Honda CRV - return lease 4 months early and pay the remaing payments?

gjm10001gjm10001 Member Posts: 1
edited March 2018 in Honda
Can I return the leased 2015 Honda CRV 4 months early? I will pay all the remaining payments. I will be going over the 36K miles soon so I rather return it early since I will buy a 2018 CRV. Is this allowed? I figured if I leave the car parked unused for 4 months while making payments, I will still have to pay auto insurance on it.

Do I have other better options?
Tagged:

Answers

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    You could ask Honda Financial Services if they sponsor any kind of "Lease Pull Ahead" program, that would get you into a new Honda lease and get you out of your old one early.
  • kyfdxkyfdx Moderator Posts: 233,387
    gjm10001 said:

    Can I return the leased 2015 Honda CRV 4 months early? I will pay all the remaining payments. I will be going over the 36K miles soon so I rather return it early since I will buy a 2018 CRV. Is this allowed? I figured if I leave the car parked unused for 4 months while making payments, I will still have to pay auto insurance on it.

    Do I have other better options?

    If it turns out they won't take it back early without penalty, you can still turn it in, just one day after the last payment is due, and drop the insurance then.

    CR-Vs have great resale... As @Mr_Shiftright suggested, contact a dealer and see if they'll take it in trade. You may even have some equity in it.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Or if you think you have equity, you can pay it off and then sell it privately--of course if you only have access to the one car, that's not very convenient. People are always looking for used CR-Vs.
  • isellhondasisellhondas Member Posts: 20,342
    Why not just buy it at the end of the lease? You'll have a great car with low miles that you know all of th history on. Not a whole lot of important upgrades between the 2015's and 2018's that I can see.
Sign In or Register to comment.