Buh-Bye Third-Party Used Car Dealers? Honda Finance will no longer authorize the return of vehicles at the end of their lease to a non-franchised dealership

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TORRANCE, CA. July 8, 2021; American Honda Finance Corporation (AHFC) has announced that it will require customers to return all leased vehicles to authorized Honda and Acura dealers only in accordance with their lease agreement. The move comes as global parts supply issues and congestion at various ports have resulted in new vehicle inventory issues for car dealerships and increased consumer demand for used vehicles.

AHFC will advise rental customers approaching the end of their term that, in accordance with the terms of AHFC’s rental agreement, rental customers may purchase their rented vehicle but are otherwise required to return or exchange the vehicle at a Honda dealership. or Acura only.

“In this unusual market environment, our goal is to ensure that our dealers have access to quality pre-owned Honda and Acura vehicles to meet the needs of new and loyal customers. Customers continue to have the option of purchasing their leased vehicle as stated on their lease agreement, ”said Petar Vucurevic, Vice President of AHFC.

Honda is the latest automaker to adopt such a policy. The policy will be reassessed at the end of the calendar year.

About the American Honda Finance Corporation

American Honda Finance Corporation (AHFC), operating under the names of Honda Financial ServicesSM and Acura Financial Services®, helps meet the financing needs of consumers of Honda and Acura products, including automobiles, sport utility vehicles, mini vans, motorcycles, powersports products, marine engines and equipment. For more information, visit hondafinancialservices.com or acurafinancialservices.com.


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