Turning Old Leased TLS in Early for New TL
08-18-2004, 09:29 AM
#1
Cruisin'
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Turning Old Leased TLS in Early for New TL
I'm only 2 years into a four year lease on my TLS but WANT a new TL with six speed. Anyone ever turn a lease in this early? I know there would probably be a hit based on the value of the car, etc, but do you think the Acura dealers want to move the new TL?
08-18-2004, 10:33 AM
#3
Black
If it's leased with American Honda Financial Services (AHFS), there aren't as many options as other leasing organizations (ie: you can't transfer the lease). If you used another leasing company, you probably have more flexibility.
08-18-2004, 01:08 PM
#4
Three Wheelin'
Make sure you check out your options VERY carefully. I turned my 2k TL in 3 months early (the dealer made my last payments as a new purchase incentive). 2 weeks later, I get a call from the lease company (Chevy Chase) telling me I must repossess the car, reinsure it, and keep it until the lease is up or be considered in default. I did, but wasn't happy about it. In any event, if you do it make sure you understand your complete obligation as to avoid any future inconvenience.
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