Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
2588 messages, Last post on Nov 22, 2009 at 6:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| Anyone have any predictions for a 2009 pilot Touring model? Sticker probably around 40k. Looking for 3 year, 15K per year lease with only inceptions down. | |
|
Replying to: josephd05 (Apr 22, 2008 4:58 am) Looking at the pictures and specs *I* don't see enough to make me want to wait for an 09 - for sure if you live where the cheap lease is still in effect. Getting an 08 Pilot now for down into the hold back, less incentive, with a 1% or less lease compared to getting an 09 for MSRP at over 6% is, to put it mildly, a staggering amount of difference. I would think the new Pilot is not going to sell any better than the current one, if fact it should be worse given the direction of gas prices. If you wait a few months after launch Honda will probably have to put incentives and cheap leases on them to move them. You may have to be patient, but in car buying the one in the hurry usually pays the most money  . Dennis
|
|
|
|
|
Replying to: dwynne (Apr 22, 2008 5:37 am) This is absolutely correct. I went down 4 times total of 3 different dealerships and I am still searching best deal. Once you are in hurry, they hook the fish, Catch Of The Day. I always begin with email price quotes. |
|
|
Greetings It is my understanding that a gentleman named Dennis is the guru of leasing questions. If anyone else has experience with the following question, please feel free to share your experience. Does American Honda Financial Corporation (AHFC) negotiate on the residual price of a lease buyout IF the vehicle (2006 Pilot EXL-Navi in this case) has an actual book value that is considerably less? My 06 Pilot lease is up in July 2009 and has a residual of $19,200. I believe that price is going to be considerably more than most people would pay considering the skyrocketing fuel prices driving down the SUV market. I know it's not often that Honda has vehicles that depreciate quicker than normal, but I think the Pilot will and has become one of them. Regards, Jeff (Ohio)
|
|
|
Replying to: dwynne (Apr 22, 2008 5:37 am)
|
|
|
Replying to: jcgray49 (Apr 22, 2008 6:39 am) Even if AHFC does not take out insurance (and they may not since their leases usually feature artificially high residuals) they don't want to discount the cars. I think they prefer the lessee to lease or buy a new Honda instead of making them a deal on the old one. Also, off lease cars are a good way for dealers to get their hands on low mile, 3 year old cars to CPO and sell. If they have a choice of letting a dealer make profit and leasing you a new Honda OR giving you a better deal they would choose the former - I would think. I have been told if you want to buy out the Honda through a dealer they will discount it $500 to that dealer so that they can make a little money on the transaction. So it should be easy to find a dealer willing to do the deal for the buy out price (since they make $500). If you were friends with a GM or something at a Honda store maybe they would give you some of the $500? You can also buy it direct from AHFC if you want to. My 05 S2000 lease ends in a couple of months and I am trying to decide if I want to buy off the lease or turn it in and lease a new 08. The trade value of the car is $2k or so under residual so the auction value is even worse. If I could get a deal I would just keep it, but overpaying for it used does not make much sense when I can get a new 08 priced into hold back with a pretty cheap lease. All of that said, who knows what will happen in 15 months? If gas is $6 a gallon then you may not want to keep it either. Honda can't sell Pilots when gas was < $3 a gallon so they REALLY will struggle as prices rise - and used ones will not sell for much if new ones carry big incentives (as they do now). So they could offer you a discount to keep you from turning it in or keep financing or both. Historically they do not, but you never know. That is the nice thing about the lease - they take the chances on future value and not you. If the car held value better than expected (as my 01 S2000 did) then the buy out price is a bargain and you could take it (or sell or trade it for profit). If the car value tanked, you just turn it in a go get something else. Dennis |
|
|
Replying to: josephd05 (Apr 22, 2008 10:18 am) . They just can't sell Pilots - the current model nor will they be able to sell the new model either. Never have, probably never will be. So for sure cheap deals will follow once the initial sales spurt is over. Dennis |
|
car_man: Looking to lease a 2008 Honda Pilot for 3yrs, 12K a year. I have been told that Honda has 1K rebate and/or lease cash available. Can you let me know what the residual & money factor should be for this vehicle. I am pretty sure they quoted me 51% which seems low for a Honda. Also, I am in no rush to lease as my existing lease does not end until June, do you thing better deals will come as the 2009 Pilots arrive next month? Can I expect better lease cash? Same residual? Thanks.
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Honda Pilot
Browse by Board
Browse by Topic
Today's Chats
