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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Prices Paid and Buying Experience
809 messages, Last post on Jan 30, 2010 at 5:57 AM
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In regards to the Ridgeline I thought advantages it had for me were. Ride with the independent rear suspension. The tailgate and bed trunk. Interior quality and room in the front. The Nissan had in my opinion the better engine(I have a 98 Pathfinder and my wife has a 2001 Maxima and both V6 engines have been great), ultitrack, more towing power. But what really gives it an advantage is price and what you get for it. I compared the LE versus the RTS, but even in that trim I get body side mouldings, roof rack, towing package and other things for 3-4K less. If price didn't matter, the Ridgeline would be first. I am going to test drive them one more time and then decide. Tough choice, of course my wife is getting tired of hearing about it so she won't mind it if I pay more for the ridgeline 
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Replying to: bull77ock (Mar 18, 2005 8:24 pm) |
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Replying to: bull77ock (Mar 18, 2005 8:24 pm) I went through the same thing (price vs what I really wanted) it's a tough call, but I felt even sicker spending 26,500 on a taco, and knowinig it wasn't really what I wanted compared to the Ridgeline. My wife is definitly glad we waited for the ridgeline. She's in love with it. |
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Replying to: bull77ock (Mar 18, 2005 5:25 pm) I am in MD. A honda dealer in MD is willing to sell me a Ridgeline RT-L with bed extender, moonroof and running boards out the door for $34,000. Not sure if this is a good price? thanks.... |
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The dealers here are sticking at invoice but will drop the destination fee. I guess it is actually 500 under invoice. The residual value on a RTL with moonroof and Nav through Honda financing for 36 months seems to be around 21,700. Honda gives low finance % (1.9, 2.9)on all their vehicles except for this one now. Dealers are quoting me 5.9, I am hoping that changes to increase sales before I make the purchase in a few weeks. Calculating a 36 month lease I come up with 4000 down, 445 a month. I have an installed options price list from a dealer and here is the cost of the options I want to add. Roofrack 386 (although I am not sure if the moonroof deflector will help to eliminate wind noise over the rack, I need the rack and love the moonroof. moonroof visor 128 Running boards 508 Bed extender 302 Basically, to lease the above vehicle, it should be around 475 for 36 months with resid again at 21,700 I am going to purchase mine this way. If I am to buy and get a 1 % lower rate, I will have to go five years. The total cost with finance charges will be around 40,000 with payments in the $600 range (estimate.) The lease will run me $39,000 (that is purchasing really) but if you calculate refinancing the residual, then the total will be about 41,000 over 5 years. Here is how I look at it. Every vehicle I leased, I could buy at the end of the term lower then the residual. They would rather sell you the car a little cheaper then play the auction game. I am betting that my total purchase using the lease/purchase method will be substantially cheaper at the end. I also will have protection if it turns out to be junk or didn't suit my needs anymore. I could then end the lease, and turn it in. The most likely thing will be that the new ridglines for 08 or 09 will be out and will be substantially upgraded. This will drop the market for the 06 and I may actually get the residual purchase in the upper teens. Anyway you slice it, it is darn expensive but there comes a time in everyones life when they just have to bite the bullet!
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Replying to: bull77ock (Mar 18, 2005 5:25 pm) At any rate, the truck is excellent. We chose it primarily for the safety features and versatility. I have a 7 month old, and like the added security that all the AWD, suspension, and traction control features offer. No other truck offers anything similar. I've owned a pickup for the past 15 years, but now need something that is more family friendly, not an SUV, and still allows me to keep my testosterone levels up.
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Replying to: greatsloar (Mar 19, 2005 8:36 am) |
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I went to test ride the Nissan LE and the Ridgeline one last time. The Honda salesman got to $1500 under MSRP. I think that is a fair price for what you get. After driving the Nissan this afternoon, I liked it, but I loved the Ridgeline. I think I am going to buy the RTS. I need to sell my wife's Maxima but I should not have a problem with that. The Honda just rides nicer. It is roomier on the inside, better quality interior materials. And for me, the in bed trunk is very useful. So I am going to put a deposit down on a Blue RTS. The salesman said they trade with other dealers and may be able to locate one. If not, they have one coming in mid April. Hopefully we can time it with selling the Maxima. I prefer to not say the dealers name, I think the two local guys don't like each other and I don't want to cause the guy who gave me a good deal any problems. But I can say it is in the Northeast. |
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Replying to: bobber123 (Mar 19, 2005 6:51 am) Here is how I look at it. Every vehicle I leased, I could buy at the end of the term lower then the residual. They would rather sell you the car a little cheaper then play the auction game. --- Glad to hear that some people see the wisdom of leasing too.I do agree though that leasing has its inherent disadvantages. Bobber123, I'm gonna bet you that the Honda delear will sell you that leased vehicle lower than the residual rather than gamble on getting more money by playing the auction game which they may loose if the car sits on the lot long and the new IMPROVED, perhaps hybrid RIDGELINES come out. For some people who dismiss the gas issue. Try imagining just 5 years ( not 10)of truck ownership and a dollar increase per year on gas.$ 2.00 for year 05, 3 for year 06 and $7.00 by the year 2010.Lets say 12,000 miles / year divided by 18 mpg = 666.6 gallons x $7.00/gallon = $ 4,666 / year, your out of your pocket cost to let your V6 trucks run. If you think $4,666 is overblown try, a modest estimate by dividing it in 2 thats still $2,333 year. How about if you drive 15,000 miles/year thats gonna cost you $5,833 (high end estimate, $2916 low ball figuer. Fat chance you can sell your trucks at predicted residuals with gas at $7.00 gallon even if it's a Ridgeline or Tacoma.Truck ownership is still affordable now but for how long. Hope you have taken to heart the cost of ownership of trucks 5 years down the road.Hope you have contingency plans if you didn't lease on how to make the most in resale of a $30,000 truck if gas prices would indeed hit the roof, and most people are buying gas thrifty cars. Anyways congratulations to truck owners who got their Ridgelines below MSRP.Can't believe that price changes are already taking place and it's been only the 20th day since the Ridgeline debuted. Come the last days of spring and more gas price hikes these babies prices will come down even more.So folks wait a month or two, imagine what you can do with $2,000-$3000 in your pocket. |
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Replying to: nwlily36 (Mar 09, 2005 7:32 pm) So MSRP here is not bad for a vechicle in demand. You want a top rated manufactor and model you'll have to pay. Look at the van it's been out for years and here they are hard to find and haven't seen anyone get a deal. I bought the Ridgeline  MSRP and it's been 2 weeks and 1100 miles and have been very happy. I would never pay over MSRP and on ebay people are. I would wait first or go out of state.
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