2023 Honda Ridgeline Lease Deals and Purchase Prices

Michaell

MJOP said:

Hi - please help with MF and residuals for 27 and 36 mo- thanks

2023 Ridgeline RTL-E, MF, RV, 27/10 incentives?
2023 Ridgeline RTL-E, MF, RV, 36/10, incentives?

ZIP 92630

Thanks!
Mark

.00120 MF
72%
67% RV
No lease incentives

smooremin

Good afternoon, may I have the residual , MF and any incentives (Conquest, which brands?) on 24/10k on a Sport and black edition in 60606.

Thanks as always!

Michaell

smooremin said:

Good afternoon, may I have the residual , MF and any incentives (Conquest, which brands?) on 24/10k on a Sport and black edition in 60606.

Thanks as always!

.00120 MF
72% RV
No lease incentives

Either trim

$1250 conquest - Eligible customers may receive Conquest Award towards Cap Cost Reduction when select competitive owners lease a new and not previously reported sold 2023 Ridgeline through HFS financing. Conquest Eligible Customers: Current owners of any 2013 or newer Buick, Chevrolet, Chrysler, Dodge, RAM, Fiat, Ford, GMC, Hyundai, Jeep, Kia, Mazda, Mini, Mitsubishi, Nissan, Scion, Subaru, Tesla, Toyota, Volkswagen vehicles. Trade in of current vehicle not required. Members of the same household are eligible. Client must provide proof of ownership. Current vehicle registration and/or proof of valid auto insurance.

Savsim

MF, RV, and incentives on a 2023 black edition in 92223 for 36/10.
Thank you

Michaell

Savsim said:

MF, RV, and incentives on a 2023 black edition in 92223 for 36/10.

Thank you

.00120 MF and 66% RV
No lease incentives

cam737

Hello.
I’m looking for the MF, RV, incentives for the 2023 rtl-e 36/10 in 34747.
Thanks!

Michaell

cam737 said:

Hello.
I’m looking for the MF, RV, incentives for the 2023 rtl-e 36/10 in 34747.
Thanks!

.00120 and 67%
No lease incentives

cam737

Hello again,
I’m looking for the MF, RV, incentives for the 2023 RTL 36/10 in 34747.
Thanks!

kyfdx

cam737 said:

Hello again,
I’m looking for the MF, RV, incentives for the 2023 RTL 36/10 in 34747.
Thanks!

.00120 MF and 65% residual
No lease incentives

cam737

Hello.
Thanks. I am also looking for the MF, RV, incentives for the 2023 RTL Sport 36/10 in 34747.
Thanks!

Dinab

2023 Ridgeline RTL- E and black edition. 36/10, MF, residual, incentives for 97034. Thank you.

Michaell

cam737 said:

Hello.
Thanks. I am also looking for the MF, RV, incentives for the 2023 RTL Sport 36/10 in 34747.
Thanks!

.00120 MF
66% Sport
65% RTL
No lease incentives

Michaell

Dinab said:

2023 Ridgeline RTL- E and black edition. 36/10, MF, residual, incentives for 97034. Thank you.

.00120 MF
67% RTL-E
66% Black
No lease incentives

cam737

Michaell said:

cam737 said:

Hello.
I’m looking for the MF, RV, incentives for the 2023 rtl-e 36/10 in 34747.
Thanks!

.00120 and 67%
No lease incentives

Local dealers central Florida are advertising a $1250 "Honda Conquest Offer" to owners of various other brands. Can anyone confirm that is an incentive from Honda Japan?

Michaell

cam737 said:

Michaell said:

cam737 said:

Hello.
I’m looking for the MF, RV, incentives for the 2023 rtl-e 36/10 in 34747.
Thanks!

.00120 and 67%
No lease incentives

Local dealers central Florida are advertising a $1250 "Honda Conquest Offer" to owners of various other brands. Can anyone confirm that is an incentive from Honda Japan?

