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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

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


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#1823 of 2588
Re: Pilots Current Offers [dwynne] by bigdadi118
Apr 29, 2008 (12:29 pm)
Reply

Replying to: dwynne (Apr 29, 2008 11:43 am)

I took the special AHFC lease 259/mo and the 2,500 maufacturer to dealer incentive has restriction ...
Dealer Cash cannot be combined with select special AHFC lease/purchase plan. See local dealer for details.
 
If I lease from outside lender it will cost 339/mo
Vehicle 2008 HONDA PILOT 4WD 4dr Wgn VP
MSRP $30,430
Credit Score 730
Miles you drive per year 12,000
Length of Lease (Term) 36 months
Down Payment $1,600
Money Factor 0.00214
  
Purchase Price $25,088
Bank Acquisition Fee + $795
Documentation Fee + $99
Down Payment - $1,600
Total = $24,382
    
Monthly Payment $339
Down Payment + $1,600
Due at Signing = $1,939
+ tax and license fees.
  
 
#1824 of 2588
i pickedup my Honda PIlot VP 4wd in NJ by swampdragon
Apr 29, 2008 (12:51 pm)
Reply
I did a little better than the manufacturer incentive
 
$335 a month - that price includes tax - so the untaxed price is 313
$500 down
$263 up front to pay for 3 years of motor vehicle fees
36k miles
36 months
 
no first months payment
no security deposit - standard
$1500 damage waiver allowance with AHFC - standard
#1825 of 2588
Re: Pilots Current Offers [bigdadi118] by dwynne
Apr 29, 2008 (1:18 pm)
Reply

Replying to: bigdadi118 (Apr 29, 2008 12:29 pm)

We leased our Pilot using the money factor and residual set out in the "lease special" but I negotiated a much lower price. As written, the special allows the dealer to make a nice profit.
 
Dennis
#1826 of 2588
Re: Pilots Current Offers [dwynne] by swampdragon
Apr 29, 2008 (1:20 pm)
Reply

Replying to: dwynne (Apr 29, 2008 1:18 pm)

so what was that price? - so that others have a number to target - thanks
#1827 of 2588
Re: Pilots Current Offers [swampdragon] by dwynne
Apr 29, 2008 (1:30 pm)
Reply

Replying to: swampdragon (Apr 29, 2008 1:20 pm)

It is posted in the form back when we leased it - about $150 or less over dealer cost (invoice less hold back).
 
Dennis
#1828 of 2588
PILOT EXL NAV in the Chicago area by dougmorris35
Apr 29, 2008 (3:37 pm)
Reply
I listed a Base Cap cost in a earlier message of $28857. The original quote neglected to include the MF which turns out to be .00243.
 
I can't get any dealer to get below 31400 without the saying I can either have the 2500 off or the .00043 Money Factor.
  
A few of the dealers are telling the "deal" ends on 4/30. Whatever the "deal" is.
 
So is 31400 a fair price on the EXL Nav or can I do better?
 
Thanks,
#1829 of 2588
Re: Pilots Current Offers [dwynne] by bigdadi118
Apr 29, 2008 (6:01 pm)
Reply

Replying to: dwynne (Apr 29, 2008 1:18 pm)

Without the trade-in burden, I can lease Pilot AWD EXL 3-yr/12k per yr. at $0 down, 299/mo ... the best I can find, however that dealer can only offer me 17,000 trade-in
 
While I leased the Pilot AWD VP at 259/mo., not specailly low, that dealer gave me 20,500 trade-in.
 
Same car the trade in gap is 3,500 difference. This difference can of course offset quite something.
#1830 of 2588
Re: Pilots Current Offers [bigdadi118] by dwynne
Apr 30, 2008 (4:52 am)
Reply

Replying to: bigdadi118 (Apr 29, 2008 6:01 pm)

You always have to factor a trade into things. When you bargain for the car vehicle you get the price as low as you can, then introduce the trade. The net of the difference will be the best deal.
 
You should never look at a deal as good or bad based on payments or payments and money down. If you know you have a good price on the new vehicle and if you have a trade get a fair price for it and the lease rate is nice - then you have a good deal. The worse thing anyone can do is to tell a dealer they want to lease and don't want to pay more than $xxx per month. The dealer will find a way to get to that number through high up front money or a LONG lease term - but in any case it will not be a good deal .
 
Sounds like got Edmunds or KBB trade in value or above for your trade and got a good price on your new Pilot = good deal.
 
Dennis
#1831 of 2588
Advice Needed with Buyout by ragecage
May 01, 2008 (6:12 am)
Reply
Looking for advice. Here is my problem:
 
Have a 2006 Pilot EXL. Currently paying $364/mo. Lease is up 2/09. was a 36K mile cap and I already have 41K on it! I never intended for the mileage to be so high but the wife put over 20K on it the 1st year (one of the reasons she is the soon-to be ex! lol). Anyway, the buyout is like $20K. I have maintained the vehicle mechanically (almost to a fault). Should I buy it out knowing that the mileage penalty could be upwards of $2K or since the prices are coming down, should I take the hit and negotiate another deal. Can't really turn it in early. Any advice would be appreciated. Thx.
#1832 of 2588
Re: Advice Needed with Buyout [ragecage] by swampdragon
May 01, 2008 (6:39 am)
Reply

Replying to: ragecage (May 01, 2008 6:12 am)

I am not sure what your choices are since you say you can't turn it in early.
 
When the lease comes closer to the end you have 4 choices-
Pay the penalty and turn it in
Buy it at the buyout price and keep it
Buy it and sell it privately
Buy it - buy/lease a new vehicle and trade in the 2006 pilot

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