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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
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Very thankful I found this forum. With all of your input/ feedback I hope not to leave any money on the table. That said here is where I am at. 2009 Pilot EX-L (no res), Cleveland Ohio, 7.75% sales tax. MSRP = $35800 Invoice = $32500 Sell = $32500 - $1250 (rebate) - $250 (extra discount) = $31,000 Down pmt = $550 (includes all fees) Pmt = $481 per mo including tax for a 36 mo lease. The salesman is a friend of the family and stated this is the lowest he can possibly go. After reading other posts I am thinking its still $30-$40 a month high. Thoughts? |
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I'm going to lease a 2009 Honda Pilot EX-L 4WD with RES + the running boards with lights. When I ask for all of the details such as the cap cost, money factor, dealer cash, residual value, etc. how do I know what the invoice price is? Is there a way to find out the invoice price so I know I'm getting a good deal? I live in the Princeton, NJ area. Are leases going for invoice, above invoice? Thanks, Scott
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Replying to: scottband (Nov 17, 2008 7:31 pm) MSRP: $36,795.00 INV...: $33,324.00 Running Board (different kinds) is option, 50% of list price is the invoice roughly. |
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Replying to: milzo (Nov 17, 2008 6:35 pm) i think your family friend can do better  here is a breakdown from my spreadsheet based on your numbers: Step 1: Calculate the Capitalized Cost Vehicle Selling Price: $31,000 Down-payment $0 Total: $31,000 Step 2: Calculate Vehicle's Residual Value MSRP: $35,800 Residual: 51% Total: $18,258 Step 3: Determine Vehicle's Total Depreciation Residual - Cap Cost: $12,742 Step 4: Determine Vehicle's Monthly Depreciation Lease Term in Months: 36 Total: $354 Step 5: Determine Interest Charges Money Factor: 0.00110 Total: 54 Step 6: Calculate Monthly Payment Total Pre-tax Monthly Payments $408 Sales Tax Rate: 7.75% Taxes per month: $32 Monthly Payments+Tax: $440 Hope that helps Dannyhashovav |
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Replying to: dannyhashovav (Nov 18, 2008 7:06 am) Also, Are fees like (Doc, License, CVR) these figured into the whole Capital Cost of the car?? Or should they be added at the end??? Maybe I should just pay those up front, and be sure not to get double charged. Anyone know what a CVR Filing fee is?? Thank you! |
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Replying to: dannyhashovav (Nov 18, 2008 7:06 am) |
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Here is what Mike Piazza Honda in PA just offered me and it's better than several other places. Is this a good deal or can I get better, and by how much? 3 yr/36,000 miles $1,000 out the door $488 per month lease Base invoice = $33,979 Vehic price = $32,529 ACQ Fee = $595 Cash Reduc = $289 Net Cap Cost = $32,834 Resid % (book) = 48% Resid % (net) = 50% Resid $ (net) = $18,732 Frt-End Profit = -$1,750 (it appears to be a negative) Reserve Profit = $200 Total Profit = -$1,550 (it appears to be a negative) DMV Fees = $186.45 Initial Payment = $1,000 Can I do much better than this? An extra $5 here and there aren't going to make a huge difference and not worth the extra time. Thanks |
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Does anyone have any feedback on a lease for a new Honda Pilot EXL-RES-AWD. Below are the most recent terms from the dealer. They still seam high so I'm curious whether anyone has any insight. $37,465.00 - MSRP $32,812.00 - Selling Price $900.00 - Down Payment $17,983.20 - Residual 48% 15,000 - miles per year $482.17 + 7.75% tax = $519.54 per month for 36 months
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I have a 2006 Pilot EX coming up for return in Feb 09. I called a LI dealer who advertised a 2009 EX Pilot $299 a month for 36 months, $0 down Tax, Title, First month payment , Bank fee $295,Destination fee $695. I called and this is the vechicle I am interested in . I see from some posting that the destination fee seem to be a duplication and maybe the dealer uses this for margin dollars?. The dealer says that he has cars for this, should I waste my time and go there , and since I have 3 months left on my lease will they buy that remaining lease to lease the new one . How despirate are dealers today ? or do I wait till January / Febuary? I am expecting that this deal woul have about a total of $2,500 down Thank you for the input.
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Replying to: nico18 (Nov 19, 2008 2:09 pm) 2009 Pilot 4WD EX-L w/RES 36 Months Term 15,000 Annual Mileage $471.60 before tax *Lease Summary: Required Refundable Security Deposit $475.00, 1st Monthly Payment $471.60, Esimated Selling Price $32,812.00 Capitalized Cost Reduction (down payment) $900.00 to equal an estimate total of $1,846.60 due at lease signing. |
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