| Region | Southern California |
| Tax Rate | 9.5% |
| Model | 2023 Honda Ridgeline Black Edition |
| Term | 36 months / 10,000 miles |
| Residual | 64% |
| MF | 0.00103 |
| MSRP | $48,060.00 |
| Sales Price | $43,978.29 (8.49% off) |
| Gross Capitalized Cost | $44,952.29[1] |
| Adjusted Capitalized Cost | $42,841.20 |
| Capitalized Cost Reduction | $2,111.09 |
| Amount Due at Lease Signing | $3,500[2] |
| Rebates | $3,500[3] |
| DAS | $0 |
| Base Scheduled Payment | $411.44 |
| Sales/use tax | $39.09 |
| Total Scheduled Payment | $450.53 |
| Total Lease Cost | $15,768.55 |
| Effective Monthly Cost | $438 (tax inclusive) |
| Leasehackr Score | 10 years |
[1] = $43,978.29(Sales Price) + 379(Alarm) + 595(Lease Acquisition Fee)
[2] = $2,111.09(Capitalized Cost Reduction) + $200.55(Sales/Use Tax) + $450.53(First Monthly Payment) + $288.00(Vehicle License Fee) + $315(Registration, Transfer and Titling Fees) + $8.08(Sales/Use Tax) + $85(Document Processing Charge) + $33(Electronic Vehicle Registration or Transfer Charge) + $8.75(California Tire Fee)
[3] $1,500(Conquest Offer) + $500(Lease Incentive) + $2,000(Dealer)
THE CAR
- I love the Dual-Action Tailgate and In-Bed Trunk.
- The infotainment system feels old and slow. I am still not able to connect to Android Auto.
THE DEALER
Freeway Honda. I had a conversation with the Internet Sales Manager, and we agreed on a zero drive-off monthly payment over the phone. Following our discussion, I requested a text message confirmation. Additionally, I completed the online credit application before my visit. I must commend the dealership staff for their friendliness and professionalism.
My entire visit to the dealership lasted approximately 60 minutes. It’s worth noting that Honda now requires a scan of both the front and back of your social security card if you haven’t previously purchased or leased from Honda. Without this requirement, I believe the entire process could have been completed in about 30 minutes.
IN THE END
Big thanks to this community. Wish everyone the best.