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Need out of your lease?
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Do I Need Good Credit?
Visit our Credit Score page for info on what it takes to assume a lease.
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American Honda Finance Corporation (Honda Financial Services)
This lease company may allow lease assumptions.
Telephone: 800-457-9929
Transfer Restrictions: None
Buyer Credit Application Fee: $50
Lease Transfer Fee: $50
Original Lessee Remain Liable?: Yes (What's this?)
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Original Lessee Remain Liable:
While an unpopular policy, some lease companies will keep the original lessee on the lease contract as a second guarantor once the lease has been transferred. Since lease buyers must be credit approved by the lease company before taking over a lease, risk of default to the lease seller is minimized although not entirely eliminated.
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Does Security Deposit Transfer?: Yes
Other Information: If Honda Financial customer support tells you that your lease is not able to be transferred, call the 800# listed above and ask to speak with a supervisor about an exception. Make sure they notate your account that they will allow an assumption and then proceed to place your vehicle ad on LeaseTrade.com.
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