Lease Options

For Big Red Only

As a lease customer, you pay only a portion of the Big Red's cost, which is the part you "use up" during the time you're riding it. Taxes will be included in the monthly payments rather than the full cost of the Big Red. Signing a leasing contract means that you agree to make regular monthly payments, keep appropriate insurance, pay any taxes and licensing fees, and take good care of the Big Red for the duration of your contract.

The benefits of leasing your ATV with Honda Financial Services are:

  • A new Big Red more often: With lower monthly lease payments over a shorter period of time, you can ride a new Big Red more often.
  • Low monthly payments: Lease payments are traditionally lower than retail payments on the same Big Red.
  • Closed end lease: You can choose to purchase the Big Red 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 Big Red, 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 Big Red.
  • No Fees: Honda Financial Services has no administration, early termination, end of lease or vehicle disposal fees
  • Automatic GAP Protection: If your leased Big Red is involved in an accident, vandalized or stolen, the Big Red may have to be written off. To insurance companies a "write off" means fair market value minus your deductible. Your insurance settlement may not always satisfy your monetary obligation. Our Future Value Lease offers you protection against these situations. The monetary GAP between your insurance settlement less your deductible and your lease obligation is covered automatically by our GAP (Guaranteed Asset Protection). Some conditions may apply. See your local dealer for details.
  • Flexible Terms.
  • Keep more cash to use or invest.

Things to be taken into consideration:

  • Insurance responsibility: You are responsible for insurance coverage. Required coverage typically is detailed in your lease agreement.
  • Lease down payments: Down payments are not required on a lease. In a lease situation, you may choose to make a down payment in order to reduce the monthly lease payments. Down payments on lease cannot exceed 30% of the Total Lease Price.
  • Cash due at delivery: Most lease agreements require a first monthly payment on delivery of the Big Red. A refundable security deposit and other miscellaneous fees.
  • Maintenance responsibility: You are responsible for maintaining the Big Red. A maintenance schedule is outlined in the owner's manual.
  • Excessive wear and tear: Determined at end of a lease ie: dents, paint damage, missing equipment that was part of the Big Red, cracked or chipped glass, mechanical damage, holes, tears or burns to upholstery.
  • Allowable kilometers: The yearly kilometer allowance with Honda Canada Finance Inc. is 18,000. At lease inception, you can purchase additional kilometers.
  • Leased Big Red price (total Big Red price): Gives you the transaction price and is also used to calculate your lease payment. While taxes are not included in this price, it does include all equipment, accessories, freight and dealership fees.
  • Total cost of lease transaction: The total cost of lease is the total monthly payments plus any amounts paid to reduce the cost of the Big Red ie: cash down payment, Big Red trade-in plus applicable taxes, Big Red licensing and registration fees.
  • Lease rate and charges: The lease rate and associated charges are disclosed on our full disclosure contract.
Your Lease End Options

Option 1: Return your Big Red and lease a new one.

This option is convenient, easy, and best of all, you get to ride off on a brand new Honda! Remember, you will still need to arrange for an inspection of your Big Red at your dealership during the last two months of the lease. Your dealer will determine if there is any excess wear and use for which you will be charged and you will also be responsible for any outstanding payments, excess mileage, and any other end of term obligations specified in your lease agreement.

Option 2: Purchase your leased Big Red.

Buying your leased Honda is a great way to continue benefiting from its reliability, performance, high resale value and FUN. If you decide to buy your Big Red, 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 Owner's Website in the My Finance section. Be sure to ask your dealer for a Honda Financial Services loan to help purchase the Big Red.

Option 3: Return your leased Big Red to the dealer.

If you select this option, your lease concludes when you turn in the Big Red to a Honda Big Red dealer. You will need to arrange for an inspection of your Big Red at your dealership during the last two months of the lease. Your dealer will determine if there is any excess wear and use for which you will be charged and you will also be responsible for any outstanding payments, excess mileage, and any other end of term obligations specified in your lease agreement.

For more information about your options at the end of your lease contract, please contact our Lease Maturity Centre at 416-754-2323 or toll free at 1-800-378-5399 ext 7528 English or 7529 French.

  • Find A Dealer

    • Go
    • Go