AskPatty Certified Female Friendly Logo
My Honda Accord lease is up in October of 2008, I would like to get a Toyota Prius as soon as I can. Is there any way to turn in my car earlier without charges so that I can buy the Prius?

Answers from the Automotive Experts

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) You are responsible for all remaining lease payments when you terminate a lease before the end. However if your dealer appraises the vehicle at a wholesale price that meets or exceeds your remaining liability you may be able to terminate the lease with no penalty to you. If your current vehicle appraises at a lower wholesale value than your current liability than they will most likely offer you the option of rolling the remaining liability into a new loan. Either way be very careful of the bottom line numbers and do not fixate on any other part of the transaction. Know what you can afford to pay on a monthly basis and do not exceed that figure.

Jenny Trostel, Partner at Anderson of Hunt Valley You can turn the car in early, but you will be responsible for the balance of the payments on the lease. Check the cost of ownership for the Prius, it may be higher because they can be more expensive to maintain than your Honda. Good Luck!

Lisa Schomp, Owner/CEO  at Ralph Schomp Automotive Nancy, Upon returning a lease you need to have the vehicle inspected. This can be done at any Honda dealer. However, you may want to call to see if you need to schedule an appointment. After the inspection, typically you would need to pay what is remaining on the lease before you turn it in. Throughout each region the Honda Manufacturer periodically runs a

Contribute to this question:

blog comments powered by Disqus

Related Honda Accord FAQs

  • My mechanic and I took the steering wheel column down and now we can’t get it ... Read More

  • I recently bought a 2000 Honda Accord with 126,583 miles on it, or at least, I thought ... Read More

  • 1996 honda accord when start it will start spinning and gradually get up to speed

    Read More
  • My honda accord 1994 automatic will not shift at times from first to second and now ... Read More

  • I have a 2004 Honda Accord lx & when I put my foot on the brake the AC goes down ... Read More

  • There is a flip switch by my fuse panel on the driver side of door of my Honda Accord. ... Read More

  • Why is the wire harness plug for the front passenger door of my 1993 Honda Accord ... Read More
  • It has about 1,8oo miles and is selling for 5,ooo Read More
  • I recently bought a 1991 honda accord ex station wagon with manual transmission and ... Read More
  • On the dash of my 91 honda accord by the rpm gauge is a key hole. What is it for? Read More

Need Car Advice?

Ask The Experts!

Looking for a New or Used Car?

Search for our Certified Female Friendly® Car Buying Marketplace locations

Help Our Charities