Honda End of Lease Options
Find Your Next Car with Pearson Honda!
If you've ever leased a vehicle, then you know it's a great way to access a vehicle for a long period of time without purchasing it outright! For those looking to save a little money before they take the plunge, or who want a more temporary solution for your automotive needs. When you lease a car, you'll be agreeing to use it for a given period of time, as specified in your contract. Sooner or later, that contract will come to an end, and you'll need to have a plan in place so that you're not left without a vehicle to drive. There are lots of options to consider for when your lease ends, and it can be confusing to navigate which path is best for you. Keep reading down below to learn about all of your end-of-lease option!
How Can I Start My Lease?
If you're interested in getting behind the wheel of a new vehicle, a lease might be a great option for you! If you're interested in starting a lease of your own, then Pearson Honda will be here to help! When you lease a car, you're making an agreement with the dealership that you'll drive your desired vehicle for a pre-determined amount of time, and then return it when you're done. Rather than purchasing the vehicle, you get to keep it for that period of time, and then you have the option to give it back. Leasing a car is just like signing a lease for an apartment rather than buying a house. You and the lender agree on the terms of your lease, and then you're free to drive the vehicle for the duration of your lease! Each month, you'll make a payment that allows you to stay in possession of the car, just like paying rent on an apartment.
When to Prepare for the End of Your Lease
As we've described, your lease will last for a designated period of time, which is determined in your contract with the dealer. It's important to think ahead about what you want your next move to be when the lease ends, so that you can be prepared when the term is up. Rather than waiting until the last minute, you can start getting prepared weeks or even months in advance! We recommend that you start researching your options about 90 days out. That will give you the time to explore what's available to you and to research and test drive other vehicles that you might want to lease or purchase next. At the 30-day mark, you should start getting your car ready. This includes taking care of routine maintenance like an inspection, an oil change, a tire rotation, and any other small repairs it might need. Lastly, you should give your car a good cleaning, and make sure that all of your belongings are removed.
What Are My Purchasing Options?
If you're in the planning phase for the end of your lease, you might be wondering what to do next. Oftentimes, drivers will lease a car while they save up for their purchase. You can also purchase the car you've been driving during your lease, which is known as a lease buyout. If you're planning on purchasing a different vehicle, it's important to make sure you give yourself time to test drive your options. Here at Pearson Honda, we have a huge variety of both new and used cars that you can browse at our dealership, and our friendly and knowledgeable team will be happy to help answer any questions you might have. You can also check out our new and used inventories online to see what we have in store for you, and head to our Research Center page for reviews on great Honda models that we have available. Plus, you can check out our current specials on new and used cars to get a great deal on your purchase!
Benefits of Buying vs Leasing
If your lease is about to end, it's the perfect time to start considering your options. If you know that you're in need of a car at the end of your lease, then you'll have the choice of either purchasing a car, or leasing again. As we mentioned above, you can choose to purchase the car you've been leasing, or you can purchase a new or used vehicle from our showroom here at Pearson Honda! If you prefer, you can also choose to renew your lease on your current vehicle, or choose a new vehicle for lease. Leasing is a great choice for those who still aren't quite ready to settle on a car for purchase. When you lease a car, it gives you the opportunity to experience multiple different vehicles, which is great for those who like to try out the latest models. On the other hand, purchasing a car is great for people who want something permanent, or who want the freedom to customize their vehicle with parts and accessories.
Get Started With Us at Pearson Honda!
If you have a lease that's ending soon, or if you're ready to start your very first lease, Pearson Honda is the dealership for you! We're conveniently located in Richmond, Virginia, and we have a huge selection of both new and used vehicles for you to choose from. You can sign a lease with us with the help of our friendly and knowledgeable sales team, and find a car that you truly love! Or, check out our new and used inventories to find a great car to purchase. In both cases, we offer a wide array of specials and sales opportunities, so that everyone can find great savings on whichever vehicle they choose. If you have any questions, we'll be more than happy to help. Get in touch with us today at Pearson Honda!
