Howdy from Cali!

dovantes said:

I am currently leasing a 2019 Clarity. My lease ends in early April. Prior to the Clarity I leased a 2016 Hyundai Sonata PHEV. This gives me about 6 yrs experience and many miles of experience in the PHEV arena. I am despairing a little as I approach the end of my lease that Honda has nothing for me to move into. I hope Honda stays in the PHEV business. I think the versatility of the PHEV's make them more fuel efficient and better for the environment than gas or electric only vehicles. I've looked at the other PHEV's out there but haven't really seen anything that compares to the Clarity EV range or price wise.

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Have you considered buying your Clarity at the end of your lease? You should be able to finance the purchase through your bank or credit union. You will probably pay less than what used Clarities are currently selling for. Don't do it through the dealer, contact Honda Financial directly.

2002 said:

Have you considered buying your Clarity at the end of your lease? You should be able to finance the purchase through your bank or credit union. You will probably pay less than what used Clarities are currently selling for. Don't do it through the dealer, contact Honda Financial directly.

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That's what I did with my 2018 Clarity PHEV since I love this car.

Do NOT go thru a Honda dealer as you will be hosed.

Go get a loan thru your CU.

Mine was 2.24% which beat out all the big banks including the stealer.

Note that others in your situation have shared here that their dealer outright lied to them about the lease termination. The market value of these things far exceeds most lease buyout costs, and dealers know this, so they'll say anything to get you to simply turn it in, so they can make a nice, tidy profit on the resale. Even if you don't want the car, you can exercise your buyout clause with Honda Financial directly, and turn around and easily sell it to a car-buying service (Carvana, Vroom, etc.) and pocket a few thousand dollars for your trouble. I'd keep the car, though.

As others above have indicated, a dealer need not be involved in the transaction, and will only muddy the waters.

Oh, and WELCOME!

Thanks to all for your advice. My CU is offering a 1.99 from 36-48 months. I also checked with Honda financial who the lease is through but it just took me through recorded messages. I saw 2 of the same vehicle for sale with more mileage for approx. 26K - 28K. The problem is that even though I can get more for it, there's really nothing to move into and prices are sky high. My guess is when the inventory improves the used prices will drop and I will be upside down in value. Oh well I do love the car (except the window to the trunk).

dovantes said:

Thanks to all for your advice. My CU is offering a 1.99 from 36-48 months. I also checked with Honda financial who the lease is through but it just took me through recorded messages. I saw 2 of the same vehicle for sale with more mileage for approx. 26K - 28K. The problem is that even though I can get more for it, there's really nothing to move into and prices are sky high. My guess is when the inventory improves the used prices will drop and I will be upside down in value. Oh well I do love the car (except the window to the trunk).

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Funny, I like the window through the trunk for one reason - they utilized the space behind the back seat headrests that is normally just wasted air. By raising the trunk ceiling they dramatically increased the trunk capacity. And having owned Prius's in the past, I was already used to it