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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
#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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Prices Paid: Buying & Leasing Experiences Forum
#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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