Leasing 101: Everything you need to know about leasing a new Honda

Leasing FAQs Buying vs Leasing End of Lease Options End of Lease Process

At Sheehy Honda in Alexandria, we understand that buying and financing a new car can be difficult and that not everybody can finance a new car which is why we love our Honda leasing program! Using our Honda Leadership Leasing program, you can still get a brand new Honda and have plenty of payment and lease term options. Scroll down to learn more about the many benefits of leasing a new Honda. 

 

Leasing Benefits:

There are many benefits of leasing, but the biggest advantage is that you get more options and have less concerns. And with Honda Leadership Leasing, you get even more options and protection to give you peace of mind when driving your new Honda. Some of the various benefits include, flexible terms, multiple mileage options, automatic gap coverage and more! Scroll down to learn more about leasing advantages. 
 

Flexible Terms

You have the option to choose a leasing contract from anywhere between 24 and 60 months. And you can avoid making monthly lease payments with Honda's One-Payment Leasing Program!

Multiple Mileage Options
 

You have the ability to choose either a 12,000 or 15,000 mileage per year plan. And if you think you will be driving more than 15,000 miles in one year, you can purchase additional miles.
 

Automatic GAP Coverage

GAP or Guaranteed Asset Protection insurance comes standard on all Honda Leadership Leases and will cover the difference between the insurance payments and what is left outstanding on your lease if your Honda is stolen or considered totaled beyond repair. 
 

Excess Wear and Use Waiver
 

All Honda Leadership Leasing includes a $500 Excessive Wear and Use Waiver to help you save even more. 
 

Guaranteed Purchase Price
 

With Honda Leadership Leasing, the purchase price of the vehicle stays the same from the moment you originally leased your new Honda. So, if your new Honda has a higher value when your lease ends, you will still be able to buy it at the guaranteed price. If your Honda loses value when your lease ends, you'll be able to turn it in and lease a brand new Honda!
 


End of Term Flexibility
 

You have tons of options when your lease ends! You can either purchase the vehicle at the guaranteed price, lease a new Honda, purchase a new Honda or simply turn in the vehicle you leased. 
 

We also provide many benefits to our loyal customers! If you've previously leased a new Honda with us before, you qualify for an additional Excessive Wear and Use Waiver and you might be eligible to get your turn-in fee waived. 
 

Leasing Options:

 

  • Mileage Options: You can choose between a 12,000 mile or 15,000 mile plan. And if you think you'll drive more than 15,000 miles in one year, you can purchase more mileage for a low price!
  • Contract Options: You have the option to choose to lease your car for up to 60 months! Your options include leasing contracts for anywhere between 24 and 60 months. 
  • End of Lease Options: When your lease ends, you can either buy your Honda at the guaranteed price, lease a different Honda, buy a new Honda or just turn in the Honda you leased.
  • One-Pay Lease Option: With One-Pay Leases, you can avoid monthly payments by paying for the entire lease in one simple transaction. In addition to simplifying your payments and finances, you can also get a discount off your qualifying rate! And if you're worried you won't get all of the amazing Honda leasing benefits, you can relax! You will still receive GAP insurance, an Excess Wear and Use Waiver, and a guaranteed purchase price. Click here to learn more about Honda's One-Pay Leasing.

 

At Sheehy Honda in Alexandria, we pride ourselves on our knowledge of leasing and car buying process as well as our excellent customer service! If you have any questions about leasing a new vehicle, call us at (703)660-0100 or stop by our showroom located at 7434 Richmond Highway Alexandria, VA 22306. Our expert sales associates will work with you to make sure you're comfortable with the leasing process and to answer any questions you have.