2020 Honda Passport Lease Deals and Prices

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  • MichaellMichaell Moderator Posts: 259,893

    Michaell said:

    Looking for some feedback on the following numbers. I'm based out of North NJ 07430, looking at the 2020 Passport EXL AWD 36/12 DAS $0. For some reason, I'm trying to figure out why my sales taxes don't match the Dealers quote. Ideally, I would like to be in the 330 monthly payment range. For that to happen, the dealer would need to discount 15% off MSRP prior to the 1K rebate. Don't know how realistic this will be with Honda since I'm aware most don't lease pretty well.

    MSRP= $39,530
    RV= 65% $25,694.5
    MF= .00125
    Sales Price $35,600.00(including 1K Rebate)
    Accessories: $499.00
    Government Fees: $307
    Doc Fee:$ 516.00
    Acquisition Fee: $595.00
    Cap Taxes: $950.12 I get $849.49
    Cap Cost: $38,467.11

    Depreciation Cost $354.81+Finance cost $80.20= Monthly Payment $435.01
    Depreciation Cost $352.01+Finance Cost $80.08=Monthly Payment $432.09

    Are you paying the fees up front, or are they being added into the selling price? That might account for the sales tax delta.

    I don't see you getting to $330/mo without a substantial discount from sticker, on top of what you are already getting.
    I would roll everything into the monthly payment. Dealer is discounting 7.4% off MSRP, without the 1k rebate. I will try other dealers, not in a rush I have a civic that has 4 payments left. I know Honda doesn't offer MSD's, however does MF change on a one payment lease?
    Deduct .00080 for one-pay.

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  • dafifthletterdafifthletter Member Posts: 43
    Michaell said:

    Michaell said:

    Looking for some feedback on the following numbers. I'm based out of North NJ 07430, looking at the 2020 Passport EXL AWD 36/12 DAS $0. For some reason, I'm trying to figure out why my sales taxes don't match the Dealers quote. Ideally, I would like to be in the 330 monthly payment range. For that to happen, the dealer would need to discount 15% off MSRP prior to the 1K rebate. Don't know how realistic this will be with Honda since I'm aware most don't lease pretty well.

    MSRP= $39,530
    RV= 65% $25,694.5
    MF= .00125
    Sales Price $35,600.00(including 1K Rebate)
    Accessories: $499.00
    Government Fees: $307
    Doc Fee:$ 516.00
    Acquisition Fee: $595.00
    Cap Taxes: $950.12 I get $849.49
    Cap Cost: $38,467.11

    Depreciation Cost $354.81+Finance cost $80.20= Monthly Payment $435.01
    Depreciation Cost $352.01+Finance Cost $80.08=Monthly Payment $432.09

    Are you paying the fees up front, or are they being added into the selling price? That might account for the sales tax delta.

    I don't see you getting to $330/mo without a substantial discount from sticker, on top of what you are already getting.
    I would roll everything into the monthly payment. Dealer is discounting 7.4% off MSRP, without the 1k rebate. I will try other dealers, not in a rush I have a civic that has 4 payments left. I know Honda doesn't offer MSD's, however does MF change on a one payment lease?
    Deduct .00080 for one-pay.
    One pay would be .00045(1.08) vs .00125(3%). That would save an additional $1.9K, appreciate the response.
  • MichaellMichaell Moderator Posts: 259,893

    Michaell said:

    Michaell said:

    Looking for some feedback on the following numbers. I'm based out of North NJ 07430, looking at the 2020 Passport EXL AWD 36/12 DAS $0. For some reason, I'm trying to figure out why my sales taxes don't match the Dealers quote. Ideally, I would like to be in the 330 monthly payment range. For that to happen, the dealer would need to discount 15% off MSRP prior to the 1K rebate. Don't know how realistic this will be with Honda since I'm aware most don't lease pretty well.

    MSRP= $39,530
    RV= 65% $25,694.5
    MF= .00125
    Sales Price $35,600.00(including 1K Rebate)
    Accessories: $499.00
    Government Fees: $307
    Doc Fee:$ 516.00
    Acquisition Fee: $595.00
    Cap Taxes: $950.12 I get $849.49
    Cap Cost: $38,467.11

    Depreciation Cost $354.81+Finance cost $80.20= Monthly Payment $435.01
    Depreciation Cost $352.01+Finance Cost $80.08=Monthly Payment $432.09

    Are you paying the fees up front, or are they being added into the selling price? That might account for the sales tax delta.

