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Honda Pilot Prices Paid and Buying Experience

13820 messages,  Last post on Dec 08, 2009 at 6:19 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Honda Pilot, Car Buying, SUV


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#12535 of 13820
Re: Dumb Question about Balloon Payments [ronnyc] by terryny2
Feb 23, 2009 (12:52 pm)
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Replying to: ronnyc (Feb 22, 2009 8:21 pm)

Ron,
 
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.
#12536 of 13820
Re: Dumb Question about Balloon Payments [ronnyc] by mplshondadlr
Feb 24, 2009 (8:41 am)
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Replying to: ronnyc (Feb 22, 2009 7:50 pm)

American Honda finance HAS NEVER OFFERED A LEASE WITH "BALLOON" payments due at the end. The figure of $18000 is your residual value. A residual is a the value Honda thought it would be worth at lease termanation. At lease end you could:
 
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.
#12537 of 13820
Re: Dumb Question about Balloon Payments [mplshondadlr] by kyfdx HOST
Feb 24, 2009 (8:54 am)
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Replying to: mplshondadlr (Feb 24, 2009 8:41 am)

Never?
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..
#12538 of 13820
Re: Dumb Question about Balloon Payments [kyfdx] by mplshondadlr
Feb 24, 2009 (9:30 am)
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Replying to: kyfdx (Feb 24, 2009 8:54 am)

You're right. How about, "Haven't in a very, very long time..."
#12539 of 13820
Re: Dumb Question about Balloon Payments [mplshondadlr] by kyfdx HOST
Feb 24, 2009 (9:40 am)
Reply

Replying to: mplshondadlr (Feb 24, 2009 9:30 am)

The New York thing is what came to my mind... Almost all captive finance companies stopped leasing there... Can't remember exactly when that was, but sometime between 2002-2006..
 
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....
#12540 of 13820
Re: Dumb Question about Balloon Payments [kyfdx] by mplshondadlr
Feb 24, 2009 (10:08 am)
Reply

Replying to: kyfdx (Feb 24, 2009 9:40 am)

If I recall the NY thing had more to do with insurance and a legal liability suit brought against a lease company because they were listed on the title as the owner. The NY SC ruled that the leasing co. could be held liable for damages caused in an accident (according to state law). The law was later re-written to exclude a leasing co. from being sued as part of an accident suit.
 
Ok, back to the scheduled program...
#12541 of 13820
New 2009 Pilot 4WD with DVD No NAVI Prices by upendrak
Feb 24, 2009 (2:21 pm)
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Looking for prices on New 2009 Pilot 4WD Touring with NAVI without RES prices in MD State. Pls email to upendrak at hotmail or post your details. Any Metallic color. Need pricing for Buy and Lease (with 12K miles).
 
Thanks in advance.
Upendra
#12542 of 13820
Re: New 2009 Pilot 4WD with DVD No NAVI Prices [upendrak] by mplshondadlr
Feb 24, 2009 (6:33 pm)
Reply

Replying to: upendrak (Feb 24, 2009 2:21 pm)

What you just asked the board is what you should ask a list of six to ten dealers. That way you get correct and accurate information from the source rather then second-hand information.
 
It really is easy to get good offers.
#12543 of 13820
pilot 4w touring/RES by rasp
Feb 24, 2009 (8:02 pm)
Reply
I got a quote for $ 642 for 4W touring model with RES, including attachment remote start and chrome running board. residual value $ 21,240. No down. Is it a good deal. for the same configuration without running oard and remote start I got quote from another dealet at $ 646.
 
Is there any one got better then this deal. thanks
#12544 of 13820
Salamat! by donix
Feb 25, 2009 (11:10 am)
Reply
Thank you so much ( jhinsc ) I`m almost there to return my vehicle. Your Idea was highly appreciated!
 

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