Leasing Info



If you enjoy driving a new vehicle every two to four years, want lower monthly payments, protection under warranty, and drive an average number of kilometers, then you should consider lease as an option.

Leasing through Ready Honda's Financial Services can provide you with many benefits. Following video summarizes these for you:

Honda - 'Why Lease?' -- Life full of Change


The Honda Lease Care Guide is a simple reference tool that will address any questions that might arise during the course of your lease. Download Lease Care Guide.

Maturity Options

Option 1: Return your vehicle to Ready Honda and lease or purchase a new Honda or Acura vehicle.
Option 2: Schedule an appointment with Ready Honda to just return your Honda or Acura vehicle.
Option 3: Buy your existing Honda or Acura vehicle for the remaining amount shown on your lease contract.

As your lease reaches maturity, we'll be in contact with you to walk you through the simple steps to complete your lease. We invite you to view the following video for an overview of what to expect:

The End of Lease Process

Ready Honda Leasing Services:

Leasing of New and Pre-Owned Automobiles: most dealers do not have a specialty in the area, while we have over 25 years of experience in this unique field.

Lease Buyout Financing: competitive rates on used vehicles are only just the beginning "Lease your Lease," obtain Discounted Finance Rates or "Extend Your Current Lease"!

Leased Vehicle Return Inspections: many customers are confounded by the procedures required at the end of today's leases'  Come and see us before the end of your lease and we will walk you through the process, including showing you what does not need to be fixed and how you can Save Money on Repair Costs for the items that must be fixed'

Lease to Own Programs: what is "Lease to Own?"  Contact us for more information on the fastest growing trend in leasing'

Early Lease and/or Loan Terminations  what are the options?  What is the least expensive way to get rid of my vehicle that I don't need anymore?  We can show you all the "tricks of the trade".

Lease Assumptions: we are a LeaseBusters'com Affiliate Dealer'  We can take you through all the steps and get you out of your lease for a lower cost than doing the marketing yourself'  We do several "take overs" per month'  Let the experts help you!

Finance Assumptions: we are a LoanBusters'com Affiliate Dealer'  This field is little known and even less understood!  We have been doing it for years'  Get out of your vehicle and out of the loan with our help!

Creativity - You Can Rely On Us:  We have more ideas and strategies available to us than we have space to explain!  When you come to Ready Honda's Leasing Department you will find people you can work with and can trust'  We will always get the job done in the most efficient, proper and professional manner!



Why Lease with Ready Honda?

You're dealing with Very Experienced, Licensed and Certified Professionals who understand your needs' They know the Auto and Powersports business thoroughly'  Our products will help you achieve your goals and we provide a first rate experience that will leave you Completely Satisfied!

We offer tailored payments to suit your lifestyle'

We offer Short Term Leasing options and of course we also offer more conventional long term leases, from 12 to 60 months and we can even structure a unique lease to own option for you'

Regardless of past credit history, getting approved for credit on a lease with Ready Honda is easier than you may think!!! Re-establish your credit faster while driving a better quality vehicle!!  Take advantage of several unique leasing systems that will keep your maintenance costs down while driving excellent new or pre-owned vehicles!

We are a 100% Full Service Vehicle Dealer'  We sell or lease and service all Honda Automotive products and represent Honda Power Equipment, Marine and Motorcycle products to meet your needs, Regardless of Year, Make or Model'  If the brand name is "Honda", then we sell and service it'



What Are Your Benefits When Leasing With Us?

