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Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
2588 messages, Last post on Nov 22, 2009 at 6:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just leased an 06; Pilot EX-L 2 WD yesterday for 3 yrs/12k for $369/month including tax. This was basically getting the car a few hundred below invoice, $599 dealer fee, and $550 Honda bank fee added to the cap. cost. Money factor was .00115, no deposit required. Residual 61% My total out of pocket was $600 which includes first month, tags, misc. I almost hit my target of $350 which most sales people laughed at me 3 weeks ago. I absolutely love the vehicle
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Hi Car_man, Will you please post the October numbers for a 2005 Pilot EX-L for a 3 year lease? Thanks. |
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No problem investwisely. Let me know if you have any other questions. Car_man Host Smart Shopper / Prices Paid Forums |
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I should have scrolled ahead, because you do, investwisely,  . Yes, Honda finance's current residual value for a 3 year, 15,000 miles per lease of a 2006 Pilot EX-L is indeed currently 59%. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey sinbad2. The selling price that you were given on this truck looks good to me. I just ran a lease payment on it using Honda Finance's current program and came up with a 36 month, 12,000 miles per year zero down, pre-tax payment of $288 with the waiver of its security deposit. Car_man Host Smart Shopper / Prices Paid Forums |
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Wow, investwisely, I must be fast if I knew about this special lease even before some Honda dealers even did  . Car_man Host Smart Shopper / Prices Paid Forums |
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You're very welcome fotboat. Enjoy your new truck! Car_man Host Smart Shopper / Prices Paid Forums |
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Let's estimate what the lease payment should be like for the truck that you are interested in using the various scenarios that you mentioned, khseattle. According to my calculations, if you were to lease a 2006 Honda Pilot EXL AWD without the navigation or entertainment systems with an MSRP of $33,595 and a selling price of $31,030 (which looks very reasonable) through Honda Finance right now for 42 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $336. With a $1,000 cap cost reduction the payment for an otherwise identical lease would drop to around $311 and with $2,000 it would drop to around $286. Car_man Host Smart Shopper / Prices Paid Forums
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Congratulations on your new truck, investwisely. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy! Car_man Host Smart Shopper / Prices Paid Forums |
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Here you go cagorm. Honda is no longer providing lease support on the 2005 Pilot. As a result, if you were to lease one through Honda Finance right now you would have to use its standard lease program. Its current buy rate standard lease money factor for 36 month leases is .00255 for consumers who qualify for its top credit tier and pay a security deposit. Its 3 year, 15,000 miles per residual value for an '05 Pilot EX-L without navigation or entertainment is currently 55%. Car_man Host Smart Shopper / Prices Paid Forums |
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