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Prices Paid: Buying & Leasing Experiences Honda Pilot Prices Paid and Buying Experience
13818 messages, Last post on Dec 05, 2009 at 9:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: jhinsc (Feb 22, 2009 6:50 pm) Option 1: Purchase or refinance your Vehicle (at $450/month for 3 years max) Option 2: Return your vehicle (i.e., get rid of it) Option 3: Undecided. "Take advantage of the time remaining to visit your Honda or Acura dealer to test drive the new line-up of vehicles." What does this mean? I can test drive new cars any time I want; there's no time limit for that. I still have to turn in the car, subtract its value from the balloon ($15000-$12000 max value for the car), pay $3000 more and then what? Start from scratch for a car? Pony up another $10000 down for another car? Doesn't make sense to me. Any car I get will cost me about $3000 more than current price (the balloon-present car value). It will make a car nearly unaffordable. I can turn in my 18000 mile Honda for a 50000 mile Honda, if I'm lucky.
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Replying to: jhinsc (Feb 22, 2009 6:50 pm) RON
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Replying to: ronnyc (Feb 22, 2009 8:21 pm) Most balloon programs include an option to walk away at the end of the balloon term, with no further payments (though I'm not familiar with this particular program). regards, kyfdx |
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I just purchased a 2009 Honda Pilot EX from Love Honda,(just south of crystal river,fl) sale price,$26.131 
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Replying to: ronnyc (Feb 22, 2009 8:21 pm) Option 1 allows you to purchase the vehicle for $15000. If that amount is financed over a 36 months would make the payments about $450-$460, depending upon interest rate. You have said Honda Finance only offer you a 36 month max term, yes? If you were to finance the loan with a local bank you should be able to get a longer term. A bank local to me offers car loans on 2005 year cars for up to 60 months at 6.75% interest. A $15,000 loan under these terms would yield a payment of about $295, close to what you have been paying. I think this is typical and not to hard to find. If you have put less than 20,000 miles on your Honda in the last 4 years, a similar use would indicate a 9 year old Honda with less than 50,000 miles by the time it is finally paid for and it would still be a very serviceable vehicle. |
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Replying to: ronnyc (Feb 22, 2009 7:50 pm) 1. Buy the Pilot at the resudual value. 2. Drop it off at the dealer and walk away (assuming it's "cherry", you'll have no after term charges). 3. Re-lease a new Honda.
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Replying to: mplshondadlr (Feb 24, 2009 8:41 am) Not in New York a few years ago, when they didn't allow leasing, due to vicarious liability laws? Not in Texas or Illinois, where sales tax on leases make them prohibitive? I don't know about now... or, even if it was ever offered... but, never is a long, long time.. 
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Replying to: kyfdx (Feb 24, 2009 8:54 am) 
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Replying to: mplshondadlr (Feb 24, 2009 9:30 am) I would bet on there being a balloon program at that time, in those states (mostly in the New England area).. Back to our normally scheduled program.... 
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Replying to: kyfdx (Feb 24, 2009 9:40 am) Ok, back to the scheduled program...
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