benefits of leasing

There are lots of great reasons to lease. We've listed a few here. If you're not sure if leasing is for you, read out Lease vs. Finance Guide or as a sales representative.

Benefits of leasing a Honda

A new vehicle every few years

Since the lerms typically vary between 24 and 36 months, you'll always be driving the latest and greatest Honda.

Little or no money due at signing

With leasing, you can choose how much you want to put down or if you don't want to put anything down at all. Ask about our Sign & Drive programs, where there's $0 due at signing! Even your lease startup fees and first month's payment are rolled into the lease, so a 36 month lease only has 35 monthly payments!

Low Monthly Payments

Since you're only paying for the depreciation, leases offer significantly lower payments than traditional financing.

Low maintenance costs

Leases often end before it's time to perform the more involved and costly maintenances.

Little risk of a costly repair

Since the vehicle typically remains within warranty for the term of the lease, there's little risk of a costly repair bill.

High residual values

High residual values mean low depreciation and low monthly payments!

Tax advantages for business use

People who use a lease car for business may find larger tax deduction with leasing than with buying a vehicle. Check with your tax advisor.

Benefits of leasing a Honda through American Honda Finance

Flexible Contract Terms

Contracts can range from 24-60 months, which means there's a right lease to suit any needs.

Free GAP Insurance

Guaranteed Asset Protection (GAP) generally covers the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss. This coverage is free with your lease through American Honda Finance.

Closed End Lease

A closed end lease is a rental agreement which puts no obligation on the lessee to purchase the vehicle at the end of the lease and/or pay more if the depreciation exceeds the estimate (unless this is from excess mileage, excessive wear and tear, extended terms, etc.). Some leasing companies charge more at the end of a lease if the vehicle depreciated more than they anticipated, leaving the lessee with an expensive unexpected bill at the end of the lease. By leasing with American Honda Finance, the lessee isn't responsible for this risk.

Excess wear and use waiver

Leases with American Honda include an Excess Wear and use Waiver policy. The maximum wear and use benefit covers a single incident at a maximum of $500 per incident up to a total of $1,500.

No Disposition Fee

Disposition fees are hidden fees that the lessee is required to pay at the end of a lease. While lots of automobile leasing companies charge these fees, American Honda Finance does not include disposition fees or purchase-option fees in their lease contracts.