lease
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Chicks dig my scent
Joined: May 2003
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From: Hickville, NC
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lease
When i got my car last year i got a lease, because the lower monthly payments were nice and i wasn't sure if i'd want to keep a civic for 10+ years. But i've decided that with it being a lease i'm limited to the things i can do to it...i want a faster car, i've been thinking of turboing this spring but it's impossible with it being a lease.
Is there a way that i could pay off the rest of the car now before the end of the lease period(48 months)?
And if i wanted another car, say a 6th gen civic with a lower monthly payment i could own and mod the hell out of could i return my civic back to stock and take it back to honda? Or would i have to pay a lot of money?
thanks for the help
Is there a way that i could pay off the rest of the car now before the end of the lease period(48 months)?
And if i wanted another car, say a 6th gen civic with a lower monthly payment i could own and mod the hell out of could i return my civic back to stock and take it back to honda? Or would i have to pay a lot of money?
thanks for the help
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iTrader: (1)
Joined: Aug 2001
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From: Aurora, Illinois, US
Rep Power: 0 The rules of your lease should tell you wether or not there is going to be a penalty to turning in on the lease early. And some dealerships will take a lease turn in early if you guarntee to buy your other car you want from them at that point right there.
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Joined: Jun 2002
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From: Huntington Beach, California, US
Rep Power: 0 You can mod your leased car as long as you are going to purchase at lease end (and it's an open-ended lease) or you can return it to stock conditions if you turn it in.
If you end your lease early, the only things you have to pay are any fees and taxes associated with turning it in AND the difference between the estimated and real depreciation of the vehicle. If you're on a 48-month lease and didn't put a lot down on the car, you probably are a little upside down on the car (I don't know the specifics of your lease, how long you've had it, what your payments are, how much you put down, etc). If you're not upside down, then trading in your lease early shouldn't be a problem or too costly.
If you end your lease early, the only things you have to pay are any fees and taxes associated with turning it in AND the difference between the estimated and real depreciation of the vehicle. If you're on a 48-month lease and didn't put a lot down on the car, you probably are a little upside down on the car (I don't know the specifics of your lease, how long you've had it, what your payments are, how much you put down, etc). If you're not upside down, then trading in your lease early shouldn't be a problem or too costly.
Thread Starter
Chicks dig my scent
Joined: May 2003
Posts: 1,185
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From: Hickville, NC
Rep Power: 0 I put 0 down and the payments are $228 a month. I've had the civic for 15 months and the rule is 12,000 miles each year within the lease, im about 1,200 over because two trips i had to take to virginia last month. But by spring i would be able to easily get it back to normal. Do you know about how much i would have to pay if i traded in?
thanks for all the help!
thanks for all the help!
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Honda Civic Forum
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civicdude
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Apr 30, 2003 08:43 AM
