Looking for a lease takeover or lease buyout?
Break your lease the easy way and sell your leased vehicle to Westwood Honda. Fill out a few details about your car, schedule an appointment online and we’ll handle your lease buyout – that’s it!
Sell your leased car to Westwood Honda
Get a firm offer online
It only takes 1-2 minutes to fill out a few details about your car and get a firm offer. Any difference between that value and the lease buyout goes in your pocket.
We’ll buy out your lease for you
We’ll pay the dealership out for your lease directly. No need to visit the dealership.
No repairs or prep needed
No advance cleaning, repairs, or tune-ups required when selling your leased car to us. We will buy your car just the way it is!
Why sell your leased car to Westwood Honda?
Let us take over your lease and complete the buyout. Here’s how it works:
Avoid dealing with dealerships, financial institutions, or other parties. You only need to work with us for a seamless experience.
Don’t worry about buying out your lease before selling. We handle the financial aspects, so you don’t need to come up with the cash.
Save money by avoiding the 13% tax normally associated with lease buyouts in Barnet Hwy, Port Moody. With Westwood Honda, there’s no tax on the buyout.
Leave the lease management and paperwork to us. We handle all agreements and process the necessary documents.
Forget about cleaning, detailing, or repairing your car. Our in-house professional auto detailers handle everything.
Skip the hassle of organizing and paying for a Safety Standards Certificate. We take care of that for you.
Experience a laid-back selling process with no last-minute haggling or high-pressure upsells into a new car.
Receive your payment quickly. We deposit cash into your bank account within hours of selling your car.
Here are the makes we acquire for lease buyouts:
- Acura, Genesis, Honda, Hyundai, Infiniti, Kia, Mazda, Mitsubishi, Nissan, Subaru, Toyota, Volkswagen, Audi
Choose Westwood Honda for a straightforward, convenient, and customer-focused way to sell your leased car.
Understanding Lease Buyouts
A lease buyout, also known as breaking a lease, is the process of purchasing your leased vehicle from the leasing company. Instead of returning the car at the end of the lease term, you pay the remaining value of the car, known as the residual value, along with any applicable fees. This allows you to own the vehicle outright.
A lease buyout involves paying the leasing company the residual value of the vehicle, plus any remaining payments and a purchase option fee if applicable. The residual value is predetermined at the start of the lease and reflects the car’s estimated worth at the end of the lease term.
A lease takeover involves transferring your existing lease to another person, who then takes over the remaining payments and terms of the lease. In contrast, a lease buyout means purchasing the leased vehicle outright, either at the end of the lease term or earlier.
The buyout price includes:
- Residual Value: The car’s estimated worth at the end of the lease.
- Remaining Payments: Any payments left on the lease term.
- Lease Buyout Fee: A fee charged by the leasing company for the buyout option.
These values can be found on your lease agreement.
At Westwood Honda, we charge a one-time fee that covers everything involved in buying out your lease, including the lease buyout fee paid to the leasing company. This fee ranges from $999-$1499 and depends on the make of vehicle.
Selling your leased vehicle to Westwood Honda is a straightforward process:
- Get an Instant Offer: Visit Westwood Honda website and enter your vehicle details to receive a firm offer.
- Accept the Offer: Review and accept the offer if you’re satisfied with it.
- Provide Lease Information: Supply Westwood Honda with your lease buyout letter.
- Schedule Appointment: Schedule an appointment to sell your leased vehicle to Westwood Honda.
- Complete the Buyout: Westwood Honda handles the lease buyout payment directly with the leasing company, covering all remaining payments and fees.
- Vehicle Transfer: Drop off your vehicle at a designated location or arrange for Westwood Honda to pick it up.
- Get Paid: Once the buyout is complete and the vehicle is transferred, you will receive your payment via e-transfer.
Ready to sell your leased vehicle?
Get extra cash in your pocket by selling your leased car to Westwood Honda and maximizing the money you get.