Confirm $1250 conquest from Honda Finance.

cam737

Thank you!

cbeddy110

2023 Ridgeline 4x4 RTL- E, 24/10, 36/10, MF, residual for 35640.

kyfdx

cbeddy110 said:

2023 Ridgeline 4x4 RTL- E, 24/10, 36/10, MF, residual for 35640.

.00120 MF
73%/67% residual

cam737

Hey guys. I have been doing battle (by email) with the finance dept over a Honda Ridgeline RTL-E HFS lease 36/10 with $1250 Conquest. Here are the numbers agreed to with the sales manager:

$46,075.00 MSRP
+ 1,096.39 Add ons
47,171.39 Window Sticker
- 3,171.39 Dealer Discount
44,000.00
+ 595.00 Lease Acquisition Fee
+ 210.64 Tax
+ 366.50 Tag/Title
+ 799.00 Dealer Fee
45,971.14
- 4,931.45 Trade Equity
- 1,250.00 Honda Conquest Offer
$39,789.69 Gross Cap Cost

Honda Lease for RTL-E, 36/10, should be MF = .00120 and RV = .67%. The finance manager then sent me the lease agreement with a $366 monthly payment. My lease calculators show a much lower payment maybe around $265. He doesn't seem to want to say the MF even after I ask.

Below are some of the numbers he sent me. He shows Gross Cap Cost $45,487 and something called a Net Cap Cost. ? I think the Adjusted (Net) Gross Cap Cost should be $39,789.69. The Conquest Offer should not be a rebate. The 67% RV looks correct on the lease. It seems it should be as simple as Adj Cap Cost, MF, RV, and terms. What am I missing?
--------------

Here is the breakdown of the net cap cost and your inceptions.

Selling Price = $44,000.00
Acquisition fee = $595.00
Dealer Fee = $799.00
Capped Taxes = $93.75
Gross Cap Cost = $45,487.75
Rebate = ($1250.00)
Trade Cap Reduction = ($4072.98)
Net Cap Cost = $40164.77

Inception Fee (covered by trade equity)
1st Payment = $366.26
Title & Reg (State) = $225
Lemon Law (State) = $2.00
Battery Fee (State) = $1.50
Rental Charge (State) = $60.00
Electronic Filing Fee (Dealer) = $98.00
Cap Reduction Taxes = $93.75
Tax on Up Front's = $11.96
Total Inception Fees = $858.47

Michaell

cam737 said:

Hey guys. I have been doing battle (by email) with the finance dept over a Honda Ridgeline RTL-E HFS lease 36/10 with $1250 Conquest. Here are the numbers agreed to with the sales manager:

$46,075.00 MSRP
+ 1,096.39 Add ons
47,171.39 Window Sticker
- 3,171.39 Dealer Discount
44,000.00
+ 595.00 Lease Acquisition Fee
+ 210.64 Tax
+ 366.50 Tag/Title
+ 799.00 Dealer Fee
45,971.14
- 4,931.45 Trade Equity
- 1,250.00 Honda Conquest Offer
$39,789.69 Gross Cap Cost

Honda Lease for RTL-E, 36/10, should be MF = .00120 and RV = .67%. The finance manager then sent me the lease agreement with a $366 monthly payment. My lease calculators show a much lower payment maybe around $265. He doesn't seem to want to say the MF even after I ask.

Below are some of the numbers he sent me. He shows Gross Cap Cost $45,487 and something called a Net Cap Cost. ? I think the Adjusted (Net) Gross Cap Cost should be $39,789.69. The Conquest Offer should not be a rebate. The 67% RV looks correct on the lease. It seems it should be as simple as Adj Cap Cost, MF, RV, and terms. What am I missing?
--------------

Here is the breakdown of the net cap cost and your inceptions.

