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.