Honda has started leasing used vehicles in a market that has been hard for many consumers to afford trading.
The certified preowned program, which Honda is billing as a more affordable entry point for young and first-time buyers, is showcased on its website with a price/financing calculator that adjusts monthly loan bills to down payment amounts.
Vehicles available to lease range from 2018 models through current-year models.
“Higher new-vehicle prices make the ability to lease Honda certified used vehicles an even more critical gateway to vehicle ownership for young and first-time buyers,” said Dan Rodriguez, senior manager of auto remarketing at American Honda in a press release on the new offering.
Honda recently expanded its CPO program to include models as old as 10, “creating even more opportunity for young, first-time buyers.” It says it was the first mass automaker to sell branded used vehicles from dealer inventories on its website when it debuted the feature in 2020 during the early Covid pandemic period.
Honda said its CPO sales grew 16% this year through October.
DIG DEEPER: CPOs' October Doesn't Reflect Year