Selling Price = $44,000.00
Acquisition fee = $595.00
Dealer Fee = $799.00
Capped Taxes = $93.75
Gross Cap Cost = $45,487.75
Rebate = ($1250.00)
Trade Cap Reduction = ($4072.98)
Net Cap Cost = $40164.77

Inception Fee (covered by trade equity)
1st Payment = $366.26
Title & Reg (State) = $225
Lemon Law (State) = $2.00
Battery Fee (State) = $1.50
Rental Charge (State) = $60.00
Electronic Filing Fee (Dealer) = $98.00
Cap Reduction Taxes = $93.75
Tax on Up Front's = $11.96
Total Inception Fees = $858.47

Using their numbers, I get $343/mo plus tax, so the $366/mo quote seems about right.

No way will the payment be much lower than that - every $1000 off the net cap cost is about $30/mo lower on the payment.

I suspect your inputs are wrong if you're seeing $265/mo.

cam737

Thanks!
The finance manager just sent me an email clarifying my questions. I am still confused on the "rent factor"/interest calculation.(new term..."rent factor"?) In Florida, I think I only pay sales tax on the difference between trade-in price and new vehicle price. I don't know how to calculate that. Thoughts?
------
His email:
Depreciation = Net Cap Cost ($40164.77) less Residual ($30,870.25) which is $9294.52, divided by 36 monthly payments = $258.18
Rent Factor = Net Cap Cost ($40164.77) plus Residual ($30,870.25) which is $71,035.02 x .0012 (MF) = $85.24
Base Payment = Monthly Depreciation ($258.18) plus Monthly Rent Factor ($85.24) = $343.42
Total Payment = Base Payment ($343.42) plus Monthly Use Tax ($22.32) = $365.74
------

cam737

I am trying to post the lease contract. Insert image and choose file doesn't seem to work. Fail.

Michaell

cam737 said:

Thanks!
The finance manager just sent me an email clarifying my questions. I am still confused on the "rent factor"/interest calculation.(new term..."rent factor"?) In Florida, I think I only pay sales tax on the difference between trade-in price and new vehicle price. I don't know how to calculate that. Thoughts?
------
His email:
Depreciation = Net Cap Cost ($40164.77) less Residual ($30,870.25) which is $9294.52, divided by 36 monthly payments = $258.18
Rent Factor = Net Cap Cost ($40164.77) plus Residual ($30,870.25) which is $71,035.02 x .0012 (MF) = $85.24
Base Payment = Monthly Depreciation ($258.18) plus Monthly Rent Factor ($85.24) = $343.42
Total Payment = Base Payment ($343.42) plus Monthly Use Tax ($22.32) = $365.74
------

Rent factor is the lease equivalent to the interest paid.

I agree with the calculations provided.

kyfdx

cam737 said:

Thanks!
The finance manager just sent me an email clarifying my questions. I am still confused on the "rent factor"/interest calculation.(new term..."rent factor"?) In Florida, I think I only pay sales tax on the difference between trade-in price and new vehicle price. I don't know how to calculate that. Thoughts?
------
His email:
Depreciation = Net Cap Cost ($40164.77) less Residual ($30,870.25) which is $9294.52, divided by 36 monthly payments = $258.18
Rent Factor = Net Cap Cost ($40164.77) plus Residual ($30,870.25) which is $71,035.02 x .0012 (MF) = $85.24
Base Payment = Monthly Depreciation ($258.18) plus Monthly Rent Factor ($85.24) = $343.42
Total Payment = Base Payment ($343.42) plus Monthly Use Tax ($22.32) = $365.74
------

You pay sales tax on the monthly payment. Any trade equity used for CAP reduction is also taxed, upfront.

cam737

Thanks again!

SillyMikey

Hello, how much should I expect to pay for a lease (zip 15211) 3k in equity on trade (Honda Accord 2.0t 12k miles) for a Honda Ridgeline lease, RL Sport @ 40,500 sticker and RL RTL-E @ 47,000 sticker. My best quote on the sport was at 395 out the door including 7% sales tax factored on a 36\12k agreement. I have not gotten numbers for the RTL-E. Would I be better off selling the accord and going in with cash? I can pull about 5k out of it via Carvana. Thanks for any help and let me know where I can gift the pizza😃.

kyfdx

SillyMikey said:

Hello, how much should I expect to pay for a lease (zip 15211) 3k in equity on trade (Honda Accord 2.0t 12k miles) for a Honda Ridgeline lease, RL Sport @ 40,500 sticker and RL RTL-E @ 47,000 sticker. My best quote on the sport was at 395 out the door including 7% sales tax factored on a 36\12k agreement. I have not gotten numbers for the RTL-E. Thanks for any help and let me know where I can gift the pizza😃.

