I may have no choice. Believe me I do not want to do this, I may have to leave the country and therefore end my lease on the S2000 early.

I have read everywhere that this is extremely expensive and basically a nightmare. Has anyone got any experience of this or knows the costs involved. My lease is with Honda Finance (who I will be calling this week).

Thanks for your help.

Andy

 

Yea you're pretty much going to get raped. You will be hit with massive penalty fees (depending how much time is left on your lease). But if you gotta do it, you have to do it.

 

Another thing you can do is call AHF (number is on your statement), get the payoff amount, and try to sell your car privately. That way you can just pay Honda the amount that you owe on the car. That's how I got out of my lease on my last car.

 

How do you sell a car you don't own?

 

[QUOTE]Originally posted by ElTianti
[B]How do you sell a car

 

I have sold many of my own and my parents vehicles that were still on lease. All you have to do is tell the buyer that it is leased, and once they pay you, you pay out Honda Finance. Make it part of the Bill of Sale. The buyer can then do a lean check to make sure that Honda Finance is no longer on the title. I have done this two or three times without any problems.
As an added note, the best time to get out of a lease is between 2.5-3 years into it. This is at the point whereby the pay out almost approximates the value of the vehicle, thereby saving you a penalty to pay Honda Finance. On the plus side, if your'e a keen sales person, or have a ready buyer, you may even come out $1000-$2000 ahead. Better than selling the car for $2000 less than the pay out amount.
Good luck!
Asif

 

I've ended two leases early .. But each time I was upgrading to a higher priced car.. Without that It could be expensive..