Honda pull ahead

Ask the Hackrs
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1

Hello,

I spoke with one Honda dealer (NJ) who claims Honda financial has a pull ahead program to waive next three payments when leasing a new Honda. When I called Honda Financial was told only available on my Acura lease and not the Honda lease. Has anyone come across this? I specifically asked if they are adding negative equity and the response was they are waiving payments.

Thanks

2

What’s your equity? 0, positive or negative?

3

Should be close to zero. Have one payment left. If true pull ahead then I have no problem doing. If finance trick then not sure I’m interested

4

They are probably rolling in that one payment

5

I don’t think Honda ever has lease pull ahead. They do have loyalty $750 available which is what the dealer may be using.

From Edmunds:
Honda Holiday Loyalty Program provides current Honda Automobile Honda Financial Services (HFS) lease maturities between December 01, 2018 through May 31, 2019 with $750, with the lease or purchase of a new and not previously reported sold 2018 or 2019 Honda vehicles.

  • Lease maturities outside December 01, 2018 and May 31, 2019 period do not qualify

  • Customers with original maturity dates prior to 12/1/2018, but extend their lease into the eligibility period of 12/01/2018 - 5/31/2019, prior to the announcement of this program qualify.

  • Lease maturities outside of the 12/1/2018 - 5/31/2019 period do not qualify

  • Retail maturities do not qualify

  • Trade in or termination of current lease vehicle not required

  • Dealer must claim VIN on MyHondaPerforamceCenter

  • Any 2018 or 2019 New and not previously reported Honda Vehicles are eligible (Excluding Civic Type R)

  • Fleet sales are not eligible

  • Sales to Dealer owner entities are NOT eligible

  • Previously reported sold vehicles are NOT eligible

6

Figured as much. Thanks. Will sit on sideline until end of the month