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Prices Paid: Buying & Leasing Experiences 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
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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.
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Replying to: jessedylan (Oct 11, 2008 6:19 pm) Fred
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Replying to: fred25 (Oct 12, 2008 11:37 am)
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Replying to: jessedylan (Oct 12, 2008 11:45 am) However, if your gut feeling says that you might be able to go a bit lower - just wait they will contact you again. |
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I was at a Honda dealer yesterday on Long Island, NY for a test drive of a 2009 Honda Pilot EXL. I really liked the car so I sat down for a bit to talk to the salesperson about a 36 month lease. I'm looking to pay tax, title, DMV fees, etc...(which he said would be approx. $2600), but no other downpayment. He told me the best he can do is $499 a month for a 36 month lease at 12,000 miles per year. That is considerably more than I wanted to pay. I have until February to get a new car so I'm willing to wait if the price is going to come down. Should I expect to do better than what they offered me? Sorry I dont have the price the dealer was working from, but I never saw the working numbers. Only the $499 written on the paper. Thanks for any help!
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Replying to: ny14337 (Oct 12, 2008 7:31 pm) Without all the numbers, it is difficult to comment on your deal. I don't know anything about NY taxes on leases, but the number you quote ($2600) for "tax, title, DMV fees, etc." seems pretty high to me. Wouldn't the tax be included in each month's payment and not paid up front? I suspect that the dealer has included a downpayment in that $2600. I am hoping that slowing sales will lead to some better lease incentives from Honda's finance company in the near future.
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Replying to: iamknott (Oct 14, 2008 10:55 am)
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Replying to: ny14337 (Oct 14, 2008 2:25 pm)
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Replying to: iamknott (Oct 15, 2008 11:39 am)
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Replying to: ny14337 (Oct 15, 2008 7:45 pm) I am going to be in the market to lease a new SUV early next year and unless Honda makes some significant improvement to its lease program for the Pilot, I will likely find myself in a Toyota 4Runner or Highlander. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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