- #2007 of 2588
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Re: Money Factor and Residuals for Sept. [jnelsen]
by Car_man HOST
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Sep 25, 2008 (2:56 am)
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Replying to: jnelsen (Sep 08, 2008 10:47 am)
Hey jnelsen. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Pilot Touring 4WD with the entertainment system and 15,000 miles per year are .00147 and 46%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
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- #2008 of 2588
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Re: Money Factor and Residuals for Sept. [jl27]
by Car_man HOST
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Sep 25, 2008 (2:58 am)
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Replying to: jl27 (Sep 08, 2008 5:06 pm)
No problem, jl27. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pilot EX 4WD with 12,000 miles per year are .00147 and 54%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. I don't believe that Honda Finance offers leases with only 10,000 miles per year, but you can check with the dealer to find out for certain.
Car_man
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- #2009 of 2588
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Re: 2wd Touring with NAV money factor and residual? [andy5220]
by Car_man HOST
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Sep 25, 2008 (3:04 am)
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Replying to: andy5220 (Sep 13, 2008 12:55 pm)
Here's the information that you're looking for, andy5220. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Pilot Touring 4WD with navigation but without the entertainment system with 12,000 miles per year are .00147 and 49%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2010 of 2588
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EXL-AWD lease
by leto
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Oct 02, 2008 (4:57 am)
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Car-man and Co,
I, ideally, am looking for 36 mo/ 12K.
I am qualified for "Super Preffered" rate and willing to pay upfront 1mo+deposit+MV fee + bank fee.
Looks like my monthly payment (based upon September, 2008) would be in low $500.
Are there any pleasant news from Honda for october, 2008 lease deals?
Money factor/incentives... anything?
Thanks!
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- #2011 of 2588
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Re: EXL-AWD lease [leto]
by iamknott
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Oct 03, 2008 (12:02 pm)
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Replying to: leto (Oct 02, 2008 4:57 am)
Leto,
I'm in the same boat. In view of the fact that Honda's sales were down 20+% in Sept., you'd think they would be more aggressive, although I haven't seen any specific sales figures for the Pilot. I hope to go talk to my dealer again this weekend and I will report what he says. When we first talked in July-August, our salesman advised us to extend our current lease for six months and to wait for some incentives, which we did. I noticed that he had a multi-page printout on his desk of all the dealership's customers who had maturing leases, including model and current lease payment. You'd think that, if he had some good lease incentives to offer, he'd be working that list hard.
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- #2012 of 2588
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Re: EXL-AWD lease [iamknott]
by leto
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Oct 03, 2008 (12:10 pm)
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Replying to: iamknott (Oct 03, 2008 12:02 pm)
I was offerred:
$1200 out-of-pocket (including 1 st month)
$ 450 / month for 36 mo/ 12K
I am in NYC area.
feel free to comment
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- #2013 of 2588
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Re: EXL-AWD lease [leto]
by iamknott
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Oct 04, 2008 (1:50 pm)
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Replying to: leto (Oct 03, 2008 12:10 pm)
Leto,
That doesn't sound like a bad deal. It is better than what I am seeing from one dealer here in Central Ohio.
I spoke with dealer today. He said AHF money rate (Super Preferred) is down to .00147, but the residual is also down slightly to 52%. He didn't tell me the price, but said with zero down, 12,000 miles, 36 mos., the payment would be $552/mo. (which I assume does not include tax). Still too rich for me. I need to test drive the Veracruz and see what kind of deal Hyundai will make.
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- #2014 of 2588
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Re: EXL-AWD lease [leto]
by Car_man HOST
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Oct 06, 2008 (5:00 pm)
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Replying to: leto (Oct 02, 2008 4:57 am)
Hi leto. Honda's October lease program for the 2009 Pilot is exactly the same in October as it was in September, .00147 for consumers who qualify for its top credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #2015 of 2588
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Re: Advice Needed with Buyout [dwynne]
by madf
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Oct 08, 2008 (2:00 am)
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Replying to: dwynne (Jun 09, 2008 10:18 am)
I too got a letter from Honda asking if we'd be willing to extend our lease. We have a 2005 MDX lease that ends at the end of this month. We've been denying the fact that we have to start shopping for a new car during this awful financial time and would actually love to extend our lease (a few months). I'm assuming their motivation has to do with the economy/gas/and lease losses...so, does anyone think there might be a little room for negotiation? For instance, extend our lease another 6 months if we can get it for $100 less a month??
I'm almost positive they will lose more money if we turn it in on time then if they give us the above adjustment, but we're terrible negotiators and would really, really appreciate any input/info/advice! Thanks!
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- #2016 of 2588
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Re: Advice Needed with Buyout [madf]
by iamknott
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Oct 08, 2008 (5:09 pm)
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Replying to: madf (Oct 08, 2008 2:00 am)
Extending your lease is an option that is probably granted to you in the lease contract. I didn't read mine, but Honda Finance readily agreed to do it when we requested it. I think that you may do two extensions of from 1 - 6 months each, max total 12 months. You only need to pay the sales tax up front. We chose to extend because Honda was not offering any worthwhile leasing incentives for the 09 Pilot when our current lease was up. Our dealer thought it would be worth waiting a few months to see what happened. As you suspect, Honda does not mind waiting for the return of your vehicle which probably carries a residual value that is greater than the current market value. They may be praying for cheaper gas and a rebound in used SUV prices at the auction. However, I doubt very much that they would be willing to negotiate a lower lease price during your extension. Too much paperwork if they were to do that for everyone. You and I are just small cogs in a big machine. Although you might be out of the regular warranty, if your car was regularly serviced at the dealer, your drivetrain warranty would still be in effect. That's what the dealer told me.
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