The amount of miles driven a year has no affect on the price. Raising the miles per year will just make the payment go up since you will have a lower residual value. I believe the difference in payment between a 12k and 15k mile/yr lease is around $10-15/month Just negotiate the price like it was a purchase and if your comfortable at the lease payment with no money down, then you should do that as all Honda leases come with GAP insurance. If not, then put down as little as possible.You should read tips about how to negotiate a lease. 12K or 15K should be your personal choice. I suggest that you should mention 12K and if they don't lower the price at your level of comfort, then ask them to raise the annual miles.
Well, for us a lower payment works best. We will be on one salary for the next year because of our third child to be born next month. Still responsible for that third of the vehicle whether a lesser down payment and higher monthly payment, or greater down payment and lesser monthly payment. Why do you think that it is throwing money away?Why would you want to put 20% down? I would recommend not doing that, your throwing alot of money away
In certain cases, it is like throwing money away.It's not an issue of "throwing money away." That's not at all what's happening by way of a down payment. True, you are reducing your liquidity, but you are definitely not throwing money away.
Even with GAP insurance on a lease, if the car is stolen or totaled during ownership, then your down payment is gone.Why do you think that it is throwing money away?
I can't speak for the EX-L, but I've just leased a Touring for zero down, $495 per month for 35 months and 56% residual (on a $38179 price tag). For the record, we intend to buy the vehicle after the three years (if we like it as much as we think we will) and the leasing option made sense compared to buying (even with the 0.9% loan over 5 years Honda was offering).
2012 Honda Odyssey Touring in mocha metallic + beige leather (hers/his)
2011 Audi Q7 S-Line Prestige in graphite gray + espresso leather (his)