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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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#2038 of 2588
Re: Good lease on a 2009 Honda Pilot EXL? [Car_man] by sjtash
Oct 28, 2008 (6:59 am)
Reply

Replying to: Car_man (Oct 16, 2008 2:51 pm)

You said "Granted I got a better deal than most people probably will....".
 
Can you share some information that helped you get such a good deal? How did you negotiate the price, etc to get such a good deal.
 
From what I understand the negotiable variables are:
Price
Term
Interest Rate
 
Most times the interest rate is fixed by Honda Finance and tied to a 60 month rate, which seems to be pretty high now (6%+).
 
Thanks!
#2039 of 2588
Re: EXL lease [sjtash] by robroth
Oct 28, 2008 (7:01 am)
Reply

Replying to: sjtash (Oct 28, 2008 6:49 am)

The money factor *IS* the interest rate, Interest rate = MF * 2400.
For example, if the money factor is 0.00209, your interest rate will be 5.016%.
#2040 of 2588
Re: EXL lease [robroth] by sjtash
Oct 28, 2008 (7:43 am)
Reply

Replying to: robroth (Oct 28, 2008 7:01 am)

What I meant was, what is a good interest rate from Honda these days. I see lots of 0% financing available for purchases but, presumably 0% is not available on a lease and certainly not for an '09 Pilot.
#2042 of 2588
2009 EX-L by paulo6
Oct 28, 2008 (8:58 am)
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Live in Michigan, and I got the following...thoughts are appreciated. I did not start to negotiate yet, this is their first offer, BUT they know me from before and usually give me good prices from the get-go...
 
2009 EX-L...nothing on it
2WD
Price: $30212.58
Risidual: 17132 (50% it seems)
MF: .0010
36/12K miles
$673 total due at closing incl. 1st month
Payment inclusive of taxes (6%): $458.00 I am told 4WD will end up same payment
 
Thoughts will be appreciated...
#2043 of 2588
Re: 2009 EX-L [paulo6] by paulo6
Oct 29, 2008 (6:31 am)
Reply

Replying to: paulo6 (Oct 28, 2008 8:58 am)

By the way, the price offered above DOES NOT apparently include an Acquistion fee of $595...
#2044 of 2588
Re: 2009 EX-L [paulo6] by iamknott
Oct 29, 2008 (11:39 am)
Reply

Replying to: paulo6 (Oct 28, 2008 8:58 am)

paulo,
 
The deal sounds pretty good compared to what I have seen. It would be very good, if you could get the same payment on the 4WD version (with no down payment, but including tax). Let us know how the final deal works out and the dealership name.
 
When you said that the price does not include an acquisition fee, do you mean that the lender (lessor) waived it?
#2045 of 2588
Re: 2009 EX-L [iamknott] by paulo6
Oct 29, 2008 (12:44 pm)
Reply

Replying to: iamknott (Oct 29, 2008 11:39 am)

No...did not waive it, It is included in the $458 payment. Cuz my calcualtions on the above mentioned selling price was $435 payment and not $458, so when I called to inquire, he explained to me the Acquisition fee...(the dealer is Fischer Honda, in Ypislanti, MI)
 
Now I just received a call from Howard Cooper Honda in Ann Arbor, MI, who historically have been very high and arrogant, and the offer just got even better:
 
2WD selling Price: $29395
Same MF and Residuals quoted by Fischer for a total payment of only $433.54 (OTD, incl, tax) with same out of pocket ($672)
 
Now for 4WD I can have the same payment ($433.54) but my total out of pocket goes up only by $150 or so to $827.. I am definitely leaning towards that now
 
I am now waiting for Fischer to see if he can match/beat that deal (they offer free oil change, while Howard Cooper does not)...
 
UPDATE:
 
Fischer matched the deal with a measly $77 discount on out of pocket, so what it looks like I will be getting:
 
4WD EX-L (12/36)
$433.54/month includes tax and all
$750 total due at signing
Free Oil changes...
 
I think I should be pretty happy with the above
 
Any other insights will be appreciated...
#2046 of 2588
Re: Good lease on a 2009 Honda Pilot EXL? [sjtash] by Car_man HOST
Oct 30, 2008 (3:30 am)
Reply

Replying to: sjtash (Oct 28, 2008 6:59 am)

Hi sjtash. The best way for consumers who do not qualify for manufacturers' supplier or employee purchase programs to get a good deal on a lease is to shop around for the lowest possible selling price on the car or truck that they want and then have the dealer calculate their payment using its buy rate lease money factor.
 
Honda Finance's current buy rate lease money factor for the 2009 Pilot is .00147, which is equivalent to an interest rate of around 3.5%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2047 of 2588
Re: EXL lease [sjtash] by Car_man HOST
Oct 30, 2008 (3:32 am)
Reply

Replying to: sjtash (Oct 28, 2008 7:43 am)

Hey sjtash. Honda Finance's current buy rate lease money factor for the 2009 Pilot is .00147 for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing. This factor is equivalent to an interest rate of around 3.5%. If you are going to lease an '09 Pilot, make sure that the dealer uses this money factor to calculate your payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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