Info

Leasing FAQs at Crown Honda in Greensboro

Honda Lease

Interested in leasing a Honda?

Contact Information

Crown Honda of Greensboro

3633 W. Wendover Ave
Directions Greensboro, NC 27407

  • Sales: 866-643-5924
  • Service: 866-514-7802
  • Parts: 877-403-0828

Hours

  • Monday 9:00 AM - 8:00 PM
  • Tuesday 9:00 AM - 8:00 PM
  • Wednesday 9:00 AM - 8:00 PM
  • Thursday 9:00 AM - 8:00 PM
  • Friday 9:00 AM - 8:00 PM
  • Saturday 9:00 AM - 7:00 PM
  • Sunday 12:00 PM - 5:00 PM

Frequently Asked Lease Questions:

Do I have to perform maintenance on a leased car?

Yes. As a part of your lease terms, you are responsible for servicing your vehicle in accordance with the manufacturer's minimum requirements as well as indicated by the manufacturer in connection with any and all recall campaigns.

What are the insurance requirements* for a leased car?

You are required to maintain insurance coverage for the full lease term. Be sure to read your lease agreement carefully. Minimum coverage on a leased vehicle includes: Public liability insurance covering up to $100,000 for bodily injuries to any person, $300,000 for bodily injuries for any accident, and $50,000 for property damage, or has a combined single limit of $300,000 for bodily injuries and property damage for any accident; and

Physical damage insurance covering loss or damage to the car, with deductibles not exceeding $1,000 for collision and upset loss as well as $1,000 for comprehensive fire and theft loss.

Honda Lease Trust should be listed as additional insured and loss payee.

*Note: Different insurance requirements are applicable in Florida and Hawaii. Read your Lease Agreement carefully for required insurance coverage levels.


Where should I send my insurance info?

When leasing a new vehicle or switching insurance companies, you should have your insurance agent provide appropriate evidence of insurance to Honda Lease Trust, naming it as Loss Payee and Additional Insured. This evidence needs to be mailed or faxed to:

Honda Lease Trust

c/o PDP Services

P.O. Box 650201

Hunt Valley, MD 21065

I usually drive more than 15,000 miles per year. Does this mean I shouldn't lease?

Not even. Once your lease term begins, you can't adjust your mileage allowance. However, we do have special lease programs that let you buy "up-front" mileage for less than you would pay at the end of the lease period. Also, the price of excess mileage is included in your monthly payment. If you don't use all the miles that you buy, however, no refund is given. Ask your Honda dealer for details.

I want to get a car Service contract. Can I include the cost in my lease payment?

Yes. Here at Crown Honda, we can give you the details. For now, check out Honda Care® Program

What happens if my vehile is stolen or "totaled" in an accident?

In these situations, your lease might be terminated early. Make sure to contact Customer Service right away to notify us and discuss next steps. But rest assured - all Honda leases include (Guaranteed Asset Protection) to protect you from unnecessary expenses.

If I decide to lease, am I responsible for sales tax and property tax?

In some states, you'll pay sales tax based on your monthly payments. Other states require you to pay tax on the full value of the vehicle. Property tax treatment varies from state to state too. Ask us for information about the tax regulations in your state.

Are leasing and balloon financing available for non-Honda vehicles?

Not through Honda Financial Services®.