Early lease turn in questions

[Alan]

Ok so i took delivery of my 09' EX-L 4cyl in February of this year, my first choice wouldve been a 6 cyl but at the time it was out of my budget.

Since then I have been promoted at my job and therefore have the increased cash flow... I guess what im wondering is if I do find someone to transfer my lease to, will Honda Financial lease me another vehicle, or am I burning a bridge by giving my commitment to someone else?

I would really love a V6 Coupe... :|

[Neiklot]

imho not really worth the hassle of going I4 to V6 unless you know you can find someone that is willing to take on your lease. You'd probably have to check with HFS to determine if they have a lease transfer fee...may want to look into websites such as www.leasetrader.com, www.swapalease.com and other lease transfer sites to determine if you have any hits...as far as trading it in expect to get hit pretty hard...did you pay any money down to reduce your monthly during setup? if so expect to see NONE of that up front cash...

[BlueBlahBleh]

Save your money, count your blessings for getting a promotion/increased cash flow in a bad economy, and enjoy the car you have now. Just because you make more money doesn't mean you have to spend it right away. If you trade in the lease early, then you'll be losing out on a sizable chunk of hard earned $$$.

Ultimately, the decision is up to you. Give it some serious thought and make a decision based on what you think will make you happy, because only you can make yourself happy.

My 2 cents...


-Blue

[cjohn888]

Keep your car right now, you're in the losing end if you traded it in for a V6. Eventhough you can cover the monthly payment difference. If your keeping your car for a long time, leasing is not for you. Goodluck.

[chaqui74]

Keep ur car and keep the xtra cash for the GIRLS or u can mod ur ride .

[npolite]

Originally Posted by BlueBlahBleh

Save your money, count your blessings for getting a promotion/increased cash flow in a bad economy, and enjoy the car you have now. Just because you make more money doesn't mean you have to spend it right away. If you trade in the lease early, then you'll be losing out on a sizable chunk of hard earned $$$.

Ultimately, the decision is up to you. Give it some serious thought and make a decision based on what you think will make you happy, because only you can make yourself happy.

My 2 cents...


-Blue

Amen...I couldn't have said it any better. This is what got the economy in this mess in the first place. Save that extra cash and have it as an emergency fund. Keep the car until your lease is over then if you want to lease again get the V6.


And even if you find someone to take the lease off of you, you are still going to get dinged a good amount to cover the transfer/end of lease fees. If I was picking up someone else's lease I would have them pay for all of the transfer fees plus the cost of any dents, wear and a set of new tires.

[Alan]

Thanks for the input guys, I wasnt aware you would be penalized for transferring your lease... Honestly the whole idea was just a thought, I'll stay with the car til my lease ends.