What is your actual range on the BEV? I have seen a figure of 160 miles, but not sure if that is Honda's figure or actual averages
Clarity BEV Lease Extension Information
We leased our BEV in Feb of 2020 (probably one of the last leased in California) and are approaching the end of the lease term. The car market is not great right now and the price of the lease is very low so we're going to extend and wait to figure out what to replace it with. While there are likely not many Clarity BEVs left out there, I haven't seen any consolidated information on the process of extending the lease, so I figured I'd document what we've done and what's happening in case anyone finds it of interest.
The first step was to call Honda Financial Services Lease Maturity Center ((800) 708-6555). The initial menu doesn't have anything for lease extensions, so you have to go into an extended menu and the first option is for lease extensions.
First off, it was about a 50 minute wait on hold. Not sure if that's normal, but something to think about.
When I asked the person about extending the lease for the Clarity BEV, he knew exactly what I was talking about and knew how that applied to the Clarity BEV specifically (refreshing, considering no one knows what the Clarity BEV is or how it differs from the hybrid). He did confirm that there was no purchase option (which I knew about, but figured I'd ask).
Also, side note, I asked what happened with the vehicles after lease end, and he said he had to ask after doing this process with someone else. Honda takes the cars and completely disassembles them to see how everything faired over the life of the lease. He said Honda considers them test vehicles.
After chatting for a minute we exchanged the following info:
Lease extensions are for non-binding 12 month terms, meaning I can cancel at any time without going through the complete 12 months, but can keep the car for up to 12 months.
He verified my personal info and asked the car mileage.
He submitted a preapproval for lease extension to another department.
This is as far as I've gotten so far
The info he gathered is being sent to another team who will do a remote diagnostic of the vehicle and confirm my application for renewal (I assume this is to make sure there are no glaring issues with the vehicle before extending). He said to expect this to take a few business days, before they call me back.
At that point, assuming everything is good, I'll get some paperwork in the mail to sign, and the extension will be done.
At this point, I have no info on pricing, and I didn't ask what the longest term I could extend for. We likely won't extend past 2 years regardless.
The first step was to call Honda Financial Services Lease Maturity Center ((800) 708-6555). The initial menu doesn't have anything for lease extensions, so you have to go into an extended menu and the first option is for lease extensions.
First off, it was about a 50 minute wait on hold. Not sure if that's normal, but something to think about.
When I asked the person about extending the lease for the Clarity BEV, he knew exactly what I was talking about and knew how that applied to the Clarity BEV specifically (refreshing, considering no one knows what the Clarity BEV is or how it differs from the hybrid). He did confirm that there was no purchase option (which I knew about, but figured I'd ask).
Also, side note, I asked what happened with the vehicles after lease end, and he said he had to ask after doing this process with someone else. Honda takes the cars and completely disassembles them to see how everything faired over the life of the lease. He said Honda considers them test vehicles.
After chatting for a minute we exchanged the following info:
Lease extensions are for non-binding 12 month terms, meaning I can cancel at any time without going through the complete 12 months, but can keep the car for up to 12 months.
He verified my personal info and asked the car mileage.
He submitted a preapproval for lease extension to another department.
This is as far as I've gotten so far
The info he gathered is being sent to another team who will do a remote diagnostic of the vehicle and confirm my application for renewal (I assume this is to make sure there are no glaring issues with the vehicle before extending). He said to expect this to take a few business days, before they call me back.
At that point, assuming everything is good, I'll get some paperwork in the mail to sign, and the extension will be done.
At this point, I have no info on pricing, and I didn't ask what the longest term I could extend for. We likely won't extend past 2 years regardless.
1 - 5 of 5 Posts
I'd love to meet the person who gets more than 100 miles out of it. It's rated at a meager 89 miles, which is pretty close to accurate. I get more/less depending on where I'm going and other factors, but that's typical. I use it as a commuter and for around town and it works great for that, but it's not something I would eagerly take on a long trip (although it does have DC Fast Charging which makes it technically possible).What is your actual range on the BEV? I have seen a figure of 160 miles, but not sure if that is Honda's figure or actual averages
Wow 89 mile range on a BEV!
No wonder Honda is working on a totally different BEV (Prologue for 2024).
Glad you went to Honda Financial first - never ever go to a dealer for anything other than picking up your original lease.
I had the unfortunate dealings with a Honda dealer when I wanted to buyout the PHEV lease.
Knew something was off when the dealer quoted the buyout plus $5,000 for their own extended warranty package.
However, after I left I did get Honda Financial to honor the terms of the original lease buyout price and was very happy I did so.
Keeping her for at least another 4 - 5 years!
No wonder Honda is working on a totally different BEV (Prologue for 2024).
Glad you went to Honda Financial first - never ever go to a dealer for anything other than picking up your original lease.
I had the unfortunate dealings with a Honda dealer when I wanted to buyout the PHEV lease.
Knew something was off when the dealer quoted the buyout plus $5,000 for their own extended warranty package.
However, after I left I did get Honda Financial to honor the terms of the original lease buyout price and was very happy I did so.
Keeping her for at least another 4 - 5 years!
The range is pretty terrible, especially for the size, but given how cheap they were leasing, it was worth it for us. I am looking forward to new BEVs coming out though.Wow 89 mile range on a BEV!
Glad you went to Honda Financial first - never ever go to a dealer for anything other than picking up your original lease.
I agree with you on the dealer issue. We've gotten probably a half dozen calls over the last 2 years about buying out the lease from the original dealer, at which point I have to inform them that there's no buy back option. Given they don't understand the details of the lease for the BEV, I don't expect them to give me any kind of deals.
Another note on dealers, in 2020 our lease was up on a Honda Pilot. Honda hadn't started restricting 3rd party lease purchases and we were able to sell to an internet retailer for close to 5k over our residual. I think the dealer we got a new car from offered us something like 2k, so it's always worth looking around before making any decisions.
1 - 5 of 5 Posts
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