I called Honda Finance today and asked what the buy out on my leased 2003 Acura RSX type S. She told me that leased vehicles we cannot disclose the information over the phone due to privacy laws. I am assuming it is because HONDA owns the vehicle. The rep said she would fax it to Acura and they would be the one to tell me so i agreed. 5 mins later i received a call telling me that it is not a lease, it is registered as a loan. Of course i suprised, and she verified all the information, and it was all correct. On the ownership it only has my name on it. I called Honda Finance back and spoke with another agent, and she told me the exact same info. If this is a loan, and i am currently paying $505 taxes in with absolutely nothing down, not even a deposit, and the term is 5 years, i got a pretty good deal for the car. If anyone has any input or could shed some light on the subject it would be greatly appreciated.

Thanks in advance

 

All the ownerships I have seen, that are leased have the leasing company as the owner ... If you are listed as the owner on BOTh sides of the owenrship, guess what, your the owner

 

if 30grand is a deal then good goin!

 

well if you compare it to prices of brand new rsx's then yes it is a deal..

 

Maybe.

There are financing options in use by auto makers that mimic lease payments but place ownership of the car in the name of the purchaser.

At the end of the agreed-upon term, the purchases must then make a balloon payment, similar in concept and amout to a buyout at the end of the lease.

If this is that kind of financing option, then whether or not it is a good deal depends on the end-of-term balloon payment.

 

At the end of the term I'll "buy out"