Frequently Asked Questions
At Cale Yarborough Honda, we want our website to be a single stop on your search for a new car, truck or SUV. We already have an accurate system for displaying an up-to-date list of our inventory of new and pre-owned vehicles. However, something that we all learn at different times in the car buying process is that things are not as simple as showing up to the showroom, picking out a new vehicle and driving home. In a perfect world that is exactly how things would work. The sales staff at Cale Yarborough Honda is perfectly happy and qualified to answer any question you have about what it takes to buy a car. Here is a list of the most frequently asked questions we get. If for any reason you would need more explanation please feel free to contact us.
Why should I lease a new car?
The best way to answer this is to list the advantages of not just leasing, but leasing a Honda. First of all you can substantially lower your monthly payment and get more car for your budget. You also are taking advantage of the highest residual values (guaranteed future value) in the automotive industry for over 12 years. High residuals means lower monthly payments. Also, with a Honda lease, you reduce your risk with free gap (total loss) protection and $1500 free wear and tear protection at no additional charge. It is smart to check with you insurance agent as leasing may require higher coverage amounts than you currently have.
What is the difference between a car loan and car lease?
The key difference is that with a traditional loan, you are agreeing to pay the full amount of the vehicle from the start. Leasing allows you the option of deciding to pay the full amount of the vehicle at a later time, depending on the length of the lease. In a lease, your monthly payment is based on the amount of time and mileage you plan to use the vehicle for. When your lease term is complete you have several options. You may simply turn the vehicle in per bank instructions. The vehicle can be purchased by paying the stated residual value or it can be traded for you next purchase or lease. You are not restricted to lease again or to buy from the same dealership.
Can a used car still have a warranty?
That depends on the make and model of the car. Some manufacturers allow remaining time on warranties to be transferred between owners and some do not. Also there is the question of extended warranties, and the same rationale can be applied.
Should I trade my old car in for a new one?
Using your previous car as a trade-in is a great way to limit how much money you would have to pay out of pocket for a down payment or other associated expenditure. However, if you think you can get more money selling your old car through a private sale and you have the time to do so and know the applicable state laws well enough, then by all means do so. Cale Yarborough Honda is will to take almost any car in as a part of trade-in deal.
Do I have to have car insurance?
Yes. Yes. Yes. Car insurance is a way to protect yourself and your property, as well as current and future assets. Most states require car insurance to own a car. Some will allow you to put down a bond or file a lot of paperwork to prove you have the means to pay for any damage you might be liable for. Almost everybody would benefit from having car insurance, the cases against having car insurance are so rare that examples are all but impossible to find.
We hope this list of questions was useful to you. Again, if you have a question that was not covered here, by all means, come talk to a Cale Yarborough Honda representative and we will work together to find the answer and help you on your way.