Why Lease Through a Honda Dealer?
Leasing offers a complete package of convenience, savings, and benefits. In particular, the Honda Leadership Lease™ program provides several advantages that are not always available from other institutions:
- Generous mileage allowances
- Excess wear and use waiver policy up to $1,500*
- No disposition fees
- Convenient online account access
- EasyPaySM automatic electronic bill payment
- Gap Coverage included at no additional charge
*Except for damage caused by any single event which exceeds $500. Applies to lease contracts dated June 7, 2001 and later.
Gap assurance (Total Loss Protection)
Although you may intend to keep a vehicle for the full term of a lease, an accident or theft could cause early termination. Most auto insurance policies pay the average market value of the car, which may be considerably less than the remaining lease obligation. Leases from Honda Financial Services include "gap" protection to cover this difference in the event of such a loss. This is a very desirable feature to look for in your lease. If you are purchasing a vehicle outside New York, you may be able to purchase gap assurance coverage from your dealer.
What Happens at the end of my lease?
Option 1: Return your vehicle and lease a new one.
This option is convenient, easy, and best of all, you get to drive off in a brand new Honda! Your Honda automobile dealer will be happy to show you the latest models and discuss your options.
You will need to schedule a free vehicle inspection during the last two months of your lease. Through our Leadership Leasing Loyalty™ program, we may be able to waive the security deposit when you lease another vehicle through us. You will be responsible for any outstanding payments, excess wear and use, excessive mileage, and any other end of term obligations specified in your lease agreement.
Option 2: Return your leased vehicle to the dealer.
If you select this option, your lease concludes when you turn in the vehicle to a Honda automobile dealer. You will need to schedule a free vehicle inspection during the last two months of your lease. You will be responsible for any outstanding payments, excess wear and use, excessive miles, and any other end-of-term obligations specified in your lease agreement.
Option 3: Purchase your leased vehicle.
Buying your leased Honda is a great way to continue benefiting from its reliability, performance, and high resale value. If you decide to buy your vehicle, there is no need to have it inspected, since there are no excess wear and use or excess mileage charges to worry about.
To find out your purchase amount, you can get a payoff quote 24 hours a day, 7 days a week through our online Honda Finance Account Access or by calling our Express Payoff system at 1-800-708-6555.
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