2016 Honda Pilot Touring AWD

melendez8211

Ive gathered from my research that the current MF & Residual Value are 0.00175 & 59%.
I'd like to share my calculations on payments. Please correct and/or guide any way possible.

(36m/12k, MF 0.00175, RV 59%)

MSRP (per salesman) $41,300.00
Negotiated Price: $38,600.00
Residual Value $25,724.00
Depreciation $12,876.00
Base Lease Payment $357.67
Money Factor $112.57
Total Base Lease Payment $470.23 (Est.)

We are putting taxes and fees up front. Also coming out of a previous lease. Is Honda offering any incentives on this?

Thanks.

kyfdx

melendez8211 said:

Ive gathered from my research that the current MF & Residual Value are 0.00175 & 59%.
I'd like to share my calculations on payments. Please correct and/or guide any way possible.

(36m/12k, MF 0.00175, RV 59%)

MSRP (per salesman) $41,300.00
Negotiated Price: $38,600.00
Residual Value $25,724.00
Depreciation $12,876.00
Base Lease Payment $357.67
Money Factor $112.57
Total Base Lease Payment $470.23 (Est.)

We are putting taxes and fees up front. Also coming out of a previous lease. Is Honda offering any incentives on this?

Thanks.

The correct residual is 58%
Residual Value is a percentage of MSRP. Just multiply the MSRP by the residual percentage. If you do that, you'll see that your MSRP and residual don't match up (with either 58% or 59%)

Try "building" the vehicle on-line, to get the correct MSRP.

melendez8211

My apologies. 

The correct MSRP I went by was $43,600. $41,600 is the offer the salesman gave me. 
I used 59% RV. 

kyfdx

melendez8211 said:

My apologies. 

The correct MSRP I went by was $43,600. $41,600 is the offer the salesman gave me. 
I used 59% RV. 

Your math is correct, then. Using the correct 58% residual changes the payment to $481.58