How Do I Lease 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.
Learn more about leasing vs buying here.
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 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 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 This way, whenever something starts to grow outdated, you can just trade it in for your next model.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
2020 Accord Sedan
Offer 1 of 12020 Honda Accord Sedan 1.5T L4 LX Continuously Variable FWD (CV1F1LEW)
$249/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 May 4, 2020
2020 Civic Hatchback
Offer 1 of 12020 Honda Civic Hatchback 1.5T L4 LX Continuously Variable FWD (FK7H3LEW)
$199/month for 36 months with $2,999 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 5, 2020
2020 Civic Sedan
Offer 1 of 12020 Honda Civic Sedan 2.0 L4 LX CVT Continuously Variable FWD (FC2F6LEW)
$199/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 May 5, 2020
2020 Civic Si Sedan
Offer 1 of 12020 Honda Civic Si Sedan 1.5T L4 Base 6-speed Manual FWD (FC1E5LJXW)
$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 May 5, 2020
2020 CR-V
Offer 1 of 12020 Honda CR-V 1.5T L4 LX Continuously Variable AWD (RW2H2LEW)
$269/month for 36 months with $3,099 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2019 CR-V
Offer 1 of 22019 Honda CR-V 1.5T L4 EX Continuously Variable AWD (RW2H5KJW)
$269/month for 36 months with $2,899 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2019 CR-V
Offer 2 of 22019 Honda CR-V 1.5T L4 EX Continuously Variable FWD (RW1H5KJW)
$259/month for 36 months with $2,799 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Fit
Offer 1 of 12020 Honda Fit CVT LX Continuously Variable FWD (GK5H4LEW)
$179/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 May 4, 2020
2020 HR-V
Offer 1 of 22020 Honda HR-V LX Continuously Variable AWD (RU6H3LEW)
$189/month for 36 months with $3,499 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 HR-V
Offer 2 of 22020 Honda HR-V LX Continuously Variable FWD (RU5H3LEW)
$189/month for 36 months with $2,599 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Odyssey
Offer 1 of 12020 Honda Odyssey LX 10A FWD (RL6H2LEW)
$329/month for 36 months with $2,699 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Passport
Offer 1 of 22020 Honda Passport EX-L 9-speed Automatic AWD (YF8H5LJNW)
$329/month for 36 months with $3,099 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Passport
Offer 2 of 22020 Honda Passport EX-L 9-speed Automatic FWD (YF7H5LJNW)
$309/month for 36 months with $3,099 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Pilot
Offer 1 of 42020 Honda Pilot LX 6-speed Automatic 4WD (YF6H1LEW)
$289/month for 36 months with $3,099 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Pilot
Offer 2 of 42020 Honda Pilot EX 6-speed Automatic FWD (YF5H3LEXW)
$299/month for 36 months with $2,799 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Pilot
Offer 3 of 42020 Honda Pilot EX 6-speed Automatic 4WD (YF6H3LEXW)
$319/month for 36 months with $2,999 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
2020 Pilot
Offer 4 of 42020 Honda Pilot EX-L 6-speed Automatic 4WD (YF6H5LJNW)
$339/month for 36 months with $3,299 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers.
Expires May 4, 2020
