- #2449 of 2588
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Re: EXL Lease [JM123]
by Car_man HOST
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May 20, 2009 (2:39 am)
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Replying to: JM123 (May 10, 2009 4:40 pm)
Hi JM123. Honda's current lease program for the 2009 Pilot is scheduled to run through the end of June. It is difficult to say what it will do with its program for this model after that at this point.
Car_man
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- #2450 of 2588
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Re: 2007 Honda Pilot Lease Turn In [2007hondapilot]
by mixen
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May 21, 2009 (9:23 am)
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Replying to: 2007hondapilot (May 13, 2009 4:57 pm)
I am in a similar situation although you are a few months ahead of me. I also have a 2007 Pilot 4wd exl no/navi or RES, but I have about 9 months to go. My payment is $390 per month for 3 years with 15k per year and about $600 paid at signing (1st month and registration fees). I think that the price you and I paid was a pretty good deal. I am happy with the Pilot but I am leaning against buying the car at the end of the lease. It is my first Honda, and I think it is a solid car, but I just have a real problem paying $21,000 for a 3-year old car when for another $10k you can get a brand new one. In addition, the sales tax on the used car is not deductible, but the sales tax on the new car is. I would be interested in another lease as long as the payment is less than $400 per month (with $1000 max down), but based on what I am reading above, that does not seem possible. I just don't understand why the lease prices for Honda are so high given that interest rates in general are at historic lows and Honda's credit unit is not being devastated like GMAC and others.
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- #2451 of 2588
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Re: 2007 Honda Pilot Lease Turn In [mixen]
by 2007hondapilot
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May 26, 2009 (5:04 am)
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Replying to: mixen (May 21, 2009 9:23 am)
Mixen- We only have about 28,000 miles on our pilot so I will probably just buy it out from the lease and pay cash. I am just tired of monthly payments. I did this with my toyota truck and just sold it after 10yrs and got 6500.00 back in my pocket from the sale. I paid 20K for the truck so after 10yrs and 165K miles I only had $15,000 into the truck or $125.00 a month without interest. So in 7yrs with the pilot it will still be worth $8-12K depending on the mileage so its not like I am paying $21,000 for it right? More like $10-15K plus my 384 payment at $14K for the past 3yrs.. Not bad for owning a car over 10yrs.
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- #2452 of 2588
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Re: 2007 Honda Pilot Lease Turn In [2007hondapilot]
by mixen
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May 26, 2009 (3:29 pm)
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Replying to: 2007hondapilot (May 26, 2009 5:04 am)
Driving a car for 10 years is almost always cheaper than leasing, so I would not fault you for going that route (pun intended). However, your calculations become much different when you factor in interest -- your $125.00 payment was considerably more. The real question is if you are borrowing the $21,000, what is your interest rate. Conversely, if you have the $21,000 in your pocket and decide to lease instead, where do you plan to invest the $21,000 over the next three years. If you can invest the money at a rate which exceeds the lease factor and accumulated depreciation, then leasing makes more sense. Of course, this is all theoretical, because no one can determine what an investment will look like 3 years in the future.
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- #2453 of 2588
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Re: 2007 Honda Pilot Lease Turn In [mixen]
by 2007hondapilot
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May 29, 2009 (6:05 am)
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Replying to: mixen (May 26, 2009 3:29 pm)
Mixen- I will be paying cash(check) for the pilot buy out at this point. This will also be the first and the last car I ever lease again. Even with my low mileage requirements leasing still does not make sense unless you want to be stuck with a 400-500 payment the rest of your life. My financial independence is worth more to me at this point.
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- #2454 of 2588
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May Pilot Lease rates
by bigdadi118
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Jun 02, 2009 (4:35 pm)
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2009 Honda Pilot
2009 Honda Pilot 4WD EX
24-month | 15k miles | residual 57% | .00151 base money factor
36-month | 15k miles | residual 50% | .00151 base money factor
2009 Honda Pilot 4WD EX-L
24-month | 15k miles | residual 55% | .00151 base money factor
36-month | 15k miles | residual 48% | .00151 base money factor
2009 Honda Pilot 4WD EX-L w/ RES
24-month | 15k miles | residual 54% | .00151 base money factor
36-month | 15k miles | residual 47% | .00151 base money factor
2009 Honda Pilot 4WD LX
24-month | 15k miles | residual 57% | .00151 base money factor
36-month | 15k miles | residual 50% | .00151 base money factor
2009 Honda Pilot 4WD Touring w/Nav
24-month | 15k miles | residual 53% | .00151 base money factor
36-month | 15k miles | residual 46% | .00151 base money factor
2009 Honda Pilot 4WD Touring w/Nav/Res
24-month | 15k miles | residual 52% | .00151 base money factor
36-month | 15k miles | residual 45% | .00151 base money factor
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- #2455 of 2588
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Re: May Pilot Lease rates [bigdadi118]
by glennjr
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Jun 03, 2009 (12:43 pm)
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Replying to: bigdadi118 (Jun 02, 2009 4:35 pm)
The heading says May but did you mean that these are Junes' #'s
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- #2456 of 2588
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Re: May Pilot Lease rates [glennjr]
by Hoop1234
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Jun 03, 2009 (4:13 pm)
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Replying to: glennjr (Jun 03, 2009 12:43 pm)
Increase resid value by 2% with 12,000mi...May's #s...probably June's also
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- #2457 of 2588
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Re: May Pilot Lease rates [Hoop1234]
by Car_man HOST
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Jun 10, 2009 (2:26 am)
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Replying to: Hoop1234 (Jun 03, 2009 4:13 pm)
You're right, Hoop. Honda's June lease program on the Pilot is exactly the same as its May program was.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2458 of 2588
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2010 EX-L Lease
by amylr130
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Jun 10, 2009 (5:28 am)
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Is this deal even remotely possible?? Below is what I want --but don't want to go to and get hasseled all day if its not even possible to get that payment. 
$0 Down
$390 a month
Pilot EX-L 2wd
15,000 miles per year
Can you tell me what my selling price would need to be and Money Factor as well as the residuals of the 2010's right now. Going to hopefully get one at the end of the month when my BMW lease is up if money works out.
THANKS!!!!!
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