buying Honda, GM Say You Can't Sell Your Lease to Someone outside the Brand
Honda teases new interior design philosophy
The brand's "simplicity and something" theme aims to makes its vehicle cabins more human-centric and less cluttered.By eliminating the complexity of its cabins, Honda designers are hoping to enhance the driving experience. This is in keeping with the brand's "Man Maximum/Machine Minimum" principle, which aims to maximize interior space by minimizing the size of a vehicle's mechanical components. Accordingly, the cabins of the company's upcoming vehicles should be cleaner and friendlier than they already are.
- If your lease of a GM vehicle is coming to an end, or if you plan to get out of your lease this year, your options have just shrunk. You're no longer able to take the best offer from anyone who's willing to buy the car. You now have to sell it back to GM.
- Same goes for Honda and Acura. All three automakers are changing the rules at least through the end of the year.
- Toyota is assessing the situation for its own lessees, and Ford has had a similar policy in place for years, reports .
The tight supply of new cars is shifting how automakers are dealing with old cars. General Motors and Honda both recently changed what they will allow their customers to do with their leased vehicles. Instead of allowing customers access to any purchaser in the market, anyone leasing a GM brand vehicle, or a Honda or Acura, will now have to return the vehicle to a dealership from that brand when the lease is over.
Jerez Moto3: KTM rookie Acosta scores third straight win
Pedro Acosta claimed an historic third Moto3 victory in the Spanish Grand Prix while chaos erupted at the final corner of a dramatic Jerez race. © Gold and Goose / Motorsport Images Pedro Acosta, Red Bull KTM Ajo Ajo KTM rider Acosta has become the first grand prix rookie in history to score four podiums from their first four races, after riding a perfect final lap to claim his third-straight win to pull out a commanding 51-point lead in the championship. Poleman Tatsuki Suzuki grabbed the holeshot off the line from the Snipers Honda of Andrea Migno and Gabriel Rodrigo on the Gresini Honda.
GM lessees "are only able to submit a lease purchase request... by contacting GM Financial Customer Experience or working with a participating GM dealership," Joe Bartuch, executive vice president of U.S. sales and credit for GM Financial wrote to GM dealers recently, according to.
GM's change started on the first of July, and. Both companies said they will keep the policy in place through the end of 2021. Toyota told Automotive News that it is reviewing its leased vehicles policy and Ford said it has not accepted co-called "third-party lease returns" for years.
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GM's and Honda's policy changes were instigated by the chip shortage and other factors that are limiting new vehicle supply, with Honda specifically mentioning "global parts supply issues and congestion at various ports." The automakers say that preventing lessees from selling their vehicles to a company like Carvana or to a dealer representing another brand will mean their own dealers are more likely to have vehicles to sell during this time of strong demand.
2022 Honda Civic Hatchback Teased Shadily, Reveals Sleeker Form
Ahead of its global premiere, the all-new 2022 Honda Civic hatchback is being dangled in front of us. Honda released a teaser image of the five-door version of the 11th-generation Civic sedan, and the latest iteration of the popular compact hatchback will officially debut during a virtual concert event later this month. Based on theBased on the partially concealed side profile photo, in which the new Honda Civic hatchback is backlit by a sunset or sunrise, we can make out its more refined body. It now has a straight beltline that stretches from the rear quarter panel all the way into the nose, much like the sedan.
"Our goal is to make sure our dealers have access to quality preowned Honda and Acura vehicles to satisfy the needs of new and returning customers," American Honda Finance Corporation said in a statement provided to.
GM made the changes "to better support our GM dealers through the current economic environment and the challenges they're encountering sourcing quality pre-owned vehicles," the automaker told Automotive News.
The automakers have not made it completely impossible for a person leasing a GM or Honda vehicle to sell their car back to someone other than the company that built the car. They've just made it more of a hassle. To get around the new restrictions, a lessee would have to buy out the lease, take ownership of the vehicle themselves and then sell it to whomever they want.
2022 Honda Passport books better looks, introduces TrailSport sub-brand .
We'll see way more of "TrailSport" on future Honda SUVs and trucks, and the the Passport isn't a bad place to start.The new Passport's front end sees the biggest changes with a new grille and crossbar treatment, wider-looking headlights and redesigned skid claddings that Honda said provide a tougher look for the new front bumper. If the design looks familiar, it borrows heavily from the new Ridgeline pickup. That's not a bad thing. The rear gains a new bumper, too, and the exhaust outlets are larger this time around. Chrome accents are flush on the EX-L trim, while the Elite and newly minted TrailSport trim feature gloss black elements.