Vehicle Lease Agreements may be assigned to and assumed by a third party, subject to the approval of Honda Financial Services (HFS). The following are standard to the program:
- Assumptions are NOT PERMITTED within the last six months of the Lease.
- It is the responsibility you the Customer to find third party to assume their Lease contract.
- If payment returns NSF from the previous account holder it is the responsibility of the new owner (assignee) to ensure the account is current.
- Once the assumption has been completed, the assignee accepts all terms and conditions outlined on the original lease agreement, which is legal and binding.
- More than one assumption may be completed on an account.
An assumption fee is applicable each time an account is assumed. The fee is made payable to Classic Honda for the amount $799.00 + TAX.
Note: Lease Assumption approvals and documents are only valid for 30 days from the date of approval.