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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 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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Replying to: Car_man (Oct 16, 2008 3:34 am) Mercedes ML350: $48,695 Acura MDX: $41,550 Toyota 4 Runner: $40,654 Toyota Highlander: $38,590 I don't know what kind of lease deals these brands are offering, but at least from the starting point of the MSRP, the Pilot EX-L is not overpriced. I would also point out that its owner satisfaction ratings are the equal to the above, plus it runs on regular gas.
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Replying to: iamknott (Oct 16, 2008 2:31 pm)  . My problem with the Pilot is that I would probably be in one right now if Honda had an attractive lease payment on it. The payments that are available on it are way out of whack. Take a look at the current advertised payments for the models that we have mentioned: $409/36 mo. w/ $2,995 down for a 2009 Pilot 2WD EX-L $349/36 mo. w/$3,690 down for a 2008 4Runner SR5 V6 2WD $289/36 mo. w/$2,710 down for a 2008 4Runner SR5 V6 2WD $599/33 mo. w/$3,050 down for a 2009 ML350 AWD I realize that the Pilot is newer and bigger than the 4Runner and Highlander, but for the difference in payment for me going with one of the Toyotas is a no-brainer. Granted I got a better deal than most people probably will, but I'm leasing an ML350 for $450/month with nothing down right now. To me, the Pilot lease payment is just not in line with what it should be right now. Perhaps Honda will ultimately be forced to improve it some. It was better back in August when Honda was advertising $299 per month for 42 months with $1,105 down. Oh well. It's all about supply and demand. If Honda sells enough Pilots at this price point, good for them. If not, they will have to either cut production or increase their support. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Folks, just wanted to share: I have just leased EXL-4WD (no RES) in NYC area: 36 Mo / 12K per year / $1400 upfront (inclusive all fee and taxes) / $450 a month. Great car and -IMO- good deal. Cheers. |
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Replying to: leto (Oct 20, 2008 8:30 am) Would you mind psting the specifics of your deal? i.e. MSRP, Selling Price, Residual, Money Factor, Net Cap Cost, Fees. Thanks. You could pretty much post the line by line of your lease contract if you don't know the numbers off the top of your head. |
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