Honda To Start Leasing Program for CPO Cars

alex2364 · 11-05-2020, 12:15 PM

Quote:

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 · 11-05-2020, 12:37 PM

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 · 11-05-2020, 02:05 PM

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 · 11-05-2020, 02:14 PM

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 · 11-07-2020, 09:35 PM

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 · 11-07-2020, 10:11 PM

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.

11-05-2020, 12:37 PM	#2
GOLFFRR 11285 Rep 28,025 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	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 __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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11-05-2020, 02:05 PM	#3
Kelse92 Major 1133 Rep 1,366 Posts Drives: Former e92 M3 Owner Join Date: Aug 2018 Location: Dallas, TX iTrader: (0)	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! __________________ #ladydriven Heavy-spec M3 // KW Clubsports // AA x-pipe // Gintani muffler // Macht-Schnell intake // Gintani tune // OMP Seats // Too Many Apex Wheels // Stoptech ST-60 // Cobalt Friction brake pads Last edited by Kelse92; 11-05-2020 at 02:11 PM..
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11-05-2020, 02:14 PM	#4
Alfisti Brigadier General 6973 Rep 3,283 Posts Drives: 2008 Saab 9-3 Combi Join Date: Nov 2014 Location: Toronto, Canada iTrader: (0)	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, 09:35 PM	#5
psuibmw Brigadier General 3755 Rep 3,173 Posts Drives: G06/G20/F30/F15/F10/E90 Join Date: Feb 2011 Location: Baltimore, MD iTrader: (0) Garage List 2023 BMWM2 [10.00] 2022 BMW [9.63]	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, 10:11 PM	#6
Tuxedo Bowties r cool ▶:◀ 1481 Rep 819 Posts Drives: 25' MT G29, 24' G05 X5 50e Join Date: Apr 2014 Location: Chicago iTrader: (0) Garage List 2009 BMW 128i e88 [10.00]	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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