Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3624 messages, Last post on Nov 24, 2009 at 7:59 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
|
|---|---|
|
Just wondering if anyone has had any luck with swapalease.com...I currently have a 2007 Accord EX..4cyl/Auto/cloth seats/moonroof/excellent shape...27,030 miles..I have 8 payments of $297.00 left which equals $2376.00. My options for getting out of it now(since I no longer need the car) are: 1)pay Honda Financial $2376.00 and walk away 2)find a buyer willing to buy the car for $16500. They send check for $16500 to Honda financial and I send check for $1100 which will equal my buyout. Honda will send me title and I sign it over to buyer. The only problem with this is that it takes 7-10 days to get the title. I don't know if many buyers will feel comfortable sending a check for this amount and having to wait up to 10 days to get the car. 3)SWAPALEASE...I've never used this service so I'm interested if anyone in the forum has any comments....For an upfront ad fee of $300, I would advertise the car for payments of $370.00 per month...SWAPALEASE buys the car from Honda and finances the loan. Supposedly, my total cost would be the ad fee of $300.00 but I'm hesitant. Any comments would be appreciated! Thank you! |
|
|
Replying to: mickeymouse1 (Aug 16, 2009 10:25 am)  yahoo.com
|
|
|
|
|
Replying to: mickeymouse1 (Aug 16, 2009 10:25 am) Where did you read that? I was only aware that swapalease helps you transfer the lease between you and another party. I can find no place on their site where they will buy a car and then finance it.
|
|
Hi, I just found out that Nissan/Infiniti financing is charging a $395 disposition fee at the end of their leases if you decide to return the car and not buy the vehicle or lease another vehicle from them!! I think that is absolutely outrageous especially if you really keep the car up and make all your payments on time; some people have said that other car manufactures are doing this as well; honda financial services doesn't have this listed on their website so I wanted to know if new 2009 or 2010 honda leases are having this same disposition fee at their lease conclusion? because if they don't, I'm going to lease a honda over a nissan hands down; any info would be greatly helpful!!!!
|
|
|
Replying to: mickeymouse1 (Aug 16, 2009 10:25 am) At the end he ended up somehow selling the car to the dealer or to the dealership emplye and I wasn't responsible for anything and he did ended up pay all the payments, but He did made 6 very late payments, which did put some minor damage on my credit. Over-all I would never do it agai, Find a buyer and sell it the car!!! |
|
|
Replying to: kingpcgeek (Aug 12, 2009 9:11 am) |
|
|
|
|
Replying to: kingpcgeek (Aug 17, 2009 9:48 am) Our New Loan Program (NLP) helps people that have leases with leasing companies that do not allow lease transfers (or would not want to remain obligated to a lease once transferred). The NLP can also be used in situations with high payments which need to be reduced or refinanced, over-mileage or any other applicable reason. Benefits of the New Loan Program: Your liability with the vehicle will be completely removed. No penalties or additional fees. No negative effect on your credit history (will reflect as paid as agreed and balance transferred). Here is how the program works: 1. You will call your leasing or finance company for the dealer payoff (payoff without taxes) · Swapalease.com will set up a new loan offer (based on payoff) · Competitive Rates · Zero Down · No mileage limit · Ownership at the end 2. Swapalease.com will list your vehicle until it sells · Your buyer will apply for credit with our lenders · Once approved, the new buyer will sign new loan documents with the lender 3. You will drive your vehicle as normal, but once the buyer’s credit is approved a third party finance firm will buy your vehicle for finance to a new party! · The lender will call your financial institution to insure we have the correct payoff · The lender will send a payoff check on your behalf to pay off the vehicle |
|
|
|
|
Replying to: toyoman8 (Aug 17, 2009 12:24 pm) |
|
|
Replying to: toyoman8 (Aug 17, 2009 12:24 pm) However, there are plenty of banks that once the lease is assumed, will let you completely off the hook. (BMWFS is one of them). In that case, your liability is zero, once the lease transfer is completed. regards, kyfdx
|
|
|
Replying to: smarty666 (Aug 17, 2009 10:19 am)
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Honda Accord
Browse by Board
Browse by Topic
