I am thinking about buying the car I already lease?

Question

I am currently leasing a Honda Pilot 04 ... I am thinking about buying it.. does any know how to go about it???

Answer 1

just tell them at the end of the lease

if you put more than the mileage limit (usually around 12000 per year) they may charge you something like 15c per additional mile

Keep in mind that they already determined the purchase price/value of car (after the end of the lease) before your lease started. So I would just advise you to check around; if you see cars that cost less than the purchase-option price stated in the lease contract then don't buy it. Just keep in mind that you have no equity in the car if you decline the purchase option.

If you see 04 pilots with mileage around what you have and they cost less, obviously you should decline the purchase option. A lot of lease returns get reconditioned to become [in your case, Honda] certified pre-owned vehicles. You may wish to look for those too.

Answer 2

Just make sure that you know what the car is actually worth at the end of the lease, minus wear and tear, so that you don't end up paying too much for it.

Since you have already invested a large chunk of money in it they should give you a bargain basement price if they are a respectable dealership.

Good Luck!

Answer 3

call honda fin. they can refinace the vehicle for you. if you go through a dealer they will mark up the rate. make sure the vehicle is worth the money you are paying good luck

Answer 4

tell the car lot you are leasing it from that you want to buy it. thats it. lots of paper work but you'll own it when you leave.

Answer 5

Contact Honda for instructions. My advice to you is don't do it but you are capable of making your own decisions

Answer 6

Depends on how much $ you got into it and how much more you have to dish out to get it as compared to buying a new one and consider financing it also.