- #1096 of 1918
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Re: Lease Question [dawgs_rule]
by suvgal
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May 09, 2007 (4:53 pm)
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Replying to: dawgs_rule (May 09, 2007 2:17 pm)
Again, I'll defer to Car_man as he is definitely the expert in leasing. I'm only working from recent experience.
The special lease is in AZ, Southern CA, CO, CT, DE, FL, ID, IL, IN, KY, MA, ME, MI, MN, ND, NE, NH, NJ, NM, NV, NY, OH, Eastern PA, RI, SD, UT, VT, WI & WY per the Honda website.
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- #1097 of 1918
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EX-L w/Navi Lease Deal
by duaneman
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May 09, 2007 (6:31 pm)
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Car_man - are you out there? Here are the details of a proposed lease I received today, 5/9/07, on an 07 Pilot EX-L w/Navi:
12,000 miles/yr.
36 months
MSRP: 36040
Invoice: 32684
Negotiated selling price: 32284 ($400 below invoice)
MF: .00094
Residual: 53%
Aquisition Fee: $595
$0 cap down
1st month payment ($415), plus tax at 8% ($1194), DMV and aquisition fees due at signing.
I told the sales person that the current Edmunds TMV was 31435, or $1249 below invoice, after which he quoted me this price at $400 below invoice stating that the full $1249 discount was for a buy sale, not a lease deal. I am still shopping to see if I can do better. What's your take on this? Thanks.
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- #1098 of 1918
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Re: Another deposit question [suvgal]
by Car_man HOST
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May 10, 2007 (2:21 am)
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Replying to: suvgal (Apr 18, 2007 9:42 pm)
Hi suvgal. I am sure that it has happened before, but if you leave a deposit and have a signed buyer's order the chances of the dealership that you are working with trying to change the terms of your deal next week are very low. If you like the truck and the deal give the dealer a small deposit using your credit card. It's much better to use a credit card for this sort of deposit than to write a check or use cash because if something does go wrong you can dispute the charge.
Car_man
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- #1099 of 1918
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Re: Residual Value [suvgal]
by Car_man HOST
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May 10, 2007 (2:24 am)
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Replying to: suvgal (Apr 22, 2007 11:08 am)
Hey suvgal. Vehicles' residual values vary by term and mileage allowance. You never mentioned how long you want to lease this truck for or how many miles per year you need to be able to drive it, so for now I will assume that you are interested in a 36 month lease with 12,000 miles per year. Let me know if you want something different. Honda Finance's current special regional buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Pilot EX-L 4WD with navigation but without the entertainment system with 12,000 miles per year are .00048 and 53%, respectively. The 51% residual that you have seen mentioned was probably for a lease with 15,000 miles per year.
Car_man
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- #1100 of 1918
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Re: New York Metro Area Pilot Lease [michael250]
by Car_man HOST
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May 10, 2007 (2:26 am)
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Replying to: michael250 (Apr 22, 2007 5:58 pm)
Hi michael250. You never mentioned the selling price or MSRP of the Pilot that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Car_man
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- #1101 of 1918
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Re: Sale Price -- EXL AWD -- 36 mos./12k Lease [scooter21]
by Car_man HOST
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May 10, 2007 (2:27 am)
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Replying to: scooter21 (Apr 26, 2007 4:50 pm)
Hello scooter21. Unfortunately, the $2,000 dealer cash that is currently available on the 2007 Honda Pilot is not compatible with its special lease program. As a result, a very good price for a leased Pilot would be right around dealer invoice.
Car_man
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- #1102 of 1918
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Re: Pilot EX 4WD lease [caprovo]
by Car_man HOST
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May 10, 2007 (2:32 am)
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Replying to: caprovo (May 01, 2007 8:16 am)
Greetings Carl. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Pilot EX 4WD without leather in New York with 12,000 miles per year are .00048 and 55%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. This truck's monthly payment will depend upon what sort of selling price you are able to negotiate on it. Using a selling price of $500 over dealer invoice, $29,118, I come up with a zero down, pre-tax monthly payment of around $350.
Car_man
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- #1103 of 1918
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Re: What I Actually Paid for an 07 EX w/15k 36 mos [mind25]
by Car_man HOST
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May 10, 2007 (2:33 am)
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Replying to: mind25 (May 02, 2007 4:51 pm)
Congratulations on your new truck, mind25. Thanks for taking the time to share the details of your deal with everyone. Enjoy!
Car_man
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- #1104 of 1918
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Re: Current money factor & residual % for EX FWD [caprovo]
by Car_man HOST
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May 10, 2007 (2:36 am)
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Replying to: caprovo (May 03, 2007 7:03 am)
Hi caprovo. Honda's May lease program for the Pilot is a little different than its April program was. This truck's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 12,000 miles per year. Let me know if you want something different. It also varies by region. I will also assume that you are in one of the states that Honda's special regional lease program is available in. If you tell me where you are I can confirm this. Honda Finance's current special regional buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Pilot EX 2WD without leather with 12,000 miles per year are .00048 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
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- #1105 of 1918
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Re: Pilot EX-L with nav [cjstanton]
by Car_man HOST
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May 10, 2007 (2:40 am)
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Replying to: cjstanton (May 03, 2007 1:02 pm)
Hello cjstanton. Unfortunately, Honda's current special lease program for the 2007 Pilot is not available in Oregon or Washington. As a result, if you were to lease this truck through Honda Finance in your area right now, you would have to use its standard lease program. Its current buy rate standard lease money factor and residual value for a 36 month lease of a 2007 Honda Pilot EX-L 4WD without navigation or the entertainment system with 12,000 miles per year are .00275 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical 48 month lease are .00255 and 45%.
The fact that the special regional lease program is not available in your area is the bad news. The good news is that means that you can use the $2,000 dealer cash that is not compatible with the special program to help you negotiate an attractive capitalized cost for your lease.
Car_man
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