# 2016 Honda Pilot EX-L RES **URL:** \ **Category:** Ask the Hackrs\ **Created:** [January 19, 2016, 4:37pm UTC](https://forum.leasehackr.com/t/2016-honda-pilot-ex-l-res/355 "2016-01-19T16:37:02Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![fewtreezy](https://leasehackr.b-cdn.net/letter_avatar/fewtreezy/32/5_5575768a8748004e209b776fc1b2916d.png) [@fewtreezy](https://forum.leasehackr.com/u/fewtreezy)\ **Post date:** [January 19, 2016, 4:37pm UTC](https://forum.leasehackr.com/t/2016-honda-pilot-ex-l-res/355/1 "2016-01-19T16:37:02Z")
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. MSRP $40,100 Dealer Discount $2,675.40 Vehicle Price $37,504.60 Lease is 39 Months, 12,000/year Purchase Option Amount - $23,031 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. ---
**Author:** ![Mr.Singh](https://leasehackr.b-cdn.net/letter_avatar/mr.singh/32/5_5575768a8748004e209b776fc1b2916d.png) [@Mr.Singh](https://forum.leasehackr.com/u/Mr.Singh)\ **Post date:** [January 19, 2016, 5:17pm UTC](https://forum.leasehackr.com/t/2016-honda-pilot-ex-l-res/355/2 "2016-01-19T17:17:21Z")
Can you tell me which residual you’re using? ---
**Author:** ![fewtreezy](https://leasehackr.b-cdn.net/letter_avatar/fewtreezy/32/5_5575768a8748004e209b776fc1b2916d.png) [@fewtreezy](https://forum.leasehackr.com/u/fewtreezy)\ **Post date:** [January 19, 2016, 6:48pm UTC](https://forum.leasehackr.com/t/2016-honda-pilot-ex-l-res/355/4 "2016-01-19T18:48:41Z")
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! ---
**Author:** ![michael](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/michael/32/162_2.png) [@michael](https://forum.leasehackr.com/u/michael)\ **Post date:** [January 19, 2016, 11:20pm UTC](https://forum.leasehackr.com/t/2016-honda-pilot-ex-l-res/355/5 "2016-01-19T23:20:51Z")
Here’s the program for 2016 Pilot EX-L RES 2WD: 39 months, 12,000 mi/year Residual: 60% MF: .00165 The residual is 1% lower for AWD. 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). You might find this link helpful: [http://www.weymouthhonda.com/lease/?&code=2016YF5H8GJNW](http://www.weymouthhonda.com/lease/?&code=2016YF5H8GJNW)