There are options available to "Walk Away Early," "Walk Away with No Return Charges at the End of the Lease" or "Purchase the Leased Vehicle at Lease End" at discounted rates'  See us for details on how to take advantage of these unique and exceptional lease programs'

Obtain a New Vehicle Sooner, and have Lower Monthly Payments'  With lower monthly lease payments over a shorter period of time, you can drive a new vehicle more often'  Lease payments are traditionally lower than retail (finance) payments on the same vehicle and as a result you may also consider more expensive vehicles with better features for the same payments as a less priced vehicle finance plan'

Many of our leases require zero or a very low down payment, as down payments are not always a requirement to qualify for a lease'  You may however, choose to make a down payment in order to reduce the monthly lease payments (OAC)'

Leases have sales tax advantages'  The first and foremost tax advantage is that you only pay tax on your monthly payments'  The payment is charged is based on the portion of the vehicle that you use for the term of the lease'  So, unless you buyout your vehicle at the end of the lease, you never pay the tax on the whole original value of the vehicle'  Because you pay tax monthly instead of one-time, all up front, like on a cash or loan purchase, it is easier to manage the cost'

Leases often have income tax advantages'  Some customers that use their vehicles for business, find that most if not all of their lease payment can be claimed as an expense'  See your accountant for details'

Tailor your payments to your lifestyle'  If you want a really inexpensive payment, you can do this on a lease'  If you want a much better vehicle for a payment similar to an average priced vehicle loan payment, you can do that on a lease as well!

Lease approvals are available regardless of past credit history'  Whether you have Well Established Credit, New Credit, Bad Credit, Bankruptcies, Consumer Proposals, New Immigrant, Working in Canada on a Contract Basis or No Credit History'  Ready has several options for every customer when they need a vehicle'

Available GAP Protection: In many of our leases, if your leased vehicle is involved in an accident, vandalized or stolen the vehicle may have to be "written off" by your auto insurance'  In many cases a "write off" means you are paid "fair market" value minus your deductible' Your insurance settlement may not always satisfy what you owe the leasing company on the lease'  Normally, you would be responsible to make up this difference or "GAP"'  Most of our leases offer you protection against these situations' The monetary "GAP" between your insurance settlement and what you owe on the lease is often covered automatically by our GAP (Guaranteed Asset Protection) products' Some conditions apply but this benefit can often provide you with a refund for your loss instead of a true cash loss exactly at a time when you have no vehicle and need every dollar to get a replacement'

Don't Delay, come see us today!



Frequently Asked Questions:

Q: WHEN SHOULD I HAVE MY VEHICLE INSPECTED?A: The inspection should be completed 30 days prior to the actual return of the vehicle. This allows you the necessary time to have the reparis made. Or, if you choose not to make the repairs, you will receive an invioice or the cost of excess wear and use.

Q: DO I HAVE TO BE PRESENT DURING THE INSPECTION?A: Since you will be asked to sign the report, you will want to be present as the inspector looks at the vehicle. If you simply cannot be present for the inspection, enlist someone who knows your vehicle well to be there for you.

Q: WHAT IF SOMETHING HAPPENS TO MY VEHICLE BETWEEN THE TIME IT'S INSPECTED AND THE DATE THAT I TURN IN THE VEHICLE?A: Your vehicle is subject to a final inspection after you turn it in, so if a condition arises after your preliminary inspection, you may still be liable for it. However, sometimes damage or malfunctions can't be detected during the inspection, or an unexpected condition arises after your vehicle is inspected. If you receive an invoice from Honda Financial Services for charges with which you are not familiar, please contact us or Honda Canada's Customer Remarketing Centre at: 416-754-2323 or toll free at 1-800-387-5399 ext 7528 (EN) ext. 7529 (FR).

Still have some questions? Feel free to contact us by filling a form below, our financial experts will be happy to help you:

Hours

  • Monday 9AM-9PM
  • Tuesday 9AM-9PM
  • Wednesday 9AM-9PM
  • Thursday 9AM-9PM
  • Friday 9AM-6PM
  • Saturday 9AM-6PM
  • Sunday Closed

Contact

READY HONDA

230 Dundas Street East
Directions Mississauga, ON L5A 1W9

  • Sales: (905) 896-3500
  • Service: 905-896-3500
  • Parts: 905-896-3513