I'm just curious as I'm fairly new to leasing. Can you setup a lease through another lender? If the MF (interest rate at which the money is being lended) is what's keeping the mo/pmt high, is it possible to finance the lease through a third party (another bank). I'm sure this is an incredibly hairy process as the dealer would not like this at all, but what's preventing that from happening?
I'm just curious as I'm fairly new to leasing. Can you setup a lease through another lender? If the MF (interest rate at which the money is being lended) is what's keeping the mo/pmt high, is it possible to finance the lease through a third party (another bank). I'm sure this is an incredibly hairy process as the dealer would not like this at all, but what's preventing that from happening?
If the dealers have access to a better lease program, they'll use it. If they can't get a better lease program from an independent bank, you certainly won't get one on your own.
I just got a quote yesterday for a new 2019 Honda Pilot LX AWD and I was wondering if it makes sense. It feels too good to be true (compared to all other quotes I got from other dealers). It's for 3 years with 10k limit a year (like all the other quotes I got)
monthly is $298 down is $792 for taxes (I believe it's 6.625%) + DMV (about $300) + $595 bank fee
i'm just curious how come these guys offer it thousands of dollars cheaper than other dealers? can they somehow manipulate the residual value to make it work for them? If I know for 100% that I'm not going to buy the car in 3 years, do I really care?
I just got a quote yesterday for a new 2019 Honda Pilot LX AWD and I was wondering if it makes sense. It feels too good to be true (compared to all other quotes I got from other dealers). It's for 3 years with 10k limit a year (like all the other quotes I got)
monthly is $298 down is $792 for taxes (I believe it's 6.625%) + DMV (about $300) + $595 bank fee
i'm just curious how come these guys offer it thousands of dollars cheaper than other dealers? can they somehow manipulate the residual value to make it work for them? If I know for 100% that I'm not going to buy the car in 3 years, do I really care?
Thanks
I'd still want the details.
I'll guess it's through a local credit union or other bank. Beware of large end-of-lease fees.
That doesn't make it a dirty trick. But, all banks are not created equal. When you go through Honda Finance for a lease, they have a vested interest in making sure you are happy at lease end. Joe's Credit Union may not feel the same way.
apparently that offer is not that awesome, since a different dealer told me he will beat it! will find out the number tomorrow. Any advice as to what I should be on the lookout for? (now I know about the disposition fee)
Hello, thanks for all the previous info. I am looking for 36 mo 10k miles MF RV and incentives/rebates in 07024 for both the 2019 Pilot AWD EX-L with Navi and Res, and 2019 Pilot AWD Touring. If it's not too much in 12K too. Sometimes I've heard dealers only offer the 12K pricing
Sorry, just for context, I went to a Honda dealer today and they told me this info for a 2019 EX-L with Navi and Res AWD, 10K miles:
MSRP 42,655 Invoice 39,068
Then they gave me 2 options, US Bank and Honda Financial
US Bank RV 60% MF 0.02400
Honda Financial RV 62% MF 0.002600
At first I thought that the MF was off, but looking at the forums, it seems like it's somewhat in line with the norm.
That's why I posted asking for the details asking to see if his numbers were legit. The US Bank rates work out to be better (like he said when I was there). Are there any drawbacks with going with a lender other than Honda Financial?
Sorry, just for context, I went to a Honda dealer today and they told me this info for a 2019 EX-L with Navi and Res AWD, 10K miles:
MSRP 42,655 Invoice 39,068
Then they gave me 2 options, US Bank and Honda Financial
US Bank RV 60% MF 0.02400
Honda Financial RV 62% MF 0.002600
At first I thought that the MF was off, but looking at the forums, it seems like it's somewhat in line with the norm.
That's why I posted asking for the details asking to see if his numbers were legit. The US Bank rates work out to be better (like he said when I was there). Are there any drawbacks with going with a lender other than Honda Financial?
