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60% residual for 39/12. That would be a slightly lower payment, but probably not worth being out of warranty for those three extra months.
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i-SpY
Thanks
Add 1%, if FWD
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Can you please provide numbers for South Florida. Touring 2wd 36 month 12k and 15k miles.
Thanks.
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2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
Thanks for your help
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2017 Honda EX-L 2WD 12/36 Lease (Southern California)
MSRP 37,395
Assume Sale Price of 34,403 (8% off MSRP)
Zero down, Just first month and DMV for first payment.
The prices are all over the place for this. Some dealers won't sell for less than MSRP. I received a quote from a dealer who is a friend of the family for an EX-L w/ Nav, and the friend and family discount was $2k off of MSRP....bringing the car to $528/m 36 12k. $1,500 out of pocket for first month and DMV.
I also tried another method that a friend used, this website that you build the car and pay for a report and it spits out the best deal....what the invoice is, cost, holdback, etc. It found a bank "US Bank" and said that for a 24 month lease with 12k per year, at invoice, the car would be $390 per month. The dealer I spoke with said that they don't know anyone from Honda using that bank or getting that number. Apparently the residual for this bank quoted it at 75%, and MF of .00135. Is something grossly wrong here?
@AD yes the MDX leases aren't anything special either, but seem better than the Pilot at the moment.
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
Using your prices, I get $417/mo plus tax
Ask the dealer what the adjusted cap cost is -likely higher than the selling price.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Second, leasing through third parties could be more expensive in the long run - as they don't expect you to become repeat business, there may be lots of end of lease charges you wouldn't see from Honda Finance.
The Pilot is expensive to lease, due mainly to the high MF.
Will it come down? Maybe. But, no idea when.
Can I interest you in a Highlander, or Pathfinder, or Santa Fe? Lots of choice out there that might lease better than the Pilot.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can you punch the numbers (similar to above) but instead of 8% off MSRP lets do 10% off MSRP so a Sale Price of $33,656. Thanks
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
And, the QX60 is leasing quite well at the moment.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
PS I'll post the details in the Infiniti Forum as they become more available!
MSRP 48010
Selling Price 45510
Residual 26886 (56%)
MF .00210
From the dealer...
12,000 miles per year
4000.00+39X620.59
3000.00+39X649.13
2000.00+39X678.19
The above include all fees, CT Sales Tax, 5 oil changes at our service center as well as Honda Roadside Assistance. There are no other drive off charges with Tier One Credit.
Money factor: .00210 (fixed by Honda Lease Trust)
Residual: 26886.00
I can't figure out where their lease payment is coming from.
1. The adjusted cap cost, and how the dealer got to that number from the selling price
2. The breakdown of the $2K, $3K or $4K due at signing
Using your MSRP and selling price, I get $712/mo with 6.35% tax added in. Therefore, I assume that some of the up front money is being used as cap reduction.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The higher up the trim chain you go, the lower the residual gets.
56% is correct for 36/15
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
39 months
MSRP 48,010
Purchase Option 26,885.60
Miles 12,000
MF .00210
Tax
Cashdown tax 96.39
Monthly tax 40.15
Amount Due at Signing (Total 2190.40)
1st month 672.40
Acquisition Fee 595
Fees and Insurance 923
Monthly payment 632.25 (pre-tax)
Monthly payment 672.40 (after tax)
Thoughts?
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If $595 is for the acquisition fee, what is the $923 for? That is a lot for fees, without an itemization.
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Fees:
499 Documentation Fee
145 Registration Fee
55 Inspection
25 Title
199 "Other"
2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
Need a CAP cost of about $47,050 to get that payment. That looks about right, if we add tax on to the $45,510 selling price.
The $2500 discount isn't too bad on a popular model, though the $500 doc fee offsets that, somewhat.
The calculations are correct, it's just an expensive vehicle to lease.
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First, take the capitalized cost less the residual value and divide by the number of months. So, it the capitalized cost is $40,000 and the residual value is $24,000, the monthly payment is $444.44 for 36 months ($40,000 less $24,000 / 36 months).
Second, add the capitalized amount and the residual value. So, using the $40,000 and $24,000 and a money factor of .0005 the monthly payment is $32 (($40000 + $24,000) X .005).
So, the monthly lease payment would be about $476 ($444 + $32)
Note, the capitalized cost is negotiable and can include anything. You negotiate the price exactly as you would if you were buying the vehicle. To the dealer a lease is the same as a sale. You can include sales tax, registration, etc, in the capitalized amount.
The residual is set by the manufacturer.
If the money factor is set by the manufacturer it is not negotiable.
The money factor is simply the interest rate divided by 2,400. For example, an interest rate of 1.2 equates to a money factor of .0005 (1.2 / 2,400).
Finally, a bit off topic, any document or other "fee", which is not a government mandated fee such as sales tax or registration, which a dealer attempts to extort is not a fee in any sense of the word. That fake "fee" is simply the selling price divided into two parts. Dealers believe attaching the word "fee" implies some legitimacy to the amount which, dealers believe, will result in buyers simply accepting the fee and, thus, increasing dealer profit.
MSRP = $39,195
Lease Price = $36,068
Residual = $23,517 (60%)
Mileage = 15,000 miles/year
Term = 36 months
Lease factor = 0.00210
I got this quote in March so I'm wondering if anything has changed in my favor for April. Did the high money factor go down? Any incentives? I doubt that the answer to either of these questions is "Yes" but I thought I'd ask before I finalize my lease. Thanks.
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Can you give me the numbers for a Pilot EX-L with Sensing and a Pilot Touring: 18K miles, 36 months.
.00210 MF
FWD or AWD?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Don't know the exact amount, but likely between .15-.25 per mile.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2017 Honda Pilot EX L
12K/39 mos
MSRP 39,125
Selling Price 38,127
RV 68%
MF .00130
Inception $2,100 (TT&L + Bank + Doc)
$397/mo.
What do you think of numbers? Look right to you? How much room would you say I have on the monthly (selling price)?
Many thanks!
I'm assuming this is a 3rd party bank quote.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sorry for posting in mulitple forums but I've been trying to figure out which two vehicles to lease for me and my wife. I'm interested in leasing a 2017 Honda Pilot Ex for 36 months and for 15k miles a year. Can you please give me the MF and RV for the Houston, TX area. Does anyone know where I could get a good deal on both vehicles because I'm also planning to lease a Honda Accord Sport 36mo/15k ? Thanks!
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