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Honda Ridgeline, Car Leasing, Truck
#190 of 364 Re: 2007 Ridgelines and Incentives? [maddogger]
Jun 15, 2006 (2:03 am)
Hi maddogger. Actually Honda Finance just published a lease program for the 2007 Ridgeline the other day. This usually means that if dealers don't have this model yet, they will in the near future. I am not aware of any major changes that Honda is making to this truck, but you should be able to find out more information on it by visiting the following discussion: "Honda Ridgeline SUT".
As far as this model's incentives go, Honda is currently providing $2,000 dealer cash on the 2006 Ridgeline, but it doesn't have any support on the 2007 model yet. I suspect that Honda will introduce a special lease program on the '07 model within the next couple of months and dealer cash on it later on in the model year.
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Jun 16, 2006 (10:54 am)
Dealer cash or subsidized rate?
It seems to me that the subsidized rate is better in many cases... agree?
Can you run a scenario using the money factor from April with $0 support (say for... an RT-L w/out sunroof for 36 months/15K per... $500 over invoice) vs. the May $2,000 dealer cash (same car, same terms, now $1500 under invoice).
It seems like the payment will be less with the lower MF.
Jun 16, 2006 (10:59 am)
O... looking through old posts, it appears that one month honda was offering higher residuals on the same model too (vs. factory cash).
Jun 18, 2006 (5:57 pm)
Thanks, Car Man. They were advertising a Ridgeline at $22,777 before TTL. I live in New York State (8%). If you can run those numbers on a 36 month lease with $999 due at signing that would be great. And thanks for your encouraging words. It definitely makes me feel more comfortable about this whole thing.
#194 of 364 Is this a good deal?
Jun 21, 2006 (11:14 am)
I have a deal pending on a 2006 Ridgeline RTS with an MSRP of 30,625 that is as follows:
$1200.00 below invoice or $26,421
36 months and 15K per year
Monthly lease of 450.38 with a drive off of 668.38
Does that sound like a good deal? I have never leased before so I need some help
#195 of 364 Looking for the June numbers
Jun 26, 2006 (4:44 pm)
Car_man or anyone else...
I am trying to find the numbers for a 3 year 15K mile a year lease on an '06 Ridgeline RTL w/SR.
Any help would be greatly appreciated.
#196 of 364 Re: Looking for the June numbers [hartt]
Jul 02, 2006 (6:43 pm)
well i WAS in the market, but have cooled on it for a bit..
Here in NYC area this is what i came up with:
RTL SRoof 12K 36 mos. PLUS tournea cover, running boards and roof rack. (these options were approx $2600 dollars, negotiated price and about 800 of that was residualized. this is approx.)
The upfront costs consisted of the usuals
Dealer 1: 2700 in upfront costs, 475 /mos including tax
Dealer 2: 3000 upfront 499/mos incl tax
(interestingly this dealer was the lowest originally and the place i showed up expecting to sign and take delivery,but"there had been a mistake" blah blah.
this was their new and improved offer. Potamkin,by the way.
The originaloffer ,from them via carsdirect.com was, $418.00 mos including tax./ up fronts were, 585.00 at signing.
Of course I went for it!
I then talked about the above mentioned dealer add-ons (apprx 2600.00, and a fair amount residualized) and that kicked the price up to 480., and about 650 at sign. Then i show up to signand "Oh! we didnt realize that HONDA Finance squashes the 2000 cash back and also,your credit isnt top tier(and im sittng with an AmEx report in my bag that shows im 780 across the three agencies..I didnt argue,just up and split, not wanting to even vaguely reward that behavior. They emailed me, via my carsdirect contact the new and ACCURATE numbers.
dealer 3: 1498 upfront 452, plus tax(approx498)
so in my area , a nicely turned out Ridgeline needs 1500 upfront and 500 a month.
Im on hold a while, hoping some spec finance comes around
what do you fellows think of these numbers?
#197 of 364 Re: Looking for the June numbers [asalieri]
Jul 03, 2006 (6:39 pm)
Happy 4th to all! Anyone know if there will be a subsidized lease program on the 2007 Ridgelines as of 07/06/06? The old programs seem to expire on 07/05/06 and I do not know if they include the 2007s?
#198 of 364 Re: What's more important.. [granite_stater]
Jul 05, 2006 (1:57 am)
Hi granite_stater. It's tough to generalize about which is better, a special money factor or dealer cash because this will depend upon how low a money factor and how much dealer cash we are talking about. Having said this, I will do so anyhow. Special money factors usually result in more attractive lease payments than dealer cash and no special factor does. One of the reasons for this is that manufacturers often replace their special money factors with dealer cash at the end of the model year. By that point, vehicles' residual values are much lower than they were at the beginning of the model year. The lower a car or truck's residual values are, the higher its monthly payment will be. If I was in the marker for a Ridgeline, I personally would probably wait to lease one until Honda introduced special money factors on the 2007 model in a month or two.
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Jul 05, 2006 (2:00 am)
You're very welcome, jakej. I actually asked for this truck's selling price and its full MSRP. I can't estimate what its lease payment should be without both of these numbers. Let me know and I'll estimate a payment for you. If you wait a day or two, I should be able to give you an idea of what Honda's new July lease program is like.
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