    I don't see you getting to $330/mo without a substantial discount from sticker, on top of what you are already getting.
    I would roll everything into the monthly payment. Dealer is discounting 7.4% off MSRP, without the 1k rebate. I will try other dealers, not in a rush I have a civic that has 4 payments left. I know Honda doesn't offer MSD's, however does MF change on a one payment lease?
    Deduct .00080 for one-pay.
    One pay would be .00045(1.08) vs .00125(3%). That would save an additional $1.9K, appreciate the response.
    Yes, substantial. If you have the money to go that route, I recommend it.

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  • aimt29aimt29 Member Posts: 32
    Would appreciate MF, RV & incentives for an EX-L AWD, 36/15, in 60076.
  • kyfdxkyfdx Moderator Posts: 262,072
    aimt29 said:

    Would appreciate MF, RV & incentives for an EX-L AWD, 36/15, in 60076.

    .00125 MF and 63% residual
    $400 incentive

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  • budda007budda007 Member Posts: 16
    Hi, I would like MF, RV and incentives for EX-L AWD, 36/12 in 84121. Thanks!
  • kyfdxkyfdx Moderator Posts: 262,072
    budda007 said:

    Hi, I would like MF, RV and incentives for EX-L AWD, 36/12 in 84121. Thanks!

    .00125 MF and 65% residual
    $400 incentive

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  • DaxfinnStAugDaxfinnStAug Member Posts: 4
    Numbers for a SPORT AWD 32092
  • kyfdxkyfdx Moderator Posts: 262,072

    Numbers for a SPORT AWD 32092

    36/15
    .00125 MF and 64% residual

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  • DaxfinnStAugDaxfinnStAug Member Posts: 4
    kyfdx said:

    Numbers for a SPORT AWD 32092

    36/15
    .00125 MF and 64% residual
    Thank you!!
    Any incentives?
    36/12k 65% or still 64%? How about FWD 65%?


  • kyfdxkyfdx Moderator Posts: 262,072

    kyfdx said:

    Numbers for a SPORT AWD 32092

    36/15
    .00125 MF and 64% residual
    Thank you!!
    Any incentives?
    36/12k 65% or still 64%? How about FWD 65%?


    66% residual for 36/12

    No incentives

    FWD or AWD

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  • Mhussain8Mhussain8 Member Posts: 24
    May I have the numbers for 2020 EXL 2WD 12k miles
  • MichaellMichaell Moderator Posts: 259,893
    Mhussain8 said:

    May I have the numbers for 2020 EXL 2WD 12k miles

    What is your ZIP code?

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  • Mhussain8Mhussain8 Member Posts: 24
    Michaell said:

    Mhussain8 said:

    May I have the numbers for 2020 EXL 2WD 12k miles

    What is your ZIP code?
    Sorry, 32825
  • MichaellMichaell Moderator Posts: 259,893
    Mhussain8 said:

    Michaell said:

    Mhussain8 said:

    May I have the numbers for 2020 EXL 2WD 12k miles

    What is your ZIP code?
    Sorry, 32825
    36/12
    .00125 and 65%
    $400 incentive

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  • mrprofilemrprofile Member Posts: 2
    2020 Honda Passport Touring 2WD; Can I get the MF and RV in 90036
    Thank you
  • kyfdxkyfdx Moderator Posts: 262,072
    mrprofile said:

    2020 Honda Passport Touring 2WD; Can I get the MF and RV in 90036
    Thank you

    36/15
    .00125 MF and 62% residual
    $900 incentive

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  • aimt29aimt29 Member Posts: 32
    2020 passport AWD EX-L
    15k/36 months
    Can I please ha e the MF, RV and Incentives for 60076
  • MichaellMichaell Moderator Posts: 259,893
    aimt29 said:

    2020 passport AWD EX-L
    15k/36 months
    Can I please ha e the MF, RV and Incentives for 60076

    .00125 and 63%
    $900 incentive

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  • 0outofpocket0outofpocket Member Posts: 21
    Hi, could I see the MF, RV,and incentives for Passport Sport 2WD in 28031? Thank you.
  • kyfdxkyfdx Moderator Posts: 262,072

    Hi, could I see the MF, RV,and incentives for Passport Sport 2WD in 28031? Thank you.

    36/15
    .00125 MF and 64% residual

    No lease incentives

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  • Pdawg0821Pdawg0821 Member Posts: 2
    Hello... I'm looking for the MF and RV for a 2020 Honda passport elite, lease 36/15 in 90731 and 90274. Thank you!
  • kyfdxkyfdx Moderator Posts: 262,072
    Pdawg0821 said:

    Hello... I'm looking for the MF and RV for a 2020 Honda passport elite, lease 36/15 in 90731 and 90274. Thank you!

