Leasing a Honda is often an attractive choice due to its affordability and reliability. However, when the lease term comes to an end and you decide to purchase the car, you might find yourself hit with additional charges that were never disclosed in the original lease agreement. These hidden fees can lead to a significant increase in the total cost of ownership.
What Fees Should You Expect at a Honda Lease Buyout?
Although Honda’s lease agreements are designed to provide a clear path to purchase, many consumers report being charged unexpected fees during the buyout process. These additional costs can include:
- Pre-delivery Inspection Fees: These charges are for inspecting or “preparing” the vehicle for sale, even though you’ve been driving it for the entire lease period.
- Document Processing Fees: Some dealerships may charge excessive fees for paperwork that should be a standard part of the leasing process.
- E-Filing Fees: In some cases, dealerships charge inflated fees for electronically filing the necessary documents when, in fact, the process should cost very little.
- Inspection Certification Fees: Dealers may claim that a third-party inspection is required for the vehicle’s certification, even though the car is already in good condition and has been in your possession.
These fees are often added to the buyout price without clear prior disclosure, leaving consumers with a higher-than-expected final cost.
Your Rights Under the Consumer Leasing Act
The Consumer Leasing Act (CLA) mandates that all fees related to the lease and its buyout, including additional charges, must be disclosed at the time of lease signing. If you’re confronted with fees that were never outlined in the agreement, you may have grounds for legal action.
Here’s how you can protect yourself under the CLA:
- Fee reimbursement: If you’ve been charged unjust fees, you can demand a refund.
- Attorney fees: In some cases, the dealership may be required to cover your legal costs if the CLA is violated.
- Statutory damages: You may be entitled to statutory damages up to $2,000 for each violation.
How Baron, Herskowitz, and Cohen Can Help
At Baron, Herskowitz, and Cohen, we’re committed to defending consumers against hidden fees and unfair leasing practices. If you believe your Honda dealership has charged undisclosed fees during your lease buyout, we offer free consultations to help you understand your legal options.
Contact us at 305-670-0101 and let us fight to ensure you’re not overcharged at the end of your lease.
