Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
According to my calculations, if you were to lease a 2006 Honda Ridgeline RT with an MSRP of $28,250 and a selling price of $24,927 through Honda Finance for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $288. the payment for an otherwise identical lease of a Ridgeline RTL with an MSRP of $32,040 and a selling price of $28,927 would be around $362. I based these leases upon 15,000 miles per year because that is the highest mileage allowance that Honda Finance publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
I have inquired to a dealer about an RTL (inc SR) with the same numbers (MSRP, selling price, mileage). He quoted me a $430ish price range. That was with the sales tax included (8.75% here in Buffalo, NY). I'm not getting the same numbers you did. What money factor did you use and did you use a residual of 56% ? Thanks.
thanks
3 year, 15K/year.
Tier 1 credit (whatever the best is)
$0 down.
Looking at RT or RTL (w/ and w/out sunroof)
Thanks!
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
As long as your credit score is in the 600's, you still should be able to lease this truck through Honda Finance - even without making a down payment. Your monthly payment will be higher than those that you have seen mentioned here though because you do not qualify for Honda Finance's top credit tier.
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Someone will have to explain that math to me....
Anywho... a follow-up question for you: Do you have residual figures for higher mileage allowances? I'd like to have 3K more miles per year (18K total) and not have to pay $.20/per for them.
I too would like to know if the $1000 incentive can be applied to a lease.
Is the MF and residual the same for 12K and 15K miles/yr?
I have negotiated a purchase price of $27,383 for a RTL w/o SR (after rebate), according to my calculations the monthly lease s/b $301 w/o tax. The MSRP is $32,040, money factor .00084 & residual 56%...36 month...12,000 miles/ yr.
Is $301/ month # correct?
The lease calculator on the Honda website says $327, why is there a difference?
Thanks in advance
PS
Car_man
Host
Smart Shopper / Prices Paid Forums
I am not 100% positive, but I do not believe that Honda Finance charges any sort of lease disposition aka turn in fee.
Car_man
Host
Smart Shopper / Prices Paid Forums
15,000 miles per year is the highest mileage allowance that Honda finance leases vehicles with. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Virtually every leasing company or bank has this fee.
regards,
kyfdx
Host-Prices Paid Forums
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
thanks
I just received a lease quote from a local dealer and here's the breakdown:
$1248.67 (regular drive-off?)
36 months, 12k miles/year
$340.15 + tax
residual $17922.80
shouldn't the residual be $17942 (56% of MSRP $32040)?
The dealer hasn't provided me with a selling price, yet.
How does this quote look?
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
Car_man
Host
Smart Shopper / Prices Paid Forums
If anyone can help me to see the forest from the trees, i would appreciate it.
I know I am not paying more than 400.. cause if it works out to more than that I am going to finance a 04 or 05 truck..
yea that would be nice, but...
I don't think you understand that hooligan36 is achieving that payment by trading in a car that has maybe $6k+ in equity.
am I missing something here - that doesn't sound like a good way to lease a vehicle to me - there's too much $$ being put down up front.