thanks for the info guys!
Quote:
Originally Posted by ritchet
There are a lot of questions that need to be asked. I assume this is a closed-end lease with a predetermined residual value of the leased vehicle. It also matters who the lease is through. If the lease is not through Honda Credit it doesn't matter where the car is returned. Since it is a Honda and if the mileage is below the amount prescribed in the lease agreement, it is quite likely the actual value of the vehicle is higher than the residual value. In that case you could trade it early and not be upside down. Hope this make sense.
I not only sold cars but I have worked in Bank vehicle leasing. To recap: trading a lease in early is usually a bad idea but as I explained above, it works sometimes.
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It is leased through Honda Credit and the mileage is way below the prescribed amount.