Returning/Trading in a leased car

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So this isn’t my first car its just I was younger when we leased my first two so my parents basically took care of everything and I just signed my name. I am now moved out and my lease is ending in a month. In this instance I have a lease on a Honda accord, and plan on trading it in for something new. Do I have to return it to the same Honda dealer or can I go anywhere say trade it in to Nissan, Chevy etc.

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3 Answers

Anonymous 0 Comments

You need to give it back to whoever you are leasing it from, as they own it. The car is not yours to trade in like it would be if you owned it.

There would be no reason to attempt to trade it in for a different brand car, anyway. You are not getting anything when you trade it in. Your lease ends and that’s it, you stop paying, unless you decide to buy it, as the other comment mentions.

You can return it to Honda and then walk across the street to Chevy and lease one of their cars, if you would like. There’s nothing keeping you at Honda, unless they offer some sort of returning customer discount or something.

I don’t know what your credit situation is like now, but you might find that it’s more difficult/expensive to lease now that your parents are not cosigning (I assume they cosigned your current lease).

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