If I lease or purchase a new Honda or Acura 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 lease payments owing, personal property taxes, late charges, fines, etc.
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.
