Choosing between financing and leasing is one of the most important financial decisions when purchasing a new vehicle. While many shoppers focus on the advertised monthly payment, the figures shown in a payment comparison table represent much more than a single dollar amount. MSRP, freight charges, regional fees, financing rates, lease rates, rebates, and payment terms all contribute to the final monthly cost.
The Honda Canada Competitor Comparison brochure provides a detailed payment example for the Honda Civic Sedan Sport Touring CVT, helping Canadian buyers understand how Honda financing and leasing programs are structured. Rather than simply listing monthly payments, the brochure breaks down the components that determine those payments.
This guide explains each figure shown in the payment table using only information from the official Honda Canada dealer brochure. All payment examples apply to the Canadian market and are based on Ontario programs, including applicable taxes, while excluding dealer administration fees and in-market loyalty or conquest offers.
What is MSRP?
Every new vehicle begins with the MSRP, or Manufacturer’s Suggested Retail Price. The MSRP is the manufacturer’s recommended retail price before mandatory delivery charges and regional fees are added. Although this number receives the most attention, it is only the starting point used to calculate the total vehicle price.
Freight & PDI
The next item shown in the payment table is Freight & PDI, which stands for Freight and Pre-Delivery Inspection.
These charges generally include:
- Transportation from the factory
- Vehicle preparation
- Mechanical inspection
- Cleaning
- Dealer delivery preparation
Because Freight & PDI is a mandatory charge, it becomes part of the amount used for financing and lease calculations.
Regional Fees
The payment table also includes Regional Fees. These fees vary by province and are added to the vehicle price before financing or leasing calculations are performed. Although relatively small compared with the MSRP, regional fees contribute to the total vehicle price.
Total Vehicle Price (TTL)
After combining the MSRP, Freight & PDI, and Regional Fees, Honda calculates the Total Vehicle Price (TTL). The Total Vehicle Price serves as the basis for both financing and lease payment calculations.
Finance Rebates
A finance rebate is a manufacturer incentive that reduces the amount being financed before monthly payments are calculated.
Finance Rates
Interest rates have a significant effect on financing costs. Here is an example of two financing options for the Civic.
84-Month Financing
- Finance Rate: 4.99%
- Finance Term: 84 months
96-Month Financing
- Finance Rate: 6.69%
- Finance Term: 96 months
These examples illustrate how different financing terms may use different promotional interest rates.
Monthly Finance Payments
Using the Total Vehicle Price together with the financing rates shown in the brochure, Honda provides two payment examples.
84-Month Finance Payment
- Finance Rate: 4.99%
- Finance Term: 84 months
- Monthly Payment: $632
96-Month Finance Payment
- Finance Rate: 6.69%
- Finance Term: 96 months
- Monthly Payment: $603
The longer financing term produces a lower monthly payment, although repayment extends over a longer period.
Lease Rebates
Lease rebates function differently from finance rebates because they apply specifically to lease calculations.
Lease Rate
Although lease rates are expressed as percentages similar to finance rates, leasing follows a different payment structure because it is based on the vehicle’s value during the lease period rather than financing the full purchase price.
Monthly Lease Payment
Honda provides a lease example using the following program:
- Lease Term: 60 months
- Lease Rate: 3.99%
- Lease Rebate: $0
- Monthly Lease Payment: $552
This payment is lower than either financing example shown in the brochure.
Compare the Finance Options
The payment table presents two financing programs for the Honda Civic Sedan Sport Touring CVT.
| Financing Term | APR | Finance Rebate | Monthly Payment |
| 84 Months | 4.99% | $0 | $632 |
| 96 Months | 6.69% | $0 | $603 |
The primary difference between these examples is the repayment period and financing rate. Extending the financing term lowers the monthly payment while increasing the loan term.
Compare Finance and Lease Payments
Honda also provides a lease illustration that can be compared with the financing examples.
| Program | Rate | Term | Monthly Payment |
| Finance | 4.99% | 84 Months | $632 |
| Finance | 6.69% | 96 Months | $603 |
| Lease | 3.99% | 60 Months | $552 |
These examples demonstrate how different financing structures can produce different monthly payment amounts.
What Are Financing Terms
The financing term refers to the number of months over which the vehicle purchase is repaid.
The brochure includes:
- 84-month financing
- 96-month financing
A longer financing term generally spreads the repayment over more months, reducing the required monthly payment.
What Are Lease Terms
The lease term represents the length of the lease agreement.
For the Civic payment example:
- Lease Term: 60 months
The monthly lease payment is based on this lease period together with the lease rate and the pricing information shown in the brochure.
Financing Versus Leasing
Although financing and leasing both involve monthly payments, they serve different purposes.
With financing:
- the buyer works toward ownership of the vehicle
- payments reduce the loan balance
- ownership transfers once the financing agreement has been completed
With leasing:
- payments cover the vehicle’s use during the lease term
- ownership generally remains with the leasing company
- the lease concludes at the end of the agreement
Honda provides both payment examples so buyers can better understand the available options.
The Payment Table
The payment comparison is designed to show more than monthly payment amounts.
Each figure contributes to the overall calculation:
- MSRP establishes the starting vehicle price.
- Freight & PDI add mandatory delivery and preparation costs.
- Regional Fees contribute to the total vehicle price.
- The Total Vehicle Price becomes the basis for financing and leasing calculations.
- Finance and lease rates determine the applicable interest charges.
- Finance and lease rebates reduce the financed or leased amount when available.
- Financing and lease terms determine the length of the agreement.
- Monthly payments reflect the combination of all these figures.
Viewing these numbers together provides a clearer understanding of how payment programs are structured.
Ontario-Based Payment Examples
Honda notes that all payment examples shown in the brochure:
- are based on Ontario programs
- include applicable taxes
- exclude dealer administration fees
- exclude in-market loyalty or conquest offers
These examples are intended to illustrate the available Honda financing and leasing programs for Canadian buyers rather than provide individualized quotations.
2026 Honda Civic Financing and Leasing Final Thoughts
The Honda Canada Competitor Comparison brochure provides a detailed breakdown of the financing and leasing programs available for the Honda Civic Sedan Sport Touring CVT.
By understanding what each figure in the payment table represents, Canadian shoppers can make more informed comparisons between financing and leasing. Rather than focusing solely on the monthly payment, reviewing the MSRP, mandatory charges, financing rates, lease rates, rebates, and agreement terms provides a more complete picture of the Civic payment options under Honda Canada’s Ontario programs.
Disclaimer: Content contained in this post is for informational purposes only and may include features and options from US or internacional models. Please contact the dealership for more information or to confirm vehicle, feature availability.
