New Honda CR-V Lease Deals

What Are the Benefits of Leasing a Vehicle?

As our staff will gladly tell you, there are many benefits of financing a vehicle through a lease. When you take out a lease for a car, you are renting a vehicle for a specific period. Most leases last three to four years. You have a considerable amount of flexibility as to what happens with the vehicle when the lease ends, and your driving style plays a key role. If you think that you'll put many miles on the car, you may opt for an equity lease, which lets you gradually pay off the price of the CR-V so that you'll own it in the end. You'll avoid paying the added fees often tacked onto the cost of a new car, such as the state sales taxes. Choosing a closed-end lease, on the other hand, is a deal in which you pay for the right to drive your CR-V for the loan's duration. In the end, you can renew a lease on the same car or start a new lease with no additional payments required.

The cost savings from a lease can add up tremendously, too. The only expense you have to pay for when you lease a car is the value that it loses throughout the loan's lifetime. This value, called depreciation, is minimal compared to other car fees. Additionally, you aren't responsible for covering the cost of car repairs and maintenance, which are covered by a manufacturer's warranty.

If leasing the latest Honda CR-V sounds appealing, contact our dealership for details today.