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Honda Financing Terms
Acquisition Fee: A fee charged by a lessor to cover the administrative costs of preparing, approving and administrating the lease. May be paid up front or included in the gross capitalized cost.
Adjusted Capitalized Cost: The amount capitalized at the beginning of the lease, after adding any fees or other charges to be included, and subtracting any capitalized cost reductions, such as rebates, trade-in allowances and cash reductions.
Capitalized Cost: Often used to refer to the negotiated selling price of a vehicle to be leased. May be used to refer to the gross capitalized cost or the adjusted capitalized cost.
Capitalized-cost Reduction: The total of any cash payment, trade-in allowance or rebate used to reduce the gross capitalized cost. The capitalized cost reduction is subtracted from the gross capitalized cost to get the adjusted capitalized cost.
Captive Finance Company: A leasing or finance company that is owned by or otherwise associated with a particular vehicle manufacturer or distributor.
Closed-end Lease: A lease that allows the lessee to return the vehicle at the end of the lease term with no further financial obligation, assuming that the lessee has complied with all of the terms of the lease. The lessee may be responsible for a disposition fee, if it is part of the lease agreement. There may be additional charges according to the terms of the lease for any excess mileage or excess wear. The lessee is not responsible for any difference between the residual value, as stated in the lease, and the actual value of the vehicle at the end of the lease.
Depreciation: The amount the vehicle declines in value over the term of the lease. The depreciation may be calculated by subtracting the residual value from the adjusted capitalized cost. Using this method, the depreciation amount will also include any amounts that were added by agreement to the price of the vehicle to arrive at the gross capitalized cost.
Disposition Fee: The fee charged by the lessor if the lessee does not purchase the vehicle at lease-end, for costs associated with preparing the vehicle for resale and selling the vehicle. The disposition fee must be disclosed in the lease agreement.
Early Termination: Ending a lease before the scheduled termination date. The lessee will typically be required to pay an early termination charge as described in the lease agreement.
Early Termination Charge: The fee charged to a lessee in the event of an early termination of a lease. Penalties vary from lease to lease and the method of calculation is determined at lease inception and explained in the lease agreement.
Early Termination Payoff: The total amount the lessee owes if the lease is terminated early, before subtracting any credit for the value of the vehicle. The payoff is calculated as described in the lease agreement.
Excess Mileage Charge: The fee charged for each mile in excess of the predetermined mileage limit, as set forth in the lease agreement. The excess mileage charge varies depending on the type of vehicle, and is typically between $0.10 and $0.25 per mile.
Excessive Wear and Tear Charge: A charge collected by the lessor at the end of the lease for damage to the vehicle that is beyond what is allowed by the terms of the lease. In a consumer lease, excess wear and tear or normal wear and tear will be specifically defined.
Gap Coverage: A type of insurance coverage that covers the difference between the payoff of the lease and the amount covered by other insurance coverage, when a vehicle is damaged or stolen during the term of the lease. Most gap coverage requires that the lessee not be in default under the terms of the lease.
Gross Capitalized Cost: The negotiated price of the vehicle, plus any other amounts you agree to include in the capitalized cost, such as fees, insurance premiums, service contract premiums or prior vehicle loan or lease payoff.
Lease Term: The period of time covered by the lease agreement.
Lessee: The party entitled to possession and use of the vehicle according to the terms of the lease.
Lessor: The legal owner of the property that is leased.
Mileage Allowance or Mileage Limit: The total amount of mileage the vehicle may be driven over the term of the lease, without incurring liability for additional mileage charges.
Money Factor: A number often used by lessors to calculate the average monthly rent charge portion of the lease payment.
MSRP: The manufacturer's suggested retail price.
Open-end Lease: A type of lease in which the lessee is responsible for the difference between the residual value and the realized value at the end of the lease. The lessee may be entitled to a refund if the realized value is greater than the residual balance.
Purchase Option: The lessee's right to purchase the leased vehicle, either at the end of the lease or during the lease term, as specified in the lease agreement. The lease agreement may or may not include a purchase option.
Purchase Option Fee: A fee in addition to the purchase price that is required to exercise a purchase option, according to the terms of the lease.
Realized Value: A value assigned to the vehicle at lease termination. Check your lease agreement for a definition that may range from the value actually received by the lessor, the highest offer received by the lessor, the vehicle's "fair market value," the wholesale value or the retail value. Rent or Rent Charge: The portion of the monthly lease payment that is in addition to the depreciation and amortized amounts.
Residual Value: The lease-end value of the vehicle, established at the beginning of the lease. This value is used in determining the monthly lease payment. The residual value is also used to determine the depreciation and other amortized amounts that go into determining the monthly lease payment.
Security Deposit: A refundable deposit, usually equal to one monthly payment, collected by the lessor at the beginning of the lease to offset any amounts due under the term of the lease.
Subvented Lease: A lease that is subsidized by the manufacturer or other lessor. Many subvented leases offer lower monthly payments by utilizing a higher residual value than other lessors, or by offering a lower rent portion of the monthly payment.
