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Honda Pilot Lease Questions

2519 messages,  Last post on Jul 04, 2009 at 12:58 PM

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What is this discussion about? Honda Pilot, Car Leasing, SUV


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#2130 of 2519
Is this too good to be true? by sjtash
Dec 15, 2008 (7:16 am)
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I got an offer to lease a 2009 Honda Pilot EXL 4WD, 36 months, 12,000 miles for $349 per month. $1,495 due at signing (bank fee, 1st month pmt and security deposit.
 
This seems almost to good to be true. I am going to the dealer this evening to check it out.
 
Anyone have any thoughts, good or bad?
#2131 of 2519
Re: Is this too good to be true? [sjtash] by dannyhashovav
Dec 15, 2008 (8:04 am)
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Replying to: sjtash (Dec 15, 2008 7:16 am)

Interesting...where is this offer comes from? Did you check dealer's ratings?
#2132 of 2519
2009 Pilot Touring w/RES by dmjf19
Dec 16, 2008 (1:33 pm)
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Just left a dealer in Northern NJ (DCH Paramus) and got quoted this lease...
  
2009 Honda Pilot 4WD Touring w RES
MSRP $40,665
Cash due at signing $2000 (included first month, tags)
12K miles
Payment for 36mos $525+tax
 
Any thoughts?
#2133 of 2519
Re: Is this too good to be true? [dannyhashovav] by sjtash
Dec 16, 2008 (2:02 pm)
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Replying to: dannyhashovav (Dec 15, 2008 8:04 am)

Offer from Paragon Honda in Long Island City (Queens, NY). Fine print says must have credit score of 710+ and must take delivery same day.
 
I've dealt with the dealer before and was not particularly happy. I spoke to the three other dealers close by who told me they could not match it.
 
The ad indicated the $ due at signing included the bank fee, which the other dealers said was supposed to be absorbed by Honda.
#2134 of 2519
Fed Interest Reate Changes and effect on Money Factor by sjtash
Dec 16, 2008 (2:33 pm)
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Does the reduction by the Fed today have an impact on the Money Factor?
#2135 of 2519
Re: Fed Interest Reate Changes and effect on Money Factor [sjtash] by dannyhashovav
Dec 16, 2008 (2:55 pm)
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Replying to: sjtash (Dec 16, 2008 2:33 pm)

Funny, you were faster than me to post that same question. Money Factor must have some correlation to the Fed rate. I just could not find it over the net. Generally speaking: the money just got cheaper, so to lease same vehicle must be cheaper. Now if our assumptions are right, and Honda finance company adjusts their rates accordingly, we may be in a very advantageous position here for another two weeks before 2009 comes and residual values reset. Now the residuals are still same residuals but the money factor would have dropped (crossing fingers).
Anyone has any input on that?
#2136 of 2519
Re: Is this too good to be true? [sjtash] by dannyhashovav
Dec 16, 2008 (3:02 pm)
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Replying to: sjtash (Dec 16, 2008 2:02 pm)

Yeah, i spoke with several sales people there - very pushy and just want you to get there to talk. No internet quotes. Bare in mind that their dealer ratings is not very high.
Based on your deal - i am not sure that $1,495 goes towards reducing the selling price of the vehicle. I.e. your cap cost could still be the same. Security deposit i think is waived by the Honda Finance Company so something is fishy here. Bank fees typically $595 could be rolled into your lease numbers. 1st month is your standard payment. I would not trust these guys until they lay down every little fee they are charging you. Beware.
#2137 of 2519
Re: 2009 Pilot Touring w/RES [dmjf19] by cptenca
Dec 16, 2008 (4:37 pm)
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Replying to: dmjf19 (Dec 16, 2008 1:33 pm)

Dealer in Louisiana:
 
2009 Pilot 2WD EXL w/ RES
MSRP $35,865
Sales Price $33,138
Cash due at signing $800 (first month and "fees")
36 month, 12k miles
money rate .00110 (salesman says this is great rate, about 1.1%)
residual .50
 
shows no lease support. they just subtracted the 2100 from the MSRP.
#2138 of 2519
Re: 2009 Pilot Touring w/RES [cptenca] by bigdadi118
Dec 16, 2008 (9:57 pm)
Reply

Replying to: cptenca (Dec 16, 2008 4:37 pm)

money rate .00110 (salesman says this is great rate, about 1.1%)
 
if you want to know the interest rate
2400 x 0.0011 = 2.64%
 
With 3 yr lease 12k mi, no money down the payment should be around $478 before tax and other fees, down, rebate, incentive
 
now you know how knowledgeable the saleman is ...
#2139 of 2519
Re: 2009 Pilot Touring w/RES [bigdadi118] by tedka
Dec 17, 2008 (8:20 pm)
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Replying to: bigdadi118 (Dec 16, 2008 9:57 pm)

Just signed a deal from #1 Honda Dealer in the WORLD - Boch Honda in Norwoord MA on:
 
2009 Honda Pilot EXL 4x4 Model #YF485
36m*12K*ZERO down - Total due $782.00 (First Month, Doc Fee & Reg)
 
Money Factor 0.00110
 
$378.94 a month plus tax
 
Herb Chambers coudn't touch it, so I guess Ernie Boch Jr motto "Our costs are less, so we can sell for less" isn't just BS after all
 
Check it out at: http://www.boch.com/bochhtml/bochhonda/pages/HondaSpecials.aspx

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