Looks like the MSRP you got from Edmunds didn't include the destination fee. You have to click all the way through to the end. Use this link: https://www.edmunds.com/tmv.html
With those numbers, I wouldn't expect the USBank lease to be cheaper. Honda Finance seems to be very forgiving at lease end, with loyalty incentives, etc, if you lease another Honda. You won't get any of that from USBank, though I've heard nothing bad about them.
Honda Finance 36/12 .00240 MF and 60% residual, either trim
Maybe, you've transposed the two banks' programs, above?
Thanks for the feedback. What does a loyalty incentive usually look like? Is that just a rebate? Is above what you just listed for a 2019 EX-L AWD with RES and Navi? Do you have the 36/10 numbers too? Lastly, when calculating the RV, don't you use the MSRP before you add the destination in your calculations?
Thanks for the feedback. What does a loyalty incentive usually look like? Is that just a rebate? Is above what you just listed for a 2019 EX-L AWD with RES and Navi? Do you have the 36/10 numbers too? Lastly, when calculating the RV, don't you use the MSRP before you add the destination in your calculations?
Honda Finance does not offer a 10K mileage allowance.
Loyalty is just a rebate; make sure you understand the qualifications.
Yes, numbers are for EX-L AWD with RES and Nav.
RV is calculated against the total MSRP, including destination.
I know we are a month or so away from Passport pricing but since it is a brand new vehicle for Honda, do we foresee the initial leases to be worthwhile? Or will it take a few months for Honda to initiate a lease program for them? Thanks for any help!
I know we are a month or so away from Passport pricing but since it is a brand new vehicle for Honda, do we foresee the initial leases to be worthwhile? Or will it take a few months for Honda to initiate a lease program for them? Thanks for any help!
When the Passport is released, I expect to see lease programs with it.
However, I don't expect them to be very good, given the kind of interest it is generating.
I know we are a month or so away from Passport pricing but since it is a brand new vehicle for Honda, do we foresee the initial leases to be worthwhile? Or will it take a few months for Honda to initiate a lease program for them? Thanks for any help!
When the Passport is released, I expect to see lease programs with it.
However, I don't expect them to be very good, given the kind of interest it is generating.
I know we are a month or so away from Passport pricing but since it is a brand new vehicle for Honda, do we foresee the initial leases to be worthwhile? Or will it take a few months for Honda to initiate a lease program for them? Thanks for any help!
When the Passport is released, I expect to see lease programs with it.
However, I don't expect them to be very good, given the kind of interest it is generating.
Hi. I have a dealer quoting me a money factor of 0.00292 and residual of 61% through Honda Financial on the 2019 Honda Pilot EX-L AWD, 12k miles/yr, 36 month lease. Zip is 19382 (PA). He says these numbers are from Honda and they (the dealer) do not control those numbers. How is this possible with all of the 0.0024 and 62% numbers I am seeing on this forum? Is the dealer blowing smoke? Do they have the power to change these numbers but still lease through Honda? Thank you!
Hi. I have a dealer quoting me a money factor of 0.00292 and residual of 61% through Honda Financial on the 2019 Honda Pilot EX-L AWD, 12k miles/yr, 36 month lease. Zip is 19382 (PA). He says these numbers are from Honda and they (the dealer) do not control those numbers. How is this possible with all of the 0.0024 and 62% numbers I am seeing on this forum? Is the dealer blowing smoke? Do they have the power to change these numbers but still lease through Honda? Thank you!
It's rare to see a Honda dealer mark up the MF.
Do you know if you have top tier credit? That would be the other reason why the MF is marked up.
Looking at the info we have, if you waive the acquisition fee, the MF goes up .00055.
Or, shop a second dealer, and see if you get the same story.
Hmm. Yes, excellent credit was expressed and they are still including acquisition fee as well! Been trying to find out money factors at other dealers but not getting a lot of cooperation. The money factor and residual should be the same regardless of state, right? But according to your December info money factor on 2019 Honda Pilot EX-L AWD for 12k/yr ,36 months is 0.0024, and residual is 62%, right? Thank you Michaell!
