Leasing Your Car in Connecticut: Five Car Lease Myths Debunked

When it comes to leasing a new car in Connecticut, there are a lot of misconceptions that can lead to Stamford and Norwalk drivers skipping a great lease deal that would have been a perfect fit. Honda of Westport is here to help clear up some of the common myths about leasing and give you the confidence to take on a new Honda lease for your next car, truck, or SUV near Fairfield, CT.

Leases are Like Long-Term Rentals

This is one that we hear quite often, and it is categorically untrue. When you lease your new Honda from our dealership near Bridgeport, you’ll be paying for the value of the vehicle while it is in your possession. However, should you choose to purchase your leased Honda at the end of the term, your payments along with the time you’ve owned the vehicle will work together to lower the price. At this point, you’re essentially purchasing a used car, but at a much better price than normal.

Leases are a Waste of Money

No, in fact in some cases a new car lease is the best option. Since you only pay for the depreciation of the vehicle, you’ll enjoy a lower monthly payment, you’ll pay less in taxes, and you’ll enjoy a shorter term than with a traditional loan. As long as you don’t go over your mileage a lease is a great way to enjoy a new car more affordably.

Maintenance isn’t Covered

There is a common misconception that you will be on the hook for basic maintenance when you lease a vehicle. Actually, because we are taking the vehicle back we want to make sure that it is in the best possible condition. When you sign your lease, you’ll have a maintenance plan to help keep the vehicle in good working condition.

Insurance is More Expensive on a Lease

Insuring your leased vehicle is no more or less expensive than traditional financing. Just like the bank requiring collision and comprehensive insurance on a new car loan, the same will be required of a lease and the rates should be no different.

I Can’t Add Miles to My Lease

If you are nearing your lease end and you feel like you can’t keep below your agreed-upon mileage limits, you can easily purchase extra miles to avoid lease-end penalties. Simply visit our finance office and we’ll help you add miles to your lease with ease.

Visit Our Dealership Today!

Don’t be afraid to use a lease to take home your next vehicle in Connecticut! With lower monthly payments and shorter terms it can be a great way to get a great deal on your next Honda car, truck, or SUV

Categories: New Inventory, Finance