Considering a Honda lease at Heritage Honda Westminster? There are undeniable perks to leasing a vehicle. However, it’s important to avoid these mistakes to ensure you lease is a smart move.
Lease Without Researching First
We encourage you to do your research first and make sure the vehicle you want to lease has everything you need. You should also test drive the vehicle before leasing too.
Many leases have an early termination fee when you opt to end the lease early so you want to make sure your vehicle is one you want to commit to.
Neglecting GAP Insurance
GAP insurance refers to Guaranteed Asset Protection insurance. Many times, drivers will owe more on a lease than they are worth.
If you are involved in an accident, that can leave you still owing on a car you can no longer even drive. Many lease agreements include GAP insurance, but if not, it’s certainly something you should opt for.
Skipping the Recommended Maintenance
Maintenance is crucial to keep your vehicle running smoothly. It also helps to prevent undue wear.
Since your vehicle’s residual value is largely dependent on your vehicle’s condition, you want to do everything you can to protect it. Check your owner’s manual to see the recommended maintenance schedule for your vehicle and make sure you follow it.
Sign Without Knowing How Much You Drive
All leases include a mileage cap. At the end of your lease, if you have exceeded the mileage restrictions, you’ll pay a fee for each mile you go over.
It’s important to really look at how much you drive before you sign a lease. If you are someone who has a long commute, a lease may not be the best fit for you.
Ready to get started? Visit our Honda dealership in Westminster, MD today!
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