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      11-05-2020, 11:15 AM   #1
alex2364
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Honda To Start Leasing Program for CPO Cars

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Honda is working with car-leasing platform Fair to allow customers in select markets to lease certified pre-owned vehicles. The program allows customers to have flexible lease terms, including month-to-month agreements, or longer, more traditional term lengths. The pilot program will run for six months, and if successful, could be expanded.
https://www.caranddriver.com/news/a3...asing-program/

I wonder if BMW will start a similar program since more than half of people lease BMWs.
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      11-05-2020, 11:37 AM   #2
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interesting. obv used cars open a ton of variables and issues IMO but then again if the CPO process dialed in then I could see it maybe working but still seems like a lot of potential pros/cons
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      11-05-2020, 01:05 PM   #3
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I would actually be interested in doing something like this on a Civic Hatch Sport as long as its a manual. I wonder what markets they are going to...

EDIT; I should actually read the article first next time LOL Wish they were coming to TX!
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Last edited by Kelse92; 11-05-2020 at 01:11 PM..
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      11-05-2020, 01:14 PM   #4
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I'd be SUPER interested. Wife is a lawyer and leasing is just so much easier to work with re. taxes etc but it's STUPID expensive. I'd be all over a 3 year old car and leasing it for 3 to 4 years, all over it.
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      11-07-2020, 08:35 PM   #5
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My expectation is that leasing a CPO Honda would not be much cheaper than a new one We learned from before than Honda's depreciation is so slim so expect leasing of a CPO to be no more than few bucks less than new
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      11-07-2020, 09:11 PM   #6
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1999-2001 Bank1(merged with Chase 04') had a program for many popular brands and could lease used cars and trucks. Problem was any factory subsidized thru residual or lease cash would be a lower payment on new. I doubt Honda is gonna decide a incentive to lease a CPO is more important than to keep the factory moving once inventory levels return to normal in a post covid world.

making flexible terms however is a game changer, if the same payment and less commitment thats a good plan.
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