Quote:
Originally Posted by jrref
I have a leased 2019 Honda CRV with very low milage. The lease is finished this coming April and we want to terminate it early since we want to downsize to one car. With all the new and used car shortages what's the best way to approach the dealer? Does it make sense to get someone privately to buy out the lease and purchase the car? With all the negative talk about Jenkins lately are there any other Honda dealerships close to the Villages to work with?
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We just finished a lease buy out in August with Honda.
Call Honda financial and ask for a lease payoff. Phone number on statement. Have your most recent statement with account number etc available. Based on numbers determine if you want to cancel early. The cost will be the lease buyout price + the payment cost from 5 months.
We then sold the vehicle ourself. Our resale value was $8,000 more than our lease buy out value. A WIN for us.
If you go to any Honda dealership they will do this for you and then charge you $1000+/- as a lease cancellation fee.
You then walk out the door. They get the car which they will resale for more than they pay for it. Easy but you LOSE.
It's an easy process, then you can sale the car yourself or sale it to CarMax.
I would avoid Jenkins for this, not worth the time and stress they cause.