What to Expect on Lease End
No matter which option fits you best, getting ready for end of lease process is simple as 1,2,3 !
1. What to do when your lease end date is approaching?
Lessee will be contacted by Honda prior to the lease’s expiration giving them information on how they can get a final lease end inspection of the vehicle prior to returning it.
Before you schedule your Lease End Inspection, we recommend you complete a vehicle self-inspection.
At the end of your vehicle Inspection, you will receive a Vehicle Condition Report detailing any identified Excess Wear and Use on your Leased Vehicle. According to the lease contract you are responsible for excess wear and use, especially tires condition, any glass damage and vehicle body damage including scratched over 3", dings and dents no bigger than 1.5” in diameter, as well as interior burn holes, stains, cuts or tears.
If any end-of-term liabilities apply, these items will be billed at a later time.
Once our turn-in is complete, you’ll receive your final invoice in the mail about four to six weeks.
1. Schedule your Lease End Pre-Inspection
To avoid any unexpected surprises, we recommend beginning the process by scheduling a Pre-Inspection with our Clinton Honda team. This will offer you the opportunity of having our team review the conditions of your vehicle before the final Lease-End Inspection to identify potential damage now and assist with the necessary repairs.
Then, schedule your Lease End inspection with the Honda appointed licensed inspection company, call 1-800-340-4080 or click on the Schedule Inspection Online link
2. Return your Leased vehicle to Clinton Honda
Contact our team on or before the expiration date of your lease, and arrange to come into our Honda dealership in Annandale NJ, located at 1511 Route 22, to turn in your leased vehicle. While you do not need to return your Honda leased vehicle to your original Honda dealer, it MUST be returned to an authorized Honda dealer.
Contact the Lease Maturity Center at 1-800-708-6555 to inform them that you have returned your vehicle.
If all payments have been made, your call will initiate the completion process for your lease account, and you will no longer receive a regular monthly billing statement.
If you have payments remaining on your account, you are responsible for making them. If your dealer has agreed to make the final payments, follow up with your dealer to ensure they are made on time.
If any end-of-term liabilities apply, these items will be billed at a later time.
3. Do not forget that you still have four options on lease end.
a) Turn-in your Honda and Purchase or Lease a New Vehicle.
Our Honda Dealership in Clinton, New Jersey will work with you applying all current available incentives to get you a great deal when you lease or purchase a new Honda model. In many cases we can take over some of your payment or any lease end cost based on the individual situation. Please contact us to make an appointment.
Schedule an Appointment with Sales Specialist
b) Purchase Your Leased Honda
You can purchase your leased Honda at any time during your contract at the pre-determined buyback amount. When you purchase your leased Honda, there is no need to have your vehicle inspected, and you will be not responsible for any wear and use charges based on such inspection.
Obtain a payoff quote online by logging in to your account or by calling our automated system at 1-800-708-6555.
Note: If you live in IL or OH, certain conditions require that you speak with a Honda Financial Services (HFS) Lease-End Specialist.
c) Return Your Leased Honda
Return your leased Honda to us, even if you decide not to lease or purchase a new Honda model. You will need to schedule an end-of-lease inspection mentioned above and you will be responsible for any remaining payments, excess wear and tear and any other end-of-term obligations that were specified in your lease agreement. If you do not release or buy a new Honda, you will be charged $350 Return Fee from Honda as well as any over miles and damage if we don't purchase vehicle.
We recommend you schedule an appointment with our team so that we can have you in and out as quickly as possible.
Schedule an Appointment with Sales Specialist
d) Sell your leased vehicle to us.
You may bring your vehicle to us and offer it for sale to our Pre-Owned Manager. In some cases, we can purchase your leased Honda or Acura vehicle and you will be NOT RESPONSIBLE for any lease end obligations including disposition fee, any excess wear and tear charges etc. To discuss this option, please set up an appointment with our Pre-Owned Manager. E-MAIL Pre-Owned Mgr.
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Prices include all costs to be paid by a consumer, except for licensing costs, registration fees, and taxes. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.