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Honda, GM Say You Can't Sell Your Lease to Someone outside the Brand

Photo credit: UCG - Getty Images
Photo credit: UCG - Getty Images
  • If your lease of a GM vehicle is coming to an end, or if you plan to get out of your lease this year, your options have just shrunk. You're no longer able to take the best offer from anyone who's willing to buy the car. You now have to sell it back to GM.

  • Same goes for Honda and Acura. All three automakers are changing the rules at least through the end of the year.

  • Toyota is assessing the situation for its own lessees, and Ford has had a similar policy in place for years, reports Automotive News.

The tight supply of new cars is shifting how automakers are dealing with old cars. General Motors and Honda both recently changed what they will allow their customers to do with their leased vehicles. Instead of allowing customers access to any purchaser in the market, anyone leasing a GM brand vehicle, or a Honda or Acura, will now have to return the vehicle to a dealership from that brand when the lease is over.