Getting your first car can be expensive. If you’re young and just starting out, buying a new or even used cars these days just might be out of reach.
Honda wants to make it easier for young car buyers to get behind the wheel of a reliable used vehicle by offering a new CPO leasing program.
Used Cars Made More Affordable
Let’s face it. Used cars may not cost as much as new cars, but they can still be expensive. Especially if you want to get into something that’s newer and still offers a warranty. First time car buyers sometimes have a tougher time affording a vehicle, new or used, because they don’t have anything to trade in. They are starting from scratch, which means coming up with a down payment if they want to keep their monthly payments low.
Honda wants to help young people get behind the wheel of a reliable used car with their new CPO lease program. This program makes current model year CPO, or certified pre-owned vehicles, along with 2018-2023 Hondas available for lease.
Flexibility at Its Best
How does choosing a down payment that fits your current budget sound? The Honda CPO leasing program allows just that. Customers can decide how much they want to put down. Since it directly affects their monthly payment, a larger down payment can decrease the monthly cost over the lifetime of the lease. Honda is also offering these leases with shorter term options. You can choose a lease agreement that lasts a little as 24 months or keep it going a little longer and choose a lease agreement that lasts for 36 months. It’s all up to you.
Why Do I Want to Lease a Pre-Owned Vehicle?
Why lease a CPO instead of just buying it? Honda offers their new CPO leasing program with several benefits that you just might not get when you buy used cars. Leasing allows young buyers to get a higher end vehicle without paying more for it. CPO vehicles also come with a limited warranty that covers mechanical repairs. This means lower out of pocket expenses if something goes wrong.
And, what’s even better, is these used cars come with Guaranteed Asset Protection. GAP insurance helps cover the cost of the vehicle if you’re in a crash. If your insurance company doesn’t cover the entire cost of the damages, don’t worry, GAP insurance has you covered.
Love It and Keep It Option
If you fall in love with your leased CPO Honda, you don’t have to turn it in at the end of your lease. While you can these used cars back to your Honda dealership and get into a new lease on a different vehicle, if you decide you just don’t want to give up your ride, Honda offers purchase options at the end of the lease.
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