Honda Canada lease takeover fees

Apr 26th, 2016 3:07 pm

#1

A320B767 [OP]: Sr. Member; Jan 15, 2014; 529 posts; 104 upvotes; Toronto

Apr 26th, 2016 3:07 pm

Hi and just wondering if anybody has dealt with a Honda dealership that doesn't charge another $400 over what Honda Canada does for a lease transfer. The HCF fee is like $495 plus another $400 from two dealers I called.

Thanks in advance.

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Apr 26th, 2016 4:30 pm

#2

michelb: Deal Fanatic; Jul 4, 2004; 6395 posts; 2574 upvotes; Ottawa

Apr 26th, 2016 4:30 pm

A320B767 wrote: ↑Hi and just wondering if anybody has dealt with a Honda dealership that doesn't charge another $400 over what Honda Canada does for a lease transfer. The HCF fee is like $495 plus another $400 from two dealers I called.

Thanks in advance.

I think it varies greatly by the dealership so just call a bunch. I did it earlier this year and I believe the dealership (ACURA) they used ended up charging about $500 but it was the buyer that found the dealership.

Apr 26th, 2016 7:03 pm

#3

A320B767 [OP]: Sr. Member; Jan 15, 2014; 529 posts; 104 upvotes; Toronto

Apr 26th, 2016 7:03 pm

michelb wrote: ↑I think it varies greatly by the dealership so just call a bunch. I did it earlier this year and I believe the dealership (ACURA) they used ended up charging about $500 but it was the buyer that found the dealership.

K thanks

Apr 26th, 2016 9:50 pm

#4

aleks: Deal Addict; Jan 8, 2007; 2843 posts; 1382 upvotes; Calgary

Apr 26th, 2016 9:50 pm

The fee was $450 for 2 Honda leases I had taken over. Both times that was the only charge. I've never heard of 2 fees. Did you call HCF specifically? Maybe this is brand new and came into effect just recently?

Apr 27th, 2016 5:14 pm

#5

mrweather: Deal Fanatic; Aug 29, 2011; 6584 posts; 3574 upvotes; Mississauga

Apr 27th, 2016 5:14 pm

Any way to make a buck...

Dec 13th, 2016 11:32 pm

#6

ron9349: Newbie; Apr 8, 2008; 83 posts; 43 upvotes

Dec 13th, 2016 11:32 pm

A320B767 wrote: ↑ Hi and just wondering if anybody has dealt with a Honda dealership that doesn't charge another $400 over what Honda Canada does for a lease transfer. The HCF fee is like $495 plus another $400 from two dealers I called.

Thanks in advance.

Hello A320B767,
I contacted Honda Finance and they said they charge $450 but dealership may charge extra fees.

Can you please tell me a dealership you used? What fee did they charge? Thank you

Jan 13th, 2017 10:25 am

#7

A320B767 [OP]: Sr. Member; Jan 15, 2014; 529 posts; 104 upvotes; Toronto

Jan 13th, 2017 10:25 am

Sorry for the delay. I ended up paying $950 plus tax at Oakville Honda.

Jan 13th, 2017 10:41 am

#8

Fjr2005: Banned; Mar 11, 2016; 2081 posts; 867 upvotes

Jan 13th, 2017 10:41 am

$950????? That would my ticket to lease a top of the line Toyota then post this BS alll over social media...ALL dealers called , Honda Canada, Honda Finance...Facebook and Twitter

May 2nd, 2019 1:08 pm

#9

baillieul: Deal Addict; Oct 8, 2007; 1443 posts; 385 upvotes; Bedford

May 2nd, 2019 1:08 pm

I know this is an old thread, but the local dealer in Dartmouth just jacked up their fees to $860 plus HST. A cool grand for shuffling paper. This will be the last Honda lease for me.

May 2nd, 2019 1:59 pm

#10

romeocanada: Sr. Member; Feb 21, 2010; 879 posts; 253 upvotes; Scarborough

May 2nd, 2019 1:59 pm

friend paid $750 (after an hour long negotiation) at Action Honda in the east end toronto. Original agreement had $450 but also had somewhere else that fees can change without notice.