Hello everyone. Another new guy here.

Unfortunately I don't own an S2000 - yet. Currently driving an 03 Acura TL-S.

However, I sure have the hots for one and would love to have one sitting in my garage tonight!!! Which leads me to a question as I'm unfamiliar with how Honda does their leasing. (I've been a GM man all my life. The Acura was my first non American car).

When I asked a salesman at the local Honda dealer about whether Honda Financial would allow me to get out of the Acura lease and get into a new S2K he said basically I'm stuck with the Acura for another year. Don't get me wrong, it's a fine car I was just hoping that Honda would do what GM does with their leases. In order to get you to lease a new car they will forgo the time that you have left on your current lease (usually 6 to 9 months) and put you in a new car and a new lease. No penalties what so ever.

Was the salesman correct in saying that a Honda lease must be seen all the way through? In my case 36 months. If so I'll have to hang on till next June.
Just thought I'd ask.

Well, thanks everyone. It's great being here.

 

Good question.
I'm not sure, but I would think he is corrent. It would seem harder for a dealership to sell a used car vs. a new car, so it sound surprising that GM would let somone trade their lease agreement to a new car (or start a new one even) with no penalties. But again, I'm not positive. Good luck!

 

You can trade out of your lease, they just have to BUY it from you. You need to find what your payoff on the Acura is (Call them). Most likely the Honda dealer will offer you something less than your payoff... this is called negative equity. You can roll this negative equity into your new car provided it does not cause the cars price to exceed 110% of the new car's MSRP. Sometimes this is a good idea, sometimes not. You will always be better off selling it on your own. If you have any more questions, post here.