Leasing cars affords you the opportunity to get new vehicles every three years or so. Some argue that it is expensive, but that’s not necessarily the case. By tracking down great lease deals, you can lease the car of your choice without breaking the bank. If you’re interesting in leasing a Honda, you can take your pick from many great Honda lease deals that are currently happening around the country. Before that, though, learn the basics about securing terrific lease deals to ensure that your experience goes as smoothly as possible.
The trick to getting a great Honda lease deal is to do plenty of research and to compare and contrast as many viable options as possible. It takes time, but the payoff is enormous. The first step is pinpointing a specific model. If you can’t narrow it down to just one, try to limit it to two or three at the most. Test drive your top choices, but don’t inquire about leasing them at the dealership just yet.
Think about how many miles you typically drive in a year. This matters because vehicle leases have strict mileage allowances. When the lease expires, you must return the car. If you’ve exceeded your allotted mileage, you must pay an overage of typically 10 to 15 cents per mile.
Another thing to keep in mind when shopping for Honda lease deals is the term, or length, of the lease. While your monthly payments may be lower by opting for a longer lease, anything that exceeds three years has a major disadvantage: The bumper-to-bumper warranty expires at three years, so you will be responsible for most repairs before the lease expires. This can chip away at whatever savings you get through a lease deal.
Fees and Down Payments
To more accurately compare Honda lease deals, always read the fine print regarding fees and down payments. Many fees are non-negotiable, including taxes and title and licensing fees. However, the down payment, or drive-off fee, isn’t always required. Stick with offers that require drive-off fees of $1,000 or less, or you will get a lot less bang for your buck.
Quotes and Calculators
After determining the Honda model that you want as well as the lease length and mileage per year, you should be ready to request quotes from dealerships. Ideally, request them from dealerships’ internet departments, as they can typically send quotes online to save you time. While doing so, specify the exact model and terms that you need. Ask for the residual three-year value as well, as you will need it to calculate the affordability of the proposed lease. This can be done through online vehicle lease calculators. Compare offers from each dealership, and then use the calculator to double-check that your lease will be affordable for you.
Current Honda Lease Deals
Now is a great time to lease a Honda vehicle, as the manufacturer is offering a number of compelling deals. These include:
- 2016 Honda CR-V – $189 per month for a 36-month, 36,000-mile lease with $2,599 due
- 2016 Honda Odyssey – $259 per month for a 36-month, 36,000-mile lease with $3,199 due
- 2017 Honda Accord Hybrid – $259 per month for a 36-month, 36,000-mile lease with $2,999 due
As you can see, the most popular Honda lease deals offer full three-year terms and 12,000 miles per year, which is fairly standard. The money due at signing mostly consists of fees and taxes, but make sure to request a detailed breakdown of all charges before choosing an offer. By keeping these tips in mind, you’ll find the right Honda lease deal before you know it.