If your Honda lease is coming to an end, consider turning in your vehicle to the lease trade-in center at Performance Kings Honda. As the leading Honda dealer in Cincinnati, OH, we have a large selection of new Honda cars, SUVs, trucks, and minivans for you to choose from. In addition, we offer competitive lease rates and special discounts to help you enjoy your favorite vehicle with the minimal financial burden. Come to Performance Kings Honda for an unbeatable deal on a Honda lease.
Known as Honda Leadership Leasing, Honda’s car leasing program is designed to deliver maximum savings, convenience, and flexibility. You can choose from an array of lease terms and mileage limits to suit your unique driving needs and enjoy a number of great perks that usually aren’t available with other leasing plans. Below are a few compelling reasons why you should lease a vehicle through the Honda Leadership Leasing program:
One of the main benefits of Honda Leadership Leasing is that it offers flexible lease terms, which range from 24 to 60 months. Opting for a shorter lease term allows you to drive a new Honda model every two or three years, giving you access to the latest infotainment and driver-assistance features. A longer lease, on the other hand, comes with more affordable monthly payments. Your choice depends on your personal preferences and financial situation.
If you have enough savings, you may want to consider the Honda One-Pay Lease program. This leasing plan enables you to eliminate monthly payments by paying for the entire lease upfront. Consequently, you’ll enjoy a significantly lower interest rate, which can help you save hundreds or thousands of dollars.
A car lease comes with an annual mileage limit. If you exceed the specified limit, you’ll be required to pay additional charges. To keep your costs low, you must choose a mileage option that perfectly fits your lifestyle. With Honda Leadership Leasing, you can opt for a plan that lets you drive 12,000 to 15,000 miles each year. If you intend to spend a lot of time behind the wheel, you can purchase extra miles when you sign the lease.
A collision or auto theft can happen when you least expect it. If your leased vehicle is totaled or stolen, you may have to pay thousands of dollars to have it replaced. Fortunately, leasing a Honda vehicle automatically gives you Guaranteed Asset Protection (GAP) coverage. GAP insurance covers the difference between the outstanding balance on your lease and the amount your auto insurance provider pays. This can potentially save you from a big financial hit.
When you lease a Honda, you need to return it in an acceptable condition when your lease is up. Failure to do so results in additional costs, which are called excessive wear and tear charges. To help you save on car return charges, Honda Leadership Leasing offers an excessive wear and use waiver worth up to $500.
If you’re a loyal customer who repeatedly leases a Honda vehicle, you may be eligible for an additional waiver or exempt from paying the turn-in fee. Additionally, unlike most other car leases, a Honda lease doesn’t come with a disposition or purchase-option fee, which leads to even more savings.
Although you won’t automatically own the vehicle at the end of your lease term, you have the option to purchase it. However, it can be difficult to determine whether it makes more financial sense to buy a car or lease a new one due to market fluctuations. One advantage of getting a car lease through Honda Leadership Leasing is that the end-of-lease purchase price of the vehicle will be locked in at signing.
So, even if your leased Honda has a higher-than-expected value when it comes time to return it, you can still buy it at the guaranteed price and either keep or resell it. If the vehicle’s value has fallen below the guaranteed amount, then it may be better to turn it in and start a new lease on another vehicle.
The Honda Care Sentinel Service and Honda Care Sentinel 3/45 are the perfect complements to Honda Leadership Leasing. These two plans provide a comprehensive array of services to help you save on repairs and get out of emergencies. They include routine oil and filter changes, road hazard tire protection, extensive component coverage, roadside assistance, concierge services, trip-interruption benefit, and rental car reimbursement.
Trading in your leased Honda at Performance Kings Honda is a quick and easy process. About a week before your lease maturity date, contact our dealership to make an appointment to turn in your vehicle. If the vehicle has excessive mileage or wear and tear, it’s recommended that you obtain a pre-termination inspection at our service center. Following the inspection, you’ll receive a detailed report that gives you an idea of how much you need to pay when you return the car.
Make sure the leased vehicle is in clean condition when you turn it in at our dealership. Also, you should bring the following items with you:
In addition, you’re required to pay the fees specified in your lease agreement, such as a turn-in fee and excessive mileage and wear and tear charges. After you’ve successfully returned the vehicle, you can proceed to pick your favorite model from our expansive new Honda inventory. Then, our finance team will help you explore your options and find your perfect Honda leasing plan.
If you have any questions about trading in your leased Honda at our Cincinnati dealership, get in touch with our knowledgeable and helpful finance experts. Contact us via phone, email, or our contact form.