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Fair price from Dealer on leased 2018 RDX?

LeftyGolferLeftyGolfer Chicago ILPosts: 2
edited November 2018 in Acura
I have a 2018 RDX AWD that I leased in January 2018 but that I now need to get rid of. The lease was for 36/12k and is through Honda Lease Trust. From what I understand they don't allow Lease Transfers. The only way that I know of to exit the lease is to buy the car from Honda Lease Trust and then sell it.

I have an offer of $28,500 from a dealership which will cost me an additional $6,700.

Any thoughts on whether this is a reasonable offer, or if there are other ways to terminate the lease at lower cost?

Answers

  • kyfdxkyfdx Posts: 148,127

    I have a 2018 RDX AWD that I leased in January 2018 but that I now need to get rid of. The lease was for 36/12k and is through Honda Lease Trust. From what I understand they don't allow Lease Transfers. The only way that I know of to exit the lease is to buy the car from Honda Lease Trust and then sell it.

    I have an offer of $28,500 from a dealership which will cost me an additional $6,700.

    Any thoughts on whether this is a reasonable offer, or if there are other ways to terminate the lease at lower cost?

    Getting out of a lease is expensive.
    Are you trading it in, or is that a straight buy offer from the dealership?

    Do you have a Carmax, Carvana or Vroom nearby? They will all make no strings attached, bid offers for your vehicle, so you have some competitive quotes.

    For $6700, I'd find a way to keep it.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • LeftyGolferLeftyGolfer Chicago ILPosts: 2
    Not trading it in, I need to unload it entirely without replacements. 6700 is expensive, but my alternative is to keep a car I don't need for another two years.

    Will explore the Carmax option, we have one close by

    thanks!
  • kyfdxkyfdx Posts: 148,127
    Keep in mind.... if a dealer buys it, you don't have to buy it first, then sell it to them. They get it straight from Acura Finance.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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