2016 Honda Pilot Touring AWD

Answers

• kyfdx Moderator Posts: 260,863

  September 2016

  melendez8211 said:

  Ive gathered from my research that the current MF & Residual Value are 0.00175 & 59%.
  I'd like to share my calculations on payments. Please correct and/or guide any way possible.
  
  (36m/12k, MF 0.00175, RV 59%)
  
  MSRP (per salesman) $41,300.00
  Negotiated Price: $38,600.00
  Residual Value $25,724.00
  Depreciation $12,876.00
  Base Lease Payment $357.67
  Money Factor $112.57
  Total Base Lease Payment $470.23 (Est.)
  
  We are putting taxes and fees up front. Also coming out of a previous lease. Is Honda offering any incentives on this?
  
  Thanks.

  The correct residual is 58%
  Residual Value is a percentage of MSRP. Just multiply the MSRP by the residual percentage. If you do that, you'll see that your MSRP and residual don't match up (with either 58% or 59%)
  
  Try "building" the vehicle on-line, to get the correct MSRP.

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• melendez8211 Member Posts: 2

  September 2016

  My apologies. 
  
  The correct MSRP I went by was $43,600. $41,600 is the offer the salesman gave me. 
  I used 59% RV. 

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• kyfdx Moderator Posts: 260,863

  September 2016

  melendez8211 said:

  My apologies. 
  
  The correct MSRP I went by was $43,600. $41,600 is the offer the salesman gave me. 
  I used 59% RV. 

  Your math is correct, then. Using the correct 58% residual changes the payment to $481.58

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