Last post on Dec 04, 2013 at 2:02 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#5227 of 5551 Re: 2013 LX stick [gmanusmc]
May 16, 2013 (2:48 pm)
Time out is over. Looking forward to your future posts.
#5228 of 5551 Re: 2013 LX stick [huskerfan5]
May 17, 2013 (4:33 am)
LOL All the hate... I traded in my Honda civic 12 ex... I understand how buying a car works... This isn't my first finance just considered my 1st lease.. I figured I would pass some of the info along and help someone else out down the road ..
#5229 of 5551 2013 Accord I4 Coupe EX-L
May 17, 2013 (6:38 pm)
Hi CarMan! I was wondering if I could get the money factor / residuals for these:
36 months / 12k miles per year
2013 Accord I4 Coupe EX &
2013 Accord I4 Coupe EX-L
#5230 of 5551 returning back before lease ends
May 18, 2013 (11:29 am)
I have honda civic 2011 lx that I leased for 36 months. My term ends this year end. I am buying new car - not Honda. I have already used 36,000 miles per my lease.
I had an accident and I took it to body shop the one Honda recommened and got it fixed.
I want to return it before lease ends as I don't want to pay unnecessary insurance.
I leased it for 1st time in my life. I paid zero down and first 3 1/2 months installment was paid by dealer. I paid $199 per month - with tax $212.56
Any advise before returning!
#5231 of 5551 Re: returning back before lease ends [palciparum]
May 19, 2013 (11:04 am)
You do realize you are still obligated to pay the remaining lease payments, right?
#5232 of 5551 Re: returning back before lease ends [palciparum]
May 19, 2013 (11:31 am)
I'm in the same situation & have gone to Carmax to get a quote on what they'd buy it for...and it turns out, for my situation, I'm better off selling it to Carmax than returning it to Honda. You might want to check that option out.
#5233 of 5551 Returning back before lease ends
May 19, 2013 (6:50 pm)
I have made all lease payments in advance. Can I just return it?! Is it that simple or am I missing something?!
#5234 of 5551 Re: Returning back before lease ends [palciparum]
by kyfdx@Edmunds HOST
May 20, 2013 (4:37 am)
It's usually not that simple. Returning it prior to the last month may trigger an early termination clause. That could result in them sending the car to auction, and you being liable for extra charges.
The Car max suggestion is a good one. If they buy the car, then your obligation would be complete, and you could possibly realize some equity above the buyout amount.
#5235 of 5551 Re: Returning back before lease ends [kyfdx]
May 20, 2013 (4:52 am)
#5236 of 5551 Re: Returning back before lease ends [gmelo83]
by kyfdx@Edmunds HOST
May 20, 2013 (4:59 am)
A car lease is a contract with a bank.. They will use every opportunity to maximize their profit, if the contract isn't completed as agreed upon. Common sense has little to do with it.