Honda Lease Returns
As the end of your lease term approaches, you'll need to make a few key decisions. Whether you want to upgrade to a new Honda, keep your current vehicle, or return your lease, we're here to guide you through the process.
Option 1: Trade-in For a New Vehicle
You can upgrade to the latest Honda models at the end of your lease. Trading in your leased vehicle allows for a smooth transition into a new ride.
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Why Lease Again?
- Newest Models: Always drive the latest technology and features.
- Reduced Maintenance Costs: Lease agreements often include maintenance plans that lower your out-of-pocket expenses.
- Lower Monthly Payments: Depending on different factors, your new lease payment could be similar to or even lower than your current one.
Option 2: Purchasing Your Lease Vehicle
If you've come to love your leased vehicle, purchasing it could be the right option for you.
Is a Buyout Right for You?
- Vehicle Condition: Check your vehicle's condition, considering wear, mileage, and any needed repairs.
- Market Value: Research your vehicle's current market value to assess its potential resale value.
- Financial Considerations: Weigh the total cost of ownership, including monthly payments and depreciation, against the buyout price.
Option 3: Returning Your Lease
Returning your leased vehicle is a simple process if you're ready to move on.
Pre-Return Inspection:
- Timing: Arrange a pre-return inspection a few weeks before your lease ends.
- Process: We will inspect your vehicle for wear, tear, and any interior or exterior damage.
- What to Expect: The inspection will check your vehicle's condition against the terms of your lease.
Finalizing the Return and Charges:
- Documents: Bring your original lease agreement, all vehicle keys, the owner's manual, and maintenance records.
- Mileage Overages: Exceeding the mileage limit could result in a per-mile fee.
- Excess Wear and Tear: Any damage beyond normal wear may incur extra fees.
- Disposition Fee: This fee covers the administrative costs of processing your lease return.
As your lease winds down, think about what option suits you best. Trading in for a new model lets you enjoy the latest features, while buying your current vehicle may be a great choice if you want to keep it. And if you're ready for something different, returning your lease is straightforward.
Contact us or visit the Honda website for more information on your lease return options.
