Previously on a few occasions I'd sold my leased vehicle a few months before the end date and paid off the balance. Because I don't put on many km I usually can pocket a thousand or two. I did also sold a financed BMW 1.5 years in and thankfully got some $ back. Now what if I am 1.5 years into my 4 year lease (17 Civic CVT 1.5T)? If I sell the car do I need to pay it off in a certain amount of time? We chose to lease as the rate was 0.9% vs 1.9% and the plan was to buy it out at lease end. However as mentioned I don't drive enough and we are thinking we might look into a 04-07 TL or TSX.
We understand with an older vehicle there will be maintenance costs to factor in as well as higher gas consumptions on the two mentioned models. They also require premium gas and I am aware of the early Honda/Acura automatic transmission issues. Lease on our Honda is about $4000 a year. Trying to decide if it make sense to 'downsize' or stay put.