Damn. The 42 month, 15k per year residual dropped from 55% to 52%, three weeks from delivery.

Money factor at .0024 (5.76%).

Anyone else confirm the new residual? I have two different deals I am running - getting two different money factors, with .0024 being the best of the two.

I have been in an Audi the past 4 years, had 3 leases (2 Acura, 1 Honda) before that. I am surprised that the Money Factor is not constant as I assumed that American Honda Finance set this for the dealers - or am I just getting jerked around?

Any input/knowledge out there? Also, given I am getting a 6spd w/ Navi will I be lucky to get any Cap Cost reduction other than maybe some free options?

 

Buehler? Buehler? Anyone?

Anybody have some input on recent residuals or money factors?

Thanks.

 

i bought in nov with residual at $19700 now my lease guy came back and said that the payments stay the same but residual is now 19100

 

That's horrible. Honda must not feel the need to incent the buyer. Even BMW is offering better money.

 

You got that right.

Hot product + moving well = no Factory Lease Incentives (like the good old days on my 1st Gen TL lease when they wanted to get a bunch of them on the street in a hurry!)

Problem is, I know I am going to turn over the car in 42 months so only makes sense to lease. Even at the reduced residual, it is better than what the dealer-from-hell will give me when I try to trade it in.

 

the lower the residual gets, the lower the money factor gets to compensate for the difference.... you will always find yourself paying the same amount though... the bank and dealer always in..... Nobody beats the house...

 

I would agree that your residual sounds about right. I know the 42 month 15K per year Non-Navi went from 57% to 54%. Plus, from my dealer, the Navi residuals are a bit lower than the Non-Navi. So your residuals sound right.

As for the money factor, some folks will argue that the money factor should be comparable to new car loan financing interest rates; however, as with loan financing, the money factor you receive is based on your own credit history. Those with little or no history or bad credit history will get the worst money factors. Those with high beacon scores or great history will get the lowest.

The reason why you got two different money factors, especially if they ran your credit history, is the fact that Honda Financing "supposedly" shops the money factor between 100+ financing institutions to get you the lowest rate at that time.

My advice would be to call up some of your local lease financing companies and have them run the lease details for you. They will need to know the car you want, MSRP, Cap Cost, term of lease and miles. In turn, they will give you their money factor along with their residual and a monthly payment. Remember that a company such as this might not have GAP insurance nor have the $1,500 in damage write-off that Honda Financing has.

Hope this helps.

 

Are the lease residuals the same for the Automatic and M6 transmission models?

 

Thanks for all the feedback guys.

Concur with everyone's input/thoughts.

I'll stick with the AHFC lease due to the GAP insurance. It will be my third lease with AHFC, and all has gone well in the past - this is just the first time I have been quoted a different money factor every time I asked. In the past this has been a constant. Likely the dealers just trying to find a bit more skin in their deals these days.

The 5.76% is not all that bad - I was just curious how the .0024 stacked up against what others had seen recently.

Thanks again for the feedback.

 

i've got .00200 for money factor

 

I agree, and am on my 4th lease with them. They have always been responsive, and understanding if a payment gets lost or delayed, I want to extend the lease or shorten it, etc.

AHFC gets my vote as the best out there