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Honda Pilot Prices Paid and Buying Experience

11988 messages,  Last post on Oct 07, 2008 at 9:59 PM

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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#5645 of 11988
2006 Honda Pilot EX-L 4WD by sternouf
Mar 06, 2006 (8:10 pm)
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Hi folks,
 
I just purchased a 2006 Honda Pilot EX-L 4WD for $29,700 plus all fees and taxes. I was told that the sticker price was pretty accurate and that I would be able to get some money off of it, but not thousands. I told the salesperson that I would be willing to pay the Carsdirect.com (my favorite website for pricing) price of $29,700 and that was it. I left my card and went for a quick bite. I came back and they met me half way between my price and the sticker. I explained that this is my price and that I'd like to buy the car from them and that it was nothing personal, but I'm sure someone would sell me the car for the Carsdirect.com price. The salesperson told me that she wouldn't get paid a fair commission and that she couldn't budge. I kindly offered my deal one more time and even told her that I'd give her a day to think about it before moving on to another dealer. All parties were friendly and I'd reccomend the dealer and the salesperson. I really wasn't looking to haggle and explained that I didn't have time to go dealer to dealer and low ball the price, which I'm sure I could have done and saved a little more. I spent maybe 30 minutes selecting the car, and maybe 30-40 minutes closing the deal because I paid cash. I just got Bank of America approval at 5.79 over 5 years, so I will finance it myself tomorrow. My overall tone was apologetic for having to offer the price that I did, but a deal is a deal and I know that we can get this done. Nice car! I chose amazon green with the olive leather. I heard they may discontinue the color which sounds nice because the car will look unique. I like the new boxiness of the 2006 model and I'm pretty sure I got a good deal for the limited amount of time and total lack of frustration during the purchasing. My out the door was $31,500 ish. I bought the mud flaps and wheel locks that were already installed. I work in a mountain development where there is plenty of mud, so the flaps will be well suited. I have to say that I was going to get the LX 4WD and have aftermarket leather installed for $1400, but the way that that the EX looks with the handles, mirrors, etc matching the body paint sold me. It looks much more luxurious, and the 6 disc changer with factory leather won me over. Good Luck and Good Hunting.
 
Steve
#5646 of 11988
Re: 2006 Honda Pilot EX-L 4WD [sternouf] by hj708
Mar 06, 2006 (8:15 pm)
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Replying to: sternouf (Mar 06, 2006 8:10 pm)

I'm with you on the amazon green color. It was hard locating this color, but I absolutely love it. I've yet to see another one in the green.
#5647 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [hj708] by kyfdx HOST
Mar 06, 2006 (9:06 pm)
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Replying to: hj708 (Mar 06, 2006 12:33 pm)

The lease deal is indeed very good... and you could well make out decently by leasing first, then buying out your residual at the end of term..
 
However, Honda Finance will not guarantee you the same rate on financing the buyout as you got on your lease.. If someone told you that, they were mistaken..
 
regards,
kyfdx
Host-Prices Paid Forums
#5648 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [kyfdx] by jmurman42
Mar 07, 2006 (4:25 am)
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Replying to: kyfdx (Mar 06, 2006 9:06 pm)

" However, Honda Finance will not guarantee you the same rate on financing the buyout as you got on your lease.. If someone told you that, they were mistaken..
"

 
Correct, on the buyout you get market rate or what you qualify for. You can also finance that buyout with a credit union.
 
"The lease deal is indeed very good... "
 
Please don't tell my wife...she has the "Igottagetmeones" for the Pilot right now and I just paid off the CR-V
#5649 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [kyfdx] by hj708
Mar 07, 2006 (6:05 am)
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Replying to: kyfdx (Mar 06, 2006 9:06 pm)

On my "Leadership Purchase Plan" I was assured I could refinance at 2.4%. I hammered this point over and over with the finance guy. However, since you've said this I will have to investigate a little further.
#5650 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [hj708] by jmurman42
Mar 07, 2006 (6:17 am)
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Replying to: hj708 (Mar 07, 2006 6:05 am)

I would get the agreement in writing that you can purchase after your contract is over for the same rate as yor contract. When I say in writing I don;t mean by the Finance guy, I mean where it is stated in the contract.
#5651 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [hj708] by golic
Mar 07, 2006 (6:42 am)
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Replying to: hj708 (Mar 07, 2006 6:05 am)

I remember about 5 years ago it was either Audi or Lexus who came out with the a similar "hybrid" lease purchase.
 
Whereas, the agreement took the form of a lease for the first three years, at the end of the lease the buyer had three options. a) to excercise the purchase option with cash or the pre-arrainged financing option which financed 100% of resdial over 3 years at the same rate offered on the lease. b) excercise a cashless buy and trade-in on a new vehicle or c) walk away.
 
There was also a funky mileage thing. I remember pouring over the contracts for clients to verify the details. I was unaware that this "program" was still out there?
 
Is this a Honda lease or a 3rd party?
 
How long are you going to finance the car for after the lease? I would just be careful, that if you are going to lease the car and then finance it for 5 years, you are now talking about an 8 year loan on a vehicle, which may not be the best financing solution for you in the long run.
 
If your intentions are to keep this car 5 years or more, you may be better off in the long run just purchasing the vehicle and get a 60 month loan *shrugs*
#5652 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [golic] by hj708
Mar 07, 2006 (6:56 am)
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Replying to: golic (Mar 07, 2006 6:42 am)

This is through HMFC. I do plan on keeping the car for more than 5 years. At the end of the 36 month lease term, I plan on refinancing the residual amount for a term of 2 years, or possibly 30 months at the most. Assuming I refinance the residual at 2.4%, this is a more economical way of purchasing the car over a standard 60 month loan. By my calculations, $1700 less out of my pocket over the term of the lease/loan to payoff. My mileage is at 15,000 per year. I have never put that many miles a year on a car so I'm not concerned about mileage. Of course, if I decide to keep the car, mileage isn't a factor anyways at lease end.
#5653 of 11988
Re: Is this a good deal for a 2006 Pilot LX 4WD in PA? [hj708] by golic
Mar 07, 2006 (7:24 am)
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Replying to: hj708 (Mar 07, 2006 6:56 am)

ok, I get acronym challenged, is HMFC the same as AHFC, which is the American Honda Finance Co *rattle*
 
Isn't AHFC the official finance arm of Honda? *headtilt*
 
If what you say is accurate, it is a nice plan wich gives you some options at lease end.
#5654 of 11988
internet pricing by tomc8
Mar 07, 2006 (7:51 am)
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Hello everybody, I just received an internet pricing quote from Continental Honda in Illinois for an EXL Pilot AWD and DVD entertainment package for 31118. I do believe that this the vehicle I'm looking for, but is the price "jump on good"? I am hoping to buy in the next 30-60 days, but maybe sooner if the deal is worth it. Any helpful comments? Please help. Thanks.

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