Your Lease End Options:
Now that your lease is almost up, you may be wondering what’s next. It’s a good idea to start thinking about your end of lease choices, especially if you have 6 months or less remaining in your lease.
Option 1: Return your vehicle and lease a new Honda.
Easy, convenient and through the loyalty program, we may be able to offer you special rates and terms when you enter into a new lease for a new Honda.
Remember, you will still need to schedule a free vehicle inspection during the last two months of your lease. You will also be responsible for any outstanding payments, excess wear and use, excessive mileage, and any other end of term obligations specified in your lease agreement.
Ask about our Lease Maturity and Pre-Inspection, and have the dealer look at your vehicle before the end of term inspection. We may be able to eliminate potential end of lease excess wear and tear charges.
Option 2: Return your leased vehicle and purchase a certified used vehicle.
Certified Used Vehicle (CUV) programs offer significant advantages over used vehicles that are not certified. The decision to buy a certified used vehicle is clear – new vehicle benefits at a used vehicle price. With a solid reputation for reliability, performance, safety and value, a Honda Certified Used Vehicle is truly a great opportunity. With a Honda Certified Used Vehicle, you’ll also have access to financing options through Honda Financial Services.
Option 3: Purchase your leased vehicle.
Buying your leased Honda is a great way to continue benefiting from its reliability, performance, and high resale value. However, before you decide to buy your vehicle, we suggest that you have it inspected. The free inspection may provide some value added information that could impact on your decision to buy.
To find out your purchase amount, you can get a payoff quote 24 hours a day, 7 days a week through our Owner’s Website [www.myhonda.ca] in the My Finance section. Be sure to ask us for a Honda Financial Services loan to help purchase the vehicle.
Option 4: Return your leased vehicle to the dealer.
If you select this option, your lease concludes when you turn in the vehicle to Honda Downtown. You will need to schedule a free vehicle inspection during the last two months of your lease. You will also be responsible for any outstanding payments, excess wear and use, excessive miles, and any other end-of-term obligations specified in your lease agreement.
For lease end assistance, please contact our Leasing Manager, Simon Dai at 416-368-8181 ext. 28224.