Hi, this is my first post and will be my first lease. I’m looking to get a Honda Pilot for my wife. I just got all my bids back and the lowest price I’ve gotten is below. I’m curious as to what more experienced people think about this deal, if I should take it, etc. I live in Fort Mill, SC (suburb of Charlotte). This is from a dealer in Charlotte.
Total Taxes and Fees $1,038 paid upfront with first month payment of $489.99
MF - .00156
I think I’ve provided all the information needed, I get a score of 7.2 years. Curious as to what y’all think. Thanks for your help and I really appreciate the community.
That’s the weird thing, they wouldn’t give me the residual but just the purchase option price. If I’m doing the math correctly, it ends up at 61.409%? I think I’m not doing it correctly though!
Yes, the purchase option price is the same as the residual. The residual is a percentage of the MSRP, not selling price. Assuming this is a 2WD Pilot (MSRP of $38,405), looks like the car has $1,695 in dealer-installed accessories, which are not residualized (meaning you pay the full price of the accessories over the term of the lease).
