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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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#2140 of 2588
Re: 2009 Pilot Touring w/RES [tedka] by bossoxfan
Dec 18, 2008 (12:31 pm)
Reply

Replying to: tedka (Dec 17, 2008 7:20 pm)

That's a good deal. I got a similar deal at Herb Chambers:
 
2009 Pilot EXL 4X4 36k/12k/$2,750 total due ($1,400 down, $595 destination, $333 first month and $400 doc fee/registration) due at signing. $333/month plus tax.
 
Did they "waive" the $595 "destination charge" in your deal? I wonder if they got me on that one.
#2141 of 2588
Re: 2009 Pilot Touring w/RES [bossoxfan] by tedka
Dec 18, 2008 (1:32 pm)
Reply

Replying to: bossoxfan (Dec 18, 2008 12:31 pm)

You probably referring to $595 acquisition fee charge typically imposed by the Leasing Company - in this case American Honda Finance Corporation (AHFC).
 
AHFC upfront acquisition fee was rolled into payment.
 
Destination is $670.00 and that's listed right on the sticker price and they can't waive that since it's baked in. They must pay $$$ (gotta love Union Contracts) to have a car delivered to their lot from the factory.
#2142 of 2588
2009 Honda Pilot Touring 2WD w/RES with running boards by jimmy411
Dec 21, 2008 (2:16 pm)
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Got a quote on a 2009 Honda Pilot Touring 2WD w/RES and running boards for a 36 month, 12k lease quote for $563 (includes tax) based on the following:
 
.00110 Money Factor
45% Residual
$34,270 Sale Price
$39,065 MSRP
 
Money Down
$563 1st month
$680.85 Cap Reduction
$47.66 Cap Reduction Tax
$208.49 DMV Fees
$1,500 total down
 
I'm trying to get them to drop the Cap Reduction. I am in Miami, Florida. Does this sound like a good deal? I've been getting quotes via email and this is the best so far. Thanks
#2143 of 2588
Re: 2009 Honda Pilot lease offer [explorer1] by Car_man HOST
Dec 21, 2008 (4:54 pm)
Reply

Replying to: explorer1 (Dec 04, 2008 6:12 pm)

Congratulations on getting your new Pilot, explorer1. Thanks for taking the time to share with everyone. It sounds like you had a pleasant dealer experience. Make sure to share your thoughts on Boch by hopping on over to the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride !
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2144 of 2588
Re: '09 Pilot AWD EXL w- RES [kevin34] by Car_man HOST
Dec 21, 2008 (4:57 pm)
Reply

Replying to: kevin34 (Dec 08, 2008 6:57 am)

Hi kevin34. At first glance, this looks like a pretty good deal but the best way to tell is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number is is difficult how much of a dealer discount you are being given. Let us know what the selling price is and I am sure that either myself or another knowledgeable community member will gladly give you their opinion.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2145 of 2588
Re: Help on Lease quote [bgech] by Car_man HOST
Dec 21, 2008 (5:05 pm)
Reply

Replying to: bgech (Dec 10, 2008 8:29 am)

Hi bgech. It is in your best interest to keep these two transactions, your trade and your new lease, separate. The simpler you make things, the less likely the dealer is to pull one over on you. Shop around and negotiate the lowest possible selling price that you can get on the new Pilot that you want. Given the $1,250 dealer cash incentive that is available on leases of this truck right now, you shouldn't have much trouble getting one for $750 to $1,000 under invoice.
 
Once you have reached an agreement on the price of your new Pilot, have the dealer calculate your monthly payment using its buy rate lease money factor. Honda Finance's current buy rate for this truck is .00110 for consumers who qualify for its top aka "Super Preferred" credit tier.
 
When you are all set on your new vehicle, introduce your trade-in into the equation. It is in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction on your new lease. I always advise consumers against making large down payments when leasing. Those who make them risk losing part or all if them if their vehicle is totaled in an accident or stolen and never recovered.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2146 of 2588
Re: Please help w/2009 Honda Pilot lease deal!! [rainee] by Car_man HOST
Dec 21, 2008 (5:10 pm)
Reply

Replying to: rainee (Dec 10, 2008 9:36 pm)

Hi rainee. The dealer invoice price of a 2009 Honda Pilot EX-L 4WD is $32,533. If one subtracts the $1,250 dealer cash that Honda is providing on leases of this truck from that the invoice price falls to $31,283. The selling price that you were quoted is even lower than that, meaning that this is a vary good deal.
 
Not only are you getting a great selling price on this truck, but the dealer is using Honda Finance's current buy rate of .00110 to calculate your monthly payment. If you like the Pilot, I personally don't see any reason not to pull the trigger on this deal. This is about as good as it is going to get.
 
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Prices Paid: Buying & Leasing Experiences Forum
#2147 of 2588
Re: Lease on 2009 pilot EX AWD [familyman2] by Car_man HOST
Dec 21, 2008 (5:12 pm)
Reply

Replying to: familyman2 (Dec 14, 2008 2:21 pm)

Hi familyman2. If I was interested in leasing a 2009 Honda Pilot right now, I personally would shoot for a selling price of around dealer invoice minus the $1,250 cash incentive that Honda is currently providing on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2148 of 2588
Re: Pilot EX AWD Res & MF [gperr] by Car_man HOST
Dec 21, 2008 (5:14 pm)
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Replying to: gperr (Dec 14, 2008 5:41 pm)

Hey gperr. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pilot EX AWD with 15,000 miles per year are .00110 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The residual value for a lease with only 12,000 miles per year is 2% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2149 of 2588
Re: Fed Interest Reate Changes and effect on Money Factor [sjtash] by Car_man HOST
Dec 21, 2008 (5:15 pm)
Reply

Replying to: sjtash (Dec 16, 2008 1:33 pm)

Hi sjtash. No, the Federal Funds rate has no direct impact upon the interest rates that automakers' captive finance companies charge on loans and leases.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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