Fair price from Dealer on leased 2018 RDX?

LeftyGolfer

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?

kyfdx

LeftyGolfer said:

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.

LeftyGolfer

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!

kyfdx

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.