Knowhow-Now Article

Signing a new leasing agreement can be really worrying particularly if you have never happened to lease a vehicle before because you've always preferred to buy your Honda instead.

For example, you might be confused by the terminology or just the ways in which to pick the best type of car and then signing a deal. Or you might not know much about the array of leasing options that are currently on offer.


Therefore, if the above sounds a little familiar and you are looking to lease a new Honda then here are a few tips from motorleasing.com to help you with your decision.

1) Firstly, you should research leasing and get prepared. This means that you need to way up the options and decide whether leasing is the most appropriate option both now and maybe even five years in the future. After you have made your mind up you should do a little internet research on the Honda you'd like to hire. You need to think about every single feature that you are looking for from a Honda, for example: colour, doors, interiors, body shape, seats and if the car will match your way of life.

2) Then, you need to brush up on some of the leasing terms so that you won't become confused with terms, such as capitalised cost (price of the car), money factor (interest formula) and residual value (the cost of the car at the end of the leasing term). You should also work out the approximate value of the monthly payments, which you can afford or would like to pay. All of this information is readily available on the internet and if you happen to be using the internet to hire a car then read through the site before you pick up the phone or visit a showroom.

3) That said, monthly payments are not as important as you might think. By this I mean that the amount you pay per month is not always that important, as lower leasing fees normally mean that you will need to hire the car for a greater length of time. If you decide to work out the total leasing costs over the term it could probably be the same, so be careful not to get bogged down So even if a leasing company is offering a car at a high leasing rate then you need to think about what else they may be offering you in return.

4) If there is any money saving offers available then you should take advantage of them. You really should take a little time to do this as you could lower the leasing cost for the Honda and also the monthly leasing fees. Work out if any offers are available at the present and which companies have those offers available. Also figure out whether specific manufacturers or a new model is easier to afford at the moment. For example, Honda contract hire from motorleasing.com is very affordable at present.

5) While you are on your test drive have a good idea of what you need from a Honda. You need to be objective and not get wowed by the first Honda that you are test driving or the newest model on the leasing company's lot. Perhaps it is a better idea to hone in on the extra features that you require from your leased vehicle and only sign on the line if the car has all of the features you want.

By following these top tips selecting which is the best Honda should really be a lot less stressful and you'll be able to find the right vehicle for you, whatever Honda model you are looking for.

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