Always do. Normally, I go for a 48 mth lease with a 16K km allowance. That keeps the payment as low as possible. But at the onset the intention is to let it go when the equity meets the buyout. So it depends on the vehicle and the rate of inflation. 2022 MDXs still have a demand in the used market. I'm $2K positive on it right now after 27 months.
On the flip side, the 2022 Armada is $10K underwater. Acquired both vehicles at the same time. September 2021. The savings grace is that the daughter in law loves the vehicle. It's got 21 months left. The payment is $886 tax in. Going to Krown it in the spring just in case. The buyout is low $30Ks. It will have about 90K km on it. The carbon tax increases will hurt on a V8 vehicle weighing 6000 lbs., but that's only temporary.
My son and I are obsessed with 2 lane rural highway wrecks because they happen here often. So he sent tenders out for a base GLS. With zero down, 48 mth term .... $2400 mth. I was a good lesson in reality. GLE, too small, still $1950. mth. Same lesson.
To answer your question specifically. I don't terminate the lease. I don't talk to Honda Credit. Whoever the Acura dealer is, they pay the buyout. I walk in, the new MDX is already plated, I drive away with my old plates which I later re-install and turn the old ones back into the Ministry.
As of last night the wind had gone out of my sales after haggling with the current dealer at Downtown Acura Toronto. A new dealer that my son use to work with woke me up this AM. He's located just outside the north part of the City which will make the drive 1 hour shorter each way. He's talking it over with the used car manager. He warned me it won't be $900 per month. I'd be good with $960. tax in.
The only other issue is the colour combos. Firstly, Acura is restricting the Tech versions of the 2024 MDX. The Tech versions are all one needs. Instead they have flooded the Dealers with the Aspec trims. $3K bump. for essentially a black out package. The big problem is that for some stupid reason they all have arrived with this bright red interior. Only one of about 20 have a black interior, but in this bright blue. I'm starting to wane on the whole idea just writing this.