Honda Lease Returns
As your lease period comes to an end, there are a few decisions ahead. Whether you're ready to upgrade to a new Honda, keep your current vehicle, or return your lease, we're here to guide you every step of the way.
Option 1: Trade-in For a New Vehicle
You can upgrade to one of the newest models when your lease expires. Trading in your leased vehicle offers a smooth transition into a brand-new Honda.
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Why Lease Again?
- Access to the Latest Models: Stay on top of the newest technology and features.
- Lower Maintenance Costs: Many leases include maintenance plans that minimize out-of-pocket expenses.
- Potentially Lower Monthly Payments: Your new lease payments might be the same or even lower depending on certain factors.
Option 2: Purchasing Your Lease Vehicle
If you've come to love your leased vehicle, purchasing it might be a great option for you.
Deciding If a Buyout Is Right:
- Vehicle Condition: Assess the overall condition of your vehicle, including wear, mileage, and potential repairs.
- Market Value: Research the current market value to see how it holds up in the resale market.
- Financial Considerations: Compare ownership costs, including payments and depreciation, with the buyout price.
Option 3: Returning Your Lease
If you're ready for something new, simply returning the vehicle is a quick and easy option.
Pre-Return Inspection:
- Timing: Arrange a pre-return inspection a few weeks before your lease ends.
- Process: A representative will check the vehicle for wear, tear, and any exterior or interior damage.
- What to Expect: The inspection compares the car's condition with the terms of your lease agreement.
Finalizing the Return and Potential Fees:
- Documentation: Bring your lease agreement, all keys, owner's manual, maintenance records, and any original accessories.
- Mileage Overages: A per-mile fee may apply if your mileage exceeds the agreement.
- Excess Wear and Tear: Any damage beyond normal wear could incur additional charges.
- Disposition Fee: This fee helps cover the administrative costs of processing the vehicle return.
As your lease approaches its end, it's time to consider your next steps. Upgrading to the latest models gives you access to all-new features while purchasing your current vehicle ensures you keep the car you've grown to love. If you're ready to move on, returning your lease is hassle-free.
Contact us or visit the Honda website to explore your lease return options.
