Wondering how much it costs to lease a Honda Pilot? It’s a common question for anyone considering this popular SUV. Leasing can be a great option, giving you the chance to drive a new car every few years without the full commitment of buying. To lease a 2024 Honda Pilot Touring, expect to pay around $638 per month for a 36-month lease.
The Honda Pilot has some fine options for drivers. If you are more budget-conscious, there are deals where you can lease a 2024 Honda Pilot for around $502 per month at 12,000 miles per year, with a $2,000 down payment. Leasing offers flexibility and typically lower payments as compared to buying, so it’s worth exploring these options.
We get it—leasing terms can be confusing. Using tools like the Honda Payment Estimator can help calculate monthly payments based on different factors like interest, taxes, and fees. It can really simplify things and make sure you’re getting a good deal. With a rich mix of features and strong performance, the Honda Pilot is worth the investment.
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How Much Does It Cost To Lease A Honda Pilot
Leasing a Honda Pilot can vary quite a bit depending on the model and the deal you find. Typically, you can expect to pay between $409 and $638 per month for a lease on a 2024 Honda Pilot. This depends on the model and the terms of the lease.
When considering a lease, there are also some upfront costs to think about. For example, one deal for the 2025 Honda Pilot SPORT required a $4,399 due at signing. These upfront costs can cover things like your first month’s payment, security deposit, and other fees.
Key Lease Options:
| Model | Monthly Payment | Upfront Cost |
| 2024 Pilot Touring | $638 | Varies |
| 2025 Pilot SPORT | $409 | $4,399 |
We can also negotiate the price of the Honda Pilot before finalizing a lease. For instance, if we manage to drop the price of a Pilot from $50,000 to $45,000, the monthly payments will reflect this lower price.
If we put down $2,000, the amount we need to make payments on decreases. This can help make the monthly payments more affordable.
In addition to the base lease cost, taxes and fees will also be added. So, it’s crucial to consider these extra costs when budgeting. Remember, leasing offers flexibility, but we need to be mindful of additional expenses along the way.
Factors Influencing The Leasing Cost
There are several key factors that will influence how much you end up paying for leasing a Honda Pilot. These factors include the model year of the vehicle, the lease term duration, mileage limits, and your credit score.
Model Year Of The Honda Pilot
When considering the 2024 Honda Pilot or even thinking ahead to the 2025 model, the year of the car plays a big role in the monthly lease cost. Newer models generally have higher residual values, which means they retain more of their value over the term of the lease. This often translates to lower monthly payments 🌟.
If you opt for an older model, the residual value will be lower, leading to higher monthly payments. So deciding between a 2024 and a 2025 Honda Pilot can impact what you pay 💡. Manufacturers also offer incentives on newer models to draw in customers, so keep an eye out for those deals.
Lease Term Duration
The length of the lease term we choose significantly impacts the cost. Short-term leases, such as 24 months, tend to have higher monthly payments compared to longer terms like 36 to 48 months 🚗. This is because the depreciation cost is spread out over a shorter period with short-term leases, making the payments higher.
Longer lease terms have their perks too. They generally come with lower monthly payments, but the trade-off is we’ll commit to the car for a longer time, which may not be ideal if we like to switch vehicles often 🛠️.
Mileage Limit
Every lease comes with mileage limits, and these can really influence the cost. Standard leases typically come with a 12,000 to 15,000 miles per year limit. If we need more, we’ll have to pay extra.
Exceeding the mileage limit can cost us around 10 to 25 cents per additional mile 🚗. High-mileage leases can best suit those who travel a lot, but they come with higher monthly payments. Balancing the mileage limit with actual driving needs is crucial to keeping costs in check 💨.
Credit Score Impact
Our credit score plays a huge role in determining the lease terms and monthly payments. Higher credit scores can snag us lower interest rates or the “money factor,” which translates to lower monthly payments 🚨.
Those with lower credit scores might face higher interest rates, making the lease more expensive in the long run. It’s beneficial to check our credit score and possibly improve it before negotiating a lease 🏁💡.
Each of these factors can significantly impact the cost of leasing a new Honda Pilot. By understanding and considering them, we can make a more informed decision and possibly save on our monthly payments.
Leasing Vs. Buying A Honda Pilot
When deciding between leasing and buying a Honda Pilot, we need to consider several factors.
| Aspect | Leasing | Buying |
| Monthly Payments | Lower 🪙 | Higher 💵 |
| Ownership | Temporary ⏳ | Permanent 🏠 |
| Down Payment | Lower 💳 | Higher 💰 |
| Maintenance Costs | May be lower 🏡 | Varies 📉 |
| Mileage Limits | Yes 🚗 | No 🚥 |
Leasing a Honda Pilot often means lower monthly payments compared to buying, making it easier on our wallets. We also need a smaller down payment when leasing.
Buyers, on the other hand, build equity over time since they own the vehicle. This means no mileage limits and the freedom to modify or sell the car whenever we wish.
When leasing, maintenance costs might be included, but we must stick to mileage limits.
With buying, our costs can vary, but we don’t have those annoying mileage restrictions.
Also, leasing offers us the chance to upgrade more frequently, getting the latest models with new features. Buying means we can keep the car as long as we like, which can be a good financial choice in the long run.
Additional Costs To Consider
When leasing a Honda Pilot, there are extra expenses to think about beyond your monthly payments. These can include insurance, maintenance, and fees for excess wear and tear.
Insurance
Getting the right insurance is crucial. We need coverage that fits the lease agreement. Leases usually require comprehensive and collision coverage. Depending on your location, expect higher premiums for full coverage. For instance, if you opt for the Elite AWD trim with advanced features, insurance rates might be higher. This can be due to the upscale infotainment system and three rows of seating.
Maintenance
Maintaining a leased vehicle is key. Routine services like oil changes and tire rotations can add up. While the Honda Pilot is known for its reliability, regular upkeep is non-negotiable. We must budget for repairs and scheduled maintenance. For example, ensuring the AWD system runs smoothly is vital. Mind the gas mileage to help avoid additional costs.
Excess Wear And Tear
Leasing companies often charge for excess wear and tear. Scratches, dents, or a torn seat can lead to fees when we return the car. It’s helpful to keep the trim level and upgrades in good condition. Think of it like avoiding a pop quiz—we don’t want any surprises. Regular inspections can help spot and fix problems early.
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