Lease Return Options

Honda Lease Returns

As your lease term draws to a close, you'll have a few important decisions to make. Whether you're ready to upgrade to a new Honda, keep your current vehicle, or simply return your lease, we're here to assist you throughout the entire process.

Option 1: Trade-in For a New Vehicle

At the end of your lease, you have the option to upgrade to the latest models. Trading in your leased vehicle allows you to transition easily into a brand-new Honda.

Benefits of Leasing Again:

• Access to Newest Models: Always drive with the latest technology and features.
• Lower Maintenance Costs: Many lease agreements come with comprehensive maintenance plans, lowering your out-of-pocket expenses.
• Potentially Lower Payments: Depending on factors, your new lease's monthly payments could be comparable to or even lower than your current payments.

Option 2: Purchasing Your Lease Vehicle

If you've developed a strong connection with your leased vehicle, buying it outright is an option worth considering.

Is a Buyout Right for You?

• Vehicle Condition: Examine your vehicle's current condition, including wear, mileage, and any potential repair costs.
• Market Value: Compare your vehicle's current market value to help gauge its potential resale value.
• Financial Review: Weigh the cost of ownership, including monthly payments, interest, and depreciation, against the buyout price.

Option 3: Returning Your Lease

Returning the vehicle is a simple, straightforward process if you're ready to end your lease.

Pre-Return Inspection:

• Timing: Schedule an inspection a few weeks before your lease ends.
• Process: Our team will review the vehicle for any excess wear, interior damage, or exterior scratches.
• What to Expect: The inspection will compare your vehicle's condition against the terms of your lease agreement.

Finalizing the Return and Potential Charges:

• Documents: When returning, bring the lease agreement, all vehicle keys, the owner's manual, maintenance records, and any accessories that came with the vehicle.
• Mileage Overages: If you've exceeded the mileage limit, you may be charged per mile.
• Wear and Tear: Additional fees may apply to damage beyond normal wear and tear, such as dents, scratches, or stains.
• Disposition Fee: This fee covers the administrative process of returning your lease.

As your lease end approaches, take the time to weigh your options. If you want to enjoy the latest models and leasing flexibility, trading in your current vehicle is an excellent choice. Buying your current vehicle might be right if you've grown fond of it. And if you're ready for something new, returning your lease is hassle-free.

Contact us or visit the Honda website for more information on the lease return options.