Honda Motorcycle

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

Quebec Region:

1750, rue Eiffel
Boucherville, Quebec
J4B 7W1

Toll Free: 1-800-387-5399
Fax: 1-888-449-6252

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.


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

Quebec Region:

1750, rue Eiffel
Boucherville, Quebec
J4B 7W1

Toll Free: 1-800-463-6374
Fax: 1-888-449-6252

Lease Options


Leasing is a form of co-ownership, you only pay for what you use. Payments are based on the difference between the lease end value and the motorcycle cost plus lease finance charges. Taxes will be included in the monthly payment rather than the full cost of the motorcycle. Our motorcycle Lease Agreement is a full disclosure document and has been written in plain language. To view our full disclosure contracts please click the appropriate province:Alberta, British Columbia, Ontario, Quebec, All Other Provinces

With lower monthly lease payments over a shorter period of time, you can drive a new bike more often.

Flexible Terms

Keep More Cash to Use or Invest

Low Monthly Payments

Lease payments are traditionally lower than retail payments on the same motorcycle.

Closed End Lease

At the completion of the lease, you can choose to purchase the motorcycle 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 bike, 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 motorcycle.

No Fees

Honda Financial Services has no administration, early termination, end of lease or motorcycle disposal fees.

Automatic Guaranteed Asset Protection (GAP)

If your leased bike is involved in an accident, vandalized or stolen the bike 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. Some conditions may apply. See your local dealer for details.

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.

Insurance on leases

Yes. $1,000,000 third party liability insurance is the minimum requirement to meet the terms of your motorcycle lease agreement. You are always welcome to increase Third Party Liability coverage to meet your additional needs.

Yes. Lower deductibles are acceptable, however, $1,000 is the maximum deductible allowed.

We have partnered with I2IQ, a professional firm that specializes in Insurance Tracking. They will confirm that your vehicle is adequately insured and inform you if there is a problem. All other aspects of your lease account are handled directly by Honda Financial Services.

Yes. HFS requires a copy of your full insurance policy including endorsements and coverage limits every year upon renewal.

When you change insurance carriers or renew your policy, either you or your agent must send a copy of the new policy to I2IQ by regular mail, fax or e-mail to the following address

Honda Canada Finance Inc.
600 - 175 Commerce Valley Dr. W
Thornhill, ON
L3T 7P6
Phone: 1-855-218-0784 
Fax: 905-882-8804