My Honda Lease Is Coming to an End…Now What?

Is your lease coming to an end? No need to stress, as we’re here to help guide you through the process to help ensure you don’t miss any steps and that you know your options. Plus, we understand you have questions—so stick with us today as we cover some of the most common inquiries we hear alongside helping you navigate the end-of-lease process. Also, choose us at Honda of Bay County in Panama City, FL, as your Honda lease return center to help ensure you make the most of your options and get expertise guided toward helping you.

What Should You Do Before Returning Your Vehicle?

Before your return date, you’ll want to start by scheduling a pre-inspection—this meeting allows a professional to assess your vehicle for potential wear and tear and alert you of possible fixes to help you avoid fees. At this appointment, you’ll also want to have the keys, manuals, and records available (feel free to store them in the glove box). After the pre-inspection, you’ll get a report of any repairs you’ll want to complete before returning your leased Honda vehicle.

To further help you calculate fees, take a look at your mileage. For this step, multiply the miles you drove over your limit by the fee in your lease terms. However, if you’re under your mileage count, don’t take a random road trip yet—these miles can be allocated to the down payment of your next Honda lease or purchase, helping you save.

What Can You Do When the Lease Ends?

For your Honda financial lease return, you have three options to choose from. Did you love the drive? Feel free to buy the Honda vehicle you just leased—at the start of your contract, you agree to a residual value, which is what you’ll pay at this point. Also, sometimes the residual value is above market value, which allows you to sell the vehicle and profit—so keep this in mind before passing up on this option.

Want to waive some of the costs? Consider trading in for a new lease—it could be a new model year or a completely different style of vehicle, like jumping from a Honda Odyssey to a sporty Honda Civic Hatchback. If you get the lease started within 30 days of your return date, you can also receive a potential Loyal Customer Bonus to further help you eliminate some fees.

Your last option is returning your leased vehicle and ending your lease contract—with this, you pay any owed fees and call it a day. Also, check your lease agreement to make sure you don’t have any fees or penalties for an early lease return—a member of our finance team is also always happy to check your agreement for you to help interpret anything that doesn’t make sense.

Your One-Stop Honda Lease Resource—Near Callaway, FL

Looking for your top Honda lease return resource near Lynn Haven, FL? Choose Honda of Bay County as your Honda lease return center for virtually all your end-of-term needs. Plus, we’ll assist you in any way possible from walking you through what to do next or working with the Honda lease return grace period to help you keep everything on track—it’s only the beginning of what we can do for you as your local Honda dealer in Panama City, FL.