Adjusted Capitalized Cost: The amount capitalized at the beginning of the lease, after adding any fees or other charges to be included, and subtracting any capitalized cost reductions, such as rebates, trade-in allowances and cash reductions.
Capitalized Cost: Often used to refer to the negotiated selling price of a vehicle to be leased. May be used to refer to the gross capitalized cost or the adjusted capitalized cost.
Capitalized-cost Reduction: The total of any cash payment, trade-in allowance or rebate used to reduce the gross capitalized cost. The capitalized cost reduction is subtracted from the gross capitalized cost to get the adjusted capitalized cost.
Captive Finance Company: A leasing or finance company that is owned by or otherwise associated with a particular vehicle manufacturer or distributor.
Closed-end Lease: A lease that allows the lessee to return the vehicle at the end of the lease term with no further financial obligation, assuming that the lessee has complied with all of the terms of the lease. The lessee may be responsible for a disposition fee, if it is part of the lease agreement. There may be additional charges according to the terms of the lease for any excess mileage or excess wear. The lessee is not responsible for any difference between the residual value, as stated in the lease, and the actual value of the vehicle at the end of the lease.
Depreciation: The amount the vehicle declines in value over the term of the lease. The depreciation may be calculated by subtracting the residual value from the adjusted capitalized cost. Using this method, the depreciation amount will also include any amounts that were added by agreement to the price of the vehicle to arrive at the gross capitalized cost.
Disposition Fee: The fee charged by the lessor if the lessee does not purchase the vehicle at lease-end, for costs associated with preparing the vehicle for resale and selling the vehicle. The disposition fee must be disclosed in the lease agreement.
Early Termination: Ending a lease before the scheduled termination date. The lessee will typically be required to pay an early termination charge as described in the lease agreement.
Early Termination Charge: The fee charged to a lessee in the event of an early termination of a lease. Penalties vary from lease to lease and the method of calculation is determined at lease inception and explained in the lease agreement.
Early Termination Payoff: The total amount the lessee owes if the lease is terminated early, before subtracting any credit for the value of the vehicle. The payoff is calculated as described in the lease agreement.
Excess Mileage Charge: The fee charged for each mile in excess of the predetermined mileage limit, as set forth in the lease agreement. The excess mileage charge varies depending on the type of vehicle, and is typically between $0.10 and $0.25 per mile.
Excessive Wear and Tear Charge: A charge collected by the lessor at the end of the lease for damage to the vehicle that is beyond what is allowed by the terms of the lease. In a consumer lease, excess wear and tear or normal wear and tear will be specifically defined.
Gap Coverage: A type of insurance coverage that covers the difference between the payoff of the lease and the amount covered by other insurance coverage, when a vehicle is damaged or stolen during the term of the lease. Most gap coverage requires that the lessee not be in default under the terms of the lease.
Gross Capitalized Cost: The negotiated price of the vehicle, plus any other amounts you agree to include in the capitalized cost, such as fees, insurance premiums, service contract premiums or prior vehicle loan or lease payoff.
Lease Term: The period of time covered by the lease agreement.
Lessee: The party entitled to possession and use of the vehicle according to the terms of the lease.
Lessor: The legal owner of the property that is leased.
Mileage Allowance or Mileage Limit: The total amount of mileage the vehicle may be driven over the term of the lease, without incurring liability for additional mileage charges.
Money Factor: A number often used by lessors to calculate the average monthly rent charge portion of the lease payment.
MSRP: The manufacturer's suggested retail price.
Open-end Lease: A type of lease in which the lessee is responsible for the difference between the residual value and the realized value at the end of the lease. The lessee may be entitled to a refund if the realized value is greater than the residual balance.
Purchase Option: The lessee's right to purchase the leased vehicle, either at the end of the lease or during the lease term, as specified in the lease agreement. The lease agreement may or may not include a purchase option.
Purchase Option Fee: A fee in addition to the purchase price that is required to exercise a purchase option, according to the terms of the lease.
Realized Value: A value assigned to the vehicle at lease termination. Check your lease agreement for a definition that may range from the value actually received by the lessor, the highest offer received by the lessor, the vehicle's "fair market value," the wholesale value or the retail value. Rent or Rent Charge: The portion of the monthly lease payment that is in addition to the depreciation and amortized amounts.
Residual Value: The lease-end value of the vehicle, established at the beginning of the lease. This value is used in determining the monthly lease payment. The residual value is also used to determine the depreciation and other amortized amounts that go into determining the monthly lease payment.
Security Deposit: A refundable deposit, usually equal to one monthly payment, collected by the lessor at the beginning of the lease to offset any amounts due under the term of the lease.
Subvented Lease: A lease that is subsidized by the manufacturer or other lessor. Many subvented leases offer lower monthly payments by utilizing a higher residual value than other lessors, or by offering a lower rent portion of the monthly payment.
