EvoFire
04-18-2017, 02:34 PM
I have a friend who just accepted a job in Seattle and will be starting in 2 months or so, and he currently owns a lease on a Honda Civic. I've been helping him evaluate his options as he's not a car guy, but I don't know everything there is to know about leases, so I'm hoping some one here can chime in. He will most likely need a car in Seattle as housing in Downtown Seattle is retarded.
What we understand is he can probably drive his car for about a month in Seattle while he settles down before he runs into issues with ICBC/CBP/DMV/Honda, etc. The car is 2015, lease runs until 2019 May/June-ish @ ~$240 a month and will be well under mileage.
I'm pretty sure we can't just keep the current lease and plate it in Washington.
option 1. Buyout the lease, import to states. I'm not actually a fan and I don't know what the import process would be.
option 2. Return the lease and lease a new car in the states. We aren't sure what the penalty is if there is any.
option 3. Try and find some one to take over the lease, and lease a new car in the states. Ideally the best option, but timing is a bitch and you can't stop insurance on a Honda lease(they don't allow it).
Other questions are, how hard would it be to get credit in the states? He brought up that credit is separate in the states to Canada and it doesn't carry over. Though I am in the camp that car credit is the easiest credit to get, and he'll have a good job/proof of employment and residence. Please chime in?
What we understand is he can probably drive his car for about a month in Seattle while he settles down before he runs into issues with ICBC/CBP/DMV/Honda, etc. The car is 2015, lease runs until 2019 May/June-ish @ ~$240 a month and will be well under mileage.
I'm pretty sure we can't just keep the current lease and plate it in Washington.
option 1. Buyout the lease, import to states. I'm not actually a fan and I don't know what the import process would be.
option 2. Return the lease and lease a new car in the states. We aren't sure what the penalty is if there is any.
option 3. Try and find some one to take over the lease, and lease a new car in the states. Ideally the best option, but timing is a bitch and you can't stop insurance on a Honda lease(they don't allow it).
Other questions are, how hard would it be to get credit in the states? He brought up that credit is separate in the states to Canada and it doesn't carry over. Though I am in the camp that car credit is the easiest credit to get, and he'll have a good job/proof of employment and residence. Please chime in?