You may have leased a Honda vehicle or are thinking about leasing over buying. You probably have some questions about the return process if you choose not to purchase the vehicle at the end of the lease term. Don’t worry – returning your lease is easy and stress-free with Premier Honda.
Don’t wait until the last minute to decide to return your Honda vehicle. Think about it at least 2 or 3 months before the end of the lease and make a decision. You will need to contact the Lease Maturity Center to find out details about returning your vehicle.
You will need to schedule a vehicle inspection for the end of the lease. You will need to provide your account number for Honda Financial Services and the VIN for your vehicle. You can call 1-800-340-4080 to set up the inspection.
Be prepared for any extra costs associated with returning your leased vehicle. For instance, you will need to pay for any outstanding payments and fees for excessive mileage. You will be responsible for any wear or tear over the amount allowed and other fees and obligations.
One week before your lease end date you should make an appointment with Premier Honda. Deliver the vehicle to Premier Honda at the appointment time. Bring all keys and the owner’s manual along with any maintenance records. Bring the vehicle return receipt and inspection report. Also include any receipts for repairs that were made to the vehicle.
Once the vehicle has been returned, you will call the Lease Maturity Center and let them know you have returned the Honda vehicle.
Because vehicles have normal wear and tear which begins as soon as you drive them off the lot, signs of wear are allowed for a leased vehicle. You will have a vehicle inspection for your Honda model when you turn it in, but you can also assess any scratches, dings or damage to determine if it’s likely that you will have to pay.
Signs of wear that exceeds normal wear and tear include dents that are larger than 1-1/2 inches or scratches longer than three inches. If the tire tread is less than 4/32-inches, you may be charged for replacement.
Any stained paint is considered damage as well as the use of touch-up paint if it is noticeable. Four or more dings per panel on the vehicle is considered excessive or dings on more than four panels. More than two scratches per panel are considered excessive wear. Other signs of wear and tear beyond the normal include:
If you decide to terminate the lease early, you may wonder about your options. You should read your lease to find out exactly what you are allowed to do based on the terms. However, you are often able to return the vehicle and pay any fees early. You may also be able to transfer your lease to another person. Just be aware that your name will still be on the contract, which means you are responsible for what happens.
You can trade your lease in for another Honda vehicle. Any outstanding fees would be rolled over to the new lease and paid over time rather than due all at once. Your other option is to buy the vehicle outright. You can purchase it anytime during the lease period instead of waiting until the end.
You can return your leased Honda vehicle to any dealership. If you leased it from another location and moved to the area afterwards, you can return it to Premier Honda.
If the inspection shows damage, you can pay to have it fixed before you turn the vehicle in. Honda Leadership Leases come with an excessive wear and use waiver for $500. You may also quality for other waivers if you lease another Honda.
To find out more about the leasing process, you can talk to the team at Premier Honda.