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© 2011 Unicars Honda Auto Dealer Websites by Jazel Auto Unicars Honda - Riverside County Honda DealerThank you for stopping by the Unicars Honda Dealer website. As part of the I-10 Auto Mall; the premier auto group in Riverside County, we pride ourselves on offering the highest quality car buying experience in Palm Springs, Riverside, San Bernardino, and the greater Southern California area. You can view our large inventory of New 2010 Honda Cars, Trucks, Vans, Hybrids, and SUV’s. If Honda makes it, there is a good chance we have it in stock. Browse the Accord, Crosstour, Civic, CR-V, Element, Insight hybrid, Fit, Odyssey, Pilot,or Ridgeline from the comfort of your own home. You can view the entire vehicle inventory of our dealership online in one place. There are typically makes and models of all types in the Pre-Owned Inventory. All kinds of used cars from: compact economy cars, full sized trucks, family vans, SUV’s of all sizes, luxury vehicles, sporty cars, family sedans, and of course plenty of hybrids. In fact Unicars Honda has a huge selection of fuel efficient* vehicles. The Civic Hybrid or Civic GX Natural Gas Powered Car are two vehicles that feature cutting edge technology. Come visit our showroom conveniently located off the 10 Freeway in Coachella Valley at 78-970 Varner Road, Indio CA 92203. |
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New 2010 Honda Car for Sale, Lease, or Finance
See Honda Internet Specials on 2010 vehicles online. Visit the Honda Accord, Crosstour, Civic, CR-V, Insight Hybrid, Pilot, or Odyssey Specials pages which include lease and financing offers. Our knowledgeable sales staff is available to provide amazing customer service. The Unicars Honda Finance Center is here to help you get the best rate possible. Find out about a Honda lease or Honda financing on the Buy vs. Lease FAQ page. You can Build and Price a Honda online for free or use the Finance Calculator to estimate payments. Pick any 2010 Honda make, see the features and specifications, select a trim level, choose the exterior color, pick options, and finally see the total price as well as a breakdown of what each option costs do that you the buyer can feel comfortable getting exactly what you pay for. Feel free to: request a vehicle quote, research cars, or Contact Unicars Honda for any reason.
Certified Pre-Owned Honda Vehicles - Used Cars Palm Springs
Browse our Certified Pre-Owned Honda inventory online. The CPO Vehicle Overview shows the exhaustive inspection each vehicle must go through and pass to become a Certified Pre-Owned vehicle. Every Honda Certified Used Car comes with a Certified PreOwned Warranty. This warranty covers the Powertrain including: engine, drive system, and transmission for 7 years or 100,000 miles. Other equipment covered under the CPO warranty: steering, suspension, electrical, air conditioning, heating & cooling, fuel system, switches, audio, and any sensor. These components are covered for 12 months or 12,000 miles.
Honda OEM Parts, Genuine Accessories, Auto Repair, and Service Center
The Unicars Honda dealership offers Certified Honda Repair has been selling and servicing automobiles in Coachella Valley and the surrounding are for a long time. Get any car repaired at our state-of-the-art service center. Our technicians are factory trained and certified and specialize in Honda Warranty Service. We have the most current diagnostic and auto repair equipment on the market. You can Schedule a Service or Maintenance Appointment online by filling out our Service Appointment Form. There are Service Coupons for the Service Center available to be printed online. You can also buy Honda OEM Parts and Genuine Honda Accessories online. See Honda Parts Specials and Print Parts Coupons from the website. You can also Request a Part by filling out the Online Parts Order Form. UNicars specializes in Service and Repair for all new honda Vehicles including the Accord Sedan, Accord Coupe, Accord Hybrid, Accord Crosstour, CR-V, Civic Sedan, Civic Coupe, Civic Hybrid, Civic NGV, Element, Fit, Insight hybrid, Odyssey, Pilot, and Ridgeline. Unicars Honda stocks parts and can repair any out-of-production honda vehicles like the: CRX, del Sol, passport, Prelude, or S2000.
Unicars Honda Serving Palm Spings, Riverside, San Bernardino, and Beyond
If you are looking for a Honda or any nice used car and live anywhere in Riverside County then stop by the I-10 Auto Mall located in Indio California. Our Group of dealerships serves the following area: Greater Coachella Valley area including Indio, Mecca, Thermal, 1000 Palms, Palm Springs, Cathedral City, El Centro, Hemet, Indian Wells, Desert Hot Springs, Thousand Palms, Palm Desert, Yucca Valley, Morongo Valley, 29 Palms, Los Angeles, Banning, Beaumont, Redlands, Moreno Valley, Orange County, Los Angeles County, san Bernardino County, and the Riverside County surrounding Southern California area.
* Based on 2008/2009 EPA mileage estimates, reflecting new EPA fuel economy methods beginning with 2008 models. Use for comparison purposes only. Do not compare to models before 2008. Your actual mileage will vary depending on how you drive and maintain your vehicle.