CANOBIE LAKE HONDA 3 - DAY EXCHANGE PROMISE
Not the right vehicle? No worries. Canobie Lake Honda lets you return your car to us and exchange it for another within three days or 150 miles of purchase. Please read the full terms and conditions of the program below.
Within the first three days or 150 miles from the date of purchase (whichever comes first), you, the purchaser, may return an eligible pre-owned vehicle to Canobie Lake Honda for an exchange for another eligible pre-owned vehicle or a new Honda vehicle if not completely satisfied with the original vehicle. This is an exchange program only- no cash refunds. If, during the 3-Days / 150-Mile Vehicle Exchange Program period, the purchaser chooses to trade in the vehicle listed below to Canobie Lake Honda for another eligible pre-owned vehicle or a new Honda, the purchaser will receive credit in the amount of the previously agreed upon selling price.
Eligibility
All pre-owned vehicles except those explicitly excluded below are eligible for the 3- Day/150-Mile Vehicle Exchange Program if returned to Canobie Lake Honda within the first three business days (a business day is when Canobie Lake Honda has normal scheduled operations) or 150 miles (whichever occurs first) of delivery. The purchaser of the vehicle must currently own the vehicle. The vehicle must be returned in the condition it was delivered to the guest without damage or excessive wear and tear. Refer to the Vehicle Inspection section below.
Exclusions
- Fleet/ Uber/ Lyft, etc. or commercial purchases
- Guest is financing through Credit Acceptance Corporation or Global Lending.
- Vehicles used for livery, taxi, or delivery services
- Guests who exchanged a vehicle under the 3-Day/150-Mile Vehicle Exchange Program within the previous 12 months
- Vehicles acquired in exchange for a pre-owned vehicle under the 3-Day/150-Mile Vehicle Exchange Program
- Pre-owned vehicles with non-factory aftermarket accessories installed (e.g., air conditioning, lift kits, wheels, etc.)
Vehicle Inspection
The dealer will inspect any vehicle returned under the 3-Day / 150-Mile Vehicle Exchange Program for damage and excessive wear and tear. If non-warranty repairs equal to or greater than $500 have been performed or are necessary due to the guest’s use of the vehicle, the vehicle is not eligible to be returned. If less than $500, the damage repair estimate will be deducted from the credit amount.
Original Trade-In Vehicle
If the guest trades in their current vehicle as part of the used vehicle purchase transaction, the trade-in immediately becomes Canobie Lake Honda’s inventory and will not be returned to the guest. There may be instances when the guest chooses to return a vehicle under the 3-Day/150-Mile Vehicle Exchange Program and orders a replacement vehicle instead of selecting one from the dealer’s inventory. In such cases, Canobie Lake Honda will not provide alternate transportation or permit the guest to keep the original vehicle while the replacement vehicle is on order.
Completion of Canobie Lake Honda Vehicle Exchange Form
- This form must be completed by the sales consultant and signed by the guest at the time of pre-owned purchase. The purpose of this form is to record the following:
- Guest and dealer awareness of the 3-Day/150-Mile Vehicle Exchange Program parameters
- Vehicle eligibility/ineligibility
- Guest’s acknowledgment of the “Agreed-Upon Trade-in Value” at the time of purchase
- Identification of the vehicle being purchased
- Note the expiration date of the exchange program by filling out delivery miles, times, and dates.
Additional Credit Approval Required
Due to the lender’s approval stipulations, approval of one vehicle does not guarantee approval of a different vehicle. If the guest elects to do the exchange, additional credit approval is required. Approval and terms are subject to the consumer’s credit rating, loan-to-value ratio, debt-to-income ratio, vehicle condition, and the structure of the original deal with the lender who approved the original loan.