The obvious thing to do when your Honda lease ends is to return the car to the dealership and lease or buy a new vehicle. However, we encourage you to ensure that the car is clean and in good condition before you bring it back. You can get a mechanic to fix the broken parts and also give your car a refresh on the inside and outside to make it shine. Here are additional options to think about when your Honda lease is over:
Sell the Car
You can use the dealer as the seller for your leased car. What happens is that instead of purchasing the car and renaming the title, you’ll need to return the car to the dealer and source for a customer. The dealer will later sell the car at the agreed-upon price.
Lease a New Car
The profits made on the sale of the car can be used as a down payment for the next car you lease. You can also simply turn in your car and lease a new one from our showroom.
Purchase the Car
You might have loved the car enough to consider buying it. At the time you return the car to the dealer, you can carry with you the buy-out money, and you will get the title of the car.
If you’re curious about exploring any of these options in more detail, stop by our Honda finance center here in Philadelphia, PA to chat.
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