If you enjoy driving a new vehicle every two to four years, want lower monthly payments, protected under warranty, drive an average number of kilometres, and can properly maintain your vehicle, then you should consider lease as an option.
As a lease customer, you pay only a portion of a vehicle's cost, which is the part that you "use up" during the time you're driving it and you pay taxes only your monthly payments vs. the full vehicle price. Signing a leasing contract means that you agree to make regular monthly payments, keep appropriate insurance, pay any vehicle taxes and licensing fees, and take good care of the vehicle for the duration of your contract.
Your Lease End Options:
Option 1: Return your vehicle and lease a new one.
This option is convenient, easy, and best of all, you get to drive off in a brand new Honda! Through our loyalty program, we may be able to offer you special rates and terms when you enter into a new lease.
Remember, you will still need to schedule a free vehicle inspection during the last two months of your lease. You will also be responsible for any outstanding payments, excess wear and use, excessive mileage, and any other end of term obligations specified in your lease agreement.
Option 2: Return your leased vehicle and purchase a certified used vehicle.
Certified Used Vehicle (CUV) programs offer significant advantages over used vehicles that are not certified. The decision to buy a certified used vehicle is clear – new vehicle benefits at a used vehicle price. With a solid reputation for reliability, performance, safety and value, a Honda Certified Used Vehicle is truly a great opportunity. With a Honda Certified Used Vehicle, you'll also have access to financing options through Honda Financial Services.
Read more about Honda Certified Used Vehicles
Option 3: Purchase your leased vehicle.
Buying your leased Honda is a great way to continue benefiting from its reliability, performance, and high resale value. If you decide to buy your vehicle, there is no need to have it inspected, since there are no excess wear and use or excess mileage charges to worry about. To find out your purchase amount, you can get a payoff quote 24 hours a day, 7 days a week through our Owner’s Website [www.myhonda.ca] in the My Finance section. Be sure to ask your dealer for a Honda Financial Services loan to help purchase the vehicle.
Option 4: Return your leased vehicle to the dealer.
If you select this option, your lease concludes when you turn in the vehicle to a Honda automobile dealer. You will need to schedule a free vehicle inspection during the last two months of your lease. You will also be responsible for any outstanding payments, excess wear and use, excessive miles, and any other end-of-term obligations specified in your lease agreement.
For more information about your options at the end of your lease contract, please contact our Customer Care Group at 416-754-2323 or toll free at 1-800-387-5399.