Lease a 5-Year-Old Honda: Too Expensive [Update]

Lease a 2018 Accord with Factory Warranty.

HondaTrue Used (introduced in 2022) includes a range of pre-owned vehicles, albeit not for lease – these are only up to 10 years old. The Honda Certified Pre-Owned program, however, offers leasing options for both current model-year cars and those that date back up to five years. Any cars outside of this classification can be bought with Honda backing, but no leasing is accessible.

This post has been revised to rectify the blunder and we humbly apologize for any confusion caused.

Honda unveiled revisions to its Certified Pre-Owned (CPO) program today, boasting to deliver added options and cost arrangements meant for the younger, newer car buyers. Although details remain unannounced, they claimed a novel lease plan for some chosen CPO automobiles is one of them. Corresponding transformations also appear to be occurring within Honda’s premium subsidiary, Acura.

“As new-vehicle prices continue to rise, it becomes increasingly important for young and first-time buyers to have access to Honda certified used vehicles,” said Dan Rodriguez, Honda’s senior manager of auto remarketing. “We’re determined to make it easy for them to consider and purchase a high-quality Honda CPO vehicle, which is why we are continuously expanding our award-winning CPO offerings.”

Much like a standard lease, a CPO vehicle can be acquired for a predetermined duration. Upon completion of the program, there is the alternative to either return the vehicle or acquire it at an established cost. Models eligible for CPO may range from the present year up to five years in age.

Leasing may not be everyone’s cup of tea. Nevertheless, Honda True Used and Acura Precision Used were unveiled last year to provide manufacturing-certified buying advantages on pre-owned autos that are up to 10 years old. This system incorporates a guarantee for these ten-year-old automobiles; precisely 100 days as well as 5,000 miles worth of coverage in total, including powertrain and non-powertrain. Acura also provides the same protection – so, you might choose to acquire a 2014 TSX, which according to Kelley Blue Book has a value slightly less than the Accord from the exact year.

Honda claims that its highest tier HondaTrue+ Certified vehicles come with 60 months or 86,000 miles of non-powertrain coverage and 84 months or a full hundred thousand miles for the powertrain. As for those HondaTrue Certified, it upholds the same protection for the powertrain however cuts down on the duration of non-powertrain coverage to 12 months or 12,000 miles for those cars out of their manufacturers’ warranty period. Finally, when only some factory coverage remains, the warranty spans 48 months or 48,000 miles.

Source: Honda