Lease or Buy?
| Days | Hours |
| Monday | 8:30AM to 6:00PM |
| Tuesday | 8:30AM to 6:00PM |
| Wednesday | 8:30AM to 6:00PM |
| Thursday | 8:30AM to 6:00PM |
| Friday | 8:30AM to 5:30PM |
| Saturday | 9:00AM to 3:00PM |
| Sunday | Closed |
Make the Right Decision with the Help of Our Financing Experts
Should you lease your next Honda or finance it? Both approaches can put you behind the wheel of a new vehicle, but they work differently. Northern Honda can help North Bay customers compare Honda leasing and financing based on driving habits, ownership goals, annual kilometres and current programs.
How Honda Leasing Works
With a lease, you use the vehicle for an agreed period under the conditions set out in the lease contract. Leasing can appeal to drivers who like moving into a new vehicle at regular intervals or who prefer a structure based on a defined lease term.
Depending on the agreement, leasing can provide:
- Different term choices
- A predetermined residual value
- An annual kilometre allowance
- Defined lease-end options
- Access to current Honda models more frequently
Mileage limits, excess wear conditions and other contractual requirements apply, making it important to understand the agreement before choosing a lease.
How Honda Financing Works
Financing is structured around purchasing the vehicle. You make payments toward the amount financed, and once the loan has been repaid according to its terms, you retain ownership of the vehicle without further loan payments.
Financing can be attractive for drivers who:
- Want long-term ownership
- Expect to keep the vehicle for many years
- Drive high annual kilometres
- Prefer not to operate within lease kilometre limits
- Want to build equity in the vehicle as the balance is repaid
Compare Current Honda Programs
Honda lease and finance rates can change with model, term and current manufacturer programs. Rather than assuming one option always offers a lower cost, it is useful to compare current numbers for the specific Honda you are considering.
Choose Based on the Way You Drive
A customer who replaces a vehicle frequently may look at leasing differently from someone planning to keep a Honda well beyond the payment period. Northern Honda's team can explain current Honda lease and finance options in North Bay and help you compare the two approaches clearly before deciding.
