Leasing is alive and well at Brantford Honda!!!
Not only does Brantford Honda offer Honda Canada leasing options, we offer our own In-House leasing as well!
If you are considering the purchase of a new or certified used Honda, there are also many good reasons for you to lease a new or used Honda car. You can drive a new vehicle more often when car leasing, usually with less money down and a lower monthly payment than with traditional financing. Then, at the end of your Honda lease, you have several options to choose from.
How the Honda Lease Works
When you lease a new Honda automobile, you contract to use it for the first - and best - period of its life. Your monthly payment covers the depreciation of the vehicle, plus a service fee. That means that you pay only for the portion of the vehicle's worth that you are actually going to use. In a lease, your mileage is generally limited to 12,000 or 15,000 miles per year, although you can "buy" extra miles up front to save excess mileage charges at the end of your lease.
Your monthly lease payment is calculated based on several factors, including the term of the lease, a service charge, the capitalized cost which is based, in part, on the purchase price, and the vehicle's projected residual value at the end of your lease. A capitalized cost reduction, similar to a down payment, can help reduce your monthly payment.
To save time at the dealer, you can even apply online today!
Then What?
At the end of your lease, Honda offers a variety of choices. You can purchase the vehicle at a predetermined price and keep it, or just return the vehicle and take care of any end-of-term obligations. Best of all, you can return the vehicle and lease again. Our Leadership Leasing Loyalty program makes it easy and affordable to get right into another Honda at the end of your lease.
For additional information contact Scott McCulloch, Leasing Manager.
