often
- $1500 vehicle protection from Honda
- GAP protection is included in a Honda lease
If a lease is beginning to seem appealing to you, you may be wondering what happens when your lease is up. There are a few choices you can make. One being to purchase the vehicle outright (at a predetermined price set at the beginning of your lease) and keep it. You can also return your Honda and just take care of any end-of-term obligations. It is also always an option to lease a different Honda after turning your previous one in. Honda has a Leadership Leasing Program that enables you to transfer into a new lease that is affordable and easy.
There is much more that I did not get the chance to cover about leasing. If you have any questions at all regarding leasing or even purchasing a new Honda, call, click, or visit at your convenience. We’d love to hear from you!
- Toll free: 866.962.0312 Local: 814.262.2140
- www.buythomashonda.com
- 1920 Bedford St., Johnstown, PA 15904
Your leasing expert team:
- Bill Ingram- General Manager/ Operating Partner
- John Cycyk- Sales Manager
- Tim Verostick- Sales Manager
- Jessica Pipon- Lease Consultant




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