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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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#1978 of 2588
Re: Car_man (and others) - Lease end options? [bizhouse] by Car_man HOST
Aug 29, 2008 (2:57 am)
Reply

Replying to: bizhouse (Aug 23, 2008 7:02 am)

Hi bizhouse. Your options at the end of your current lease will be to
 
1) Extend it for a couple of months
 
2) Return it to Honda Finance and get something new
 
3) Buy it
 
Returning your truck to Honda Finance is probably your best option here. Unless Honda Finance is willing to negotiate, your Pilot's purchase option price is probably much, much higher than its current value on the open market.
 
Unfortunately, Honda is not currently running any special owner loyalty promotions that I am aware of, other than possibly waiving its security deposit requirement for returning lessees. It doesn't often offer loyalty incentives, but who knows what sort of offers it will have out there ten months from now. Other than your familiarity with the dealership, there is no benefit from leasing from the same one that you leased from last time.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1979 of 2588
Re: Pilot-09 EXL AWD lease [leto] by Car_man HOST
Aug 29, 2008 (3:06 am)
Reply

Replying to: leto (Aug 27, 2008 10:24 am)

Hi leto. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pilot EX-L AWD without the entertainment system with 12,000 miles per year are .00212 and 54% respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. I don't know exactly what the money factors for lower credit tiers would be for this model, but they obviously would be higher.
 
The $2,000 dealer cash that Honda introduced on the 2009 Pilot a few weeks ago is scheduled to run through September 2nd. It is often difficult to predict exactly what manufacturers will do with their future incentives, but I personally would be shocked if this cash was not at least extended in September.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1980 of 2588
Re: Residual Value/Money Factor for Loaded 4 x 4 Touring W/RES [Car_man] by ben_jammin
Aug 29, 2008 (1:06 pm)
Reply

Replying to: Car_man (Aug 29, 2008 2:12 am)

Thanks Carman. Have been going through the wringer with my dealer. They keep moving the ball but I am onto them. Their final offer is $770 more (in the form of a downpayment) than what we originally had agreed to (or discussed, depending on your perspective). Rolling this from a cap cost reduction into the lease gives me a monthly payment of $606/month with first payment only down, security deposit waived, and 12k mi/yr, 36 mos. This is for a 2WD Touring w/RES and chrome steps. They are also taking my current Pilot in trade, which results in $920 in negative equity in the deal, offset by $771 in tax savings.
 
Curious if you think this payment for that car at zero down is a "good deal" or not. Have to decide this afternoon so if you see this and can answer I would greatly appreciate it. Thanks.
#1981 of 2588
Re: Should I wait? [bigdadi118] by pilotnoob
Aug 29, 2008 (2:51 pm)
Reply

Replying to: bigdadi118 (Aug 27, 2008 8:44 am)

Thanks bigdadi
 
I'm still not sure if they're going to hold the $2000.00 dealer cash into Sept., but if anyone has any insight on this I would really appreciate the input.
 
Thanks again to all who contribute to this forum
#1982 of 2588
Re: Pilot-09 EXL AWD lease [Car_man] by leto
Aug 29, 2008 (5:55 pm)
Reply

Replying to: Car_man (Aug 29, 2008 3:06 am)

Many thanks!
 
Hence another question:
1. what are the criteria for "super preferred" category?
2. where do I apply these $2000 when calculate monthly payment: to a purchase price or to a "customer's cash"?
3. you mentioned the deposit... how much is that? a monthly payment?
 
with invoice = $31,863, where do you think a final purchase price should be if incentives are applicable there?
 
Again, thanks for a very informative reply.
#1983 of 2588
2009 Honda Pilot 4WD EX-L Lease Payment by saltyone
Aug 30, 2008 (4:27 pm)
Reply
I am working with a dealer and have been offered $533 lease payment with only first payment due at signing with 12K miles for 36 months. Is this a fair deal? If not, what is the best monthly payment you have seen out there?
#1984 of 2588
Re: 2009 Honda Pilot 4WD EX-L Lease Payment [saltyone] by hammer67
Aug 30, 2008 (6:06 pm)
Reply

Replying to: saltyone (Aug 30, 2008 4:27 pm)

I just signed 3 YR/12K lease with $0 down, $395 a month.
#1985 of 2588
Re: 2009 Honda Pilot 4WD EX-L Lease Payment [hammer67] by leto
Aug 30, 2008 (6:48 pm)
Reply

Replying to: hammer67 (Aug 30, 2008 6:06 pm)

Fantastic!!
 
you said - 0 down... No bank fee/deposit...nothing?
Please share what dealer did you make it with?
 
Many thanks!
#1986 of 2588
Re: 2009 Honda Pilot 4WD EX-L Lease Payment [saltyone] by junobear
Aug 30, 2008 (8:41 pm)
Reply

Replying to: saltyone (Aug 30, 2008 4:27 pm)

sounds a little steep. look to another dealer. we got 393 + taxes. So i'm at 425 a month. each dealer is different. dont get rushed or pushed into anything.
#1987 of 2588
Re: 2009 Honda Pilot 4WD EX-L Lease Payment [leto] by hammer67
Aug 31, 2008 (8:19 am)
Reply

Replying to: leto (Aug 30, 2008 6:48 pm)

I'm in NH, 3 dealers offered the same most likely as their lots are overcrowded with 09 Pilots, try Peters at Nashua, Autofair, Manchester or Grappone Honda

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