Honda right now introduced modifications to its Certified Pre-Owned (CPO) leasing program. Specific particulars weren’t offered, other than the automaker stating extra decisions and versatile prices at the moment are accessible and focused at youthful, first-time patrons. Honda’s upmarket Acura group introduced related modifications, however the information reminds us that each manufacturers have lease packages for automobiles as much as 10 years previous. Wait, what?

Announced final 12 months, HondaTrue Used and AcuraPrecision Used open up leasing choices for CPO automobiles as much as 10 years previous with no restrict on mileage. That means you possibly can lease a 2014 Accord that, in keeping with Kelley Blue Book, presently has a price of round $13,000 in wonderful situation with a mean of 120,000 miles on the odometer. Depending on the finance phrases, that is a automotive you possibly can purchase for round $250 a month on a four-year mortgage with a minimal ($1,000) down cost.

But Honda’s lease program features a guarantee, even for 10-year-old automobiles. The automaker states such automobiles get 100 days and 5,000 miles price of protection for the entire enchilada, powertrain and non-powertrain. The lease deal additionally contains one free oil change, roadside help in the course of the guarantee interval, and a three-month subscription for Sirius Radio. And for the report, Acura has the identical deal. Forget the Accord – you possibly can lease a 2014 TSX with a KBB worth of $12,000.

“HondaTrue Used is a critical new gateway to the Honda brand, especially for young and first-time buyers,” stated Dan Rodriguez, Honda’s supervisor of auto remarketing. “Customers can now shop for a high-quality certified used Honda on our website, and buy with confidence from the most knowledgeable and experienced source – a Honda dealer.”

For these not inquisitive about leasing a 10-year-old Honda, the corporate’s up to date choices apply to licensed pre-owned automobile going again to 2018.