Best 2020 Honda Ridgeline Lease & Finance Deals

It is worth noting that not all residual values within a brand will be the same. So while cars made by Honda tend to hold their value well, make sure the Honda model you’re considering does too. Currently the 2020 Honda Ridgeline is going for 64% or higher depending on terms and mileage. Before you decide to lease a new Honda, ask about mileage limits and end-of-lease charges, and be sure to factor in the additional cost of applicable taxes. Our Walser Honda Burnsville customer specialists will be able to give you all the details you will need to make the right choice.

These charges can be as little as 10 cents a mile or as much as $1 a mile. The average charge is usually around 25 cents per mile. The best way to check the exact charge for the car, truck, or SUV you’re considering is to contact one of our Honda location(s) and we would be happy to assist you. If you signed a lease and forgot to check your over-mileage charge, take a look at your contract. It will be listed there.

If a bank does allow options for transfers, expect to pay a transfer fee. This bank fee can be as high as $600, depending on the lender. One thing that seems to be consistent across brands is that the person hoping to assume the lease will need to qualify under the lessor’s bank’s credit guidelines. The best way to know if you can potentially transfer a lease is to call the lender and ask or contact one of our Walser locations and we will find out for you.

A few questions to ask yourself:
1. Do I see myself driving this Ridgeline for the next five years?

If not, a lease buyout probably isn’t right for you.

2. Is the Ridgeline priced well for the market?

This is an easy question to answer. Look up other automobiles like yours on the used-car market, and compare those prices to your residual amount. If the residual is significantly lower than similar pre-owned inventory for sale, you may have a good deal on your hands.

3. Will this Ridgeline have a reasonable cost of ownership if I do buy it?

Most leases end around the same time as the factory warranty. So if you’re considering a buyout, it would be a good idea to take into account the long-term repair cost history of a brand before making a final decision. While many shoppers base the buyout decision solely on the selling price, a smarter move is to factor in expected long-term costs. Remember, you will be responsible for covering the costs of maintenance, parts, and repairs if something goes wrong.

• Increased deep cleaning and sanitizing procedures across all major touchpoints in our retail locations and offices.
• Continued education on correct handwashing and respiratory hygiene practices.
• Use of gloves by all automotive technicians and other affiliated service employees who encounter customer vehicles; wipe down of vehicles before and after service repairs, test drives, and movement of vehicles.
• Replacing handshakes with warm salutations and verbal greetings.
• Flexible leave protocol and mental health offerings which encourages any employees who are feeling unwell to stay home. This is supported by a flexible paid time off protocol, so employees do not need to feel like they need to choose between their health and their work.

In addition, Walser’s sales teams are ready and willing to bring our vehicles to you. Customers interested in test drives or working directly with a member of our sales staff from the comfort of their own home or workplace should contact a Walser representative to schedule an in-person appointment.