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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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#2009 of 2588
Re: 2wd Touring with NAV money factor and residual? [andy5220] by Car_man HOST
Sep 25, 2008 (3:04 am)
Reply

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
Host
Prices Paid: Buying & Leasing Experiences Forum
#2010 of 2588
EXL-AWD lease by leto
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!
#2011 of 2588
Re: EXL-AWD lease [leto] by iamknott
Oct 03, 2008 (12:02 pm)
Reply

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.
#2012 of 2588
Re: EXL-AWD lease [iamknott] by leto
Oct 03, 2008 (12:10 pm)
Reply

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
#2013 of 2588
Re: EXL-AWD lease [leto] by iamknott
Oct 04, 2008 (1:50 pm)
Reply

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.
#2014 of 2588
Re: EXL-AWD lease [leto] by Car_man HOST
Oct 06, 2008 (5:00 pm)
Reply

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
#2015 of 2588
Re: Advice Needed with Buyout [dwynne] by madf
Oct 08, 2008 (2:00 am)
Reply

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!
#2016 of 2588
Re: Advice Needed with Buyout [madf] by iamknott
Oct 08, 2008 (5:09 pm)
Reply

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.
#2017 of 2588
Good lease on Honda Pilot EX? by jessedylan
Oct 11, 2008 (6:19 pm)
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I spent four hours in the dealership today, and walked away to think about it for the night. I have a lease on a Saturn Vue that ends in 04/2009, where I'm paying $350/month. Considering this, here is what the dealer offered me: $3,600 down, $410/month (monthly payment includes 9% tax). Money factor is 0.00147, and this is for 35 month term and 12,000 miles/yr. Sticker price was over $35,000, but I got them down to $29,469. Included in the reduction is $2,100 that they're going to give me so that I can return the Saturn.
 
I need a different vehicle by April, and I like this vehicle, but don't have to replace it until April if it's better to wait. With the economy and all, I would prefer not to part with $3,600 now or add $60 to my monthly payment, but I have no doubt it's worth the extra money over the Vue. If the deal is worth it, than I'll do it now. Otherwise I can walk away. Hopefully I've given you enough information to tell me if this is a good deal. I'm in Washington State.
#2018 of 2588
Re: Good lease on Honda Pilot EX? [jessedylan] by fred25
Oct 12, 2008 (11:37 am)
Reply

Replying to: jessedylan (Oct 11, 2008 6:19 pm)

IMO since you have until april you should wait. We are going into the Holiday season and many people are NOT looking to purchase vehicles at this time. This is a very slow time for the auto industry - that's why you may see incentives to boost vehicle sales. If you go back - you will see that there was a posting of the Honda Sales figures for September- which are down. If this is any indication of how serious our economy has been - October, November, and December sales figures should be equally on a downward trend. Just keep checking back with your dealers, perhaps one of them will give you a better deal to move out vehicles.
 
Fred

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