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Honda Pilot, Car Leasing, SUV
#3000 of 3563 2011 honda pilot exl 4WD
Feb 09, 2011 (7:55 pm)
Hi guys! I have been reading this forum for a while but this the first time i am posting something. I just leased a 2011 honda pilot EXL and i thought i should share the experience. I leased a 2008 honda pilot exl 4wd and I had a month left of my lease expiration. After reading this forum i learnt that my 08 pilot had an equity built up and i should be looking forward to use it. However so many people have been denied of equity here that i was a little skeptic about it. So i went to the same dealer and to my surprise the sales person actually initiated the equity talk as soon as i told them i want to lease an '11 pilot exl. I leased my 08 exl with 0 down 12k mi 36 mo for $354 a month and did not pay the first months payment and nothing else out of pocket. I had '29k mile when i traded it. They gave me $4000 in equity. I came home with the new 2011 pilot exl 4wd for $ 365 a month 12k mi 36 month. I do not have to pay first months payment and nothing else out of pocket. Only $11 more a month for a much improved and bigger vehicle. So did i get a good deal?
#3001 of 3563 Re: 2011 Pilot 4WD 15,000/yr lease [Car_man]
Feb 11, 2011 (10:59 am)
Carman: Can you tell me the money factor and residual for an LX AWD 36/mo and 39/mo, with 12k miles per year? Also, do you know if Honda is offering lease cash or cash to dealer? Honda's website is advertising a lease on Pilot LX AWD sign & drive for $390/mo for 36/mo based on a net capitalized cost of $29,400.20 which includes destination and the acquisition fee. I'm wondering if this number is based on an average sale price or some incentive being offered to dealers. I've negotiated the sale price down on the car to $27,400 including destination but not the acquisition fee; I'm wondering if the dealer has some play to go lower. Thanks so much!
#3002 of 3563 Re: 2011 Pilot 4WD 15,000/yr lease [mattmy]
Feb 12, 2011 (10:47 am)
Carman: Using the Edmunds lease calculator and the numbers on the Honda website, I figured the residual should be about 58% (MSRP 30,425 and residulal of 17,646.20). I wasn't sure if they were basing the payments on 35 payments or 36 payments (with the first payment part of the sale price), but based on 35 payents the money factor worked out to be around .00115 and based on 36 payments it worked out to be about .00135. Does that sound about right? Still not sure though whether the net capitalized cost on the website (29,400.20 incl destination, acquistion fee and maybe the 1st month) is based on some incentive to dealers, an average sale price, or dealer contribution.... Thanks again!
Feb 18, 2011 (9:50 am)
Just leased 2011 EXL 4WD w/RES - traded in my 2008 with one month left on lease...had 45k miles on the truck with a 36k lease so I was well over allowed miles.....18.5 k residual on lease. First dealer said it was worth less than residual and was actually charging me more for lease of new one with the trade in. Went to Carmax - 22k appraisal which exactly matched KBB. Went to 2nd dealer got 21 for trade in so 2500 equity toward new lease with $34,900 out the door price $440 ($410 pretax) mo pmnt for 3 yr 15k miles/yr
Feb 20, 2011 (12:59 pm)
How does this deal sound.
EX 4WD 36mth 12k, $415 (taxes are included in payment)
$0 Down, $0 bank fee, $0 Destination fee
1st month plus DVM out the door.
#3005 of 3563 Re: 2011 Pilot 4WD 15,000/yr lease [mattmy]
Feb 24, 2011 (3:28 pm)
Hi mattmy. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot LX AWD with 12,000 miles per year are .00145 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
You really don't want to lease this truck for 39 months because this vehicle's money factor jumps to .00200.
If I was in the market for a Pilot right now, I personally would shoot for a selling price of around $500 over dealer invoice. You can find the exact invoice price of the vehicle that you want over in the New Vehicle Pricing section of Edmunds.com.
Prices Paid: Buying & Leasing Experiences Forum
#3006 of 3563 Re: 2011 Pilot 4WD 15,000/yr lease [Car_man]
Feb 25, 2011 (6:30 am)
Thanks. I wound up taking the car for 36/mo; I got a sale price of $27,000 including destination.
#3007 of 3563 ex-l awd w/ nav
Feb 28, 2011 (8:14 am)
Do you know the current lease rates for an ex-l w/ nav & awd, 36/15k?
#3008 of 3563 March Lease numbers pilot lx
Mar 02, 2011 (6:22 am)
Can you post the march mf and residual for the 2011 pilot lx. 36 months 10k or 12k per year.
#3009 of 3563 Touring money factor and residual value
Mar 02, 2011 (3:02 pm)
Could you please provide Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot Touring AWD with 12,000 miles per year?