How Much to Lease a Honda Pilot?
The Honda Pilot is a popular midsize SUV known for its reliability, comfort, and versatility. If you’re considering leasing a Honda Pilot, you’re likely wondering how much it will cost. In this article, we’ll break down the factors that affect the lease price of a Honda Pilot and provide you with a comprehensive guide to help you make an informed decision.
Lease Price Range
The lease price of a Honda Pilot varies depending on several factors, including the trim level, mileage, and lease term. Here’s a general idea of what you can expect to pay:
- 2022 Honda Pilot LX: $249-$299 per month for 36 months, with 12,000 miles per year
- 2022 Honda Pilot EX: $279-$329 per month for 36 months, with 12,000 miles per year
- 2022 Honda Pilot EX-L: $309-$359 per month for 36 months, with 12,000 miles per year
- 2022 Honda Pilot Touring: $349-$399 per month for 36 months, with 12,000 miles per year
- 2022 Honda Pilot Elite: $379-$429 per month for 36 months, with 12,000 miles per year
Factors Affecting Lease Price
Several factors can impact the lease price of a Honda Pilot. Here are some of the most significant ones:
- Trim Level: The higher the trim level, the more expensive the lease price. The Pilot LX is the base model, while the Pilot Elite is the top-of-the-line trim.
- Mileage: The more miles you drive, the more you’ll pay per month. Most leases come with a mileage limit of 12,000 miles per year, but you can opt for higher mileage limits or pay a fee for excessive mileage.
- Lease Term: The longer the lease term, the lower the monthly payment. However, you’ll be committing to a longer period of time and may face higher fees for excessive mileage or wear and tear.
- Down Payment: A larger down payment can lower your monthly payment, but you’ll need to consider the impact on your cash flow.
- Interest Rate: The interest rate on your lease can affect the overall cost. A lower interest rate can save you money, while a higher rate can increase your costs.
Lease Incentives and Discounts
Honda often offers lease incentives and discounts to attract customers. Here are some common ones:
- Cash Allowance: Honda may offer a cash allowance to help reduce the lease price. This can be a one-time payment or a discount on the lease price.
- Lease Loyalty Discount: If you’re currently leasing a Honda vehicle, you may be eligible for a loyalty discount on your new lease.
- Military Discount: Honda offers a military discount on leases for active and retired military personnel.
- Student Discount: Honda offers a student discount on leases for students with a valid student ID.
Lease Calculator
To get a better sense of the lease price, you can use a lease calculator. Here’s a sample lease calculator:
| Trim Level | Lease Price | Down Payment | Mileage | Lease Term |
|---|---|---|---|---|
| Pilot LX | $249 | $2,000 | 12,000 | 36 months |
| Pilot EX | $279 | $2,500 | 12,000 | 36 months |
| Pilot EX-L | $309 | $3,000 | 12,000 | 36 months |
| Pilot Touring | $349 | $3,500 | 12,000 | 36 months |
| Pilot Elite | $379 | $4,000 | 12,000 | 36 months |
Tips for Negotiating a Better Lease
Here are some tips to help you negotiate a better lease:
- Research: Research the market value of the Honda Pilot to determine a fair lease price.
- Know the competition: Compare lease prices from other dealerships and manufacturers to get the best deal.
- Negotiate the total price: Instead of negotiating the monthly payment, focus on the total price of the lease.
- Ask about incentives: Ask about any available incentives, such as cash allowances or lease loyalty discounts.
- Consider a longer lease term: A longer lease term can lower your monthly payment, but be sure to consider the impact on your cash flow.
Conclusion
Leasing a Honda Pilot can be a great way to get behind the wheel of a reliable and comfortable SUV without breaking the bank. By understanding the factors that affect the lease price and using a lease calculator, you can make an informed decision and negotiate a better deal. Remember to research the market value of the vehicle, know the competition, and ask about incentives to get the best lease price.
