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Payoffs
Inspection, Wear and Use
Payoffs
Is my lump sum, end-of-term purchase price negotiable?
No, this amount is determined prior to the beginning of your Leadership Purchase Plan™ and is included in your contract.
How can I get a payoff quote?
Payoff quotes are available online through our online Account Access or by calling our Express Payoff System at 1-800-708-6555.
If I decide to pay off my vehicle, when will I receive my title?
If there is no outstanding balance on your account, the title will be mailed upon receipt of payment. It is important to verify Honda Financial Services has your current address on file to ensure you receive your title.
Inspection, Wear and Use
When should I have my vehicle inspected?
The inspection should be completed in the last two scheduled months of your contract. That way, you'll have time to take care of any repairs yourself. Or, if you choose to have us make the repairs, you'll understand exactly what you're being billed for.
Why can't I just have my dealer perform the inspection on my vehicle?
Only authorized inspectors can provide an End-of-Term Inspection. The Lease Maturity Center will be happy to provide you with the nearest authorized vehicle inspection facility.
How long does the inspection take?
In general, about an hour...less if your vehicle is free of excessive damage.
Do I have to be present during the inspection?
While it's tempting to hand over your keys and let the inspection proceed without you, we encourage you to be present for it. Your presence at the inspection will allow you to have a greater understanding of the results, and of any charges your vehicle may be assessed. Since you'll be asked to sign the report, you'll want to be present as the inspector looks at the vehicle. Additionally, you'll receive a copy of the report for your records. If you simply can't be present for the inspection, enlist someone who knows your vehicle well to be there.
Do I have to take care of the repairs before I turn in my vehicle?
It's up to you. Your Honda automobile dealer, or another repair facility, can handle the repairs, keeping in mind that use of genuine parts is a requirement of your Leadership Purchase Plan™ contract. You may also return the vehicle without making repairs. However, you will receive a bill for the cost of excess wear and use.
What if something happens to my vehicle between the time it's inspected and I turn the vehicle in?
Your vehicle is subject to a final inspection after you turn it in, so if a problem arises after your preliminary inspection, you may still be liable for it. However, sometimes damage or malfunctions can't be detected during the inspection, or an unexpected condition arises after your vehicle is inspected. If you receive a bill for charges with which you're not familiar, contact a Honda Financial Services End-of-Term Consultant at 1-800-708-6555.
If I make repairs after an initial inspection, do I need to have my car inspected again?
No. However, when you return the vehicle you will need to provide receipts or repair orders that indicate what repairs have been done.
If I lease or purchase a new Honda and trade in my current vehicle, am I still liable for any end-of-term charges?
You may be. If the dealer purchases the vehicle as a trade-in and makes a full payoff, your obligation for excess wear and use, excess mileage and disposition fee (if applicable) is waived. However, you are still responsible for outstanding items such as payments owing, personal property taxes, late charges, fines, etc.
Can I pay my final (end-of-term) bill with a credit card?
Yes. Please call 1-800-708-6555 for instructions.
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 ©2010 American Honda Finance Corporation.
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