Apologies, but I'm new at this leasing thing. I'm looking at a 2017 Pilot in Winston Salem, NC, both a Touring and a Ex-L, both 2WD, both with sensing. 36 month lease, 12K miles per year. Am I right that the RV is the amount expected to be paid at the end of the lease and, whatever that % is, you can figure the dollar amount of the RV by multiplying the % times the MSRP? Or is times the sales price? Also, what is the significance/relevance of MF and how do you use it? Finally, what's the "cap cost" and how do you determine that. Many thanks in advance for responding to a novice.
Apologies, but I'm new at this leasing thing. I'm looking at a 2017 Pilot in Winston Salem, NC, both a Touring and a Ex-L, both 2WD, both with sensing. 36 month lease, 12K miles per year. Am I right that the RV is the amount expected to be paid at the end of the lease and, whatever that % is, you can figure the dollar amount of the RV by multiplying the % times the MSRP? Or is times the sales price? Also, what is the significance/relevance of MF and how do you use it? Finally, what's the "cap cost" and how do you determine that. Many thanks in advance for responding to a novice.
Residual is the % of the MSRP (bottom line number of window sticker, including destination)
MF is the number used to determine the "rent charge", or interest, paid during a lease.
There is "gross" cap cost and "net" or "adjusted" cap cost - the latter number is important as that represents the negotiated selling price plus and taxes and fees you do not pay up front.
Some good research material at the following link:
Comments
No 10K mileage option from Honda
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MF is the number used to determine the "rent charge", or interest, paid during a lease.
There is "gross" cap cost and "net" or "adjusted" cap cost - the latter number is important as that represents the negotiated selling price plus and taxes and fees you do not pay up front.
Some good research material at the following link:
https://www.edmunds.com/car-leasing/
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No 10K allowance from Honda
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige