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Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
1922 messages, Last post on Jul 24, 2008 at 3:12 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: duaneman (May 09, 2007 6:31 pm) The money factor that is being used to calculate your monthly payment is too high though. If you are in one of the states that Honda is running a special lease program on this truck in*, its buy rate lease money factor should only be .00048 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. Make sure that this is the factor that the dealer you are working with uses to calculate your truck's monthly payment. Car_man Host Prices Paid Forum * 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
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Replying to: Car_man (May 10, 2007 2:53 am)
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Replying to: Car_man (May 10, 2007 2:32 am) One thing that is hard for me to figure out is how my negative equity is affecting my payment. Do you take the money owed, times the MF and add it to the payment, or add it to the price of the car and then multiply it by the depreciation? Or is there some super secret let's see how much we can screw them payment factor that is used to determine how much I have to pay for money that I am already paying interest on? Thanks for the help.
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Carman, I was pursuing the special lease money factor of .00048, but the dealer told me this is only for the 2WD Pilots. It was .00094 for the 4WD. Does this seem correct?
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Replying to: wrwnyc (May 07, 2007 6:34 pm) Replying to: golfman2 (May 07, 2007 3:57 pm) I also got the EXL on April 30. North Shore Honda was one of the dealers I had contacted. They were quoting me $428. Same terms 36 month 12k miles 0 down and the outrageous Nassau county tax of 8.625% in the payments. I ended up at South Shore Honda in Valley Stream at $415/mo. So I think you got a pretty good deal. BTW check out your window sticker all of these cars come with a full tank of gas. wrwnyc and golfman. Could you please give me the email addresses of the internet managers that you did your deals with? That would be North Shore Honda and South Shore Honda, respectively? Thanks |
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Hi Carman, Is there any way to know if these low money factors will be availible in washington state in the near future? Why are some states included and some not? thanks
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Here's where we are. Buying a Honda Pilot. Selling an Odyssey. I just want to verify their math, and make sure I haven't left any money on the table. FYI, I live in Atlanta Ga. Term = 48 Month MSRP = $35325.00 EXL-2WD with RES and Side Step(785) Price = $32353.00 28922 + 2125(Negative on Odyssey)+595 aquisition fee + discounted side step(got a -75 credit in there somehow)-1000 down payment Residual = $13470.00 (39%) Money Factor .00265 Tax = 6% Payment $550.00
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Replying to: Car_man (May 10, 2007 2:32 am) Bookmark | Reply 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. hi car man i just got a figure from the sales rep at south shore honda stating that due to the money factor change from april to may (.00004 to .00048), that the lease payment on the above referenced lease increases by $60 per month. based on your numbers above (the purchase price, and the vehicle being exactly the same) does that sound about right? he said the payment would be 461 per month. (this has to be with the tax rolled in) does that sound right? also, could you (or anyone) point out to me the formula for converting money factors into percentages? thanks
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Replying to: haewalli (May 11, 2007 10:17 am) I tried the numbers with Car_man's sale #, 8.25% tax rate and the new money factor. I got you numbers of $349.27 pre-tax and $378.10 with tax - his numbers are definitely correct. I tried the change in numbers on my own lease - it was a ~$22 difference, not $60 and that was for an EX-L w/Navi. So, out of curiosity, I tried this with the numbers for you and I got the same difference. Here's my calculations for your lease: MSRP: $31540 (includes $595 dest. fee) Sale Price (per Car_man): $29118 Residual: $17347 (55% of MSRP) .00048 money factor $349.27 pre-tax $378.10 with tax What is the sale price they are offering you? Hope this helps. |
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