Deal of the Day

How Do I Lease a Car?

Leasing a Car

While at one time purchasing a car seemed to be the primary financing option while searching for a new vehicle, leasing has really been on the upswing in recent years. Gulfport, Long Beach, and Biloxi drivers will find numerous benefits when choosing this option.

Want to learn the ins and outs of how to lease your next car? All you've got to do is check out this article by the Pat Peck Honda team.

What Does It Mean to Lease a Car?

If you've never leased a car before, you may be wondering how exactly it's done. It's actually quite different from buying.

When you buy a car outright, you're paying for the full SRP, or Suggested Retail Price. In other words, its whole value over a course of years.

With a lease, you're only taking the car home for a term of a few years or so, which means you don't have to pay for the full value of it. Instead, you only pay for the depreciation that occurs while it's in your possession.

Calculating Your Lease Payment

In order to learn how to lease a car, you're going to have to sit down with the finance team/span> at the dealership. They'll work with you to figure out how long you're going to drive your lease for.

From there, they'll determine your mileage cap and come up with a depreciation estimate for the full term. Ultimately, this estimate is divided by the number of months you intend to drive the car for and that's where your payment numbers come from.

Since you're only paying for the depreciation value, your monthly payments are bound to be lower than they would be if you were purchasing the car. So, leasing can actually help you save some money.

Leasing Benefits

Leasing vs Buying eBook CTA

Leasing comes with several different advantages that you won't have when buying. These are some of our favorites.

No long-term commitment

If you're buying new, you're likely going to hold on to that car for many years. Some of us, however, would prefer to trade in after two or three years.

Leasing will allow you to do so without any of the hassle of selling.

Always something new

Do you like to have the newest of the new? The latest gadgets, shiniest features, and all-around most up-to-date specs? Then you'd probably rather lease. This way, whenever something starts to grow outdated, you can just trade it in for your next model.

Leasing is good for all credit histories

Leasing is one of those financing options that can really work for anybody. No matter what your credit history may be, if you sit down with the dealership's finance team, they'll find a solution for you.

Learn More About How to Lease Your Next Car

When Gulfport, Long Beach, and Biloxi drivers want a new car without the long-term commitment, they can always lease.

Want to learn more about leasing your next car? Come sit down with the finance team at Pat Peck Honda. We make the process simple.

Fill out a finance form online today to get started!

Check Out Our Lease Deals

2018 Accord Sedan

Offer 1 of 1
$249/month Lease Offer Get This Deal

2018 Honda Accord Sedan 1.5T L4 LX Continuously Variable FWD (CV1F1JEW)

$249/month for 36 months with $2,399 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Accord Sedan Continuously Variable Transmission LX (CV1F1JEW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $24,465.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $21,498.67. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,964.00. Option to purchase at lease end $13,700.40. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 Civic Coupe

Offer 1 of 1
$189/month Lease Offer Get This Deal

2018 Honda Civic Coupe 2.0 L4 LX Continuously Variable FWD (FC4B5JEW)

$189/month for 36 months with $2,199 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Civic Coupe Continuously Variable Transmission LX (FC4B5JEW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $21,045.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $16,885.97. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $6,804.00. Option to purchase at lease end $10,943.40. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 Civic Hatchback

Offer 1 of 1
$209/month Lease Offer Get This Deal

2018 Honda Civic Hatchback 1.5T L4 LX Continuously Variable FWD (FK7H2JEW)

$209/month for 36 months with $2,199 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Civic Hatchback Continuously Variable Transmission LX (FK7H2JEW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $21,845.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $18,591.11. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $7,524.00. Option to purchase at lease end $12,014.75. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 Civic Sedan

Offer 1 of 1
$189/month Lease Offer Get This Deal

2018 Honda Civic Sedan 2.0 L4 LX Continuously Variable FWD (FC2F5JEW)

$189/month for 36 months with $2,199 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Civic Sedan Continuously Variable Transmission LX (FC2F5JEW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $20,635.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $17,073.08. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $6,804.00. Option to purchase at lease end $11,142.90. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 Civic Si Coupe

Offer 1 of 1
$229/month Lease Offer Get This Deal

2018 Honda Civic Si Coupe 1.5T L4 Base 6-speed Manual FWD (FC3A5JJW)

$229/month for 36 months with $2,399 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Civic Si Coupe 6 Speed Manual (FC3A5JJW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $24,995.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $20,918.20. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,244.00. Option to purchase at lease end $13,747.25. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 Civic Si Sedan

Offer 1 of 1
$229/month Lease Offer Get This Deal

2018 Honda Civic Si Sedan 1.5T L4 Base 6-speed Manual FWD (FC1E5JJW)

$229/month for 36 months with $2,399 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 Civic Si Sedan 6 Speed Manual (FC1E5JJW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $24,995.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $21,387.60. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,244.00. Option to purchase at lease end $14,247.15. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 CR-V

Offer 1 of 2
$239/month Lease Offer Get This Deal

2018 Honda CR-V 2.4 L4 LX Continuously Variable AWD (RW6H3JEW)

$239/month for 36 months with $2,199 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 CR-V Continuously Variable Transmission AWD LX (RW6H3JEW) available from November 15, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $26,645.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $22,913.80. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,604.00. Option to purchase at lease end $15,187.65. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2018 CR-V

Offer 2 of 2
$229/month Lease Offer Get This Deal

2018 Honda CR-V 2.4 L4 LX Continuously Variable FWD (RW5H3JEW)

$229/month for 36 months with $1,999 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2018 CR-V Continuously Variable Transmission 2WD LX (RW5H3JEW) available from November 15, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $25,245.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $21,799.91. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $8,244.00. Option to purchase at lease end $14,389.65. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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2019 Odyssey

Offer 1 of 1
$359/month Lease Offer Get This Deal

2019 Honda Odyssey LX 9-speed Automatic FWD (RL6H2KEW)

$359/month for 36 months with $2,499 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires January 2, 2019

Closed end lease for 2019 Odyssey 9 Speed Automatic LX (RL6H2KEW) available from November 1, 2018 through January 2, 2019, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $31,085.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $27,994.33. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $12,924.00. Option to purchase at lease end $17,407.60. Must take new retail delivery on vehicle from dealer stock by January 2, 2019. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year for vehicles with MSRP less than $30,000, and 20¢/mile over 12,000 miles/year for vehicles with MSRP of $30,000 or more. See your Honda dealer for complete details.

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Sales

Monday - Friday 7:30AM - 6:00PM
Saturday 7:30AM - 6:00PM
Sunday Closed

Schedule Service

Monday - Friday 7:30AM - 6:00PM
Saturday 7:30AM - 6:00PM
Sunday Closed

Parts

Monday - Friday 7:30AM - 6:00PM
Saturday 7:30AM - 6:00PM
Sunday Closed

Mobile Collision Center

3025 Government Blvd.,
Mobile, AL 36606

Monday - Friday 7:30AM - 5:30PM
Saturday Closed
Sunday Closed
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