Honda Leasing Options
The Pros of Leasing with Honda
When you lease with Honda, you’ll have lower monthly lease payments over a shorter amount of time, meaning you can drive a new vehicle more often. Your lease payments are typically lower than the payments you’d be making if you chose to finance that same vehicle. When the lease is up, you can choose to purchase the vehicle for the pre-determined price on your lease contract, or return it to us. If you choose to return it, just make sure you didn’t exceed the kilometre limit, have paid all outstanding fees, and ensured that there is no excess wear and tear on the vehicle. You’re also protected by our Future Value Lease in the event that the vehicle is in an accident, vandalized, or stolen. Some conditions may apply though, so be sure to talk to your dealer for more details. Finally, you’ll want to lease your Honda if you want flexible terms and more cash to use or invest in another Honda down the line, or whatever you would like.
Things to Keep in Mind
A few things to keep in mind about leasing a Honda are that you’re still responsible for insurance coverage, and the required coverage will be detailed in your lease agreement. Down payments are not required, but you can provide one to make your monthly payments less, however, they cannot exceed 30% of the Total Lease Price. Initially, leasing a vehicle can be a bit pricey as you will usually be required to pay the first monthly installment, a refundable security deposit, and other various fees upon the delivery of the vehicle. You’re also responsible for regular maintenance as outlined on a schedule in the owner’s manual and you are responsible for excessive wear and tear that will be determined at the end of the lease. All vehicles being leased are limited to a 24,000kms per year, although you can purchase additional kilometres at the beginning of the lease, so if you commute long distances, leasing might not be right for you.
Lease End Options
At the end of your lease, you’ve got a few options for what to do next. You can return the vehicle and lease a new one, or if you find yourself unable to part with it, you can purchase it. Other options include using the money you saved by leasing to purchase a pre-owned vehicle or simply returning the leased vehicle and moving on. We hope that you would continue to choose Wood Wheaton Honda for all your automotive needs and invest in a Honda to keep you on the road in a long lasting and reliable vehicle for many years to come.
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This option is convenient, easy, and best of all, you get to drive off in a brand new Honda! Through Wood Wheaton Honda’s 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.
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