looking at leasing a Honda Ridgeline 36k/3years
local dealer offers this lease, look ok?
MSRP (wasn’t included in the quote, per Edmunds.com) $41,294
Sale price $40,809.85
Customer cash $1600
Total rebates $2300
Total cash and rebates $3900
Doc Fee $85
Advanced Payments $452.88
Upfront charges $1058.31
Total cap reduction $2,388.81
Due On Delivery $1,600
residual amount $26,614.30
Money Factor .00101%
I have until July when my current lease is up but starting the process now.
Just $490 off before rebates? Meh…
How did I not even see that! Another lease hackr shared his deal in Signed! And I am going to reach out to his salesman.
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There’s really nothing compelling about this deal to justify overlapping car payments and 2x insurance for that long
I was able to negotiate over 9% off MSRP before incentives/rebates on a 2023 Honda Ridgeline RTL-E back in October 2023. I’m located in NJ. Below is my deal info for comparison sake.
Thanks everyone! some great insight. The sales lady swore she was giving me such a great deal! Just reminded me to not sign in the moment! The market is in a really good place for buyers now so hoping more incentives and motivated dealers in the months to come.
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