Turn in Your Lease or Upgrade and Ride

Take advantage of exclusive offers available through White Plains Honda Lease Return Program.

 

 

Explore Your End of Lease Options with White Plains Honda

Ending a lease should be quick, convenient and hassle free regardless of which option you chose. Here at White Plains Honda, deciding what to do with your leased vehicle has never been simpler. We will work with you to understand all your options and we’ll handle everything from start to finish in just one visit. 

Purchase Your Current Lease

Is your current lease too good to get rid of? Make it yours! Our finance team will start working on the best options available for you to ensure you keep your vehicle with you for the long run. 

Return Your Lease Hassle-Free

Ready for a new vehicle or not sure what is next? Our team will assist you in returning your lease to Honda with no questions asked. Schedule a lease return appointment and we will have you on your way.

Choose Your Next Honda

It’s time for a new ride! After your vehicle has been inspected, you can shop our large selection of inventory. When you lease a new ride from us, your loyalty gives you the advantage of exclusive offers you won’t find anywhere else. We will waive the disposition fee and give you two years free of oil changes and roadside assistance!

What Does a Honda Lease Buyout Actually Cost?

Beyond the residual value, plan for a few additional line items that are standard in any New York lease buyout:

  • New York State sales tax — applied to the full buyout amount
  • Title and registration fees — required to transfer ownership into your name
  • Documentation fee — charged for processing the purchase paperwork
  • Financing costs — if you're taking out a loan, interest over the loan term adds to your total cost

Our finance team will walk you through a complete cost breakdown before you commit to anything, so there are no surprises at signing.

Can You Negotiate a Honda Lease Buyout?

The residual value in your contract is fixed and cannot be renegotiated. However, there is still room to work in your favor:

  • Market value advantage — if your vehicle's current market value exceeds the residual price, you're effectively buying below market
  • Financing rate — this is negotiable; rates vary by lender, and our finance team can compare options on your behalf
  • Timing — initiating the process early gives you more flexibility and avoids end-of-lease pressure

The buyout price itself may be set, but how you finance it and when you act can still make a meaningful difference.

Does a Honda Lease Buyout Have to Go Through the Dealership?

Yes. Honda Financial Services requires that lease buyouts be completed through an authorized Honda dealership—you cannot process the purchase directly through HFS on your own.

At White Plains Honda, our finance team handles the entire process in one visit:

  • Pulling your official payoff amount from Honda Financial Services
  • Submitting your financing application and comparing lender options
  • Managing the title transfer and registration paperwork

If you're approaching your lease end date, don't wait. Contact our finance team or schedule an appointment today.

White Plains Honda — Lease Buyout FAQs

What is a Honda lease buyout?
A lease buyout is the process of purchasing the vehicle you've been leasing rather than returning it at the end of your lease term. Your original lease agreement includes a residual value—a predetermined purchase price—that gives you the right to buy the car outright. At White Plains Honda, our finance team can help you evaluate whether buying out your lease makes financial sense for your situation.
When can I buy out my Honda lease?
You can typically buy out your lease either at the end of your lease term or early, before the term expires. An early buyout may involve additional fees depending on your lease agreement. We recommend contacting our team several months before your lease ends so you have time to explore all your options without feeling rushed.
How is the buyout price determined?
The buyout price is based on the residual value established in your original lease contract—the estimated worth of the vehicle at the end of the lease term. This figure is set when you sign your lease and does not change based on current market conditions. In some market environments, the residual value may actually be lower than the vehicle's current market value, making a buyout an even more attractive option.
Can I finance a lease buyout?
Yes. Most customers finance their lease buyout rather than paying the residual value in cash. White Plains Honda's finance team works with a range of lenders to find competitive loan terms for your buyout. You can get the process started with our online finance application or speak with a finance specialist in person.
Is buying out my lease better than returning it and leasing a new Honda?
It depends on your priorities. If you love your current vehicle, have low mileage remaining, and want to avoid the costs associated with getting into something new, a buyout can be the more economical choice. On the other hand, if you're eager for updated features or want to take advantage of current lease offers, returning and re-leasing may be the better fit. Our team will walk you through both scenarios so you can decide with confidence.
What happens if I'm over my mileage limit at lease end?
If you've exceeded your contracted mileage allowance, you'll typically owe a per-mile overage fee upon returning the vehicle. Buying out your lease can eliminate that charge, since the overage is absorbed into the purchase price rather than billed separately. This makes a buyout worth considering for drivers who have gone over their mileage limit.
What is a disposition fee, and do I have to pay it?
A disposition fee is a charge Honda Financial Services assesses when you return a leased vehicle and do not lease or purchase a new Honda. The fee typically ranges from a few hundred dollars. If you choose to buy out your current lease or lease a new Honda through White Plains Honda, the disposition fee is waived.
Can I trade in my leased Honda instead of buying it out?
In many cases, yes. If your leased Honda has positive equity—meaning the current market value exceeds the residual value—you may be able to apply that equity toward the purchase or lease of another vehicle. Our team can assess your vehicle's current value and help you determine whether a trade-in makes sense. Use our Value My Trade tool to get an estimate.
What loyalty benefits do I receive as a returning Honda lessee?
Returning Honda lessees who choose to lease their next vehicle through White Plains Honda are eligible for exclusive loyalty benefits, including a waived disposition fee and two years of complimentary oil changes and roadside assistance. These offers are not available everywhere, so we encourage you to ask our team about all current loyalty incentives when you come in.
How do I get started with a lease buyout at White Plains Honda?
The easiest first step is to contact our finance team or complete our online finance application. Have your lease agreement handy so we can review your residual value and remaining term together. From there, we'll outline your options, answer your questions, and handle the paperwork—all in one visit to our White Plains dealership.