Lease turn-in questions
07-09-2022, 03:09 PM
#1
Lease turn-in questions
Hello,
For those that have leased or currently lease their vehicle, how does the turn-in process actually work? Does what constitutes the “normal wear and tear” vary from dealership to dealership - kind of like service departments do?
When you do go to turn-in the vehicle, I’m assuming you have to make an appointment prior to the turn-in date? How long does this inspection of the vehicle normally take?
As far as things like the paint condition and interior items go, realistically, what do they consider “normal wear and tear?” I would
imagine that this is also subjective depending on who inspects your vehicle?
Lastly, can I take it to a Honda dealership for the inspection and turn-in?
Thanks so much, everyone!
For those that have leased or currently lease their vehicle, how does the turn-in process actually work? Does what constitutes the “normal wear and tear” vary from dealership to dealership - kind of like service departments do?
When you do go to turn-in the vehicle, I’m assuming you have to make an appointment prior to the turn-in date? How long does this inspection of the vehicle normally take?
As far as things like the paint condition and interior items go, realistically, what do they consider “normal wear and tear?” I would
imagine that this is also subjective depending on who inspects your vehicle?
Lastly, can I take it to a Honda dealership for the inspection and turn-in?
Thanks so much, everyone!
07-10-2022, 01:28 PM
#3
If you are not planning on getting another Acura, you can try to sell it instead, it's a long shot, but you might be surprised.
Go to CarMax and have your vehicle appraised, depending on how much your lease payoff is, you might break even or even better get cash back since used car prices are still somewhat high. CarMax doesn't really care minor about dings, scratches or acceptable tire tread like dealers inspect retuning leases, were they might add fees, etc. CarMax will outright buy it and pay off the lease, but again this is assuming you are not going back to Acura.
you have nothing to loose, other than some of your time to get it appraised.
Go to CarMax and have your vehicle appraised, depending on how much your lease payoff is, you might break even or even better get cash back since used car prices are still somewhat high. CarMax doesn't really care minor about dings, scratches or acceptable tire tread like dealers inspect retuning leases, were they might add fees, etc. CarMax will outright buy it and pay off the lease, but again this is assuming you are not going back to Acura.
you have nothing to loose, other than some of your time to get it appraised.
07-10-2022, 02:58 PM
#4
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If you are not planning on getting another Acura, you can try to sell it instead, it's a long shot, but you might be surprised.
Go to CarMax and have your vehicle appraised, depending on how much your lease payoff is, you might break even or even better get cash back since used car prices are still somewhat high. CarMax doesn't really care minor about dings, scratches or acceptable tire tread like dealers inspect retuning leases, were they might add fees, etc. CarMax will outright buy it and pay off the lease, but again this is assuming you are not going back to Acura.
you have nothing to loose, other than some of your time to get it appraised.
Go to CarMax and have your vehicle appraised, depending on how much your lease payoff is, you might break even or even better get cash back since used car prices are still somewhat high. CarMax doesn't really care minor about dings, scratches or acceptable tire tread like dealers inspect retuning leases, were they might add fees, etc. CarMax will outright buy it and pay off the lease, but again this is assuming you are not going back to Acura.
you have nothing to loose, other than some of your time to get it appraised.
07-10-2022, 05:02 PM
#5
07-10-2022, 09:01 PM
#6
Instructor
The lease turn buy out options change is on new leases. Like Tesla also stopping buying and 3rd party buying and other changes.
Be careful with the BIG internet used car buyers……their business model in crashing. Look at the stock pricing on Carvana and a vroom and others.
Carmax appears to be less affected due to their dealer and brick and mortar model.
Be careful with the BIG internet used car buyers……their business model in crashing. Look at the stock pricing on Carvana and a vroom and others.
Carmax appears to be less affected due to their dealer and brick and mortar model.
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