So hypothetically, if a used F4 car were advertised tomorrow, how would the "3 year engine lease" deal transfer?
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So hypothetically, if a used F4 car were advertised tomorrow, how would the "3 year engine lease" deal transfer?
Not sure, haven't asked Honda that question but until you pay for theee years consecutively it is still their property. I assume you would start over if the car transferred ownership.Quote:
Originally Posted by Lotus7
How would they enforce that? Say someone buys a used car, is Honda going to call them up and tell them they owe Honda $X,XXX?
What if a shady owner sells it to an unknowing buyer?
This is a great question! I see 2 options.Quote:
Originally Posted by reidhazelton
1. Confiscate the engines at the end of the season (not likely).
2. Hold the original owner responsible for the remaining cost of the engine (likely!).
Legally it is their engine. I have no clue what they will or won't do but legally it is there engine.Quote:
Originally Posted by FrankRizzo
Wouldn't it be the same a taking over someone's else car lease? sign the lease transfer papers and continue where they left off. Honda really wouldn't care who "owns it" as long as they get the $XXXX a year.
James
Hopefully someone getting into F4 is not naive and is aware that the engines are leased.
With this discussion going on, the engine lease program will show up in a Google search.
Do you sign lease papers with Honda when you purchase an F4? Is sale/transfer covered in those documents?
I would assume the seller has to return the engine before selling the chassis. It would be up to you to get a new lease with Honda. If you plan on racing in the spec series, the contract is probably part of that anyway.
And if you were racing elsewhere, it's just a K20C2 from the new Civic, so fitament should be straightforward. And since other FIA spec F4 cars fit the other FIA spec F4 engines, shouldn't the Crawford chassis do the same? Just throw in the Ecoboost and be done.
Interesting discussion. Was going to say I'm surprised it's not clearly specified, but thinking back a year to the unanswered questions I asked as a buyer then, maybe I shouldn't be.
That said, I can't believe the engine sells with the car and a new 3-year period begins, as the costs would have been based on forecast/calculated engine longevity one assumes.
Gotta think the "Honda doesn't care who has it" comment should be right, and the seller/buyer agree on some total price to buy the chassis and assume the remaining lease.
But back to my first thought, how can something so obvious not have been specified in advance?
Guess we'll find out if one comes on the market :-)
I am 99.9% sure it is specified in the engine lease that I signed but I haven't had time to pull it up & go over it as it isn't on the top of the list of things to do.Quote:
Originally Posted by Lotus7
I am also sure Honda would answer if someone asked them directly so I don't think we should be quick to make comments such as that.