Frequently Asked Questions
Finance Options
Head Office - Ontario, Western and Atlantic Regions:
180 Honda Blvd. Suite 200
Markham, Ontario
L6C 0H9
Toll Free: 1-800-387-5399
Fax: 1-866-920-5586
Email: hcfi_natl_cs@ch.honda.com
Quebec Region:
1750, rue Eiffel
Boucherville, Quebec
J4B 7W1
Toll Free: 1-800-387-5399
Fax: 1-888-449-6252
Email: hcfi_quebec_cs@ch.honda.com
Motorcycle / ATV Ownership
Once you have signed the financing terms and agreements, you can ride off the dealership lot as the registered owner of the motorcycle.
Conventional Financing
With the regular finance program, you can tailor your purchase to reflect your monthly budget and needs. Equal consecutive monthly payments are calculated using competitive interest rates and terms from 24 to 60 months depending on the model chosen and amount to be financed. Once all of the payments have been made, a zero balance remains and you own the unit.
Now, try our Finance Calculator to see which option suits your needs best.
Overview
HFS offers highly competitive interest rates and flexible payment options. Once you have decided on your Honda model of choice, we want to make the next step of financing as simple as possible. That's why we deliver financing approvals in less than one hour, all right for your convenience within your Honda dealer.
The Benefits
The additional benefits of financing your Honda motorcycle with HFS are:
- All HFS retail loans are open ended and you may pay out, or make lump sum payments at any time without penalty.
- Flexible financing terms up to 60 months depending on the model and amount to be financed. We have highly trained staff to assist you with any inquiries you may have at any point of your Finance Agreement. Our customer service department offers convenient hours of operation and quality service.
HFS offers monthly as well as bi-weekly payments for your consideration. Monthly and bi-weekly payments are set up when you sign your finance agreement and once set up with monthly payments, you will not be able to switch to bi-weekly payments or vice-versa.
Insurance Coverage
Provincial regulations stipulate that any motorcycle that is financed must be insured. The required coverage is outlined in your financing agreement and will be detailed by your dealer representative.
Regular Maintenance
As the registered owner of the motorcycle, you are responsible for the maintenance of the unit. To get the most out of your motorcycle we strongly recommend that you follow the maintenance schedule as outlined in the Owner's Manual. Our dealers will be happy to ensure your motorcycle is serviced and runs at peak performance.
HFS Contact Information
Head Office - Ontario, Atlantic and Western Region:
P.O. Box 4000
Markham, Ontario
L3R 0N1
Toll Free: 1-800-387-5399
Fax: 1-866-920-5586
Email: hcfi_natl_cs@ch.honda.com
Quebec Region:
1750, rue Eiffel
Boucherville, Quebec
J4B 7W1
Toll Free: 1-800-463-6374
Fax: 1-888-449-6252
Email: hcfi_quebec_branch_cs@ch.honda.com
Things to be considered
Insurance Responsibility
You are responsible for insurance coverage. Required coverage 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 leases cannot exceed 30% of the Total Lease Price.
Cash Due At Delivery
Most lease agreements require a first monthly payment on delivery of the motorcycle, a refundable security deposit and other miscellaneous fees.
Maintenance Responsibility
You are responsible for maintaining the automobile. A maintenance schedule is outlined in the owner's manual.
Excessive Wear and Tear
If you are returning your motorcycle at lease end, your motorcycle will be inspected by your Honda Dealer to determine if there is any chargeable damage. Chargeable damage can include: dents, paint damage, missing equipment cracked or chipped glass, mechanical damage, holes, tears or burns to upholstery. You are responsible for either repairing identified damage to acceptable standards prior to returning the motorcycle or paying the amount indicated on the inspection report plus applicable taxes.
Allowable Kilometers
The yearly kilometer allowance with HFS is 20,000.
Leased motorcycle Price (Total motorcycle 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 motorcycle ie: cash down payment, motorcycle trade-in plus applicable taxes, motorcycle licensing and registration fees.
Lease Rate Charges
The lease rate and associated charges are disclosed on our full disclosure contract.
