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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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#1841 of 2588
Re: Advice Needed with Buyout [dwynne] by bigdadi118
May 01, 2008 (12:58 pm)
Reply

Replying to: dwynne (May 01, 2008 12:23 pm)

Saw one at autotrader 06 Pilot EXL 20,000 miles at price $24,000
Private seller.
#1842 of 2588
Re: Advice Needed with Buyout [bigdadi118] by ragecage
May 01, 2008 (1:12 pm)
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Replying to: bigdadi118 (May 01, 2008 12:58 pm)

Thx. I like the car and will continue to drive it. Just before the lease is up I will look at the going rate and if it is less than the 20K buyout I have, then I will consider doing some sort of deal. The score would be if AHFC is willing to negotiate and take a little off the top to have me buy it out. From reading previous posts it seems that negotiating buyouts is something they DON'T do.
#1843 of 2588
Re: Advice Needed with Buyout [ragecage] by josephd05
May 01, 2008 (1:19 pm)
Reply

Replying to: ragecage (May 01, 2008 1:12 pm)

Whatever you do, do not buy out before lease is up. many things can happen. You may be involved in a car accident, and at that point, why keep a car that has had body work. Also, I could be wrong, but I think just like a regular loan, teh amount of principle you pay towards the latter part is much greater than early on, so might as well take advantage. If you call honda and ask for your buyout NOW, also ask them how much principal on each payment you make now.
#1844 of 2588
May REGIONAL Pilot special lease deals by dwynne
May 02, 2008 (4:10 pm)
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REGIONAL FEATURED SPECIAL LEASE: Available only to residents of: AK, CA, CT, DE, HI, ID, MA, ME, MT, ND, NH, NJ, NY, OR, PA, RI, SD, VT, WA AND WY
 
I put in a NY zip code and ran the numbers through my handy-dandy lease MF solver and they are doing 0.00123 (2.95%) and 49% on the 2WD VP and 0.00140 (3.36%) and 52% on the 4WD VP. That is way more than the 1% or 1/3% they were doing previously.
 
In the online special they are pricing the 2WD Pilot at $23,595.22 and invoice is $25,710 so it is $2,117.78 under invoice as they show it. The dealer incentive is $2,500 on this model, so this leaves 100% of hold back and $382.22 profit.
 
If you don't live in one of the states listed, you can expect a rate like 0.00250 or something not good.
 
Dennis
#1845 of 2588
Re: May REGIONAL Pilot special lease deals [dwynne] by jetfan
May 05, 2008 (5:58 am)
Reply

Replying to: dwynne (May 02, 2008 4:10 pm)

In April I was quoted a money factor of .0043 with a residual of 51% for a 4WD EX-LRES with 36 months & 12K a year. Are the May numbers better? Any $$$ being offered on leases for May? I am in NJ.
#1846 of 2588
Re: May REGIONAL Pilot special lease deals [jetfan] by dwynne
May 05, 2008 (6:40 am)
Reply

Replying to: jetfan (May 05, 2008 5:58 am)

money factor of .0043 with a residual of 51%
 
I think you mean 0.00043 which is 1.032% effective interest.
 
Those are the May numbers I posted - based on solving for the MF in the lease special shown on the Honda web page when you put in a ZIP code for a state that has the discounted lease.
 
This is for VP models and in the past the MF has been the same for the VP 2WD and non VP 2WD models and the same for the 4WD VP and non VP 4WD models. I assume this is still the case but check with your dealer to be sure.
 
You should have leased last month when the rate was better. I warned that the cheap leases would probably not last. AHFC has been raising the rates on the leases since the first of the year (we got ours at 0.31% in Jan).
 
Dennis
#1847 of 2588
May lease by jetfan
May 05, 2008 (7:09 am)
Reply
I'm sure it will all work out. Tons of 2008 Pilots on my dealer's lot & not a lot of Foot traffic for SUVs right now. My lease is up 07/04/08 & I am not in a hurry.
#1848 of 2588
Re: May lease [jetfan] by dwynne
May 05, 2008 (7:41 am)
Reply

Replying to: jetfan (May 05, 2008 7:09 am)

The Honda SELLS you a new Pilot then they are done with that one. If they LEASE you a Pilot then in 3 years they get it back and have to figure out how to sell it AGAIN. If they get desperate enough they might do anything now and worry about the future when it gets here, but I would be inclined to see better SALES offers than lease one in the future.
 
Dennis
#1849 of 2588
Re: Honda Pilot with RES [jetfan] by Car_man HOST
May 09, 2008 (1:33 am)
Reply

Replying to: jetfan (Apr 24, 2008 6:58 am)

I'd be happy to help you out, jetfan. I am not aware of any cash incentives that are available on leases of the 2008 Honda Pilot right now. In the areas that Honda's special regional lease program is available, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Pilot EX-L 4WD with the entertainment system and 12,000 miles per year are .00140 and 50%, respectively. I believe that this lease program is scheduled to run through July 7th, so it will likely be the same in June as it is today.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1850 of 2588
Re: May lease [jetfan] by mike274
May 09, 2008 (5:10 am)
Reply

Replying to: jetfan (May 05, 2008 7:09 am)

Hi Jetfan
Can you let me know what dealership you are seeing that has all these 2008 Pilots
 
Thanks

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