With vehicle prices on the rise, affordability has become a growing concern for several buyers. To help address this issue, American Honda believes it found a solution by launching a program to provide lease terms on used vehicles.
The program is being marketed as a more cost-effective method to purchase a new vehicle and will be available on both Honda and Acura vehicles in the U.S. Customers can choose certified pre-owned (CPO) vehicles from 2018 to the current model year. Moreover, the automaker believes the strategy offers more flexibility regarding down payments and lowers monthly costs rather than financing an identical vehicle.
This program complements Honda’s other recent initiatives, such as HondaTrue Used and Acura Precision Used, which were introduced in March 2022. These initiatives provide purchasers of older certified pre-owned vehicles between six and ten years old a more feasible option to get into a car.
At American Honda, Dan Rodriguez, Senior Manager of Auto Remarketing, emphasized the significance of providing lease options for Honda-certified preowned vehicles, given the rising price of new cars. He further states that “Honda is expanding our range of CPO offerings to simplify the process of selecting and acquiring a premium Honda certified pre-owned vehicle.”
While Honda cites the program as a great way for first-time and younger buyers to get into a new vehicle, Acura describes it as a way for customers to get more luxury, technology, and performance without breaking the bank.
For more information about Acura CPO leasing and the Acura tiers of the Certified Pre-Owned vehicle program, visit AcuraCertified.com.
