Early lease agreement termination - Acura financial services

Talk to your dealer to see how they will help you.

How much incentive are you giving on the lease takeover ad ?
The easiest solution is to drop off your keys and pay the remaining obligated lease payments

I already spoke with the dealer and they’re giving less than the buyback amount even if the car is in pristine condition and under the allowed km. So the loss is huge.

As for paying all the remaining payments it’s gonna be the same as throwing money in the garbage.

Unfortunately, that is the worst case scenario.

Try to give more incentive on your ad and there could be someone looking to do this for 6-7 months of lease

Do you really need an SUV right now? In 10 months it's going to be another new model year change over and deals associated with it.

Never understood the lease takeover though, car depreciate with log curve while lease payment is linear, so anytime before lease termination date the car is worth less than remaining lease payments. So unless the offer include at very least the value difference, why would anyone want to take it over.

I’d prefer having a SUV for winter. I don’t like the way this car drives in snow it’s not very safe.

What I don’t understand is why AFS doesn’t allow me to terminate the least early. The car is worth less for them if I wait for the lease to end.

I’m guessing that you’re buying the SUV from a different dealership/brand. If you were buying from the same dealership then there’s a good chance they may be more flexible.

Thanks for the info. The contract ends in June next year so even if the dealership contacts me a few month that means I’m stuck with this unsafe car this winter which I’d like to avoid.

put it up at leasebusters, offer 3 months of payments for free, so they are getting 10 months for the price of 7. I bet it will be gone in a few days.

sethqc wrote: ↑Anyone had experience in early-ending their lease agreement with AFS ? I have a 2017 TLX AWD under the allowed km and ending in 10 months that I’d like to terminate so I can get a SUV. I posted the car on Kijiji and specialized lease takeover website but without success. So I’m evaluating the possibility of early-ending the lease agreement.

sethqc wrote: ↑ I’d prefer having a SUV for winter. I don’t like the way this car drives in snow it’s not very safe.

What I don’t understand is why AFS doesn’t allow me to terminate the least early. The car is worth less for them if I wait for the lease to end.

You already have AWD, so all you’re doing moving to an SUV is decreasing handling further via a higher centre of gravity. I think you need winter tires more than you need an SUV for winter performance.

In any event, the lease rules are set out in the contract you signed. The leasing company makes money on the financing - they’re not in business to speculate on whether a vehicle sale now is better than riding out the contract and which is optimal. They have no expertise in mid-contract vehicle valuations so it’s less risky to ride out the lease until the end.

A 2017 Acura TLX is not safe to drive in winter?! Look at other cars around you. There are much older and less expensive cars around, so are they all in a suicide bucket?

Perhaps it can be your driving skill? A bigger car and sit higher above the ground doesn't make you safer on the road. Did you even put winter tires on?

No car is safe in winter if you are driving the same way as you are in summer.


A lease is commitment, you agree to pay that much per month to drive the car for a certain period of time until it finish. If you want to switch your lease car to another, there is be a money loss in ANY scenarios.

By changing to a SUV, it is just helping you to feel MENTALLY better, however after a while, you will feel the same again if your winter driving skill doesn't change.

I have very good winter tires on this car (Blizzaks) and they are in pretty good shape. As for my driving skills I’ve been driving for more than 25 years in eastern Canada’s winter conditions and never had any accident.

This must’ve been the worst car I had for winter driving although it pretends to be AWD. Cars and SUVs I owned in the past with AWD systems were much safer than this car, you could actually feel that it was AWD. My next car won’t be an Acura or Honda for sure; their AWD system is cheap and inefficient.

I think you could look around at different dealerships if they are willing to wash your lease without penalty to you. I was able to negotiate a dealership to wash my lease (with a rear-end accident) without any penalty to me and on top get a good deal on a Volvo recently. I do want to add that my car was in good condition (exterior/interior and also had winter tires which i plan to sell on kijiji).

Just look around and see if you can negotiate a wash on the lease.

I know they make money in the interest they charge but my lease contract is at a zero percent interest rate (0.01%) so in this case AFS make no money on this.

sethqc wrote: ↑ I’d prefer having a SUV for winter. I don’t like the way this car drives in snow it’s not very safe.

What I don’t understand is why AFS doesn’t allow me to terminate the least early. The car is worth less for them if I wait for the lease to end.

What??? Do you have good set of winter tires on the car? Basically you should be able to drive any car in the winter with proper tires, even rear wheel drive. LOL, you want AFS just to forgo the contract and let you basically give the car back, you signed a legal binding contract and owe the $, so either do a lease transfer and include a larger incentive to get out of it OR pay the remaining payments and return the keys.

I do have a good set of tires on this car (Blizzaks). The AWD system is just bad and inefficient.

By the way my question was about getting out of the lease early and nothing else. Experience by other members dealing with AFS.

sethqc wrote: ↑ I know they make money in the interest they charge but my lease contract is at a zero percent interest rate (0.01%) so in this case AFS make no money on this.

They wouldn't be in business very long if that's how things worked - there's no profit in 0.01% interest. AFS makes money from Honda Canada when Honda Canada subsidizes the rate for you in order to make a sale. HFS also makes money by managing their risks and and cashflows and you're asking them to break their cashflow and add risk to them by taking your vehicle back early. They're not going to do that if you're going to get your next vehicle elsewhere.

You don't need AWD to be "safe" in winter.
If you have decent winter tires even RWD is manageable.
You claim to have good winter tires and you complain about the AWD system. But if you did not have AWD at all you should not have a safety problem so i do not understand how your vehicle is unsafe (and how you survived two winters with it and why this is not a well known issue with this car)?

Also an SUV is not inherently safer, so i suggest test driving the one you want during winter storms to see if it meets your standards.
Also you complain about the cost, by leasing and returning you are already paying crazy depreciation. Then an SUV will cost you extra to buy, plus its operating costs will be higher, plus its maintenance is more expensive. And if you trade it after the lease ends you once again paid crazy deprecation. So i fail to see why the money is a big problem here.