You are here: Forums Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions

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

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

Messages Page 5 of 259 1 2 3 4 5 6 7 8 ... 259 Prev Next Last

Go To Msg # Search This Discussion

#41 of 2588 Re: 06 Pilot Lease EX-L [investwisely] by bobw3 Oct 09, 2005 (8:47 am)
Replying to: investwisely (Oct 07, 2005 4:45 am) So after 3 years you'll have paid about $14K...correct? Why didn't you just buy the vehicle and sell it after 3 years? I don't think that the Pilot would depreciate $14K in only three years with low mileage. Replies to this message: kyfdx (Oct 09, 2005 12:41 pm) investwisely (Oct 09, 2005 1:39 pm) marcus16 (Oct 17, 2005 1:31 pm) bobw3 (Oct 09, 2005 2:44 pm)
#42 of 2588 Re: 06 Pilot Lease EX-L [bobw3] by kyfdx HOST Oct 09, 2005 (12:41 pm)
Replying to: bobw3 (Oct 09, 2005 8:47 am) You have to consider the financing cost, as well... plus sales taxes...   I think his total cost is around $13,500... That includes depreciation, finance charges and sales tax... If you buy the car and finance the whole amount... you'll pay around $3200 in interest in the first three years of a 60 month loan... Add another $2000 for sales tax.... That is $5200 of costs on a purchase, that are included in his $13,500 cost of the lease...   So, there only needs to be $8300 in depreciation for him to break even... Which sounds about right for a Honda Pilot...   Really... that is the way a lease is supposed to work.. If the residual percentage approximates the real-world depreciation, and the money factor is equivalent to market financing rates, it should all work out evenly...   Leases become overly advantageous when the money factors are subsidized by the manufacturer, or the residuals are artificially high..   regards, kyfdx Host-Prices Paid Forums Replies to this message: investwisely (Oct 09, 2005 1:39 pm) marcus16 (Oct 17, 2005 1:31 pm) bobw3 (Oct 09, 2005 2:44 pm)
#43 of 2588 Re: 06 Pilot Lease EX-L [kyfdx] by investwisely Oct 09, 2005 (1:39 pm)
Replying to: kyfdx (Oct 09, 2005 12:41 pm) The reason I leased was that the best financing I could get was 4.95% for 4 years. I would be paying interested on the entire amount pf the purchase if I did not put money down. Honda Finance money factor was equivalent of 2.76% and I am only financing the MSRP times the residual or about $18k. If Iwent with an 05 I would have bought but with the 06 I am about $200/month lower on payments with a lease compared to a finance. Replies to this message: marcus16 (Oct 17, 2005 1:31 pm)
#44 of 2588 Re: 06 Pilot Lease EX-L [kyfdx] by bobw3 Oct 09, 2005 (2:44 pm)
Replying to: kyfdx (Oct 09, 2005 12:41 pm) Thanks, got it. I'm used to seeing 0% or 1-2% financing. Plus I guess as long as you don't put too many miles on the car it's okay to lease. I already put 18K miles on my car since Feb05, so leases would never work for me. I don't know how people only put 12K on their cars, especially SUVs. I guess they don't take many road trips and just use them for commuting. So there are no charges when you turn them in. And I'm used to keeping cars after I'm the title holder. I'm not interested in car payments the rest of my life. I assume there are no charges when you turn them in if you're under the miles?
#45 of 2588 Re: Marketing help for buy vs Lease [fotboat] by bigedfrombk Oct 09, 2005 (3:59 pm)
Replying to: fotboat (Oct 05, 2005 5:52 pm) Hi fotboat,   where is this dealer? the lowest price i got for this vehicle is $27,495. may i ask why you leased and not purchased. any info you can provide will be greatly appreciated. thanks Replies to this message: fotboat (Oct 11, 2005 8:54 am)
#46 of 2588 Re: Leasing 06 Pilot EXL AWD [Car_man] by bigedfrombk Oct 09, 2005 (4:21 pm)
Replying to: Car_man (Oct 09, 2005 6:09 am) Hey Car_man,   I need your help. I don't know much about leasing a vehicle. I'm considering to purchased 2005 honda pilot EXL and the best price i received so far is $27,495. I live in New York and the tax rate is 8.25. i planned to put $1000 down and finance the rest over 6 yrs at a rate of 5.9%. I'll probably use the vehicle less than 15000 miles a year. With the promo that honda is offering this month on the lease of 2006 honda pilot EXL awd, what advice can you give me to make the right decision. I'm aware additional research is required. Let me know where to start. Thanks
#48 of 2588 Good Lease Deal?????? by czer Oct 10, 2005 (1:52 pm)
Need some help Car_man !      Went to the local Honda dealer in Erie, PA today and here is what I got. If you could tell please tell me if this is a good deal or are there areas that I can negotiate to get a better deal. I'm new at leases so here it goes: I have a trade - '03 Ody EX-L w/ RES excellent condition. They are giving me $18,500. I owe $21,000. So I'm $2,500 in the hole. I think I could get a little more for the trade but not much. I'm working the deal on an '06 White EX-L - MSRP $33,595. Selling Price is $30,280. Add Cash Deficiency of $2500 plus Inception fees of $642.26 = $3,142.26 Assignment fee = $595.00 Total Cap Cost = $34,017.26   Residual Value (55%) = $18,477.25 at 12000 miles/year - mileage adj. + 2% = 671.90 Adjusted Residual Value = $19,149.15   Money Factor = .001150   42 month lease   $415.14 + 9% (tax??) = $452.51   Any help in making the monthly payment lower would be greatly appreciated. Or is this a good deal. The salesman was no hassle and good to work with. Thanks Replies to this message: vault2 (Oct 10, 2005 6:17 pm) czer (Oct 11, 2005 2:44 am) lmueller (Oct 11, 2005 4:12 am)
#49 of 2588 Re: Marketing help for buy vs Lease [fotboat] by jay223 Oct 10, 2005 (3:07 pm)
Replying to: fotboat (Oct 05, 2005 5:52 pm) HEY CAR MAN, I AM VERY INTERESTED IN THE 06 PILOT EX-L AWD. I WAS HOPING YOU COULD GIVE ME SOME NUMBERS TO GO BACK TO THE DEALER WITH USING 36 MONTHS, 15K MILES A YEAR, 8.25% TAX HERE IN NY, I THINK THE RESIDUAL IS 59%, AND TRY USING A SELLING PRICE OF 30800. I HAVE RECENTLY TALKED TO A LOCAL DEALER USING 05 PRICES, BUT THE MONEY FACTOR WAS TOO HIGH. THANKS JAY
#50 of 2588 Need some help on a 06 Pilot AWD w/ Nav by flyerfan Oct 10, 2005 (5:09 pm)
Car man- I'm going to lease an 06 Pilot AWD w/ Nav. and was wondering what the residual % is on a 36 mnth 12k lease. If I add an RES will that change my residual %? I was also wondering what other fees I may have to pay. I saw someone paid $599 for a bank fee and $550 for a dealer fee. Whats a dealer fee? It looks like I should also add about $200 for doc. fees. So far my best quote is $32546 w/ destination, so I think that a pretty good start. Any info would be helpful. Thanks in advance Replies to this message: vault2 (Oct 12, 2005 6:56 pm) flyerfan (Oct 13, 2005 6:35 am)

Messages Page 5 of 259 1 2 3 4 5 6 7 8 ... 259 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions