Lease extension

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06-17-2021, 07:22 PM

sedanman

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Lease extension

Lease is up after extending from 3 yr to 4 yrs will Acura allow it to extend further another year maybe ? Any Acura employees in sales know the answer?

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06-22-2021, 11:15 AM

schen72

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Quote:

Originally Posted by sedanman

Lease is up after extending from 3 yr to 4 yrs will Acura allow it to extend further another year maybe ? Any Acura employees in sales know the answer?

What is the point of extending a lease? Wouldn't it be better to just buy it? The whole point of a lease is to "rent" the car for 3 years so that you can easily dump it and get a new car.

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06-22-2021, 01:21 PM

NBP04TL4ME

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Quote:

Originally Posted by sedanman

Lease is up after extending from 3 yr to 4 yrs will Acura allow it to extend further another year maybe ? Any Acura employees in sales know the answer?

Look at your current lease agreement.............. It's been a long time since I leased a vehicle but IIRC, there was something about leasing month to month after the original lease term. Again it's been a long time since I had a lease so this may no longer be an option. As mentioned above - at four years, what is the value in keeping the lease? If you have stupid low miles and like the car - I would look into buying it. If it matters at four years you are now also out of warranty.