Anyone want out of their lease early?

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Old 02-11-2002, 08:58 PM
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Anyone want out of their lease early?

Here's an opportunity for the right person who might want a new car, but still has some months left on their lease. Specifically, I'm looking for someone who has 4-6 months left on their lease of a CL/CL-S who would like to transfer out early. I have ordered a new car, but it won't be in until July or so, and I need something fun to drive until then.

In order to make this work, I would need to have a car that is in great shape. Color is not important, as long as it's not black (it has to be parked outside during the day) Mileage would need to be such that I could put at least 5,000 miles on it before lease-end, and not be over the mileage limit at turn-in.

I have sterling credit, so that would be an issue. please let me know if you would be interested, or know someone who is.

Thanks.

Dave
Old 02-11-2002, 09:15 PM
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i dont think honda allows any change to the lease agreement including changing mileage allocation or lease transfers.. otherwise i'd be out of this thing long ago..
Old 02-12-2002, 09:07 AM
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AHFC has the strictest lease conditions of any finance company. You cannot transfer a lease under any circumstances and there's no early buy out provision. If you want out early you must pay all remaining lease payments. God help you if you fall behind, they begin threatening repossession if you're less than two months late. If you lease a Honda or Acura, make sure you want it for the full duration of the lease.
Old 02-12-2002, 09:14 AM
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Hmmm... 4-6 months, July or so... Would your new car happen to be a Z? I ordered one too and will be driving a Civic until it arrives. Suck it up, man. Drive a beater.
Old 02-12-2002, 09:16 AM
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Originally posted by BarryH
AHFC has the strictest lease conditions of any finance company. You cannot transfer a lease under any circumstances and there's no early buy out provision. If you want out early you must pay all remaining lease payments. God help you if you fall behind, they begin threatening repossession if you're less than two months late. If you lease a Honda or Acura, make sure you want it for the full duration of the lease.
I've found that AHFC is one of the better finance companies to deal with on leases. No disposition fee and a $1500 damage waiver at lease end. They also have very competitive rates.

I traded my 2000 TL for a 2002 TL-S when I was 18 months into my 39 month lease and rolled into a new lease with $0 out of pocket (I had actually built $600 equity [yes, that's possible on a lease] during the first 18 months and used that as a cap cost reduction on the new lease). Got my original $500 security deposit back, too.

As for being late on the payments, anything over 30 days is going to get more attention.. no matter who you're dealing with.
Old 02-12-2002, 09:31 AM
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I just signed for 39 months (3.3%)on a new 2002 Cls W/navi. They promised it wouldn't be difficult to bail early, or change over to a different ride if I wanted to
Old 02-12-2002, 04:35 PM
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Originally posted by Smitty02CLs
I just signed for 39 months (3.3%)on a new 2002 Cls W/navi. They promised it wouldn't be difficult to bail early, or change over to a different ride if I wanted to
HAHAHAHA! that's just too damn funny.. i talked to my salesperson the other day and asked if i could get my allotment lowered, 'nope, cant do that', umm what if i want to increase it, 'nope, cant do that'.. i think bmw is much nicer with there leases they called my brother up after like 6 months and asked is his allotment was ok and he needed it changed or whatever..
Old 02-12-2002, 04:45 PM
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my car

Hey umm i have a nice car, pretty much decent to the CL-s... i have a 2k1 Gtz Galant (limited edition) in perfect condition... if your willing to drive for about 7 months u can just take over my payments (50 months left) and when ur time comes, just sell the galant (its alot better than lease takeover... dont have to worry about milage (i only have 12500 btw), anyways if your interested let me know
Old 02-12-2002, 05:03 PM
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Try this:

Leasetrader.com
Old 02-12-2002, 05:53 PM
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I dunno what's with american honda, but canadian honda finance is letting me out of my lease and transferring it to someone else for $350 CDN, that's it....as long as the person who is taking it over meets the same credit criteria as me.
Old 02-12-2002, 07:16 PM
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Originally posted by Astroboy
I dunno what's with american honda, but canadian honda finance is letting me out of my lease and transferring it to someone else for $350 CDN, that's it....as long as the person who is taking it over meets the same credit criteria as me.
But please note that your name still remains on the lease should the assignee default in payments...

With a lot of screaming, you might get that reversed..
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