    .00125 MF and 60% residual
    $900 incentive

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  • grdnrchgrdnrch Member Posts: 4
    Hi there and thanks in advance! I'm looking for the MF and RV for a 2020 Honda passport elite, lease 36/12 in 94118.
  • MichaellMichaell Moderator Posts: 259,893
    grdnrch said:

    Hi there and thanks in advance! I'm looking for the MF and RV for a 2020 Honda passport elite, lease 36/12 in 94118.

    .00125 and 62%
    $900 incentive

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  • Steven25Steven25 Member Posts: 108
    Hi - Could you please provide RV MF Incentives for a AWD Passport EX-L 2020 36/12k zip 22401. How about FWD?
  • kyfdxkyfdx Moderator Posts: 262,072
    Steven25 said:

    Hi - Could you please provide RV MF Incentives for a AWD Passport EX-L 2020 36/12k zip 22401. How about FWD?

    .00125 MF and 65% residual
    $400 incentive

    Either drive

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  • rh04merh04me Member Posts: 50
    Hi, can I please have the MF, RV and any incentives for a 2020 Passport Sport AWD for zip code 46077. Thank you!
  • kyfdxkyfdx Moderator Posts: 262,072
    rh04me said:

    Hi, can I please have the MF, RV and any incentives for a 2020 Passport Sport AWD for zip code 46077. Thank you!

    36/15
    .00125 MF and 64% residual

    No lease incentives

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  • QdxchalstonQdxchalston Member Posts: 20
    edited June 2020
    2020 passport AWD touring and elite
    15k/36 months
    Can I please have the MF, RV and Incentives for 29445. Thank you.
  • MichaellMichaell Moderator Posts: 259,893

    2020 passport AWD touring and elite
    15k/36 months
    Can I please have the MF, RV and Incentives for 29445. Thank you.

    .00125 and 62% / 60% for Touring / Elite
    $400 incentive

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  • jdmdc5jdmdc5 Member Posts: 67
    edited June 2020
    Looking for MF, Res, incentives for a 2020 Passport Elite/touring AWD
    36/12
    Zip 12590
    Any additional incentives for current Honda lease owners?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 262,072
    jdmdc5 said:

    Looking for MF, Res, incentives for a 2020 Passport Elite/touring AWD
    36/12
    Zip 12590
    Any additional incentives for current Honda lease owners?

    Thanks!

    .00125 MF
    $400 incentive

    64%/62% residual for Touring/Elite

    Don't see loyalty incentives

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  • hsvnolehsvnole Member Posts: 76
    Looking for MF, residual and any incentives for a 2020 Passport EX-L FWD.
    36/12
    Zip 35806
  • hsvnolehsvnole Member Posts: 76
    hsvnole said:

    Looking for MF, residual and any incentives for a 2020 Passport EX-L FWD.
    36/12
    Zip 35806

    Also need same for Touring (FWD or AWD)
  • kyfdxkyfdx Moderator Posts: 262,072
    hsvnole said:

    hsvnole said:

    Looking for MF, residual and any incentives for a 2020 Passport EX-L FWD.
    36/12
    Zip 35806

    Also need same for Touring (FWD or AWD)
    .00125 MF
    $400 incentive
    63%/62% residual for EXL/Touring

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  • Bears61olBears61ol Member Posts: 3
    Currently looking at a 2020 Passport EX-L AWD. MSRP $39530. Dealership offering it for $349, 36 months 10 with 0 down, first payment etc. Not including taxes etc. This is in 19428. Thoughts?
  • kyfdxkyfdx Moderator Posts: 262,072
    Bears61ol said:

    Currently looking at a 2020 Passport EX-L AWD. MSRP $39530. Dealership offering it for $349, 36 months 10 with 0 down, first payment etc. Not including taxes etc. This is in 19428. Thoughts?

    What is etc.?

    Why are they quoting a payment without tax?

    Your "quote" leaves a lot of room for guessing.

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  • pensfan83pensfan83 Member Posts: 2,751
    Is the minimum mileage for Honda still 12K? Looks like some are referencing 10K though that could be with lenders like Ally.
    1997 Honda Prelude Base - 2022 Acura MDX Type S Advance - 2021 Honda Passport Sport - 2006 BMW 330Ci ZHP
  • Bears61olBears61ol Member Posts: 3
    2020 Passport EXL
    MSRP 39535
    Sale Price 35335
    Residual 26089.80
    Doc Fee 389
    Money Factor .00125
    36 months 10k
    Base Payment 366.55
    Taxes 32.99
    Monthly payment 399.54
    399.54 due at signing
    Zip 19428
    Same vehicle
    36 months 12k is $419 month

    Thoughts?
  • MichaellMichaell Moderator Posts: 259,893
    pensfan83 said:

    Is the minimum mileage for Honda still 12K? Looks like some are referencing 10K though that could be with lenders like Ally.