We don't know what they sell for.

But, $395 with $3000 upfront for a $40K MSRP vehicle is pretty good, in the current market.

SillyMikey

@kyfdx said:
We don't know what they sell for.

But, $395 with $3000 upfront for a $40K MSRP vehicle is pretty good, in the current market.

The sales price was reduced to 38100

kyfdx

SillyMikey said:

@kyfdx said:

We don't know what they sell for.

But, $395 with $3000 upfront for a $40K MSRP vehicle is pretty good, in the current market.

The sales price was reduced to 38100

Seems about right. Sales tax on a lease in PA is 9%-11%, depending on your local rate.

cam737

I leased a 2023 Honda Ridgeline RTL-E (Modern Steel Metallic) today in central Florida! Great to finally see a manufacturer supporting MF, RV, and offers (Conquest and Military)! I did all negotiating by email. I insisted that papers would be ready to sign at pickup and that is exactly what happened. I had the sales and lease contracts emailed to me for review before going to dealership. Dealer matched the CarMax offer for trade in.

SALES CONTRACT MATH:

$46,075.00 MSRP
+ 1,096.39 Add ons (floor mats, tint)
47,171.39 Window Sticker
- 3,171.39 Dealer Discount
44,000.00 Sales Price
+ 595.00 Acquisition Fee for Honda Lease
+ 93.75 Tax
+ 858.47 Inception Fees includes 1st payment
+ 799.00 Dealer Fee Total Fees: ($2346.22-$351.40) = $1,994.82
46,346.22
- 4,931.45 Trade Equity
- 500.00 Military Appreciation
- 1,250.00 Honda Conquest Offer Total Credits: $6,681.45 ($1,750 from Honda)
$39,664.77 Adjusted Cap Cost

Current Honda Financial Services Lease Terms:
36 month / 10,000mi RTL-E Lease
MF = .00120
RV = 67%

Monthly payment is $347.01.
I decided to roll my trade equity into the deal, but, I do assume a risk of losing that money if truck is totaled or stolen. Love the truck!
Thanks to Edmunds moderators for providing the tools needed to work a deal!

kyfdx

cam737 said:

I leased a 2023 Honda Ridgeline RTL-E (Modern Steel Metallic) today in central Florida! Great to finally see a manufacturer supporting MF, RV, and offers (Conquest and Military)! I did all negotiating by email. I insisted that papers would be ready to sign at pickup and that is exactly what happened. I had the sales and lease contracts emailed to me for review before going to dealership. Dealer matched the CarMax offer for trade in.

SALES CONTRACT MATH:

$46,075.00 MSRP
+ 1,096.39 Add ons (floor mats, tint)
47,171.39 Window Sticker
- 3,171.39 Dealer Discount
44,000.00 Sales Price
+ 595.00 Acquisition Fee for Honda Lease
+ 93.75 Tax
+ 858.47 Inception Fees includes 1st payment
+ 799.00 Dealer Fee Total Fees: ($2346.22-$351.40) = $1,994.82
46,346.22
- 4,931.45 Trade Equity
- 500.00 Military Appreciation
- 1,250.00 Honda Conquest Offer Total Credits: $6,681.45 ($1,750 from Honda)
$39,664.77 Adjusted Cap Cost

Current Honda Financial Services Lease Terms:
36 month / 10,000mi RTL-E Lease
MF = .00120
RV = 67%

Monthly payment is $347.01.
I decided to roll my trade equity into the deal, but, I do assume a risk of losing that money if truck is totaled or stolen. Love the truck!
Thanks to Edmunds moderators for providing the tools needed to work a deal!

