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Honda Element Lease Questions
37 messages, Last post on Mar 07, 2011 at 5:43 PM
You are in the Prices Paid - Buying & Leasing Experiences Forum.What is this discussion about? Honda Element, Car Leasing, Car Buying, Wagon, SUV
#33 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [joepo] by Car_man HOST
Jan 11, 2010 (4:07 am)
Replying to: joepo (Dec 21, 2009 10:57 am)
Hi Joseph. Honda is not currently providing any sort of support on the 2010 Element. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Honda Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX 2WD with 12,000 miles per year are 00260 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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#34 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [Car_man] by ryanfgrant1
Feb 26, 2011 (9:14 am)
Replying to: Car_man (Jan 11, 2010 4:07 am)
Hello. Car_man, can you explain what this means? "Honda Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX 2WD with 12,000 miles per year are 00260 and 58" I am looking into leasing a '11 Honda Element and I don't see any advertised specials. How would I use those numbers to calculate a lease payment?
- Car_man (Mar 07, 2011 5:40 pm)
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#35 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [Car_man] by cscds
Mar 02, 2011 (10:02 am)
Replying to: Car_man (Jan 11, 2010 4:07 am)
Car_man, Hi! Any sort of support on the 2010 Element or 2011 Element....or just a standard lease program through Honda Finance right now.
What would be Honda Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX AWD or 2011 Element EX AWD?
Regards,
Cynthia
- Car_man (Mar 07, 2011 5:43 pm)
Replies to this message:
#36 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [ryanfgrant1] by Car_man HOST
Mar 07, 2011 (5:40 pm)
Replying to: ryanfgrant1 (Feb 26, 2011 9:14 am)
Hi ryanfgrant1. A vehicle's money factor and residual value are used in conjunction with its MSRP and selling price to calculate lease payments. The following article explains how to use these numbers to work up a payment: Calculate Your Own Lease Payment. Car_man
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#37 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [cscds] by Car_man HOST
Mar 07, 2011 (5:43 pm)
Replying to: cscds (Mar 02, 2011 10:02 am)
Hi Cynthia. Honda is not currently providing any lease support on the Element. As you mentioned, this means that if you were to lease one through Honda Finance, you would have to use its standard lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Element EX AWD with 15,000 miles per year are .00200 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a 2010 model are .00200 and 52%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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