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We leased a 2018 Clarity Touring in January of 2019. The MSRP was 37, we let the dealer take the 7,500 tax credit, and signed a lease agreement stating that the residual value of the car at the end of the lease would be 15,000.
So off we go today, to spend hours at Honda where they presented us with a finance agreement through our credit union, with a total that was thousands more than the payoff value.
Their figure included the 15000 RV, plus the last two lease payments, plus taxes. So far, so good, right? That's all kosher.
Then there was what was explained as the "mandatory" $500 Honda charges for any and all lease buyouts, whether you do it before the lease ends or at the end to fhe lease, the $850 gap insurance, and the $2700 extended warranty.
We sent them back to take out the extraneous charges and give us the figures based on the RV alone. An hour later the finance manager comes back to tell us that ooopsie, so sorry, Honda isn't letting anyone buy out their lease.
So, though we would like to keep our car, it seems that we cannot. Has anyone else run into this problem?
So off we go today, to spend hours at Honda where they presented us with a finance agreement through our credit union, with a total that was thousands more than the payoff value.
Their figure included the 15000 RV, plus the last two lease payments, plus taxes. So far, so good, right? That's all kosher.
Then there was what was explained as the "mandatory" $500 Honda charges for any and all lease buyouts, whether you do it before the lease ends or at the end to fhe lease, the $850 gap insurance, and the $2700 extended warranty.
We sent them back to take out the extraneous charges and give us the figures based on the RV alone. An hour later the finance manager comes back to tell us that ooopsie, so sorry, Honda isn't letting anyone buy out their lease.
So, though we would like to keep our car, it seems that we cannot. Has anyone else run into this problem?