Hi, Can you let me know if it was Good/Bad! that is the best I could do as a first time lease - Please be brutal I love to learn what can change
Honda Pilot 2025 Black EX-L AWD - They added Dealer Handling, Accessories BS (Door Edge Guard, Door Cups) & all season matts in the selling price. They Full Tanked the car before I leave - Sorry to add lots of info but I am not sure what info as useful
MSRP: 47k
Selling Price: 45,648 (Value + Acquisition fee and Documentary service fee)
MF: 0.00166
Residual: 30,076.80
Down Payment: 0
Amount to be paid - That will be paid by the dealership “I won’t pay it”: 1510.82 (That covered 1st Lease Month, License & Registration Fees)
Monthly Payment after 10.5% Tax is 611.82
Rent Charge: 4,525.06
Depreciation: 15,571.22
Monthly: 611 after tax
You’re looking at the wrong car if you want to lease.
I agree with @max_g those cars hold their value
Sorry I didn’t get it. I am planning to buy it after the lease period. It’s just the luxury of financing is what I don’t have now
546 plus taxes was what I could afford. But the plan is to buy it later
So how are you going to afford to pay for the RV + TTL? Or finance it at a typical used car loan above 7% APR?
Yes my plan is after 3 years I finance the remainder 30k with any bank hoping the apr goes down a bit
I moved this into it’s own post, try not to hijack other threads.
Breakdown the math of your plan:
611x36=$21,996 to lease (assuming 0 out of pocket or trade in at signing)
Plus
30k + TTL and interest to buy it out at lease end. Interest rates are higher for used cars vs new.
Yes that is the plan. They covered the 1st Month m and the license and registration for me though. So I will pay 611*35 next months
I know this can be little expensive but that was tthe only way to do it as I have to unfortunately get the car
Hope is not a plan.
If you run the numbers you’ll see that a lease followed by buying at the end is way more expensive than financing on day one.
Yes 100%. But unfortunately I can’t afford paying the financing anount right now and I have to get the car as my fanily is getting bigger
All what I did is just trying to expand the paying time and hoping for a good apr after 3 years
Then finance a $35,000 Hyundai Santa Fe or Kia Sorento.
No matter how you slice it your plan doesn’t make sense.
Got it thanks for the advice
If you’re fine with $611 a month, try an XC90 B6
What will happen if you don’t get this specific car, right now?
The argument you’re making is that you have to significantly overpay for the luxury of a specific, brand-new SUV because you’re short on money.
You don’t owe me a response on any of this; I’m just hoping you’ll think about it like that.
The Pacifica Hybrid 2024 close out deals are also at a 0.0005 MF, which makes sign and drive very attractive.
Our guy just missed out on the XC90 T8 mania and 6 months of Pacifica fire sales while Stellantis tried to fix their supply of cars.
Thanks really for the advice! Yea I needed an 8 Seated SUV as I am expecting a twin
I was about to finance a 2022 that was worth 34k (560 a month for 72 months). I found out the paying 611 leasing and losing 4k for rent is exactly the same with buying it after the 3 years but at keast I will be the one who used the car and took care of it. I am always not a lease fan but couldn’t afford this Pilot’s payment
Probably I didn’t think it through correctly
But on other hand leasing any 8 seated SUV then return it will be losing more money
What I was thinking and maybe was a wrong way to think is to yes pay more for longer time for a car that I will keep for long time and talking 10 + years
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