Congrats! Thanks for the report

SillyMikey

Good morning! Would someone be able to help me with a lease deal on a Ridgeline RTL-E (selling price 44k)? MF, RV, 36/12k, zip 15211?

I'm putting 3k into the deal via trade equity (getting 27k for my car) and qualify for the 1250 loyalty rebate/discount. Thank you very much in advance

kyfdx

SillyMikey said:

Good morning! Would someone be able to help me with a lease deal on a Ridgeline RTL-E (selling price 44k)? MF, RV, 36/12k, zip 15211?

I'm putting 3k into the deal via trade equity (getting 27k for my car) and qualify for the 1250 loyalty rebate/discount. Thank you very much in advance

.00120 MF and 66% residual

See the Price Checker link below, for Edmunds research

SillyMikey

Thank you!

sh67112

Can I please get info for the following?

Ridge line Sport and RTL
36mo/10k
RV, MF & any incentives
Zip is 02635

Thanks in advance

Michaell

sh67112 said:

Can I please get info for the following?

Ridge line Sport and RTL

36mo/10k

RV, MF & any incentives

Zip is 02635

Thanks in advance

.00120 MF
66% Sport
65% RTL
No lease incentives

jehatizzle

Please provide MF, RV, discounts/incentive for 2023 Ridgeline Sport @ 24mos 10k and 12k in 30126 zip. Thanks in advance.

Michaell

jehatizzle said:

Please provide MF, RV, discounts/incentive for 2023 Ridgeline Sport @ 24mos 10k and 12k in 30126 zip. Thanks in advance.

24/12
.00120 MF and 71% RV
No lease incentives

Rth21

Looking for 2023 Honda Ridgeline Black Edition Money Factor and Residual for 36/10 lease.
Area Code: 97206

kyfdx

Rth21 said:

Looking for 2023 Honda Ridgeline Black Edition Money Factor and Residual for 36/10 lease.
Area Code: 97206

.00120 MF and 66% residual

Dinab

One dealer is telling me that the $1250 conquest can't be used on a one pay lease. Can you confirm? And is Honda's end of this month on the 31st? 97034 if it makes a difference. Thanks.

Michaell

Dinab said:

One dealer is telling me that the $1250 conquest can't be used on a one pay lease. Can you confirm? And is Honda's end of this month on the 31st? 97034 if it makes a difference. Thanks.

Our information shows that the Honda lease programs run through 9/5.

No help if conquest is invalid with one-pay. Check with a second dealer and see if you get the same answer.

Dinab

2023 Ridgeline RTL, RTL- E and black edition. 30 and 36/10, MF, residual, incentives for 97034. I'm assuming one pay is still minus 0.00080? Thank you.

kyfdx

Dinab said:

2023 Ridgeline RTL, RTL- E and black edition. 30 and 36/10, MF, residual, incentives for 97034. I'm assuming one pay is still minus 0.00080? Thank you.

New programs start on Wednesday

Dinab

Sorry, forgot it changes tomorrow.

e_iva

Hi,

Can I get MF, RV, and any incentives (conquest or loyalty?) for RTL and RTL-E for 36/10k registered in 18104? Thanks so much!

kyfdx

e_iva said:

Hi,

Can I get MF, RV, and any incentives (conquest or loyalty?) for RTL and RTL-E for 36/10k registered in 18104? Thanks so much!

.00103 MF
64% and 66% residual

$1500 loyalty or conquest

rh04me

Hi, can I please get the MF and residual along with any incentives for a 2023 Honda ridgeline black series awd for 36/10k in 46077. Thank you.

kyfdx

rh04me said:

Hi, can I please get the MF and residual along with any incentives for a 2023 Honda ridgeline black series awd for 36/10k in 46077. Thank you.

.00103 MF and 65% residual
No lease incentives

Alirette

Hello,

I'm looking for the MF, residual and any incentives for the 2023 RTL and RTL-E. 36/10 and 36/12 in 70003.

Thanks in advance!