Honda Rental Agreement

We want to assure you that we are here to support you, as well as the management of your Honda Finance agreement, during this pandemic. We have a few options we can provide you with, including payment deferral, and we will work with you to find a solution that is in your best interest. We have made sure that you have the usual short waiting times when you call our customer service. For customers who prefer to rent vehicles rather than own them directly, Honda Contract Hire offers bespoke monthly rents for simple budgeting. * Subject to compliance with the return conditions of your contract Excess Miles Fee – The tax levied for each mile exceeding the mileage limit set out in the rental agreement. The tax on excess kilometres varies depending on the type of vehicle and is generally between 0.10 and 0.25 $US per mile. Simple, flexible and inexpensive. Contract Hire helps you get the car you want without having to own it directly. With contracts for professional customers, you can choose with Honda Contract Hire the duration of the rental contract that suits you – from two to five years. To learn more, watch our BCH video by clicking on the button above.

Call Option Fee – A tax in addition to the purchase price required to exercise a call option under the terms of the lease agreement. Realized Value – A value assigned to the vehicle at the end of the lease agreement. Check your lease for a definition that can range from the value actually received from the lessor, the highest bid from the lessor, the “fair market value” of the vehicle, the wholesale value or the retail value. Closed leasing – A financial lease that allows the lessee to return the vehicle at the end of the lease period without further financial commitment, provided that the lessee has complied with all the terms of the lease agreement. The tenant may be liable for a disposition tax if it is part of the rental agreement. In case of excess kilometers or excessive wear, additional costs may be charged in accordance with the terms of the rental agreement. The renter is not responsible for any difference between the residual value declared in the lease and the actual value of the vehicle at the end of the rental agreement. You are responsible for insurance coverage.

The required coverage is usually stated in your rental agreement. If you would like to contact us for assistance, please call 0345 128 8908 and choose the COVID-19 option from the menu. If not, please email us at hfe.customerservice@honda-eu.com to request a reminder. Our opening hours are Monday to Friday from 9am to 5pm. Check the insurance rates for the coverage rate required by the lessor. The lease agreement may require higher liability limits and lower deductibles than you currently bear, and both increase your insurance premium. Early termination Payment – The total amount that the lessee owes if the lease is terminated prematurely before deducting a credit for the value of the vehicle. Payment is calculated as described in the rental agreement. Most rental agreements require a first monthly payment upon delivery of the vehicle, a refundable deposit and other different fees. Early Termination – Termination of a lease before the expected termination date.

The tenant must normally pay an early cancellation fee, as stated in the rental agreement. Contract Hire allows you to rent your Honda instead of buying it directly. It`s also flexible, meaning you can even change the duration and mileage if you find that your circumstances change during the deal. Personal Contract Hire offers contracts for private customers, so you can drive the desired car without having to own it directly….

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