Honda dropped some of their money factors in response to depreciation. Some models did not suffer a drop in residual, but most did. Honda didn’t really adjust the sale price too dramatically in my area, hopefully they dropped their prices in yours. You can check out TrueCar to see your local sale prices.
This month, I would like to bring to your attention the Honda Pilot. In SoCal, it is getting about 12% off MSRP. The residual value is still fairly high and the money factor is reasonable at .00107 (2.57%). You may find it tough to find a LX 4WD model (I know I couldn’t back in April), but if you find one, you could be looking at a nice lease. The EX model should retain the same MF, but may suffer slight drop in residual value (I’m guessing about 2%). Be sure to adjust that in your calculations.
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2011 HONDA PILOT 4WD LX
MSRP – $29,130
Sale Price – $25,509
Monthly – $308+ tax
RWG Rating – 92.9
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2011 HONDA ACCORD COUPE LX-S AT
36 month | 15k miles | residual 54% | .00049 base money factor
2011 HONDA ACCORD CROSSTOUR 2WD EX
36 month | 15k miles | residual 56% | .00049 base money factor
2011 HONDA ACCORD CROSSTOUR 4WD EX-L
36 month | 15k miles | residual 54% | .00049 base money factor
2011 HONDA ACCORD SEDAN LX AT
36 month | 15k miles | residual 56% | .00049 base money factor
2011 HONDA ACCORD SEDAN EX AT
36 month | 15k miles | residual 56% | .00049 base money factor
2012 HONDA CIVIC COUPE LX AT
36 month | 15k miles | residual 62% | .00185 base money factor
2012 HONDA CIVIC SEDAN LX AT
36 month | 15k miles | residual 64% | .00185 base money factor
2011 HONDA CR-V 4WD LX AT
36 month | 15k miles | residual 60% | .00078 base money factor
2011 HONDA CR-Z HATCHBACK AT
36 month | 15k miles | residual 63% | .00185 base money factor
2011 HONDA ELEMENT 4WD LX AT
36 month | 15k miles | residual 59% | .00185 base money factor
2011 HONDA FIT HATCHBACK AT
36 month | 15k miles | residual 60% | .00200 base money factor
2011 HONDA ODYSSEY LX AT
36 month | 15k miles | residual 60% | .00144 base money factor
2011 HONDA PILOT 4WD LX
36 month | 15k miles | residual 55% | .00107 base money factor
2011 HONDA RIDGELINE CREW CAB RT
36 month | 15k miles | residual 56% | .00185 base money factor