Car Buying Advice - Looking for Numbers Check on Lease

turdferg

Year: [2017]
Make, Model, and Trim: [Honda CRV EX AWD]
Months/Annual Mileage: [36/12K]
Zip Code: [19301]
MSRP [$29,500]
Sale Price [$26,472]
Cap Reduction [$1000]
Cap Cost [$25,472]
Residual [$17,700]
MF [0.0017]
Monthly Payment before tax [$289]

Looking to make sure these numbers seem fair? I still have 2x payments left on my current Honda lease which will need to be rolled into this. One issue I have is that the dealer wants to use a different leasing company than Honda Finance, whom I currently lease with. He says he'll cut me a check for the $350 disposition fee, but will "need" to roll that $350 into this new lease - meaning I'll be paying the interest on it.

Thanks

Michaell

turdferg said:

Year: [2017]
Make, Model, and Trim: [Honda CRV EX AWD]
Months/Annual Mileage: [36/12K]
Zip Code: [19301]
MSRP [$29,500]
Sale Price [$26,472]
Cap Reduction [$1000]
Cap Cost [$25,472]
Residual [$17,700]
MF [0.0017]
Monthly Payment before tax [$289]

Looking to make sure these numbers seem fair? I still have 2x payments left on my current Honda lease which will need to be rolled into this. One issue I have is that the dealer wants to use a different leasing company than Honda Finance, whom I currently lease with. He says he'll cut me a check for the $350 disposition fee, but will "need" to roll that $350 into this new lease - meaning I'll be paying the interest on it.

Thanks

What bank do they want to use?

The MF is lower than for Honda Finance (theirs is .00200), but I'd worry about end of lease costs. Third party banks often don't care as much about customer retention, so you might be surprised by the end of lease charges.