I will check. I guessed I just thought that CarMax, Vroom, Carvana, etc., would be considered 3rd party and not dealers. But, maybe they are considered dealers as they do buy and sell cars.
I think the question they’re really trying to address there is “My neighbor Johnny wants my car for himself instead of me turning it in. Can he just buy it from you instead of me?”
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My father just sold both of his leased Hondas to CarMax with no problems. Both cars still had at least 6 months left on their leases.
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for a 2018 accord ? hard to believe
Honda will allow a CarMax buyout. I just hours ago sold a leased Acura to CarMax, which is Honda Motor Finance company.
Will post details on separate thread soon.
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If it wasn’t included in the payoff, you are going to get a little extra turn in fee’, on your final statement. Just don’t be surprised.
Your Offer $26,600*
Valid through Monday, 7/5/21
Offer Code 3RZK****
Your Car 2018 Honda Accord
I spoke with CarMax today, and like others have said they will buy out leases financed through HFS. They said they’ve heard rumors that Honda will be changing this, but nothing has come of it yet.
It’s a touring, it’s the top of the line honda accord trim. And yes they are offering over $25k for the buyout, I have just recently received the same numbers for my accord touring as well.
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Confirmed. Someone came to get a detail, paid $100 for a hand wash, hand clay + polish and glaze x3, ended up getting $5,700 at carmax two days later.
Hell of a time to lease a Civic.
Is that the 2.0 or 1 5??
I just checked my carmax offer
$25,500!
However looking for a new honda lease is impossible, every dealership selling at msrp. My payment on my touring is so low I’m going to extend it another year, I can’t even get a base no frills honda civic for the price I’m paying now.
And if I have to ill buy the lease out which if the low inventory chip shortage nonsense continues will still be cheaper than leasing a new car with the same options my car has.
Hell of a time to lease a Civic?
Meaning? That if you lease a Civic in 2021 you’ll be able to get rid of it in 2024 with $5000+ equity???
Or did you mean it was hell of a time to lease a Civic 2 and half years ago and some how end up with $5000 in equity in 2021?
The second one. Someone with a pickup got 7k+ but that’s likely not gonna stick.
Then again, who would bet against a civic?
1.5 with about 28k miles.
I contacted Costco Auto and they put me in touch with the local Honda dealership they work with. I gave the Salesperson a few different vehicles I was looking at, and he sent back pricing, which was basically MSRP and said the Costco discount was $500 off of that price.
I would like to keep the Accord but we need something bigger. When I got the Accord there were just two of us. Now, there are two of us, plus three dogs, so doesn’t really work as well anymore.
I loved my ‘18 1.5T Touring. Just got totaled but they appraised it right around what your trade-in prices were but at 37k miles. Got a nice chunk from it back despite only have 4 months left on it.
I think now Honda wont allow me to sell a leased car to places like Carmax. At least in CA. But I wonder the two options of yours, dont you need to pay sales tax when buying out the lease? which could be around 2k?
I called honda, and they said my payoff amount on my monthly statement includes the taxes in the county I reside in. Right now my payoff is around 21k. Lease goes back in 4 months so my payoff will be about 20k.
Usually varies by state as to if the buy out includes tax or not.
I made my payoff with Honda, and no taxes were added to the payoff amount. I did a bank transfer for the payoff amount, and it’s showing that it is paid in full. I sent in the Odometer Disclosure Statement, and now I am just waiting for them to send the title.
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