I've noticed that the NY lease law is a bit different from other states. I am looing into getting a 42 month lease. What does it mean that I don't have to pay the first payment? Does this mean that I am only paying 41 months worth and actually keep the car for 42 months?

More importantly, am I allowed to return the car to anywhere I want (any Acura dealer)?

Thanks.

 

???
You live in Maryland and want to lease from NY?? Don't get it.

AHFC doesn't lease in NYS any more. If you're in Maryland, you're better off getting a car in any state other than New York.

 

Thanks for your advice. Either I am stupid or confused or both, but I found this paragraph from the Honda Finance website:

Gap assurance (Total Loss Protection)
Although you may intend to keep a vehicle for the full term of a lease, an accident or theft could cause early termination. Most auto insurance policies pay the average market value of the car, which may be considerably less than the remaining lease obligation. Leases from Honda Financial Services include "gap" protection to cover this difference in the event of such a loss. This is a very desirable feature to look for in your lease. If you are purchasing a vehicle outside New York, you may be able to purchase gap assurance coverage from your dealer.

Note: A retail installment contract from Honda Financial Services includes gap assurance only if the vehicle is purchased in the state of New York.

Any thoughts?