Once you’ve chosen the new Honda that’s ideal for your San Marcos lifestyle, it’s time to do the preliminary work.
Budget: If you aren’t financing a new Honda, you’ll still need to budget for your monthly lease payments. Leasing doesn’t include a high down payment, but you’ll still want to see what you can afford from month to month. Consult our payment calculator if you need assistance!
Calculate Average Yearly Mileage: Unlike financing, leasing comes with mileage restrictions. These can typically be negotiated based on payments, but either way you’ll want to do your homework in order to avoid future penalties and charges.
Negotiate: After you’ve found the car you want to lease, it’s time to determine your lease payments! Note that you can still trade in a car to offset the costs.
Sign and Drive: Here comes the fun part! After you pay taxes, take care of closing costs, and read all of the paperwork so financial disclosures and mileage restrictions are clear, you can take on the Vista roads in your new Honda!
During Your Lease
Leasing a car isn’t all that different from financing in many ways, but there are some important distinctions to be aware of:
Mileage Restrictions: Take note of mileage caps. If you exceed these during your lease contract, you’ll have to pay those penalties.
Alterations: You’re borrowing your Honda lease, so you’re responsible for upkeep and damages. Note that you’ll need to pay for any damages not repaired during the lease.
Breaking Your Lease: You can usually break your lease if you need to, but you’ll probably have to pay a penalty fee that will be disclosed to you while signing for your car. Because of these fees, we recommend trying not to break the lease unless necessary.
Returning Your Lease
Once your lease term ends, you have a few options moving forward. You can:
Return your lease
Exchange your lease for another leased car
Extend your current lease contract
Buy out your current leased vehicle
Choose what’s best for your driving needs! However, if you do return or exchange the car you’ll want to:
Clean the Car: It’s best to play it safe and keep the car in as close to its original condition as possible. This way, a dealer can’t try to give you any extra payment penalties for car condition.
Bring Your Paperwork: Be sure to take your initial terms of agreement, service records, etc. when returning your lease to a dealership.
Pay Your Fees: If your lease did accrue any wear and tear/mileage overages/etc., be sure you pay those fees upon returning the vehicle.
Lease a Car at Honda of Escondido!
When you lease a Honda model like the Honda Pilot from Honda of Escondido, you can trust us to be transparent and assist you every step of the way! Feel free to reach out with any questions you have in the meantime. We want to help you find the right new Honda, whether you choose to lease or finance.