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Honda Pilot Lease Questions

2588 messages,  Last post on Nov 22, 2009 at 6:04 PM

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

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#2394 of 2588 Re: 2009 Pilot EX-L RES Lease [jeduss] by ocautoseeker Apr 02, 2009 (11:49 pm)
Replying to: jeduss (Apr 02, 2009 10:17 am) Let me clarify: are you rolling the bank fee ($595), doc fee ($??), and reg ($??) into your lease payments and only paying the 1st mo upfront?   Deal looks really good at first glance - I'd just like to know how much their doc fee is? Regardless, looks like a very aggressive deal. My gut says jump on it. Replies to this message: jeduss (Apr 03, 2009 1:02 pm) ocautoseeker (Apr 03, 2009 11:34 pm)
#2395 of 2588 Re: 2009 Pilot EX-L RES Lease [ocautoseeker] by jeduss Apr 03, 2009 (1:02 pm)
Replying to: ocautoseeker (Apr 02, 2009 11:49 pm) That's correct, the following fees are being rolled into the lease and the only amount I am paying upfront is the 1st monthly payment Acq Fee $595 Doc Fee $299 Reg, etc $188   I've gotten a cheaper doc fee from another dealer and since this is "dealer profit" anyway, I'm trying to squeeze a few more dollars out of here too.   In addition, I'm trying to leverage the potential profit in the 2006 Pilot that I am turning in off lease. If the dealer buys this vehicle out and sells it on there lot, they can make a bit of profit. I'm trying to get a bit of that profit applied to the 2009 lease. Replies to this message: ocautoseeker (Apr 03, 2009 11:34 pm)
#2396 of 2588 Re: 2009 Pilot EX-L RES Lease [jeduss] by ocautoseeker Apr 03, 2009 (11:34 pm)
Replying to: jeduss (Apr 03, 2009 1:02 pm) Eh, the doc fee is a little high, but we're spoiled out here in Cali as dealers are capped at $55. In the grand scheme of the whole deal though, on a $38k vehicle, if they wanna' make $300, that's okay. Maybe see if they'll knock off $100 bucks or so of that doc, but you have a really good deal so far, so just be careful that you don't nickel and dime 'em to death.   Is the residual value on your '06 less than what they're willing to give you in trade? It's not uncommon for a Honda or a Toyota to have a little equity at lease-end, but if the residual is more, just give back the keys and be done with it. The dealer will treat your leased vehicle just like a trade-in.
#2397 of 2588 Getting out of 07 and into an 09 by stambook Apr 05, 2009 (7:40 pm)
I am currently leasing a 07 EX-L with RES. My total payment is 494.30. The lease will end in November. Are there advantages/disadvantages to getting into an 09 before then? Could I possibly get a lower payment for the same vehicle? Replies to this message: Car_man (Apr 06, 2009 2:00 am)
#2398 of 2588 Re: Correct Residual % for Pilot EX-L 4WD w/ RES [matthaney] by Car_man HOST Apr 06, 2009 (1:42 am)
Replying to: matthaney (Apr 01, 2009 10:25 am) Hi matthaney. Here's the new April program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Pilot EX-L 4WD with the Entertainment System and 12,000 miles per year are .00151 and 49%, respectively.   Honda is currently providing $1,500 dealer cash on this truck.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2399 of 2588 Re: 2009 Pilot EX FWD [imy2] by Car_man HOST Apr 06, 2009 (1:49 am)
Replying to: imy2 (Apr 02, 2009 5:18 pm) Hello imy2. It is difficult to say what Honda's lease program will be like on the 2009 Pilot later this summer at this point. I can tell you that Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Pilot EX 2WD with 15,000 miles per year are .00151 and 49%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   The $1,500 dealer cash is the only cash incentive that I am aware of on this truck right now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: imy2 (Apr 06, 2009 2:05 pm) Car_man (Apr 24, 2009 1:55 am)
#2400 of 2588 Re: Getting out of 07 and into an 09 [stambook] by Car_man HOST Apr 06, 2009 (2:00 am)
Replying to: stambook (Apr 05, 2009 7:40 pm) Hi stambook. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new Pilot.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2401 of 2588 Re: 2009 Pilot EX FWD [Car_man] by imy2 Apr 06, 2009 (2:05 pm)
Replying to: Car_man (Apr 06, 2009 1:49 am) Thank you Car_Man,   That is very helpful. Just a quick follow up, is the residual value any different for 12k instead of 15k. Also based on these numbers how do I calculate the monthly payment?   Thanks again for the forum and your expertise. Replies to this message: Car_man (Apr 24, 2009 1:55 am)
#2402 of 2588 Is this lease deal fair? by docscott1 Apr 08, 2009 (12:37 pm)
2009 Honda Pilot EX-L 4WD 36 mos. 15,000 MF 0.00151 Residual 48% No Money Down!   $499.00/mos.   Thank You,   Scott

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