Hmm. Yes, excellent credit was expressed and they are still including acquisition fee as well! Been trying to find out money factors at other dealers but not getting a lot of cooperation. The money factor and residual should be the same regardless of state, right? But according to your December info money factor on 2019 Honda Pilot EX-L AWD for 12k/yr ,36 months is 0.0024, and residual is 62%, right? Thank you Michaell!
Honda numbers are national, so all dealers should be singing off the same sheet.
I don't have the full breakdown but I got a lease quote for a 2019 Pilot AWD EX-L 36/12K for $2,500 all in due at signing and $400 per month. They will also take care of my remaining Honda accord payments totaling $1,650.
Once I receive the breakdown I will update, but I'm curious any initial thoughts on the deal?
I don't have the full breakdown but I got a lease quote for a 2019 Pilot AWD EX-L 36/12K for $2,500 all in due at signing and $400 per month. They will also take care of my remaining Honda accord payments totaling $1,650.
Once I receive the breakdown I will update, but I'm curious any initial thoughts on the deal?
I don't have the full breakdown but I got a lease quote for a 2019 Pilot AWD EX-L 36/12K for $2,500 all in due at signing and $400 per month. They will also take care of my remaining Honda accord payments totaling $1,650.
Once I receive the breakdown I will update, but I'm curious any initial thoughts on the deal?
What is the MSRP?
$40,655 is the MSRP for the AWD EX-L I confirmed on that dealer's site
I don't have the full breakdown but I got a lease quote for a 2019 Pilot AWD EX-L 36/12K for $2,500 all in due at signing and $400 per month. They will also take care of my remaining Honda accord payments totaling $1,650.
Once I receive the breakdown I will update, but I'm curious any initial thoughts on the deal?
What is the MSRP?
$40,655 is the MSRP for the AWD EX-L I confirmed on that dealer's site
That seems very reasonable. I wonder if it's through a credit union or independent bank.
I am looking for some advice. Currently I am in a lease for a 2016 Honda Odyssey EX-L but looking to switch to the Pilot. 12k/36M. We kept the van in great shape, weather tech mats and Custom Seat Covers. I owe $20,700 at the end of my lease (Feb). Carmax just gave me an appraisal of $23k. With out trying my dealer offered $450 plus first payment and plates for 2019 EX-L AWD Pilot. I don't know if they are banking on my equity in the van or if that is a good price to pay for the lease. Taking my trade in out of the picture what should I be paying the Pilot or what info should can I get you to help calc payments?
I am looking for some advice. Currently I am in a lease for a 2016 Honda Odyssey EX-L but looking to switch to the Pilot. 12k/36M. We kept the van in great shape, weather tech mats and Custom Seat Covers. I owe $20,700 at the end of my lease (Feb). Carmax just gave me an appraisal of $23k. With out trying my dealer offered $450 plus first payment and plates for 2019 EX-L AWD Pilot. I don't know if they are banking on my equity in the van or if that is a good price to pay for the lease. Taking my trade in out of the picture what should I be paying the Pilot or what info should can I get you to help calc payments?
Thanks!
MSRP? Selling price? Adjusted CAP cost? Exact amount due at signing?
When does your Odyssey lease end? What is the current payoff?
I don't know if they are banking on my equity in the van
If you don't know that, it's going to make evaluating the lease deal almost impossible.
Comments
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00240 MF and 59% residual
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thanks in advance!
.00240 MF and 57% residual
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Can I please get the 36 mo 12k/15k miles MF/RV for 2019 Pilot AWD EX and EX-L trims?
Also, what are the incentives available for 07057 for November?
Thanks!
