Posted on 11/06/2020 12:57:51 PM PST by RomanSoldier19
Honda is working with car-leasing platform Fair to allow customers in select markets to lease certified pre-owned vehicles.
The program allows customers to have flexible lease terms, including month-to-month agreements, or longer, more traditional term lengths.
The pilot program will run for six months, and if successful, could be expanded.
Honda, in conjunction with the car-leasing platform Fair, has launched a pilot program at six Honda dealerships in southern California and 13 Honda and Acura dealerships in southern Florida to allow potential customers to lease certified pre-owned (CPO) vehicles. Through the Fair app, customers will be able to select a CPO vehicle, sign for it, and get it delivered.
The leasing program allows customers to choose either a month-to-month lease term or a longer, more traditional term. Just as all vehicles leased through Fair do, any CPO Honda or Acura leased through the platform comes with routine maintenance, roadside assistance, and a limited warranty which last through the lease term of the vehicle.
The flexibility of the lease and the inclusion of the other extras listed are what separate this program from other CPO leasing programs that one-off dealers may currently offer.
(Excerpt) Read more at sports.yahoo.com ...
I could see this working people very shortly won’t have the money after Biden’s energy price hikes to buy new cars so massive leasing agreements maybe getting ahead of the curve
Covid-19 impact: Millennials prioritise, invest in real estate to work from home moneycontrol.com on MSN.com|7 days ago The pandemic has made Generation Rent, which used to shun immovable assets, rethink its priorities. With work from home the new norm, millennials are scouting for spacious homes built by well-known developers on the outskirts of cities.
The used car market in the U.S. is huge and there is no reason why a lease wouldn't work as well as a purchase.
Electric vehicles will work even better re: leases than gasoline or diesel because of the greater simplicity (i.e., no engine with thousands of parts that wear out).
Great Depression II coming soon.
You voted for it libs.
Now enjoy the fruits!
BTW, the bankers on this forum might clarify, but I have read that banks are helping non-bank auto lenders package their subprime loans as bonds...for a nice fee, of course.
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