Honda Future Value
Leasing

 

The Benefits Are Clear

  • low monthly payments

  • more car for your money

  • a new car more often

  • option to purchase at a set price at the beginning of the lease or walk away at the end

  • possible tax advantages if used for business

  • tailored to your budget

  • closed end lease

If you're nervous about tying up capital in a vehicle, or if you're worried about high monthly payments, a lease is often an option that may have great value for you. What follows will help you make an informed choice.

With Our Lease Your Future is Guaranteed

With a Honda Finance Future Value Lease™, the future value of the vehicle is determined at the beginning of the lease. So instead of making monthly payments based on the total purchase price, your payments are based on monthly depreciation.

As a result, you are only paying for the portion of the vehicle that you use which in turn allows you to take advantage of a lower monthly payment.

  Future Value Lease Purchase
Selling Price $20,000 $20,000
Down Payment $0* $1,000
Monthly Payment $369 $613
Refundable Security Deposit $425 $0
Amount Due at Delivery $794 $1,000
Number of Payments 36 36
Total of Payments $13,284 $23,068

Zero down payment for O.A.C. only. Details of this example

With a Future Value Lease™ 
You Can Afford the Vehicle You Never Thought You Could.

Let's assume you were originally looking to purchase a vehicle worth $12,500. With a Future Value Lease™ you could afford a vehicle worth $20,000 for the same monthly payment.

  Future Value Lease Purchase
Selling Price $20,000 $12,500
Down Payment $0* $1,065
Monthly Payment $369 $369
Refundable Security Deposit $425 $0
Amount Due at Delivery $794 $1,065
Number of Payments 36 36
Total of Payments $13,284 $14,349

Zero down payment for O.A.C. only. Details of this example

A New Vehicle More Often.

With lower monthly payments over a shorter period of time, you can drive a new vehicle more often. So just about the time your vehicle requires increased maintenance such as new tires, you have the option to leave it behind and be in a brand new vehicle.

  Future Value Lease Purchase
Selling Price $20,000 $20,500
Down Payment $0* $1,000
Monthly Payment $369 $403
Refundable Security Deposit $425 $0
Amount Due at Delivery $794 $1,000
Number of Payments 36 36
Total of Payments $13,284 $25,180

Zero down payment for O.A.C. only. Details of this example

At the End of Your Lease You Can Drive Your Options.

With the Future Value Lease™ at the end of your lease you have the option to purchase the vehicle for a pre-determined price as shown on your lease contract or you can return it without further obligation. If you decide to walk away from the vehicle, all you have to do is make sure you haven't gone over your kilometer limit, have all outstanding fines paid, pay your disposition fee and be sure there is no excess wear and tear on the vehicle (major chips, dents, excessive tire or brake wear, etc).

Tailor-Made To Your Terms, Not the Banks.

When you borrow money to purchase a vehicle it's usually the banks who call the shots. But with a Future Value Lease™ you tailor the monthly payments to match your budget, the term of the contract and even the kilometers you expect to drive.

With our lease you are automatically granted 2,000 kilometers per month, which is the average distance for Canadian drivers. If you know you'll drive more than 24,000 kilometers a year, we give you the option to buy additional kilometers up front at a reduced cost.

Case Closed.

Many institutions offer "OPEN END" leases. This means you are responsible for the vehicle's market value at the end of the lease. With the Future Value Lease™ , Honda Canada assumes the risk of the future value with a "CLOSED END" lease. The "option to purchase" price shown on your contract is what you pay regardless of the vehicle's market value at the end of your lease.

Details of Examples: Included here take into account the following:
Total payments include down payment.
Zero down payment On Approved Credit (O.A.C.)
Lessee is responsible for excess wear and tear. Option to purchase at lease end for $11,400. Purchase price is fixed at lease signing and varies by vehicle model.
Purchase/Lease Example: Annual Percentage Rate (APR) is 10%. APR is subject to change.
Refundable Security Deposit Example based on Ontario Law. Varies by province.
All Examples: Tax, license, insurance extra. Payments may be slightly higher in some provinces. (Dollar amounts are subject to change). Transaction subject to HCFI approval.
These examples are for illustration purposes only. Ask your dealer for current details, including details on any available special programs.