by Lily Jaylen on Jan 13, 2012 | Automotive

Some guidelines for leasing the latest Honda model

Taking out a new leasing agreement can be daunting especially if you have never leased a car before as you decided to avoid leasing and own your own Honda instead.

For instance, you may not have a full grasp of all of the leasing terms or you could be unclear about the stages of finding the right car and then signing a leasing deal. Or you may not have a clear idea about the various leasing options that are available.

Therefore, if you are in this kind of scenario and are looking to lease a new Honda then here are a few pointers from motorleasing.com to help you with your decision.

1) Firstly, you should research leasing and get prepared. This means that you should decide whether leasing is right for you both now and maybe even five years in the future. When you have made this choice you should research the Honda you may want to hire. Take extra time to determine exactly what features you are interested in from a Honda, such as: interiors, colour, seats, body shape, doors and whether the car will suit your lifestyle.

2) Then, you need to brush up on some of the leasing terms so that you don't get muddled with the language, for example capitalised cost (price for 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 think you can afford or want to pay. Information of this sort is easy enough to track down on the net and if you are leasing from a website then read through the site before you agree on your car and drive off the forecourt.

3) That said, monthly payments are not as important as you might think. This is because monthly payments can be deceiving or at least misleading, because lower monthly fees usually mean you may need to hire the car for a greater length of time. When you work out the total fee across the lease 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 mull over what else they are offering.

4) You should make the most of promotions and incentives. If you take the time to do this then you will be able to lower the overall fees of the Honda, as well as the leasing fee per month. Determine if there are any promotions available at the moment and which leasing companies they are with. Also figure out whether specific manufacturers or a specific model is more affordable at the present. For instance, relatively speaking Honda contract hire from motorleasing.com is quite reasonable at the moment.

5) When looking at Hondas keep in mind what it is that you are looking for. You need to be objective and not get wowed by the first Honda that you are taking out for a test drive or the latest model on the forecourt. Perhaps it is a better idea to hone in on the extra features that you require from your new leased model and only sign a deal for a car that has those features.

By following these top tips choosing the right leased Honda should be a lot less daunting and you can then find the most suitable car for your lifestyle, whatever the Honda model.

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