Can Anyone Lease a Honda?

Anyone can lease a Honda, subject to  status !

The reason this question comes up quite a lot, is because traditionally leasing was always seen as being connected to some type of commercial or business operation.

In which case the Honda dealership would arrange special terms with a company to let them loose a number of other cars or trucks for the operation.This was sometimes referred to as fleet management.

The idea was that it was more economical for a business who needed a number of cars and trucks to essentially rent them for a period of time, rather than buying outright and then having to re-sell them into three years time hence.

This perception or leasing a Honda being reserved for commercial customers only has taken time to change, and has required a concerted effort by Honda and by other auto manufacturers to make people aware of the idea of personal leasing.

LEASE A HONDA

The logic behind an individual being able to lease a Honda is twofold. From Honda’s point of view it essentially allows them to hook a customer, and whilst it is not technically a sale, they are essentially selling the vehicle to the customer for a relatively short period of time.

In addition they are potentially getting the customer’s business regarding insurance, vehicle protection plans, vehicle service contracts, extended warranties and possibly the sale of the vehicle at the end of the lease period.

Most auto manufacturers will admit that the majority of their profits come from these extended or additional services to customer, as opposed to the actual sale of the vehicle itself.

From a customer’s point of view, it allows and to eventually own a new vehicle, albeit for a short period of time maybe three or four years, when they would probably not otherwise be able to afford to buy it. It also is a matter of convenience, that whilst it is costing them quite a lot of money, they do not have the hassle of having to resell it at the end of the period.

If anything the manufacturer will help them either by car right by way of a lower cost, or help unleash another vehicle instead of the one they are currently with.