I have an 04 but the military has seen fit to send me overseas agian. I only got home in APRIL. This time I am going with the reserves so i will be gone about 18 months so I have decided to turn in the lease. How harsh were the dealers at deciding wear and tear and the like....??? Any tips or tricks someone can give me?

When I get back I will just purchase an 05-06 model.... thanks for any help...

Andrew

 

Is your lease with American Honda? Check to see what early termination provision they offer for members of the arm services.

If they don't offer any provisions then you

 

Unless it is a private party or you are way over on your miles, selling it to the dealer is a very poor option.

 

most leases will let you out if you simply pay off the residual. IN NO WAY are you responsible for the remaining payments, not with a least through someone like Honda.

the residual WILL be less than the car is worth. There may be a $500 disposition fee, which most leases have, early termination or not.

 

The residual on my lease ($19K) is more than the remaining payments ($14K)., That wouldn't work for me. It depends on each individual.

You'll be better selling and paying off any negative equity. Paying off your
residual just doesn't make sense. Let me know if I missed something.

My car is only worth $25K on a trade in. My lease buy out is $29K

I'll have to come up with $4k out of pocket on a trade it, a few grand less if I private sale. That's a lot less than my $19K residual.

I don't want to sell my car but that's an example of my situation and what
I'd have to do to get out of my lease.

 

THe new provisions of the SOldier and sailors civil relief act protect me from any early termination fees. I know it would make a bit more money if i sold it but time will be a factor. Its quicker if it turn it in....

I am looking to hear from people who may have turned in a leased S2k.

How was the negoationing on wear and tear and the like..?

 

Why not just try to find someone to take over your lease?

www.leasetrader.com

 

Did you get a info packet with your lease paperwork? When I leased my '04, there was a little folder with a gauge to measure tire wear and some info on dings and scratches for when I return the car. You be able to get out of the lease no problem being in the service.

I get to take my relatively new leased '04 to Grand Forks AFB, ND next spring. Needless to say, it probably won't be used much if it snows alot.

 

thanks for the tip on lease trader...

 

here, enjoy. i don't know the guy so email him.

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