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Old 15 May 2008, 03:20 pm
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Default How to get out a lease from Honda Financial Services?

I leased a 2007 Honda Civic Si Coupe for 42 months in December 2007. I am planning to move out of the country soon and was looking into transferring my lease or get out of it without hurting my credit. I called Honda Financial Services and was told that they do not allow lease transfer. They told me that I will have to find a dealer that is willing to buy my car. I've tried going back to my Honda dealer to see if they would take my car and was told that I would need to pay $7000 for the price differences. I don't have the money to do so I need to find an alternate option. I've searched online for tips and suggestions from people but I'm not sure which one would actually work out. Some people suggested selling the car privately and use that money to pay Honda as a buy-out option. I've also looked into Swapalease or Pricealease website but couldn't use their services because Honda Financial Services doesn't allow lease transfer. Interestingly, I saw someone posted a lease transfer ad on one of the website who leased from Honda Financial Services. After seeing his ad, I wonder if Honda is telling me the truth? Does anyone have information about this? Any help is appreciated, thanks!
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Old 03 Jul 2008, 05:15 am
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Default Re: How to get out a lease from Honda Financial Services?

It seems that people are finding a work-around to this dilemma. You'll see many leased hondas advertised on websites like leasetrader.com. I would also like to see more information on creative exit options as I would like to get out of my 2008 Honda Accord EX, 36mo lease with 28mo remaining. Any suggestions might be helpful.
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Old 05 Jul 2008, 03:52 pm
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Default Re: How to get out a lease from Honda Financial Services?

Hey guys, I'm in the same boat. Most of the lease transfer ads u saw on those lease trade sites are actually re-leased ads. Notice how they all have a full 36 months? You have to pay like a few hundreds and they basically pay yr payoff with funds from a new lease from another financing institution. These websites can do that bcos they have a dealer license. The new buyer is then tied to this new lease. It's a bit expensive but better than losing $$ at dealers. The downside is most people don't want a full 3 years lease like this when they can get new cars for the same $$ from dealerships. But if u have like over 30 months like u said, u might wanna check it out.
I'm also wondering if someone can buy the car by doing a lease transfer and then pay the payoff. Lease transfer is possible upon request but u will remain liable. What i wanna know is after doing lease transfer can the buyer pay it off and get the title under his name? It says on Honda website that only original lessor can do payoff. Does that mean NO to my question?
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