A Honda Pilot Lease: Everything You Need To Know

Published 18 Nov 2021 in Car Buying Tips

The Honda Pilot is a popular mid-size crossover SUV. It’s the largest Honda on the market, filled with three rows of seating. It has a four-wheel drive, is filled with technology, and comes in handy for many purposes. If you’re looking into this vehicle, you might wonder if a Honda Pilot lease is a good option for you.

Read on to learn more about a Honda Pilot lease. There are both good and bad things with this payment option, so it’s critical you have a complete understanding before going all-in on this choice.

What is the Average Cost to Lease vs. Buy?

Leasing and buying are two options you have if you want to invest in a Honda Pilot. For some, buying is the better option financially. For others, a Honda Pilot lease is the ideal option. Both come with different price points, so it’s vital to consider both.

According to truecar.com, the average costs to buys and lease a Honda Pilot include:

To buy for three years: Around $700 a month
To lease for three years: Around $443 a month

Each price point will vary depending on the type of vehicle you invest in and other add-ons to the deal.

Overall, leasing is the more affordable option if you don’t intend to keep the Honda Pilot for a long time. The monthly payments are significantly lower than if you decided to purchase the car from a dealer.

Over time, purchasing a Honda Pilot is cheaper than leasing a Honda Pilot. If you want to keep the vehicle for more than five years, buying may be the better choice. It will save you money in the long run.

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Pros and Cons of Leasing the Honda Pilot

As with anything that involves money, some pros and cons come with investing in a Honda Pilot lease. Each may be good and bad for different people, so it’s critical to be familiar with them, so you aren’t blindsided in the purchase process.

Below, we’ll talk more about both the good and the bad that come with deciding to invest in a Honda Pilot lease. Understanding both of these will help you make an intelligent and rational decision for your budget.

Pros of Leasing the Honda Pilot

Several excellent items come with leasing a Honda Pilot. We’ll go over two of them so you can get a taste of the benefits you’ll receive with a lease.

According to richardshonda.com, two of the benefits you will receive with a Honda Pilot lease are:

A low down payment
The ability to drive above your means

These are each excellent in their ways.

We’ll discuss these in further depth to give you a better idea of the lease process. Once you know about the benefits, you can move on to the cons and compare them side by side.

Upgrades Are Simple

When you settle on a Honda Pilot lease, you’re not tied to a car. At the end of the lease, you can turn in your vehicle for an upgraded version. You’ll never be behind on the newest model of Honda Pilot that sprouts up on the market.

If you like to be up to speed with your vehicles, a lease might be perfect for you. You can pay less to test models of cars you might not be able to afford otherwise.

Service is Covered

In a Honda Pilot lease, the insurance that comes from the dealer will often cover damages you encounter on the road. You could get your car fixed for an affordable price, completely different from if the car completely belonged to you.

Of course, it can cost you if the vehicle is damaged when you turn it in at the end of the lease. We’ll dive into that a little later.

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Cons of Leasing the Honda Pilot

Now that we’ve gone over the pros, it’s time to dive right into the cons. While these are not terrible, they’re critical to consider when determining if a Honda Pilot lease is the right choice for you.

According to curryhondaga.com, some of the cons that come with a Honda Pilot lease include:

Mileage Limitations
Damage Check Fees

These two cons might take away from your overall Honda Pilot lease experience.

Just like the pros, we’ll go further into depth with these cons so you can have a better understanding of what goes into a Honda Pilot lease. Keep reading to garner knowledge that will assist you in making the right decision for your life.

Mileage Limitations

Many dealers will put mileage limitations on the car you lease. This restriction poses no problem if you don’t drive very far during your week. However, if you make a large commute to work, this limit may pose a problem for you.

If you need a car that you can drive long distances, you should buy rather than lease. A Honda Pilot lease is affordable, but you might be tied down in unexpected ways during your day-to-day.

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Damage Check Fees

When you lease a Honda Pilot, you’re responsible for taking care of it. One of the pros listed above was the insurance and warranty coverage given throughout the lease. This benefit is great, but if the car has sustained any damages when you turn it in, you will be charged extensively for the harm.

If you tend to dent cars and don’t want to deal with fees, leasing might be a challenge for you. Consider this con before determining that leasing is the correct option for you and your life.

Conclusion

If you want to save money and drive a fantastic vehicle for an affordable price, a Honda Pilot lease is the right choice for you. You can upgrade as soon as your lease is over. Most fixes are covered during your time as the owner of the vehicle.

With these pros and cons, you can decide what the best option for you is. Whether you buy or lease, it’s hard to ignore the benefits leasing a Honda provides.

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