| fast |
Assuming Honda Finance lease, what is the current residual value % on a 2004 MDX Touring 3 year 12k mile/year lease?
What is a decent money factor for the same?
Thanks! |
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| Pug |
I was quoted the following yesterday for the Base-X:
"residual on 36 months is 61% with .0022 money factor. 48 months residual is 54% with money factor of .002. "
I am also being quoted a bank fee of $595 - has anyone else been quoted this? Thanks. |
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| JeffK |
Market reality has finally stepped in on the MDX.
I have a base '03 MDX that I leased in November, 2003.
At that time residual for 48 months was 59% (for Touring 3% less) and money factor .00225 (5.4%)
Your money factor is .0022 (5.28%) Shop around, you might be able to do better.
Even though this is April, the residual have dropped by 5%. But this is more in line with current resale values. In fact, I doubt your '04 MDX will be worth 54% of MSRP in 4 years!
All the more reason to lease! Take advantage of that high (read factory supported) residual!
JeffK |
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