Is it possible to change a lease car to financing it?

How would I go about doing this..:dunno:

I would imagine you'll pay a lease termination fee and then you can finance whatever the residual is at the time off the termination.

You'll probably lose more money if you terminate the lease now, instead of finishing it out. After you're done with the lease you can either just purchase another new Accord, or pay the residual value of your current one (ie financing it). Probably cheaper to just finish your lease and buy a new one, since there will be alot of penalties and fees.

yeah, i imagine there will be fees..im going to the dealership tomorrow to cut my key, im going to stop by the guy who leased my car and talk to him

street lights, anything can be done with creative financing, just be sure to read fine print, monthly payment amount, number of payments, any prepayment penalties, finance charges, taxes (sale is different than a lease), maintenance expectations, general ageement between parties, and value to you, Regards

Richard

What they'll do is take your payment X the months you owe, then add the residual amount. Then they'll try and add the admin fees etc.

so i can do the financing straight through the dealer correct? I wont have to go to the bank and ask them?

so i can do the financing straight through the dealer correct? I wont have to go to the bank and ask them?

Chances are it will have to be a bank. Here in Canada you can use Honda on certified used with a low interest rate. In that senario the dealer would have to buy back the car from you, then sell it to you after it past the Honda Certified specs. I believe it can only Certified if all it's regular maintenance is done at the dealer. How many payments you have left? It may be cheaper just to go with a new one.

i still have a lot of payments left..its a three year lease and ive had it since july

I ended my lease 2 months early and changed it to a finance with no early termination fees. Honda has a payoff amount and either you or the bank pays that and that is it. As long as Honda gets full payment for the car including all taxes you should be set.

I went to my honda dealer and you fill and credit app and they give you offers. I got my rate at 5.95 which is not bad for a used car.

You have to contact Honda Finance and ask them what your payoff is. Once you know that amount you send them a check for that amount. How you come up with the check is up to you.

Going through your bank is a better idea than the stealership as I'm sure the stealership will charge you fees for paperwork (and there is NO NEED to go through them). There shouldn't be any early termination fees either.

well i think im going to go to the dealership and talk to the guy who i initially leased the car from and see what he says, im not going to put anything in writing though, yet

since the lease is still pretty new i hope they dont give me problems and hit me with all these fees