my lease is coming to a end what to expect at the end?, or what to expect if i want to buy it?

 

You'll receive a pamphlet describing your options from Acura

 

write a check to the dealer or go to your bank to withdraw some cash??

 

IIRC HONDA Financial will sell it to you through your dealer. Many times depending on the market you can negotiate a deal that is below the residual.

 

To touch on this topic. I currently have a 2017 TLX lease. When I log onto my account, it shows what my total payoff is. So lets say I just pay the balance off, the car is mine? No need to go thru a dealer? I was under the impression that one has to go to an Acura dealer to buy out the lease at lease end.

 

3 Options:

Return the car and NOT release with Acura. You will be charged a $350 disposition fee, and billed for any damage or over miles

Exchange for new Acura: The $350 fee will be waived, your damage allowance will double, and if you are over miles Acura will cover half your miles (up to 7,500 miles) or if your under miles you can roll over miles to new lease

Buy your car out. Call Acura financial services for fixed buy out price, no negotiation here. No need to go to dealer to do paperwork, unless you want extended warranty then go thru dealership otherwise just call Acura

 

I assume the $350 disposition fee is only a US thing. I returned a leased Honda in 2016 and had no such fee.

 

When I bought my Acura off lease years ago Acura Financial insisted that I had to contact my dealer to do the paperwork.. The real reason why they want you to go through the dealer is so the dealer can try to sell you an extended warranty or CPO the car.. In some cases the dealer tries to sell you a new car..

Since I know one of the business managers pretty well it wasn't a big deal and ended up working out better for me. Since Acura's rates were higher at the time the dealer financed it through a bank instead and I saved some money.. The deposition fee was waived

BTW- I always thought you could negotiate the end of lease buyout but I couldn't.. I was told by Acura Financial and the dealer that the residual value you agreed to at lease inception is the price you pay if you decide to purchase. My father ran into this same issue recently when he was considering to buy my moms 2014 SRX off lease. Ally would not negotiate, he ended up getting her a new XT-5 instead..

 

I'm in a similar situation myself, my lease ends in may and I have been looking at the new Accord, I'm just waiting for there to be actual incentives for it. I would go with a newer TLX since i'm sure they have crazy discounts and what not, but I don't think I could be in the same car again for another three years.

 

Just got out of mine with 5 payments left. Acura paid it off for me.. as long as you get into another Acura

 

If you don't mind me asking, what does your new lease look like? I might just stop by on Thursday to see what they tell me.

 

they covered all five? I thought you could do a pull ahead with 6 payments left but acura will only cover 3, and the other 3 will be rolled into your new lease.

 

current lease incentive is 4k

 

Dumping my TLX once I get my new car. It has 4 months left.

 

I have 8 months left and was convinced I was leaving Acura u til I saw the RDX prototype. Once it relaxes the wife will likely get one when her lease is up in 8 months as well. I will check it out and may extend my lease u til,the FMC TLX comes out.

 

What are you planning on dumping it for? The TLX seems to be a really nice car.

 

 

 

Same here. Dealership emailed me as soon as my 31st payment hit. I was fairly anxious to get out of my 15 V6 Tech, so I jumped up to an 18 A-Spec for the exact same payment ($3K down, $394/month) plus Acura rolled over all of the remaining miles from my initial lease, even though I didn't actually pay for the last 5 months of miles. Pretty solid deal IMO.