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Honda Pilot Lease Questions

1922 messages,  Last post on Jul 24, 2008 at 3:12 AM

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


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#1701 of 1922
Re: CT, DE, IL, IN, KY, MA, ME, MI, NH, NJ, NY, OH, PA, RI, VT & WV Residents [dwynne] by dwynne
Mar 07, 2008 (6:53 am)
Reply

Replying to: dwynne (Mar 06, 2008 3:21 pm)

I asked a dealer in KY (a state with the cheap lease deals) and he said it was based on the state where you register the vehicle. So in other words, if you don't live in a state shown with the cheap lease then you are not likely to get that rate from a dealer in a state that is listed (unless someone messes up).
 
This is the way it has been in the past - they would have a special loan rate for residents of certain states, but you could buy your Honda from a dealer in a state not on the list and still get the low rate.
 
Just the opposite during the "President's Day" low financing where you could go to a dealership in a low rate state and buy using 2.9% money even if you reside in a state not included in the cheap money.
 
Dennis
#1702 of 1922
Just Signed Deal by wilash
Mar 07, 2008 (8:45 pm)
Reply
Looking for some input on this deal I signed today.
 
2008 Pilot EX-L with Nav and a dealer installed DVD
MSRP - 34,880
Selling Price - 30923.42
ACQ. Fee - 595.00
Total Price - 32017.42
Res - 45%
Payment - 499 including tax
600 - due at signing 1st month and some fee
 
How did we do? Any thoughts.
#1703 of 1922
good deal ??? by regdunlap
Mar 08, 2008 (10:39 pm)
Reply
EX-L (no Nav, no Res)
 
Sign and Drive Deal
Extra- wood trim package
15k miles / 36 mos.
 
$394 a month (includes taxes and all fees and registration)
#1704 of 1922
Re: March (post 3/3) Lease Terms [carabel] by cjkbme2w
Mar 09, 2008 (11:48 pm)
Reply

Replying to: carabel (Mar 05, 2008 8:09 am)

Hello Carabel:
 
How did you go about getting this deal, given that the current Honda offering is $259/mo with $2,499 due at signing. So how did you go about reducing the amount you had to pay up front to $1,400? Did this include tax, title and registration?
#1705 of 1922
Re: March (post 3/3) Lease Terms [cjkbme2w] by carabel
Mar 10, 2008 (6:12 am)
Reply

Replying to: cjkbme2w (Mar 09, 2008 11:48 pm)

Hi,
 
The deal I got was the Honda incentive ending 03MAR08 - published at $259 plus tax per month plus 1,999 due at signing. The $1400 down includes everything - acquisition fee, dealer's fee and registration. It really depends on the dealer - if they want to sell another car or not. Got quotes from 4 and I picked the nicest guy. They can give you a great deal especially towards month end where another sale may make a difference to their layered incentives. The lease special has a 1K incentive to the dealer - I think. The deal was made in Fort Lauderdale FL where I live. If you need more info, let me know.
 
Carabel
#1706 of 1922
Re: March (post 3/3) Lease Terms [cjkbme2w] by dwynne
Mar 10, 2008 (6:41 am)
Reply

Replying to: cjkbme2w (Mar 09, 2008 11:48 pm)

That is a suggested offer and one that leaves the dealer with a pretty nice profit. The offer just states an amount due at signing to make the advertised payment, you can put nothing down or less down if you want to. You goal is to deal the Pilot price down as low as you can get it, then pay as little as possible at signing.
 
Bad move: go to a dealership and say "I want that lease deal I saw online"
 
Bad move II: go to a dealership and say "I want to lease that for less than $300 a month".
 
Good move: negotiate a low selling price - at least $1k under invoice for the Pilot, destination, and any dealer fees. Try to do all you negotiation online with the "Internet sales rep". Then plug the numbers into a lease calc and see how the payment comes out.
 
