Leasehackr Score
What does the Leasehackr Score mean? Is 6.3 years good? What is the benchmarck (for a Honda CR-V)? Thanks!
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Hey, @28firefighter . Got anything?
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For example, a $30,000 car with a monthly payment of $300 will have a Leasehackr Score of 8.3 years. You can pay $300 per month for 8.3 years before you reach $30,000. We've seen scores ranging anywhere from just 5 years to as high as 20 years.
If the Leasehackr Score is low on a car even after your best efforts negotiating, you might be better off buying instead of leasing, or choosing a different vehicle altogether.
Source: LH
Pre-tax Monthly Payment: $428
Monthly Payment with Tax: $454
Drive-Off: $726
- First month payment: $454
- Down payment: $0
- Government and dealer fees: $258
- Tax on cap cost reduction and fees: $14
Leasehackr Score: 6.3 years
Disposition Fee: $0
Total Lease Cost: $16,593
The OOD prices is about $31,962
What's the point of leasing at that payment level? Lease was supposed to have lower payments than financing.
https://forums.edmunds.com/discussion/53746/honda/cr-v/2019-honda-cr-v-lease-deals-and-prices#latest
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