General lease qestions

jgelderloos

Hi,
I am looking to lease a minivan and just stopped by a honda dealer to look at the car and test drive. I also go their basic price info and it was a lot higher than what I expected. I have gotten my MF and RV from the forums (61% and .0014), but they are using a MF of 0.0019 and say that its set by the manufacture. Is there any truth to that? I was also wondering if credit score plays into the MF at all as it is similar, I have very good credit and they havnt run a check yet so I dont think that would explain the difference.

Michaell

jgelderloos said:

Hi,
I am looking to lease a minivan and just stopped by a honda dealer to look at the car and test drive. I also go their basic price info and it was a lot higher than what I expected. I have gotten my MF and RV from the forums (61% and .0014), but they are using a MF of 0.0019 and say that its set by the manufacture. Is there any truth to that? I was also wondering if credit score plays into the MF at all as it is similar, I have very good credit and they havnt run a check yet so I dont think that would explain the difference.

We don't normally see Honda dealers marking up the MF.

I would confirm the bank that they are using, however; our numbers come from Honda Finance, but your dealer may be using a 3rd party bank or CU for their lease quotes.