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Klein Honda in Everett Lease Return Center
What to Do at the End of Your Lease
We believe that leasing a car, truck, or SUV is a great alternative to traditional vehicle financing. Leasing offers flexibility and affordability, allowing you to drive a new vehicle without having to commit to a long-term loan. When the time comes for your lease contract to end, there are several different directions that you can go. Taking into account your personal finances and lifestyle will help you make this important decision and determine which option works best for you.
Our friendly team is here to answer your questions about lease returns and the several ways to move forward. You can simply trade in your current leased vehicle for another and sign a new lease contract—but that's not your only option. Continuing our partnership with you is important to us, but you are not obligated to lease another vehicle from us when your lease ends. Let's take a closer look at some of the other options available to you.
Your End of Lease Options
No matter which path you choose to take, it starts by ending your current lease. At the end of your lease, you return the Honda vehicle you've leased to us. There are a few simple steps we'll take before your return is complete and your lease is terminated. The vehicle will undergo a 30-minute inspection to evaluate its condition and determine if any excessive wear or damage is present. Once the condition of the vehicle is confirmed, charges will be settled, and you are no longer the lessee.
Lease a New Honda
The most common option is to return your current leased vehicle and begin a new lease on a new vehicle. This is a great option to avoid a long-term loan and the larger expenses in maintenance and repair as a vehicle accrues higher mileage and years of wear. The bonus is getting a brand-new vehicle with the most modern technology and luxury features available every two to four years, depending on your lease agreement.
Buy a New or Used Car
If you aren't interested in starting another lease, you can always purchase one of our new or pre-owned models instead. At Klein Honda, we are well-known for having a large selection of new Hondas and high-quality pre-owned vehicles. You can be sure that when you're shopping with us, we'll have the right car, truck, or SUV for your needs and budget. Our finance center is here to meet your lending needs with loan terms you can feel great about from one of our multiple lending partners.
Buy Out Your Lease
If you love your leased vehicle and are not ready to part with it, you can choose to buy out your lease. This can also help you avoid paying for excess mileage, damage, or wear that occurred over your lease period. When you began your lease with us, a predetermined purchase price was agreed upon at the time of signing; this means that you can know ahead of time how much it will cost to buy out your lease. That balance can be paid in full at the end of the lease contract or, in some cases, can be financed through our lenders.
Why Choose Klein Honda?
At Klein Honda, we take the stress out of car ownership with excellent leasing programs at great rates. Our friendly finance team is here to listen to your needs so you can navigate our incredible options and get behind the wheel of the vehicle of your dreams. When it comes to lease returns, there are several different paths that you can take, and we will work hard to make sure that you pick the right one for your needs. We're here to get you behind the wheel of a Honda so you can drive away happy!
Explore our new inventory online, and speak to an associate about our offers and incentives currently available. If your lease contract is still in effect, you can arrange a pre-inspection and appraisal of the vehicle to see what wear and tear charges or mileage charges you may incur. That way, you can decide which time is ideal for you to end your lease.
Vehicle Inspection
Before your lease ends, bring your vehicle from Marysville to Klein Honda in Everett for a free, but mandatory, vehicle inspection in our on-site service center.
During your 30-minute inspection, a certified inspector will go over your vehicle to determine if there are any chargeable damages or unusual wear that could result in fees. You’ll receive a notice of the inspector’s report, as well as a Notice of Option to make the repairs before the lease end date. You can determine whether you would like to take care of those or pay the additional fees when returning the vehicle. We recommend consulting with your insurance carrier prior to deciding.
Should you make repairs or incur additional damage, another inspection will be required before the vehicle is returned to Honda.
Owner Loyalty Perks
Thanks to Honda’s high resale values, your lease return is worth more, making it easier to lease the vehicle you want for cheaper. If you choose to upgrade to a new vehicle, we will work hard to ensure your lease payment is close to the payment you’re making now.
If you decide to purchase your leased vehicle, you won’t have to pay for excessive mileage, damage, or wear. The only costs you’ll be responsible for will be the predetermined purchase option price of the vehicle and incidental charges required by law. These charges will be clearly detailed in your Honda lease contract. These charges may include but are not limited to, vehicle registration fees, sales tax, emissions inspection fees, etc.
Customers can pay the balance in full at the time of purchase or finance the balance of the lease and vehicle value. In certain instances, the vehicle may be financed as a Certified Pre-Owned Honda, allowing buyers to take advantage of the benefits and warranties of Klein Honda in Everett Certified Pre-Owned program – including our Lifetime Warranty program.
If you decide to return your Honda leased vehicle, contact us before the lease maturity date, and we’ll help you complete the following steps:
- Inspecting Your Vehicle: As detailed above, a specialist will complete the 30-minute inspection and provide you with a copy of the condition report, allowing you to decide whether you would prefer to pay any wear and damage fees, or have the vehicle repaired.
- Filing Your Federal Statements: You’ll need to complete a Federal Odometer/Lease Termination Statement for our records.
- Confirming the Vehicle Condition Report: Review, sign, and date the vehicle condition report verifying that the current condition of the car matches the original inspection findings.