Manage the end of your lease to your advantage
Toronto Honda is an Authorized Honda lease drop off Centre. Even if you didn’t lease your car from us, we can help you navigate through all the lease end details
Approximately six months prior to the end of your lease, you should start to assess your end of lease options to minimize potential costs.
We will help you understand the obligations you have under your lease agreement. In some cases you can simply walk away. In others a relatively small investment in cleaning, bodywork or wheel repairs will minimize excess wear and tear charges. We can do this work for you at very competitive prices.
When you turn in the vehicle you should bring the following items:
- All keys (2 master, 1 valet) and remotes
- Owner’s manual and maintenance records
- Vehicle Inspection Report, if applicable
- Receipts for completed repairs, if any
- Key for wheel Lock-nuts, if any
- All equipment and accessories that came with the vehicle including spare wheel, tools, mats, etc.
For lease end assistance, please contact our Leasing Manager at 416-423-2300.
Your Lease End Options:
Option 1: Return your vehicle and lease a new one.
This option is convenient, easy, and best of all, you get to drive off in a brand new Honda! Through our loyalty program, we may be able to offer you special rates and terms when you enter into a new lease.
Remember, you will still need to schedule a free vehicle inspection during the last two months of your lease. This allows you the necessary time to have any excess wear and tear repairs made. You will also be responsible for any outstanding payments, excessive mileage, and any other end of term obligations specified in your lease agreement.
Option 2: Return your leased vehicle and purchase a certified used vehicle.
Certified Used Vehicle (CUV) programs offer significant advantages over used vehicles that are not certified. The decision to buy a certified used vehicle is clear – new vehicle benefits at a used vehicle price. With a solid reputation for reliability, performance, safety and value, a Honda Certified Used Vehicle is truly a great opportunity. With a Honda Certified Used Vehicle, you’ll also have access to financing options through Honda Financial Services.
Option 3: Purchase your leased vehicle.
Buying your leased Honda is a great way to continue benefiting from its reliability, performance, and high resale value. However, before you decide to buy your vehicle, we suggest that you have it inspected. The free inspection may provide some value added information that could impact on your decision to buy.
To find out your purchase amount, you can get a payoff quote 24 hours a day, 7 days a week through our Owner’s Website (www.myhonda.ca) in the My Finance section. Or you can simply call our Leasing Manager for assistance. Be sure to ask us for a Honda Financial Services loan to help purchase the vehicle.
Option 4: Return your leased vehicle to us.
If you select this option, your lease concludes when you turn in the vehicle to us. You will need to schedule a free vehicle inspection during the last two months of your lease. You will also be responsible for any outstanding payments, excess wear and use, excessive miles, and any other end-of-term obligations specified in your lease agreement. If you choose this option, please call the Leasing Manager to book a lease return appointment.