How Does Leasing a Car Work?

When you search for a new car in Jackson, you have the option to either lease or finance your new Honda vehicle. If you’ve decided that leasing is the best option for you, then you may be wondering how leasing a car works when you visit a local dealership like Honda Universe. Learn how to lease a car with our team below, then read our other car buying tips for more information!

How to Lease a Car

Leasing a car is a relatively simple process with our finance team, and can be done in five easy steps! Read below to learn how to lease a car at Honda Universe: 

1. Decide on how big of a down payment you can make. The larger the down payment you make upfront, the lower your monthly payments will be. If you have a trade-in vehicle, that can lower your monthly payment as well.
2. Use our payment calculator to calculate the size of the monthly payments you can afford to make.
3. Check out our Honda Universe lease specials. You can find some great deals on popular Honda models!
4. Once you’ve started the lease, stay within the mileage limit. Exceeding this limit can result in additional charges.
5. Keep up with the maintenance schedule. This is a requirement of your lease.

How to Return a Leased Car

When it’s time to return your leased car, you’ll find that the process is straightforward and easy! Read below to see the steps to return a leased car: 

1. Submit your car for a pre-inspection.
2. Fix any issues that came up during the inspection.
3. Thoroughly clean the vehicle.
4. Delete your information from the entertainment system.
5. Bring your lease paperwork and maintenance documentation.
6. Pay any fees.
7. Pick out your new vehicle! (You can also choose to extend your current lease, buy your leased vehicle, or just return the car without exchanging for a new one.)

Advantages of Leasing Over Buying

There are many advantages that come with leasing and buying a new Honda vehicle, but many Toms River drivers find that the benefits that come with leasing a new car better fit their driving needs. Read some of the benefits that come with leasing a new vehicle below:

• Lower Sales Tax – In most states, leasing a vehicle drastically lowers sales tax.
• Simpler Trade-In Process – Just turn your car in at the end of the lease and start a lease on a new one.
• Lower Monthly Payments – If you’re working with a strict budget, your monthly payment amount may be the most important factor when deciding whether to lease or finance.
• Warranties – Leased automobiles are always under warranty, as long as you stay under the mileage limit.
• The Latest Features – Because you’ll be driving a brand-new vehicle every couple of years, you’ll always have the latest feature options at your fingertips.

Lease a New Honda at Honda Universe

Now that you know more about how to lease a new vehicle from Honda Universe, visit our Lakewood showroom to take a test drive in your favorite model and start the leasing process with our finance department. Get behind the wheel of a new Honda for your Freehold commute today!