    Honda Finance is offering a 10K mileage allowance, but only in select locations.

    (FWIW, Pittsburgh is not on that list)

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  • MichaellMichaell Moderator Posts: 259,893
    Bears61ol said:

    2020 Passport EXL
    MSRP 39535
    Sale Price 35335
    Residual 26089.80
    Doc Fee 389
    Money Factor .00125
    36 months 10k
    Base Payment 366.55
    Taxes 32.99
    Monthly payment 399.54
    399.54 due at signing
    Zip 19428
    Same vehicle
    36 months 12k is $419 month

    Thoughts?

    .00125 and 66% for 36/10

    If I add the doc fee and the bank fee ($595) to the selling price, I get $362/mo before tax.

    There might be a small fee that accounts for the payment different; confirm with the dealer.

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  • pensfan83pensfan83 Member Posts: 2,751
    Michaell said:

    pensfan83 said:

    Is the minimum mileage for Honda still 12K? Looks like some are referencing 10K though that could be with lenders like Ally.

    Honda Finance is offering a 10K mileage allowance, but only in select locations.

    (FWIW, Pittsburgh is not on that list)
    Darn, oh well. Thank you anyway!
    1997 Honda Prelude Base - 2022 Acura MDX Type S Advance - 2021 Honda Passport Sport - 2006 BMW 330Ci ZHP
  • MichaellMichaell Moderator Posts: 259,893
    pensfan83 said:

    Michaell said:

    pensfan83 said:

    Is the minimum mileage for Honda still 12K? Looks like some are referencing 10K though that could be with lenders like Ally.

    Honda Finance is offering a 10K mileage allowance, but only in select locations.

    (FWIW, Pittsburgh is not on that list)
    Darn, oh well. Thank you anyway!
    If you were a Flyers' fan, you could get 10K. :wink:

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  • pensfan83pensfan83 Member Posts: 2,751
    Well that's just blasphemous :o

    Let me ask this though are there residency restrictions? I'm not opposed to traveling for the right deal if they don't limit sales to residents of that particular region.
    1997 Honda Prelude Base - 2022 Acura MDX Type S Advance - 2021 Honda Passport Sport - 2006 BMW 330Ci ZHP
  • MichaellMichaell Moderator Posts: 259,893
    pensfan83 said:

    Well that's just blasphemous :o

    Let me ask this though are there residency restrictions? I'm not opposed to traveling for the right deal if they don't limit sales to residents of that particular region.

    So far as I'm aware, there aren't any residency restrictions. It's what, a 3-4 hour drive?

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  • pensfan83pensfan83 Member Posts: 2,751
    edited June 2020
    Michaell said:

    pensfan83 said:

    Well that's just blasphemous :o

    Let me ask this though are there residency restrictions? I'm not opposed to traveling for the right deal if they don't limit sales to residents of that particular region.

    So far as I'm aware, there aren't any residency restrictions. It's what, a 3-4 hour drive?
    Closer to 4.5/5 generally but shorter if it includes dealers on the western side of the city.
    1997 Honda Prelude Base - 2022 Acura MDX Type S Advance - 2021 Honda Passport Sport - 2006 BMW 330Ci ZHP
  • kyfdxkyfdx Moderator Posts: 262,072
    pensfan83 said:

    Michaell said:

    pensfan83 said:

    Well that's just blasphemous :o

    Let me ask this though are there residency restrictions? I'm not opposed to traveling for the right deal if they don't limit sales to residents of that particular region.

    So far as I'm aware, there aren't any residency restrictions. It's what, a 3-4 hour drive?
    Closer to 4.5/5 generally but shorter if it includes dealers on the western side of the city.
    Anything in the Philadelphia market.

    I can't imagine they'd restrict the 10K/yr by customer address.

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  • Chb238Chb238 Member Posts: 15
    edited June 2020
    Shopping Passport EXL 2WD in Atlanta metro. Asked for and received numbers on 2019 last night in the 2019 thread. Thank you. Will you please confirm the RV in zip 30269 for the 2020 Passport EXL 2WD 36/12? I believe the MF is .00125 and there are no incentives on the 2020. Thank you.

    May I also have the RV for the AWD please?
  • kyfdxkyfdx Moderator Posts: 262,072
    Chb238 said:

    Shopping Passport EXL 2WD in Atlanta metro. Asked for and received numbers on 2019 last night in the 2019 thread. Thank you. Will you please confirm the RV in zip 30269 for the 2020 Passport EXL 2WD 36/12? I believe the MF is .00125 and there are no incentives on the 2020. Thank you.

    May I also have the RV for the AWD please?

    .00125 MF and 65% residual
    $400 incentive

    Either drive

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