This forum has been such a wonderful place to learn all about leasing. Signed my first ever lease deal ever. Let me know how I did
So I was in market for a family SUV and was hoping to get something under $400 per month. Considering current market, all the dealers are jacking up the prices which was causing hard time getting good numbers on lease.
So I started searching for all the current available offers that retailers are providing. Found that Honda Passport was looking good to lease. Here is the offer that I took as starting point -
Reached out to all 5 dealers nearby my place but everyone was asking for an additional $4k - $5k than its listed downpayment in this deal to start the lease.
After multiple research and broadening my search parameters to upto 2 hours drive. Found out there was a demo vehicle which is available at 2 hours drive and has 5600 miles on it and dealer is willing to work on lease numbers.
After all zillion hours of discussion, dealer agreed upon following numbers -
Here’s your correct calculator! Your MSRP was off, as it included the addendums (protection and market adjustment). But I fixed everything and this should be roughly correct, give or take a few bucks.
awesome… this really looks great.
since, this was my first time lease deal. How did I do? I know there is always some scope of learning for next time lease!
Looks like a great deal! I was quoted $575 back in Feb 2020, but it was for an Elite though. Ended up buying a used one which thank god I did since I’ve been put 35k miles in 1.5 years.
