Lease End FAQ
Fischer Honda Lease-End FAQs
Make Your Lease-End Experience Worry-Free
At Fischer Honda, we aim to make your lease-end experience as smooth and stress-free as possible. Below, you’ll find answers to frequently asked questions to help you confidently navigate your next steps.
1. I’m over mileage. What should I do?
We get it. Life changes and sometimes you end up driving more than you anticipated. But not all hope is lost, as there are many ways that we can get around over mileage fees. Reach out to a Fischer Honda sales representative or stop in to discuss your options as soon as possible.
2. My vehicle is damaged. Will Honda bill me for the damage?
It depends! If just turning in your vehicle, Honda has a damage waiver of up to $500. If trading in your leased vehicle for another Honda, you will not be billed but the estimated damage amount will reflect in your trade-in value.
3. Can I turn in my lease early?
Yes you can! But you will still be responsible for the remainder of your payments.
4. Can I trade out of my lease early and get into a new Honda?
Absolutely! With Hondas holding their value so well, we have a lot of cases where customers even have equity! See a Fischer Honda associate for a 15 minute trade evaluation today!
5. I didn’t lease my vehicle from Fischer Honda. Can I still turn in my lease to you?
Absolutely! Whether you have leased your vehicle from Fischer Honda or not, we welcome all customers to turn in your lease to us! We will even pay you to do so!
6. What lease-end fees should I expect?
It depends! Trading in your leased vehicle to Fischer Honda will rid you of any lease ends fees. If just turning in and walking away from Honda, you can expect a bill for your $350 disposition fee, any over mileage fees, and any damages/wear and tear that exceeds $500.
7. I’m moving to a new country before my lease expires. What should I do?
Schedule an appointment with us today to see if we can buy you out of your lease early!
8. I want to buy my lease out at the end. Where do I start?
We can facilitate that process for you! Contact an associate today to get started!
9. Do I have to pay cash to buy out my lease, or can I finance the balance?
No you do not! You can either pay cash or finance the remaining balance!
10. I’m over mileage but plan to buy my lease out. Will I still be charged over-mileage fees?
No you will not! Since the vehicle is not going back to Honda, that rids you of any over mileage/lease end fees.
11. My credit has worsened since starting my lease. Can I still lease another vehicle?
It’s still very possible! But every situation is different. Contacting an associate would be best so that we can navigate your specific situation properly.
12. Do I have to wait until my lease expires to buy it out?
No you do not! You can purchase your lease at any point in time during the lease. But just keep in mind that the earlier in the lease that you buy it out, the higher your purchase amount will be compared to your residual value.
13. Can I extend my lease?
In some cases, yes you can! Please reach out to Honda Financial services to discuss your options.