Can You Trade In a Lease to Another Dealer?
Do you currently lease a vehicle with a lease-end date approaching soon? It’s only natural that you’d want to begin planning your next steps to conclude your lease. One of the most common questions that we get here at Germain Honda of Beavercreek relates to returning a leased vehicle from a brand other than Honda. If you’re wondering, “Can I trade in my leased vehicle to another dealership?” – you’ve come to the right place. We can help you get out of your current lease and behind the wheel of the new Honda you’ve had your eye on.
Can I Trade-In My Leased Vehicle?
Yes! Just because your vehicle is leased doesn’t mean that you’re unable to trade it in on your next new vehicle. In general, your lease is held by the bank instead of a specific dealership. This means that another dealership typically has the ability to purchase your leased vehicle from the bank. Our team at Germain Honda of Beavercreek has experience with these types of situations and can work with you to trade in your leased vehicle.
My Vehicle Is From Another Brand. Am I Able to Trade It In?
Have you decided to make the switch from a different brand to a Honda vehicle? You’re certainly not alone! As we mentioned above, the bank likely owns your leased vehicle and we can work with them to purchase your vehicle and conclude your lease. In some cases, you may even qualify for a special incentive just for making the switch to Honda. Either way, our team is standing by to help you trade in your leased vehicle for your next new Honda today!
What if My Lease Buyout Is More Than It’s Worth?
Contained in your lease contract is a predetermined price at which you can typically purchase your vehicle. If you compare that purchase price with your vehicle’s current value, sometimes there can be a difference. There are occasions when you may be permitted to roll the remaining balance into your next new lease or purchase. Our team of finance experts is standing by to provide you with your options and to help you choose the right scenario for your financial goals.
Germain Honda of Beavercreek Is Here to Help!
Still not sure what option is best for you? Even if you currently lease another brand of vehicle, we’re confident that we can help you make the switch to a new Honda. Our team of friendly and knowledgeable finance professionals has the experience and resources to tailor a lease or purchase to match your financial needs. Below, you can browse a selection of our top car-buying advice topics.