Avery Greene Honda is here to help you with any questions you may have about your current Honda lease. We will assist you with the end of lease process, regardless of whether your car was leased from us or elsewhere.
Are you near the end of your lease?
When your lease is almost at its end, there are some things to keep in mind as you prepare to take the next step. Our friendly and knowledgeable sales team has all of the information and options to make this an easy process for you.
Here are some questions to ask yourself:
Do you want out of your current lease?
Are you happy with your leased vehicle and want to purchase it?
Are you ready to upgrade to a newer Honda?
Would you like to lower your payments while getting into a new car?
Are you over your allowed lease miles or have any damage to your leased vehicle?
If you leased your Honda from Avery Greene Honda, we will be in touch with you with more information as the end of your lease gets near. You will have three options available once you fulfill your lease obligations.
Find Out More
Option 1 - Purchase a new Honda
Avery Greene Honda maintains an extensive inventory of new Honda vehicles, including 2018 and 2019 models. Check out the HR-V and all the other latest models we have! Browse our inventory, and then contact our friendly staff to schedule a test drive! Our sales team is happy to help you find exactly what you're looking for in a comfortable, pressure-free environment.
Prior to the end of your lease, please bring your vehicle in for a Free evaluation of value and condition. At this time we can inspect the vehicle to see if you could be liable for any damage that the vehicle might have, or mechanical issues that could possibly cost you money if you return the vehicle to Honda. When you come in ask for one of our Sales Managers, who will go over the many options that you have at the end of your lease or at any time during your lease if you wish to replace it with another vehicle or pay it off. Oftentimes our customers are amazed that they actually have equity in the vehicle they leased.
Honda often has owner loyalty offers, meaning we are able to work with you on obtaining a new Honda with a similar monthly payment as your leased vehicle.
Option 2 - Purchase Your Leased Honda
Many times when leasing a Honda, at the end of a lease you have equity. This is when the value of your vehicle, either at the time of termination or before termination, is greater than what the payoff or the money owed to American Honda Finance is. This is when you benefit by leasing a Honda and the decision you made was a good one rather than leasing a vehicle from the competition. It is a well-known fact that Hondas hold their value over the competition, who often sell vehicles to rental cars companies or fleet many out to companies. Honda does not do this, which ultimately helps the value of your vehicle.
Here is how it works. Bring your leased vehicle into Avery Greene Honda at any time, usually, the best time is when you are 20-30 months into your lease. Ask for a Lease End Equity Evaluation. We will get your payoff from American Honda Finance and then determine the actual cash value (ACV) of your vehicle. After we determine the ACV, we will be able to tell you whether you are currently in an equity position or when it is estimated you will be. As an example, we are currently finding people who leased 2015, 2016, or 2017 Honda Accord Sports who have not driven excessive miles are in a good equity position. The Avery Greene Honda family wants our customers to be well-informed on the advantages of leasing and the many options you have.
Option 3 - Return Your Leased Honda
Love your leased vehicle and don't want to say goodbye? No problem! Purchasing your car may allow you to avoid any excess mileage, wear and tear, or use charges. You won't be responsible for any costs other than the predetermined purchase option price and any incidental charges as outlined in your Honda lease contract or required by law. It is possible that other state and local laws may require additional fees. Please contact our sales team if you have any questions about this.
Option 4 - Lease End Equity
If you'd like to return your leased Honda, we make the process as easy as possible! Prior to the end of your lease, please bring your vehicle in for a Free evaluation of value and condition. At this time we can inspect the vehicle to see if you could be liable for any damage that the vehicle might have, or mechanical issues that could possibly cost you money if you return the vehicle to Honda. When you come in ask for one of our Sales Managers, who will go over the many options that you have at the end of your lease or at any time during your lease if you wish to replace it with another vehicle or pay it off. Oftentimes our customers are amazed that they actually have equity in the vehicle they leased.
Prior to your lease end date, contact us to schedule an appointment to return your vehicle.
Even if you decide not to lease or purchase a new Honda from us, we'll be happy to receive your leased vehicle to add to our used car department's inventory. We will do everything we can to make ending your lease quick, easy and hassle-free. Because of the high resale value of Honda vehicles, we may even want to buy off your lease with no early termination fees. Please contact us with any questions!