Honda To Start Leasing Program for CPO Cars

[alex2364]

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.

[GOLFFRR]

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

[Kelse92]

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!

[Alfisti]

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.

[psuibmw]

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

[Tuxedo]

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.