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Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
2582 messages, Last post on Nov 11, 2009 at 2:08 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Poehler (Jan 14, 2009 7:05 pm) Please check out my post above. Buying and leasing about same - find the lowest price first then figure out the lease + interest + tax per month. In leasing - best is no money down, that you don't lose much if the car is totaled in accident. |
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Interesting situation that I thought I would share with the group. I just got off the phone with AHFC since my 2006 Pilot is coming off lease next month. I was amazed at the extension of the lease option. I can extend up to 24 months, at the same rate AND I could opt out at anytime. The way it was explained to me is that I can say, yes I want to extend for 6 months, then after two months I can say I am out - and pay no penalty. Or after 6 months i can "extend" one more time for any period of time. The maximum of the extension being 24 months. The pressure to find a new vehicle has been lifted. I was worried that the dealer could paint me into a box knowing my lease was about to end..but now with this I have some freedom.
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Replying to: golic (Jan 15, 2009 2:46 pm) If you extend the lease, at what point does the additional sales tax kick in...ie: 120 or 150 days? Also, the vehicle will need to be re-inspected after a certain amount of time and your vehicle is out of warranty. AHFC does allow you to extend "one more time".
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Replying to: Hoop1234 (Jan 15, 2009 3:49 pm) That right, lease a vehicle for 30K - pay sales tax on the 30K, then 3 years later if you buy it out at 20K - guess what, sales tax on the 20K. Yeah, speaking of the inspection people - I just called and cant get it looked at for 35 days. Nice. As dumb as this may sound, I have been viewing this new lease as a "trade-in" it has giving me some perspective that it is not. The lease of the new vehicle is pretty independent of the expiration of the other.
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Replying to: golic (Jan 15, 2009 4:06 pm) Extensions Are there any additional fees if I extend my lease? Yes, based on the length of extension and the vehicle is registered. The following states are required to pay non-refundable upfront sales tax IA, ME, NJ, NY, ND, OH, SD, VT. For a leasing question: Dealer offered a 2009 Honda Pilot 4x4 EX-L 39 months, 12K miles, $1,000 down for $415/mo. I don't know the money factor or the cap cost reduction. Sound like a good deal or based on others experience do you think they can go down further? Thanks for the advice.
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Replying to: rainee (Jan 13, 2009 10:02 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: golic (Jan 14, 2009 7:50 am)  . The 2009 Pilot's "Super Preferred" tier buy rate lease money factor is definitely .00151. I thought that its 36 month, 15k residual value is 48%, but if the dealer is using 49% all the better. The higher your truck's residual value is, the lower its payment will be. The $1,500 dealer cash is scheduled to run through March 2nd. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Poehler (Jan 14, 2009 7:05 pm) In short, the best way to get a good deal on a lease is to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor. Anyhow, check out those articles and let us know if you have any other questions. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| Is $24,370 a good sale for an 09 ex 2wd? MSrp was 28,265. Could I do better? | |
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Replying to: comp4 (Jan 15, 2009 7:58 pm)
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