Dennis
#1707 of 1922
2009 Honda Pilot Question by dcomber
Mar 10, 2008 (10:56 am)
Reply
My 2005 Accord Coupe EX-V6 w/Navi lease (24k miles on vehicle and have 36k miles allowed) ends in July 2008 and I'm looking at different SUV's as a replacment (Acura MDX/RSX, Chevy Tahoe/Trailblazer, Infiniti FX35). I kind of like the new 2009 Honda Pilot (although contrary to many people's opinion) and have heard that the release date could be April 2008 all the way until Fall 2008. Since the Pilot is going to be redesigned and Honda will be pushing it heavily, I'm wondering if I'll be able to negotiate on MSRP or if I will be stuck with the sticker price. I've heard the top of the line price will be around $38k (EX/AWD/Navi) and I'm wondering that due to the timing of my lease ending and the launch date of the new Pilot if I'd be better off working with a different manufacturer or if I would have some negotiating room since I'm coming off a lease with Honda. Not interested in the 2008 Pilot at all. Leasing is optimal for me as mileage is usually very low per my driving requirements.
 
Also, I was wondering if its good to work with other manufacturers 2 months out from my lease end as they know I'll need a new car and I'm dropping my leased car off at a Honda dealer. Is there any negotiation room with this and will they often times buy the lease out in regards to acquiring a customer? Being so close to my lease end, is it better to ride out the rest of my lease or is it better to swap it in a deal for another lease?
 
Thanks!
#1708 of 1922
Re: March (post 3/3) Lease Terms [dwynne] by carabel
Mar 10, 2008 (11:26 am)
Reply

Replying to: dwynne (Mar 10, 2008 6:41 am)

Dennis is a real guru here and he is very right with that approach. The best price I heard of for a base Honda Pilot is 21K for an outright buy. Best sell price for lease is above 24K. So you may want to negotiate the sell price down to those levels. I am a lease kind of a person so I know that I will get a new car in 3 years and won't be much interested in the value of the car 3 years from now. So for me, my monthly payment and little or no money down upfront is what matters. Honda Pilot delivered with value, safety, roominess and a traditional SUV look. Lots of new fancy looking crossovers out there but they also charge for those new looks plus a high probability of new design problems that have not been consumer debugged.
 
Carabel
#1709 of 1922
Re: 2009 Honda Pilot Question [dcomber] by dwynne
Mar 10, 2008 (11:32 am)
Reply

Replying to: dcomber (Mar 10, 2008 10:56 am)

Honda Accords are the "gold standard" in used cars and your current lease buy out price could be less than the current wholesale value of your Accord. If you have an AHFC Sign in (or sign up) for Honda's ownerlink and tie your AHFC lease into your ownerlink account, then you can get a lease buy out amount at any time. Compare that to the current Edmunds/NADA/KBB/etc trade in value for your low mile Accord. You don't have to wait until the lease end to do something if you car if worth at least the current buy out price - you just trade it in to the dealer. They pay it off now and give you a check for the equity (anything you can get them to give you over the buy out price) or you could roll that into the new deal to help pay for for things like the bank fee, taxes, etc.
 
If your buy out price is too high, then you might be better off to just sell it yourself now or wait and turn it in - but I would think a low mile V-6 might be worth more than buyout.
 
If you trade you car in rather than turn it in, then there is no end of lease inspection and no (possible) pay outs for stuff like excessive wear or tires or dings.
 
Dennis
#1710 of 1922
Re: 2009 Honda Pilot Question [dcomber] by dwynne
Mar 10, 2008 (12:53 pm)
Reply

Replying to: dcomber (Mar 10, 2008 10:56 am)

About the 09 Pilot: Even Honda does better at the end of design's life than at the beginning so an early production 09 Pilot has a lot higher chance of problems throughout its lifespan that an 08 Pilot will. If you are going to lease, this is not as huge an issue as it would be for a purchase and drive until the Pilot is worn out - but still something to think about.
 
If the re-do on the Civic (06) and Accord (08) are an indicator there will not be cheap lease deals and dealer incentives and possibly too many dealers willing to deal low when the new design arrives. As the "gotta be the first" folks get theirs and sales slow things will get better - and probably a good bit faster than they did for the new Accord and Civic. If you live where you can get a cheap lease on the 08 now, coupled with the incentive money and motivated dealers you could save a ton of money of what a new 09 Pilot would cost you in a lease. If you live where there is no cheap lease money, so could still do OK now with a 3rd party lease and taking the $3,500 non-AHFC lease incentive compared to what you probably do when the new model comes out.
 
Dennis

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