Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 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
|
Replying to: kat2800 (Dec 27, 2008 6:13 pm) When you lease a vehicle, you are financing the difference between the sales price and the residual value. The residual value is fixed by the lessor, therefore you would want to negotiate the lowest sales price possible in order to decrease the amount financed. Of course, the dealer would prefer that you reduce the amount financed by making a down payment ("capital cost reduction"). Simply stated, your monthly lease payment is the amount financed plus interest, divided by the number of months in the lease. |
|
|
I just spoke to a Long Island Honda dealer who told me the dealer cash and low interest rates are expiring today 1/5 and will not continue on. Dealer cash will be reduced to 0 and interest rates will no longer be at 2.64% since Honda is doing away with its low interest financing. Anyone else heard this, or is the salesman trying to pressure me into something?
|
|
|
Replying to: sjtash (Jan 05, 2009 11:29 am) I thought I read that new rates/financing will be released on 1/7. It is a true dice roll on whether this promotion will be any better than what is current.
|
|
|
Replying to: golic (Jan 05, 2009 11:43 am) |
|
|
Replying to: sjtash (Jan 05, 2009 11:29 am) 'Honda Division's 2008 annual sales of 1,284,261 decreased 6.7 percent compared to 2007. Honda Division's December monthly sales of 75,405 represent a decrease of 34.0 percent compared to 2007. Annual total car sales of 794,421 for the Honda Division increased 1.0 percent and set a record for the fourth consecutive year. The division's truck sales decreased by 16.9 percent to 489,840." [The numbers for American Honda Motor Co. are worse because they include the Acura Division.] Results for the Pilot: down 35.3% in Dec. 08 vs Dec. 07 and down 17.7% 2008 vs 2007 on annual basis. Therefore, I expect them to continue some kind of incentive program and probably (hopefully) increase it.
|
|
|
Replying to: iamknott (Jan 05, 2009 12:03 pm) I thought the residual was 49% so this seems suspect. There was no mention of dealer cash. Anyone heard anything different?
|
|
|
Replying to: sjtash (Jan 06, 2009 8:17 am)
|
|
|
|
|
Replying to: kat2800 (Jan 06, 2009 11:06 am) |
|
|
Replying to: rjohnson1987 (Dec 21, 2008 6:51 pm) When negotiating your lease on this truck, make sure to take the $1,500 dealer cash that Honda is currently providing on it into account. It should help you to negotiate a capitalized cost that's well below dealer invoice. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
Replying to: sjtash (Jan 03, 2009 6:15 pm) When negotiating your lease on this truck, make sure to take the $1,500 dealer cash incentive that is currently available on it into account. It should help you to negotiate a selling price that's well below dealer invoice. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Honda Pilot
Browse by Board
Browse by Topic
Today's Chats
