Who buys Honda financial leases?
In accordance with the HFS and AFS lease agreement, lease purchases are only available to the lessee or authorized Honda and Acura dealers. Leased vehicles not purchased must be returned to an authorized Honda or Acura dealer. Trade-In Your Leased Honda Early This same equity can be applied towards the purchase or lease of a new Honda vehicle. Paired with our most current incentives and offers, returning your leased vehicle can certainly be a rewarding decision!
Is it better to lease or buy a Honda?
Leasing often provides lower payments during the first few years of driving a vehicle. However, because the vehicle must eventually be returned or purchased. Buying, on the other hand, may involve higher payments initially, but once the loan is paid off, the vehicle can be driven payment-free for years. Keep in mind that lease terms will be advertised & measured in months instead of years since payments must be made monthly (ex: 3 years would be a 36 month lease). The average dealership lease terms are 2-3 years in length. Leases shorter than 2 years are not available through the dealership.Within this category, most people prefer 36 months (a 3-year lease) – this lease term will usually get you lower monthly rates and total costs, whereas 24 months (a 2-year lease) offers greater flexibility if you want to upgrade your vehicle sooner, but will typically cost more monthly and may come with fewer .