Honda Car Forum

I have an accord lease which is completed in July of 2009.

My wife and I went out car shopping this weekend for its replacement
(probably a used Pilot).

Questions: The buyout on the lease is $13,500 (2006 Accord). We are
over by 12,000 miles ($.15/mile)=$1800 right now. Plus $2200 in
payments (7 payments of $330).

If we "buy out" the lease, do we still pay the milage penalty? Can I
turn the lease into any Honda dealer, or does it have to be the one I
bought it from?
Could I sell a 2006 accord for $13500 to save me the $1800 in milage
penalty? 57000 miles on it now, expecting 63000 miles in July.

Is there a better place to ask this question?

Car has scratches on front and rear fender, so the two dealers we took
it to suggested we owe MORE than the $4000 above to fix the car.

I drive a Ridgeline and it had scratches on its fender from hitting
mosquitos... so I consider that normal wear and tear, the dealers did
not.

In article
<2da8c6ef-8ce2-421a-a3d5-3bda4452eb07@r24g2000vbp.googlegroups.com>,
jIM <noreplysoccer@hotmail.com> wrote:

> If we "buy out" the lease, do we still pay the milage penalty?

No.

You owe either of:

* the car, in "good" condition, at or under the miles specified in the
contract

* the amount of money specified in the contract

Your lease contract spells it all out. Read it, word for word (if you
haven't already). A lease is simply a finance contract with lower
monthly payments and a large balloon payment at the end. Satisfy that
balloon payment with the car or with cash.



> Can I
> turn the lease into any Honda dealer, or does it have to be the one I
> bought it from?

What does your lease contract say?



> Is there a better place to ask this question?

Your lease contract is the ONLY source of information.