.00240 MF
58%/59% residual for EX/EXL
No incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
59%/58% residual for EXL/Touring
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm just curious as I'm fairly new to leasing. Can you setup a lease through another lender? If the MF (interest rate at which the money is being lended) is what's keeping the mo/pmt high, is it possible to finance the lease through a third party (another bank). I'm sure this is an incredibly hairy process as the dealer would not like this at all, but what's preventing that from happening?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I just got a quote yesterday for a new 2019 Honda Pilot LX AWD and I was wondering if it makes sense. It feels too good to be true (compared to all other quotes I got from other dealers). It's for 3 years with 10k limit a year (like all the other quotes I got)
monthly is $298
down is $792 for taxes (I believe it's 6.625%) + DMV (about $300) + $595 bank fee
i'm just curious how come these guys offer it thousands of dollars cheaper than other dealers? can they somehow manipulate the residual value to make it work for them? If I know for 100% that I'm not going to buy the car in 3 years, do I really care?
Thanks
I'll guess it's through a local credit union or other bank. Beware of large end-of-lease fees.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
this is a rather large dealership which I have leased from before so I would suspect they don't do dirty tricks -
https://www.edmunds.com/dealerships/all/newyork/brooklyn/PlazaHonda/
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
will find out the number tomorrow.
Any advice as to what I should be on the lookout for? (now I know about the disposition fee)
MSRP 42,655
Invoice 39,068
Then they gave me 2 options, US Bank and Honda Financial
US Bank
RV 60%
MF 0.02400
Honda Financial
RV 62%
MF 0.002600
At first I thought that the MF was off, but looking at the forums, it seems like it's somewhat in line with the norm.
That's why I posted asking for the details asking to see if his numbers were legit. The US Bank rates work out to be better (like he said when I was there). Are there any drawbacks with going with a lender other than Honda Financial?
With those numbers, I wouldn't expect the USBank lease to be cheaper.
Honda Finance seems to be very forgiving at lease end, with loyalty incentives, etc, if you lease another Honda. You won't get any of that from USBank, though I've heard nothing bad about them.
Honda Finance
36/12
.00240 MF and 60% residual, either trim
Maybe, you've transposed the two banks' programs, above?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Loyalty is just a rebate; make sure you understand the qualifications.
Yes, numbers are for EX-L AWD with RES and Nav.
RV is calculated against the total MSRP, including destination.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
However, I don't expect them to be very good, given the kind of interest it is generating.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
36m
12k miles
02466 zip
sales rep called me and said rates dropped.
We still show .00240 MF and 59% residual
But, I wouldn't doubt them. Ask for the money factor. I'm certain the residuals haven't changed
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Interested in MF and RV for 2019 Honda Pilot Elite and Touring for zip 98059. 12K annually, 36 months
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Zip: 92626 (Southern California)
Term: 36/12K
Money Factor: ?
Residual: ?
Incentives: ?
Thanks in advance!
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
No lease incentives
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Do you know if you have top tier credit? That would be the other reason why the MF is marked up.
Looking at the info we have, if you waive the acquisition fee, the MF goes up .00055.
Or, shop a second dealer, and see if you get the same story.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Once I receive the breakdown I will update, but I'm curious any initial thoughts on the deal?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I am looking for some advice. Currently I am in a lease for a 2016 Honda Odyssey EX-L but looking to switch to the Pilot. 12k/36M. We kept the van in great shape, weather tech mats and Custom Seat Covers. I owe $20,700 at the end of my lease (Feb). Carmax just gave me an appraisal of $23k. With out trying my dealer offered $450 plus first payment and plates for 2019 EX-L AWD Pilot. I don't know if they are banking on my equity in the van or if that is a good price to pay for the lease. Taking my trade in out of the picture what should I be paying the Pilot or what info should can I get you to help calc payments?
Thanks!
Selling price?
Adjusted CAP cost?
Exact amount due at signing?
When does your Odyssey lease end?
What is the current payoff?
I don't know if they are banking on my equity in the van
If you don't know that, it's going to make evaluating the lease deal almost impossible.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator