5 Common Honda Lease Questions
Applying for a Honda lease is a great way to get behind the wheel of the latest, most exciting models in our lineup. However, there are some limitations and fees to be aware of. If you’re confused about leasing a new car from Lester Glenn Honda, these common questions and answers should straighten things out.
Can I Drive a Lease as Much as I Want?
Most leases come with an annual mileage cap, which is usually set at between 10,000 and 15,000 miles. If you go over this limit, you’ll be required to pay a per-mile fee set in your contract. If you think you’ll exceed your limit as part of your regular drive, talk to your financier – you may be able to negotiate a higher limit.
What’s a Closed-End Lease?
When you sign a closed-end lease, the estimated cost of depreciation is already factored into your regular payments. With an open-end lease, on the other hand, you are expected to pay for any additional depreciation when you turn in your car.
Can I Be Charged for Wear and Tear?
While you aren’t responsible for additional depreciation with a closed-end lease, you still may be charged for wear and tear. Before you turn in your lease, have the vehicle professionally cleaned to minimize any extra charges.
Can I End My Lease Early?
You may be able to terminate your lease early, but it can be more expensive than finishing the lease. Transferring your lease may be an easier option if you can find another driver looking for a similar car. Your contract may also outline an option for buying your leased car outright.
What Maintenance Am I Responsible For?
Regular maintenance is just as important to a leased car as it is to one you own. In fact, many lease agreements require you to keep up on vehicle maintenance. Check your maintenance schedule and visit our service center for oil changes, tire rotations, and other scheduled maintenance.
Explore Honda Lease Options
If you’re looking for a new daily drive, a Honda lease can be a great way to behind the wheel. Stop by our Sea Girt, NJ, Honda dealership and talk to our expert team about applying for a lease. Then, take one of our exciting Honda models for a test drive today!
