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Honda Pilot Lease Questions

2576 messages,  Last post on Nov 04, 2009 at 3:29 AM

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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#2146 of 2576
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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2147 of 2576
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
Host
Prices Paid: Buying & Leasing Experiences Forum
#2148 of 2576
Re: Pilot EX AWD Res & MF [gperr] by Car_man HOST
Dec 21, 2008 (5:14 pm)
Reply

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
Host
Prices Paid: Buying & Leasing Experiences Forum
#2149 of 2576
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
Host
Prices Paid: Buying & Leasing Experiences Forum
#2150 of 2576
Re: 2009 Honda Pilot Touring 2WD w/RES with running boards [jimmy411] by Car_man HOST
Dec 21, 2008 (5:33 pm)
Reply

Replying to: jimmy411 (Dec 21, 2008 2:16 pm)

Hi jimmy411. The dealer invoice price of a 2009 Honda Pilot Touring 2WD with the entertainment system is $35,425. If one subtracts the available $1,250 dealer cash from that it drops to $34,175. The selling price that you were quoted is very close to that, so it is a very good deal. The money factor that you were quoted is right in line with Honda Finance's current buy rate for this truck as well.
 
If you like the truck, I personally don't see any reason not to pull the trigger on this deal. The only thing that I personally would change would be to eliminate the $681 capitalized cost reduction. I always advise consumers against making down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2151 of 2576
2009 Honda Pilot Touring AWD w/RES by rjohnson1987
Dec 21, 2008 (6:51 pm)
Reply
Hi Car_Man! Could you please post the residual value on a 2009 Honda Pilot Touring AWD w/RES and one without RES? This would be for a 36 month lease and 15k miles per year. Thanks!
#2152 of 2576
Pilot EX 4WD lease by slt3
Dec 22, 2008 (2:51 pm)
Reply
We are looking to lease a Pilot EX and have been offered this deal:
 
2009 Pilot EX 4WD
 
MSRP $32,665
Selling price $27,906
12K 36 month lease
$800 total due at signing
$366 a month including taxes (taxes are 5%, so the payment is about $348? without taxes)
OR $385 for a 15K 36 month lease with taxes
 
What do you think? Thank you!
#2153 of 2576
LX Lease by kat2800
Dec 23, 2008 (1:37 pm)
Reply
Hi! I have a dealer that is able to get me a Pilot LX. He said the sticker is $29,865 and with incentives, rebates, etc he got it down to $23,373. I can get the promo lease of $299/mo (he said maybe a bit lower since the price is lower now) and I would need $2999 down (from my trade I hope). This would be a 36 mo lease with a 54% res. value. Is this a deal I should consider? He told me that they are being very aggressive with trade values and prices b/c they need to move some cars in the next week. True or not, this $23K price is the lowest I have gotten quoted at. Any thoughts?
 
The residual value is going to be $16,127. My 36 pmts of $299 would be a total of $10,764.
#2154 of 2576
Re: LX Lease [kat2800] by golic
Dec 23, 2008 (1:54 pm)
Reply

Replying to: kat2800 (Dec 23, 2008 1:37 pm)

My advice would not to put down the $3,000 and take a higher monthly payment. There are many reasons to not do this, and one being in the event of a theft, car totaled there is no option for you to recover that huge down stroke.
 
There is very little reasons to ever put anything more than the security deposit down on a lease.
#2155 of 2576
Re: LX Lease [golic] by kat2800
Dec 23, 2008 (2:02 pm)
Reply

Replying to: golic (Dec 23, 2008 1:54 pm)

Ok, so if I tell them to roll the down payment amount into the lease would it be a good deal?
 
MSRP $29865
Selling Price $23273
Res. Value 54%
 
I am so confused and worried about being taken advantage of

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