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Honda Pilot Lease Questions

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

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

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#2511 of 2576 2010 lease seems high by glh205 Jul 01, 2009 (9:27 am)
I have been quoted $598 for a 2010 Pilot EX-L with 15k miles/month, and $666 in upfront payments (first month charge + bank fee). The price of the car is $34k. This seems very high to me. Am I missing something? Replies to this message: danf1222 (Jul 03, 2009 6:28 pm)
#2512 of 2576 2009 lease quote by glh205 Jul 01, 2009 (10:55 am)
Also been quoted $558 for a 2009 Honda Pilot EXL with DVD, 15k miles per month, $621 due at signing.
#2513 of 2576 Re: EX-L 2010 [Car_man] by hooops Jul 01, 2009 (12:19 pm)
Replying to: Car_man (Jul 01, 2009 3:04 am) Thanks for info Car_man. I was hoping there would be better lease support for the Pilot, especially the 2010.   Any suggestions on SUVs/XOVRs that offer at least 7 passenger seating that offer more attractive lease support?   Ideally, I'd like to be <= $450 month (tax included). My 07 EX-L w/Nav Pilot lease is almost up and I'm paying $439 month on it, but I have no intention of purchasing it. Replies to this message: Car_man (Jul 15, 2009 2:15 am) andy603 (Jul 15, 2009 2:42 am) Car_man (Jul 16, 2009 2:36 am) jayrider (Jul 15, 2009 5:41 am)
#2514 of 2576 To Upgrade or Not? by jsherm007 Jul 02, 2009 (2:34 pm)
My wife has a 2007 EX 4WD Pilot right now. We are looking at selling it, as it's a lease and at 26 months into the 36 month lease, the buyout is about $21,200 (KBB Fair puts value at $21800) and it only has 22,300 miles on it.   So on a new 2010 lease, I'm being quoted $389/mo (including 6.25% OH taxes) with upfronts down, about $750, 12k/yr (more than enough for us). So am I in a good spot? Or should I keep looking? Replies to this message: jayrider (Jul 03, 2009 1:58 pm)
#2515 of 2576 Re: To Upgrade or Not? [jsherm007] by jayrider Jul 03, 2009 (1:58 pm)
Replying to: jsherm007 (Jul 02, 2009 2:34 pm) Unless there are problems with your pilot, consider keeping it and looking for a new one at lease end. Selling a 20+k car yourself can be stressful. If you get a full trade in price that covers your payoff from the dealer -- then I guess you shouldn't be hurt too bad. Makes no practical sense to re-lease another pilot so your decision is emotional. Been there - done that- still doing that. Made more than my share of ill advised car transactions and expect to make a few more.
#2516 of 2576 2010 Honda EX-L Lease Offer by danf1222 Jul 03, 2009 (3:46 pm)
I was offered the following as an initial offer on a 2010 EX-L. I was looking for a 2009 to take advantage of the $1500 cash incentive but the dealer didnt have any in stock. Am going to make some calls to other dealers to see if I can find an 09 before commiting to the 2010.   The numbers are as follows: (1) Price (I did not negotiate - I let him give me his offer and told him that he was off my number and I would have to get back to him) - $33,865 (including 710 destination fee). This actually isn't a bad number as an initial offer given that it is about 1K over invoice and much lower than the posted TMV on Edmunds.com.   The lease figures that were offered were (A) 514/month with 2775 down (includes bank fee, tax and first month) for 12K (B) 534/month with 2840 down (includes bank fee, tax and first month) for 15K   I didn't feel like pulling out a calculator, so I don't know if the figures calculate properly with MF of .0022 and Residual, but I'm thinking I can get to my target number. I targeted paying $515 with no money down except for Bank Fee, Destination and First Month, so we are probably only about $900 off. May be able to do even better.   Any thoughts?
#2517 of 2576 Re: 2010 lease seems high [glh205] by danf1222 Jul 03, 2009 (6:28 pm)
Replying to: glh205 (Jul 01, 2009 9:27 am) I was quoted a very similar price as an initial offer, 534 per month with 2840 due at signing (which would work out to 594 with 666 at signing). Im going to another dealer tommorow to get them to negotiate off one another with the ultimate goal of getting to 499 per month with around 1500 down for a 12K lease. Unfortunately, the 2010s are too new so there isnt much feedback, and the money factor isn't great but there is the threat of it getting worse once all the 2009s are gone. My understanding is that Honda does not have a great history as far as lease support for this truck, and given its popularity that is unlikely to change.
#2518 of 2576 2010 Pilot EX-L Offer by danf1222 Jul 04, 2009 (7:51 am)
Was just offered at a different dealership, offer $33,495 (they claim this is 300 over invoice, but it is actually 500 over invoice when you factor in Destination Charge) with 12K per year.   They want 2710 down, which includes Tax, Bank Fee and First Month. This probably isn't a terrible deal and works out to about $574 a month with no money down. It's unfortunate that we haven't been able to find a 2009 EX-L anywhere. Have plans for two more dealers, in hopes of getting to $499/month with less than $2,000 down. Not sure if that is realistic, but will try.   Has anyone been able to lease the 2010 for under invoice?
#2519 of 2576 Signed the Deal on 2010 Pilot EX-L by danf1222 Jul 04, 2009 (11:58 am)
Went to 4 dealers, none of them had the 2009. Was about 3 weeks late. Anyway, after playing 3 dealers against each other, got down to $490 per month with $2500 down (tax, first month and bank fee). The other two dealers were not able to beat or match this number, so I think I did alright. Thank you everyone for your input and information.
#2520 of 2576 to danf122 by glh205 Jul 05, 2009 (11:46 am)
I think that deal for a 2010 seems like a good buy. Was it a 2010 EX-L? Was there anything not standard put into that car?   Also,any chance you got that deal in NY, CT or NJ? Replies to this message: danf1222 (Jul 05, 2009 3:43 pm)

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