Financing is determined by how much you will need to borrow to pay for the entire automobile plus applicable taxes. Once financing is secured, you will then be required to pay back the amount you borrow plus interest, typically in equal monthly payments over a pre-arranged period of time.
The benefits of leasing your vehicle with Honda Canada Finance Inc. are:
A new car more often: With lower monthly lease payments over a shorter period of time, you can drive a new vehicle more often.
Low monthly payments: Lease payments are traditionally lower than retail payments on the same vehicle.
Closed end lease:You can choose to purchase the vehicle for a pre-determined price shown on your lease contract plus applicable taxes or return it without further obligation. If you decide to return your car, all you have to do is make sure you have not exceeded your kilometer limit, that any outstanding fines have been paid, and there is no excess wear and tear on the vehicle.