Understanding Honda Lease Fees

If you’re planning to lease a Honda car, it’s essential to fully understand the process and everything that is involved. When getting your finances in order, one area that you don’t want to ignore is fees. When you need to understand anything about your lease, from inception to lease end – including the Honda lease disposition fee – Casey Honda is here to help.

Acquisition Fee

The acquisition fee covers the administrative costs of the lease, including paperwork, processing, and credit checks. Generally, this can be paid at the beginning of the lease, or you can roll it into the monthly payments.

Disposition Fee

Eventually, the car you lease will be returned, and the dealership will want to lease it again or sell it. The disposition fee is for things like cleaning, maintenance, and repairs to restore it to showroom condition. It also covers administrative activities, like inspections. Unlike other fees listed here, this one can often be waived by buying out your lease or deciding to purchase or lease another new Honda model.

Security Deposit

Just as you put up security money when renting a house or apartment, you’ll need to supply this for your lease. This covers damage for things like dings, dents, and ripped or stained upholstery. The good news is that if you keep your car in excellent shape – or perhaps fix minor issues yourself – you will get the security deposit back at the end of the lease.

Sales Tax

The government gets a piece of any financial transaction, and this even includes your Honda lease. Along with the state, you may also be subjected to taxes from the city or county. These, too, can be folded into your monthly payments as they would with a loan.

Get All of your Honda Lease Questions Answered

Do you have questions about fees or any other aspect of your lease? Contact Casey Honda in Newport News, VA. We can also let you know about our latest offers.