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Prices Paid: Buying & Leasing Experiences Honda Pilot Prices Paid and Buying Experience
13796 messages, Last post on Dec 01, 2009 at 4:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: golic (Feb 22, 2009 12:14 pm)
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Replying to: ronnyc (Feb 22, 2009 12:50 pm) Try taking it to Car Max like place for a quote or list the car on an online site?? Then you will be close to that balloon. |
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Replying to: golic (Feb 22, 2009 1:12 pm)
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Replying to: ronnyc (Feb 22, 2009 1:17 pm) http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/HowToSellaCarYouDo- ntOwn.aspx?page=2
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Replying to: golic (Feb 22, 2009 1:24 pm) |
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Replying to: golic (Feb 22, 2009 1:12 pm) |
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Has anybody knows exactly if what would happen if you return the vehicle after 3 months of the purchase? My friend told me that if I return the vehicle, the bank or the financial corporation will going to mess my credit. Is that true? and what else could be happen? Car man thanks for the information of the lease quistion. I appreciate it.
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Replying to: ronnyc (Feb 22, 2009 9:34 am) One more note - your email to Honda doesn't make sense. You do realize that if you didn't have a balloon payment at the end of the term, your monthly payment would have been much higher? Bottom line, if you don't understand the purchase/lease arrangement, then don't do it and stick with traditional financing. |
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Replying to: donix (Feb 22, 2009 3:09 pm) |
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Replying to: jhinsc (Feb 22, 2009 6:50 pm) When I was at Honda four years ago, after waiting six hours without food and my own car now taken away (as they said), I did, at about 10PM, have a discussion with the finance officer. He said at the end of the period (and he never used the term lease), I could use the car to pay off the balance due and the rest of the money towards another car. This sounded OK to me, but I had doubts about the remaining value of the car. In any case, what he said was totally a lie, as there was virtually no chance the value remaining on the car would be enough to cover the balloon alone, let alone anything left over for another down payment. Look, I'm the idiot here. I admit that. I was lead by greed. But I was also deeply mislead by Honda. Now, one must assume I am an adult and at the end of the day I am responsible for this decision, not Honda. That is true. But in fact, they acted immorally. If the finance officer said, as I've stated before, "Ron, at the end of the lease period your car will probably not be enough to pay off the remaining amount and you will have to pay it off. That will mean you will have nothing left for a down payment on another car. Is this what you want to do?" I would have absolutely not done it. I would have either gotten a cheaper or older car, not no car at all. Why would I have wanted this predictable outcome? Honda has only sent me letters; the dealership was extremely vague when I spoke with them. And I do realize the financial conditions now and obviously should have stuck with traditional financing. I paid $7000 down on the car and this is what I ended up with. You can't imagine how angry I am with myself. I've spent the whole weekend in a stupor basically. The end result of this is that Honda will get a few $$ and they will have a permanently angry ex-customer. As for keeping the car, yeah, I would like that obviously. But at $450 a month, probably not. |
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