Mutlu

1. Find out what your buy out is
2. Put you car up for sale
3. Once you have somebody interested
a. Have him/her pay the amount you sold it for and give you the rest
b. Have him/her pay the amount you sold it for and YOU pay off the rest
4. Walk away happy
a. because you are rid of the car
b. no more payments
5. Walk away unhappy
a. you had to pay extra money on top of what you sold it for

This is quite simple and pm me if you need help.

FIZZ-AP1

i'm currently leasing a Honda through Chase and when I wanted to get rid of my car a couple months ago, the person from Chase told me I had 3 options: 1-i could buy/sell the car(pay all remaining payments+the buyout at the end 2-i could trade it in for another car at a dealership or 3-Chase would auction the car off for me and whatever they sold it for, if it was less than what i owed, i would have to pay the difference. Otherwise, i can bring the car back early within the last 6 months of my lease, which is what i'm gonna do. anything over 6 months and it's options 1,2 or 3. best bet is to call Honda or whoever you're leasing through to find out what you can do

Chris in SD

From what it seems, I'll be better off keeping the S2K. My g/f will probably end up driving and paying the lease, so I end up with the same net result and still get to drive it now and then.

This will be the last time I lease a car - way too much involved and the upside-down is much worse/faster than just buying a car.

Thank you all for your input.

steven975

wrong.

you just pay the CURRENT residual. That is different than the END residual. Really, the current residual is the end residual plus all payments minus the interest component. since a lease payment is only interest and depreciation, the current residual is the end residual plus all unapplied depreciation.


I've leased through chase. All you have to do to get out is to pay them the CURRENT residual plus the TERMINATION FEE of $100 (which applies even at the end).

revhi

The current residual will still be higher than what the cars worth right now. In the end he will still be losing money out of his pocket.

Chris in SD

I expect to lose money, so that's not the issue.

I did a ton of research today - basically, unless I get someone to assume the lease with Honda Finance's approval, I am stuck.

Honestly, I love my S2K, so being "stuck" isn't really a bad thing. Thanks again.