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Prices Paid: Buying & Leasing Experiences Honda Pilot Lease Questions
1982 messages, Last post on Aug 29, 2008 at 6:55 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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
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Replying to: fotboat (Oct 05, 2005 6:52 pm) |
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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
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Car Man, I am getting frustrated with our local dealers. Have an internet quote for an '06 2WD Pilot EX-L w/RES for $31,390 (MSRP $33,995 w/dest.). When I ask for lease quotes on the vehicle, they are coming up anywhere from $460-$580/month. I even mentioned the October lease special you wrote about, but it seems like they won't apply it to this car. Credit is not an issue (perfect), although they wouldn't know that yet because they haven't asked. All has been done on the phone or e-mail so far. There is no trade-in to worry about. It just seems to me that these numbers don't add up. Tax in TX is 6.25%, I think. I was asking for a quote for 36 months, 12K/year. Any suggestions? Thanks in advance!
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Replying to: czer (Oct 10, 2005 2:52 pm) Did you get your vehicle appraised at CARMAX? You might get more than what the dealer is offering you.
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Replying to: vault2 (Oct 10, 2005 7:17 pm)
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Replying to: czer (Oct 11, 2005 3:44 am) |
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Found this on the Honda site. 2006 Pilot EX 2-Wheel Drive Special Featured Lease Terms Certificate $289 per month for 42 months. $1,500 total due at signing. Can I walk out with this deal as is, or is there more I should know or ask? Thanks. |
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Replying to: bigedfrombk (Oct 09, 2005 4:59 pm) Got it from Madison Honda in NJ, for a quick good online quote go to Open Road Honda, NJ website, I think they even beat Costcos price, and use that price to shop around. I leased instead of purchase because I only plan on having the vehicle a few years, and who knows Gas could be at $5 a gallon then, and there may be better mileage 8 person vehicles then. Presently with the lease deal on 2006, you could probably get the same lease deal as you can with 2005 pilot with the manf discount/market support. |
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