WELCOME TO CLASSIC HONDA'S LEASE/LOYALTY CENTRE

Here at Classic Honda, we want to give you the best resources and information available regarding Honda Canada Programs. We pride ourselves to offer you the LOWEST COST IN DRIVING. In what we mean, is that our Classic Honda lease offers more than just a low lease payment. You can review all the features and benefits below. Our Lease/Loyalty Centre is here to answer your questions and give you the options to make a clear and informed decision from purchasing your existing lease and reviewing all options on a new lease!

DID YOU KNOW YOU HAVE 3 GREAT OPTIONS?

DO YOU ALSO KNOW? 

ELIGIBLE VEHICLES
All new, current and previous year Honda models qualify for Honda Financial Service (HFS) leasing programs.

LEASE TERMS

Minimum term for a lease is 24 months with a maximum term of 60 months.

USE OF VEHICLE

If you are planning on obtaining a courier or a delivery vehicle, HFS will not allow you to lease the vehicle. Other vehicles that are not eligible are driving school vehicles or designed for use of transporting people.

Leased vehicles may be garaged outside of Canada for a period not to exceed 30 days without HFS written consent. If you relocate outside of Canada, you will be required to pay out the financial obligation.

ALLOWABLE KILOMTRES

Your Residual value or Guarantee Future Value (GFV) is determined on the vehicle usage of 24,000km per year. If you expect to drive more than 24,000km per year, the GFV must be reduced by 8 cents a kilometre for the anticipated excess kilometre to a maximum of 40,000 per year. If an insufficient excess kilometre adjustment is made at lease inception, you will be charged at a rate of 12 cents per km at lease termination for each kilometre over the original kilometre allowance.

GAP PROTECTION

You do not have to worry in the event of total loss or total theft providing all terms of your lease agreement have been followed and proper insurance coverage is in place at time of the incident. GAP (Guaranteed Asset Protection) covers any difference between your insured value and HFS actual book value. This protection is for the full term of the lease.

GAP will not cover past due payments, insurance deductibles, late charges, fines, or any other miscellaneous fees. Furthermore, GAP does not insure against excess depreciation from excess km on the vehicle (greater than 24,000km per year or if the customer has purchased excess km). In the event of total-loss, please note that GAP does not reimburse any down payments made to reduce the capitalized cost.

LEASE ASSUMPTIONS
We do offer Lease Assumptions here at Classic Honda.