Bought a 2009 HCH new in Oct. 2008 and am eligible to participate in a class action settlement for under performing MPG
I'll get a whopping $100 to compensate me for the average 37 MPG achieved over my ownership vs the EPA window sticker 40 city 45 highway
To make up the difference between the cost in USD of the 400 gallons of fuel purchased in the 75,000 miles driven so far and the $100 cash payment American Honda offers owners two options:
A) $1,000 non-transferable rebate on the purchase or lease of a new Honda provided the 2009 HCH is traded in or sold in a bona fide arms length transaction
B ) $500 transferable rebate on the purchase or lease of a new Honda without the proviso of trading or selling the 2009 HCH
My 17 year old wants the HCH but we generally do not keep hybrid vehicles beyond the Federally mandated 100,000 mile hybrid system warranty period our 2009 HCH will soon eclipse
Both rebates are valid 12 month from issuance, claims for the settlement must be postmarked no later than April 19, 2013
Which rebate option would you suggest and why please?
PS - Already posted this on a car board and a consumer finance board and gotten one (thoughtful) response, so now on asking you blokes, who have never been shy....