Have you been looking for a sleek and efficient SUV and thinking a Honda CR-V Hybrid lease is the way to go? Getting approved for a new lease is easy at Heritage Honda Bel Air – we’ve put together this quick guide to help.
Leasing vs. Financing
When financing a vehicle, you apply for an auto loan and then pay it off in monthly payments until the vehicle is paid in full.
When leasing, however, you agree to a set term and then you’ll be responsible for paying the depreciation of your vehicle during that period. You will still make monthly payments, but they’ll be less than what you’d pay by financing.
Pick Your Parameters
Before you sign a lease agreement, it’s important to carefully consider your options and be confident about what you need and what’s going to work best for you.
These are a few things you should consider:
- How much can you afford?
- How long do you want to lease the vehicle?
- How much do you drive each year?
- Do you need added coverage such as GAP insurance?
- Do you want the option to buy your vehicle at the end of your lease?
Time to Begin
Once you are ready to begin, we encourage you to visit our dealership to go through the approval process with our team.
We’ll have a few quick questions regarding your existing expenses and debt, as well as your income, to determine what you can afford. Then, we’ll draw up the lease agreement, adding in your parameters such as mileage allotment and your option to buy.
Ready to Get Started?
When you’re ready to get started, the financial experts at our Honda finance center in Fallston, MD are ready to help. We’d love to help you lease the Honda CR-V Hybrid today!
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