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.
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 This way, whenever something starts to grow outdated, you can just trade it in for your next model.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.
$249/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 March 2, 2020
Closed-end lease for 2019 CR-V Continuously Variable Transmission 2WD LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $25,570.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $22,243.60. Total monthly payments $8,964.00. Option to purchase at lease end $14,063.50. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
$259/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 March 2, 2020
Closed-end lease for 2019 CR-V Continuously Variable Transmission AWD LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $26,970.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $23,333.26. Total monthly payments $9,324.00. Option to purchase at lease end $14,833.50. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2019 CR-V
Offer 3 of 4
$259/month
2019 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 March 2, 2020
Closed-end lease for 2019 CR-V Continuously Variable Transmission 2WD EX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $28,470.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $24,941.45. Total monthly payments $9,324.00. Option to purchase at lease end $16,512.60. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2019 CR-V
Offer 4 of 4
$269/month
2019 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 March 2, 2020
Closed-end lease for 2019 CR-V Continuously Variable Transmission AWD EX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $29,870.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $26,071.08. Total monthly payments $9,684.00. Option to purchase at lease end $17,324.60. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2019 Fit
Offer 1 of 1
$179/month
2019 Honda Fit CVT LX Continuously Variable FWD (GK5H4KEW)
$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 March 2, 2020
Closed-end lease for 2019 Fit Continuously Variable Transmission LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $17,945.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $16,465.19. Total monthly payments $6,444.00. Option to purchase at lease end $10,408.10. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
$189/month for 36 months with $2,299 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers. Expires March 2, 2020
Closed-end lease for 2019 HR-V Continuously Variable Transmission 2WD LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $21,740.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $19,298.36. Total monthly payments $6,804.00. Option to purchase at lease end $12,609.20. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
$189/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 March 2, 2020
Closed-end lease for 2019 HR-V Continuously Variable Transmission AWD LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $23,140.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $20,104.66. Total monthly payments $6,804.00. Option to purchase at lease end $13,421.20. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2020 Odyssey
Offer 1 of 1
$369/month
2020 Honda Odyssey LX 10A FWD (RL6H2LEW)
$369/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 March 2, 2020
Closed-end lease for 2020 Odyssey 10 Speed Automatic LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $31,910.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $28,540.06. Total monthly payments $13,284.00. Option to purchase at lease end $18,507.80. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
$349/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 March 2, 2020
Closed-end lease for 2019 Odyssey 9 Speed Automatic LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $31,310.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $27,698.93. Total monthly payments $12,564.00. Option to purchase at lease end $15,968.10. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2020 Pilot
Offer 1 of 3
$319/month
2020 Honda Pilot LX 6-speed Automatic 4WD (YF6H1LEW)
$319/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 March 2, 2020
Closed-end lease for 2020 Pilot 6 Speed Automatic AWD LX available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $34,770.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $29,547.39. Total monthly payments $11,484.00. Option to purchase at lease end $20,514.30. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2020 Pilot
Offer 2 of 3
$339/month
2020 Honda Pilot EX-L 6-speed Automatic FWD (YF5H5LJNW)
$339/month for 36 months with $3,399 due at signing. Includes down payment with no security deposit. Excludes taxes, titles and fees. For well-qualified buyers. Expires March 2, 2020
Closed-end lease for 2020 Pilot 6 Speed Automatic 2WD EX-L available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $39,080.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $33,247.62. Total monthly payments $12,204.00. Option to purchase at lease end $23,838.80. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
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2020 Pilot
Offer 3 of 3
$369/month
2020 Honda Pilot EX-L 6-speed Automatic 4WD (YF6H5LJNW)
$369/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 March 2, 2020
Closed-end lease for 2020 Pilot 6 Speed Automatic AWD EX-L available through 03/02/2020, to approved lessees by Honda Financial Services. MSRP $41,080.00 (includes destination; excludes tax, title, license, registration, options, insurance). Actual net capitalized cost $35,383.64. Total monthly payments $13,284.00. Option to purchase at lease end $25,058.80. Lessee responsible for maintenance, excessive wear/tear and up to 20¢/mi. over 12,000 miles/year. Dealer participation may affect actual payment. Dealer sets actual prices. See participating dealers for details.
