Leasing a Honda comes with many advantages you may not know about. Here are some common questions and answers about leasing.
Q. Is there a limit to the number of miles I can drive with a lease?
A. When you lease a Honda, you have choices. The most popular plans allow for 12,000 miles or 15,000 miles per year, however you may opt to purchase additional mileage to suit your personal driving needs. Paying for additional miles up-front is often less costly than at the end of your lease.
Q. I drive a lot of miles; isn't it better to purchase?
A. If you drive a lot of miles, leasing a Honda makes better sense than purchasing one because when you lease, you can trade in your vehicle frequently. If you drive a lot of miles and purchase your vehicle, you may end up "paying" a lot more for the miles you've driven with a lower trade-in value when the time comes to purchase your next car.
Q. Am I protected with a lease in case my Honda is deemed a total loss because of theft or an accident?
A. Yes. All of our leases include Guaranteed Asset Protection (GAP) coverage, which covers the difference between what you owe on your lease and what your insurance pays should your vehicle be stolen or deemed a total loss in an accident.
Q. Don't I have to pay for wear-and-use charges?
A. Honda leases include a $1,500 Excessive Wear and Use Waiver, which should more than cover most drivers. And consider this: If you purchased your vehicle, wear-and-use (those door dings and upholstery tears) could cost you in the form of a lower trade-in value. Leasing can actually be more forgiving when it comes to wear and use.
Q. Doesn't it make more sense to own my vehicle?
A. Less than 20% of customers who get a 5-year loan keep their vehicles long enough to pay off the loan. When you lease a Honda, not only do you enjoy all the benefits of leasing, but you have several options at lease-end: you can purchase the vehicle, extend your current lease, or lease a new vehicle. The choice is yours.
Customers should LEASE if...
Customers should PURCHASE if...
Advantages of LEASING
Advantages of PURCHASING
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