Benefits of Leasing
Traditionally the payments on a leased vehicle are lower than the retail payments on the same vehicle. This is because you are only paying for a portion of the vehicles value. Payments are based on the difference between the lease end value and the vehicle cost plus lease finance charges. Taxes are based on the monthly payment rather than the full cost of the vehicle. Leasing offers you a term for which you are allowed to use the vehicle. The remaining amount that you don’t use? That becomes your residual value at the end of the lease.
Leasing offers greater flexibility when it comes to your vehicle. Flexible terms allow you to choose terms from 24 to 60 months. You can even opt for a one-payment lease program as well. A short term lease allows you to change vehicles more frequently in order to keep up with your changing needs and lifestyle. Choose payment options from monthly to biweekly to weekly, whatever suits you best!
A lease allows you to choose the right amount of kilometers based on how much you drive. Options start at 20,000 KM per year and increase to 24,000 KM per year. Drive more than that? No problem! Honda offers you the option to purchase kilometers before you pick up your vehicle.
Leasing with Honda is stress free. Guaranteed Asset Protection will cover the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss. This coverage is standard on every lease with Honda.
Guaranteed Purchase Price
Your Honda lease includes a locked in purchase price at signing, this amount is the purchase price plus taxes. Purchasing your vehicle at the end of your lease is optional. Your locked in purchase price protects you against market fluctuations and ensures that you are getting a good value for your vehicle.
End of Lease
Once your lease is over, you have a couple of options. You can choose to purchase your vehicle, you can simply return the vehicle or you can choose to lease or purchase a new Honda. Many Honda customers qualify from ongoing loyalty offers. With Honda, you have the flexibility to choose whatever the next best step may be for you.
If you have questions for our Financial Services department: contact Mo Divjak our Financial Services Manager at 1-855-565-4955 ext 232 or fill out the form below and Mo will get back to you asap.