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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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#2058 of 2588
Re: Honda Pilot EX 2009 Lease [slt3] by Car_man HOST
Nov 04, 2008 (8:14 pm)
Reply

Replying to: slt3 (Nov 04, 2008 5:31 am)

Hi slt3. Let's work up a lease on the truck that you are interested in without any of your remaining payments added in and see what we come up with. According to my calculations, if you were to lease a 2009 Honda Pilot EX 4WD that has an MSRP of $31,995 and a selling price of $28,237 ($500 over invoice minus $1,250 dealer cash) through Honda Finance right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment would be around $372, assuming that you qualify for its top credit tier. This lease would have the $372 first month's payment and a $595 acquisition fee due at lease signing.for a total of $967. The payment for an otherwise identical EX-L 4WD would be around $420.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2059 of 2588
Re: Honda Pilot EX 2009 Lease [Car_man] by hornsby377
Nov 06, 2008 (12:52 pm)
Reply

Replying to: Car_man (Nov 04, 2008 8:14 pm)

Hello. I was just quoted for a 09 EX 4WD lease. 36 months/ 12k per year
 
Can you review this information and let me know if this is a good deal??? I'd appreciate any advice.
 
Selling Price: 27,506.77
MF: .00110
Residual : $17,620
  
I'm in IL so I pay the sales tax of 7.5%.
 
$398 for 36 months, no money down except the 1st months payment, doc fee, and plate fees due at signing
 
To me it sounds like a good deal, but you guys are the experts! Thank you!
#2060 of 2588
Re: Honda Pilot EX 2009 Lease [hornsby377] by ragecage
Nov 06, 2008 (1:18 pm)
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Replying to: hornsby377 (Nov 06, 2008 12:52 pm)

This is a great deal. I am coming off an '07 EXL lease that I have to buy due to mileage. My deal was:
 
2K down
12K miles per year
$315 per month
$19K buyout
 
I have almost 54K miles on my vehicle so I am forced to buy it
#2061 of 2588
Re: EXL lease [scottband] by elitecruises
Nov 06, 2008 (6:05 pm)
Reply

Replying to: scottband (Nov 02, 2008 12:28 pm)

I am similarly situated (in Delaware County, PA). Best price I have received is $519/mo. ttl. Don't know money factor, etc. This is what I was offered (opening shot from dealer):
2009 Pilot EX-L RES (DVD) AWD on a three year 36,000 mile lease for $752.39 out of pocket which represents the first payment and $177.65 Tag/Title and you can have the Pilot for 35 more payments of $519.00/month and that includes tax. The purchase option and the end of term is $18,732.50.
 
Ideally, I want to pay less than $430/mo. ttl. Would appreciate dealer leads, suggestions. Thanks
#2062 of 2588
Re: Honda Pilot EX 2009 Lease [Car_man] by indysabre
Nov 06, 2008 (6:57 pm)
Reply

Replying to: Car_man (Nov 04, 2008 8:14 pm)

Hi Car_man,
 
Can you or someone else please post what residual % is used for these calcs currently on 2009 Pilot EXL 4WD? Also do I then multiply it by the MSRP or MSRP plus destination to get the residual amount?
 
Most the dealers here in Indianapolis seem to be quoting right at invoice - 1250 lease cash with the .0011 MF but the Payments are closer 445 - 450 plus tax. One thing I have to check is whether the 450 is with the aq fee rolled into the payment (I probalby wouldn't mind paying the first payment plus aq fee at signing to get the lower monthly payment.
 
Psychologically, the 420 sounds so much better.
 
I would also think with the economy the way it is and lots of these sitting on their lots they should be able to go a few hundred below invoice to start considering the 1200 or so of hold back on these? Does that make sense?
#2063 of 2588
Re: Honda Pilot EX 2009 Lease [indysabre] by pilotnoob
Nov 06, 2008 (7:38 pm)
Reply

Replying to: indysabre (Nov 06, 2008 6:57 pm)

RESIDUAL IS 52% ON AN 09 EX-L
#2064 of 2588
Re: EXL lease [elitecruises] by hornsby377
Nov 06, 2008 (8:24 pm)
Reply

Replying to: elitecruises (Nov 06, 2008 6:05 pm)

I asked my dealer how much for an EX-L w/RES.per month with similar factors as I posted before.. he said it would about about $150 a month.
#2065 of 2588
Lease- 12k miles vs. 15k miles by kari56
Nov 07, 2008 (6:28 am)
Reply
Is there any type of quick calculation to determine the monthly price difference in a 12,000mile lease vs. 15,000 mile lease? I generally avergae only about 10,000 miles a year, but still woudl liek to have the extra mileage allowance if it's not that much more.
 
Thanks!
#2066 of 2588
Re: Lease- 12k miles vs. 15k miles [kari56] by kyfdx HOST
Nov 07, 2008 (6:36 am)
Reply

Replying to: kari56 (Nov 07, 2008 6:28 am)

On a Honda, going from 12K to 15K reduces the residual by 2% of MSRP.
 
So, on a $35K car, that's $700, divided by 36 payments = $19.44/mo.+ tax.. It will work out to slightly less than that, because of the lower residual, but $20/mo. is a good rough estimate..
 
regards,
kyfdx
#2067 of 2588
Re: Lease- 12k miles vs. 15k miles [kyfdx] by kari56
Nov 07, 2008 (7:20 am)
Reply

Replying to: kyfdx (Nov 07, 2008 6:36 am)

Thanks so much, kyfdx! That really helps.

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