Is this a good lease deal? 2016 Honda Odyssey EX-L w/res

hunter351

2016 EX-L w/res
MSRP $38,550.00
Residual $13,107.00
3.99% interest
60 months
15000 miles
$488.00 per month

We have the option to trade out of a current lease into an new lease at any time during the term of the lease, there are no penalties or fees to do this, what this does is lower the payment monthly and be able to trade out in 36 months or so

kyfdx

hunter351 said:

2016 EX-L w/res
MSRP $38,550.00
Residual $13,107.00
3.99% interest
60 months
15000 miles
$488.00 per month

We have the option to trade out of a current lease into an new lease at any time during the term of the lease, there are no penalties or fees to do this, what this does is lower the payment monthly and be able to trade out in 36 months or so

No way I would do a 60 month lease. What if you want to trade out, and find out your van is worth $5000 less than the payoff? Don't take any salesperson's word for what you can and can't do, before the lease is up. It's all in the contract.