Honda, Acura Launch Certified Pre-Owned Program for Leased Vehicles
If you’ve shopped for a car in the last few years, you’re not crazy: They are expensive. In fact, the average new-car list price has been hovering around $50,000 throughout 2023. To open up more affordable options for car shoppers, Honda and its Acura subsidiary are launching certified pre-owned leasing programs.
Related: Honda, Acura Expand Certified Pre-Owned Programs to 10-Year-Old Cars
Honda and Acura CPO vehicles from model-year 2018-23 are eligible. We checked out a few examples on HondaCertified.com and AcuraCertified.com. For a 2022 CR-V with a little over 21,000 miles, a 36-month lease nets a monthly payment about $100 less than financing for 60 months with an equal down payment. The savings were similar for a 2022 Civic sedan with 3,450 miles, and for a 2022 Acura RDX with around 27,000 miles, leasing would save about $50 a month.
Honda says the CPO leasing program provides “more choice and a flexible cost of entry into the brand for young and first-time buyers,” but with car prices what they are today, that statement can apply to loose definitions of “young,” and we can just ignore that “first-time” business completely. If leasing doesn’t interest you, Honda and Acura recently extended their CPO programs to cover vehicles up to 10 years old, although warranty coverage varies depending on vehicle age and mileage.
More From Cars.com:
- What Does It Mean to Lease a Car?
- Are Certified Pre-Owned Cars Worth It?
- Is a Certified Pre-Owned Vehicle the Best Choice? We Answer Your Burning Questions
- Shopping for a CPO Car? Here’s What You Need to Know
- How Much Does It Cost to Lease a Car?
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