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Added Lease Mile

mstrluckymstrlucky Member Posts: 106
edited January 2019 in Honda
Hello all. Honda said they do have a 18k per lease option. I'm thinking about leasing the 19 Accord in a few months. How much more per month could one expect to pay from 15k mile per year to 18k? Thanks.
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  • kyfdxkyfdx Moderator Posts: 267,200
    mstrlucky said:

    Hello all. Honda said they do have a 18k per lease option. I'm thinking about leasing the 19 Accord in a few months. How much more per month could one expect to pay from 15k mile per year to 18k? Thanks.

    Technically, they don't have a residual percentage adjustment for 18K/yr.
    They reduce the residual by $0.10/mile for the extra 9000 miles over 15K/yr.
    If that is the amount ($0.10/mi), then the adjustment is $900, and the payment will be approx. $25/mo+tax over the 15K/yr payment.

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  • mstrluckymstrlucky Member Posts: 106
    Thanks. Extra 9,000 over 15K?? It's only 3,000 miles over.

  • MichaellMichaell Moderator Posts: 263,473
    mstrlucky said:

    Thanks. Extra 9,000 over 15K?? It's only 3,000 miles over.

    3000 miles over, but a 3 year lease = ergo, 9000 extra miles

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