The Benefits are clear

low monthly payments more car for your money a new car more often option to purchase at a set price at the beginning of the lease or walk away at the end automatic GAP protection possible tax advantages if used for business tailored to your budget closed end lease

If you're nervous about tying up capital in a vehicle, or if you're worried about high monthly payments, a lease is an option that may have great value for you. What follows will help you make an informed choice.

With our lease, your future is guaranteed

With a Honda Finance Future Value Lease, the future value of the vehicle is determined at the beginning of the lease. So instead of making monthly payments based on the total purchase price, your payments are based on monthly depreciation. As a result, you are only paying for the portion of the vehicle that you use which in turn allows you to take advantage of a lower monthly payment.

Future Value Lease Purchase       Selling Price $20,000 $20,000 Down Payment $0 $1,000 Monthly Payment $369 $613 Refundable Security Deposit $425 $0 Amount Due at Delivery $794 $1,000 Number of Payments 36 36 Total of Payments * $13,284 $23,068

With a Future Value Lease you can afford the vehicle you never thought you could.

Let's assume you were originally looking to purchase a vehicle worth $12,500. With a Future Value Lease you could afford a vehicle worth $20,000 for the same monthly payment.   Future Value Lease Purchase       Selling Price $20,000 $12,500 Down Payment $0 $1,065 Monthly Payment $369 $369 Refundable Security Deposit $425 $0 Amount Due at Delivery $794 $1,065 Number of Payments 36 36 Total of Payments * $13,284 $14,349

A New Vehicle more Often.

With lower monthly lease payments over a shorter period of time, you can drive a new vehicle more often. So just about the time your vehicle requires increased maintenance such as new tires, you have the option to leave it behind and be in a brand new vehicle.

Future Value Lease Purchase       Selling Price $20,000 $20,000 Down Payment $0* $1,000 Monthly Payment $369 $403 Refundable Security Deposit $425 $0 Amount Due at Delivery $794 $1,000 Number of Payments 36 60 Total of Payments * $13,284 $25,180

* Zero down payment O.A.C. only.

At the end of the lease you can drive your options.

With the Future Value Lease at the end of your lease you have the option to purchase the vehicle for the pre-determined price as shown on your lease contract or you can return it without further obligation. If you decide to walk away from the vehicle, all you have to do is make sure you haven't gone over your kilometer limit, have all outstanding fines paid, pay your disposition fee and be sure that there is no excess wear and tear on the vehicle (major chips, dents, excessive tire or brake wear, etc.)

If there's a gap we fill it.

Sometimes car insurance isn't enough. If your leased vehicle ends up in an accident, fire or is stolen, the vehicle may be written off. To insurance companies a "write-off" means fair market value minus your deductible. Sometimes, this isn't enough to cover what is still owing on your lease. Our Future Value Lease offers you protection against these situations. Any gap between your insurance settlement less your deductible and your lease contract is cover automatically by GAP Protection (Guaranteed Asset Protection). It's a little like having a money back guarantee on your lease vehicle.

Tailor-made to your terms, not the bank's.

When you borrow money to purchase a vehicle it's usually the banks who call the shots. But with Future Value Lease you tailor the monthly payments to match your budget, the term of the contract and even the kilometers you expect to drive. With our lease you are automatically granted 2,000 kilometers per month, which is the average distance for Canadian drivers. If you know you'll drive more than 24,000 kilometers per year, we give you the option to buy additional kilometers up front at a reduced cost.

Case closed.

Many institutions offer "OPEN END" leases. This means that you are responsible for the vehicle's market value at the end of the lease. With Future Value Lease, Honda Canada Finance Inc. assumes the risk of the future value with a "CLOSED END" lease. The "option to purchase" price shown on your contract is what you would pay regardless of the vehicle's market value at the end of your lease.

Self Evaluation Chart     3 Points 2 Points 1 Point Your Score How will you purchase this vehicle? Finance --- Cash     Do you have alternative investments for cash that would be tied up in a purchase? Yes Not sure No     Would you like to control your car's maintenance costs and resale value? Yes Not sure No     How frequently would you like to trade or sell your car? 3 years or less 4 years 5 years or more     How do you plan to dispose of this vehicle?   Private Sale Trade-in Keep               Your Total Points

Should you consider a lease based on your total points? 5 6 7 8 9 10 11 12 13 14 15 Questionable Worth consideration Strong consideration

Examples included in this article take into account the following: Total payments include down payment. Zero down payment On Approved Credit (O.A.C.) only. Lessee is responsible for excess wear and tear. Option to purchase at lease end for $11,400. Purchase price is fixed at lease signing and varies by vehicle model, usage and length of lease. Purchase/Lease Example : Annual Percentage Rate (APR) is 10%. APR is subject to change. Refundable Security Deposit example based on Ontario tax. Varies by province. All Examples : Tax, license, insurance extra. Payments may be slightly higher in some provinces. (Dollar amounts are subject to change). Transaction subject to HCFI approval. These examples are for illustration purposes only. Ask your dealer for current details, including details on any available special programs.