- #230 of 353
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Honda Ridgeline RTL w/Navi
by reddog522
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Feb 19, 2007 (4:39 pm)
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I am researching the affordability of leasing myself a RTL with the navigation system. I plan on leasing in July and I am doing my homework
Here are my questions.
As the model year wears down to an end will pricing and incentives get better as a result of trying to move out the '07 inventory to bring in the '08?
When does the Honda Model year change? When would you expect to see the pricing change?
Do you have any details on the current offer for the RTL with Navi at 15K a year?
Any advice would be appreciated.
Regards,
Peter
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- #232 of 353
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Re: Honda Ridgeline RTL w/Navi [reddog522]
by aspesisteve
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Feb 28, 2007 (4:10 pm)
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Replying to: reddog522 (Feb 19, 2007 4:39 pm)
peter,
discounts at the end of the year depend upon how much inventory is left to clear out.
it's the factory cash to dealer incentives that make the best senerio for negotiating. For leasing it's the money factor plus selling price.
The best way to save on a car is to contact several dealers in your area via e-mail, tell them what you want, that you're ready to buy, and get them to bid for your business. Can't find the car you want in your area? then expand your search out another couple hundred miles.
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- #233 of 353
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Re: illya [illya]
by Car_man HOST
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Mar 06, 2007 (4:42 am)
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Replying to: illya (Feb 09, 2007 8:23 pm)
You're very welcome, illya. While you will be charged if your leased vehicle has any major dents, scratches, or completely worn out tires when you turn it in I have always found Honda Finance to be very lenient when evaluating the end of term condition of leased vehicles. It will probably not hit you up with a excess wear and tear penalty unless your leased Ridgeline is really messed up.
Car_man
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- #234 of 353
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Re: Honda Ridgeline RTL w/Navi [reddog522]
by Car_man HOST
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Mar 06, 2007 (4:55 am)
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Replying to: reddog522 (Feb 19, 2007 4:39 pm)
Hi Peter. The lease programs on vehicles do generally improve as the model year progresses...to a point. Vehicles' residual values, which are used to calculate the depreciation portion of your lease payment, gradually fall as the model year progresses. As a result, very late in the model year it often becomes more expensive to lease vehicles. I am not sure when Honda will introduce the 2008 Ridgeline, but I would not be surprised if it was as early as June or July. I can give you an idea of what Honda's current lease program for the 2007 Ridgeline is like, but keep in mind that it will likely be very different when you are in the market for it later this year. Honda's lease program for the Ridgeline varies by region. For now I will tell you what its special regional program is like, but I need you to tell me what state you are are in to see if you qualify for it. Honda Finance's current special regional buy rate lease money factor and residual value for a 36 month lease of a 2007 Ridgeline RTL without navigation with 15,000 miles per year are .00071 and 53%, respectively for consumers who qualify for its "Super Preferred" credit tier.
Car_man
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- #235 of 353
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Re: Honda Ridgeline RTL w/Navi [Car_man]
by john1000
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Mar 24, 2007 (11:49 am)
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Replying to: Car_man (Mar 06, 2007 4:55 am)
Car Man
"Finance's current special regional buy rate lease money factor and residual value for a 36 month lease of a 2007 Ridgeline RTL without navigation with 15,000 miles per year are .00071 and 53%, respectively for consumers who qualify for its "Super Preferred" credit tier."
Where did you get the the .00071 money factor. I called a few dealers today and they said there is no special lease deals on the ridgeline right now and the money factor on the RTL with super preferred credit is .00275. I am in the seattle area.
Thanks for the info
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- #236 of 353
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Re: Honda Ridgeline RTL w/Navi [john1000]
by Car_man HOST
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Apr 06, 2007 (2:17 am)
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Replying to: john1000 (Mar 24, 2007 11:49 am)
Hi john1000. In my quote that you posted, I stated that the 2007 Ridgeline's special lease program is regional. It sounds like you are not in one of the states that this program is available in. What state do you live in? If you let me know I can tell you for certain if this is the case. If this special lease program is not available in your area and you want to lease this truck through Honda Finance, you will have to use its standard lease program. At least you can use the $2,000 dealer cash that is available on it to negotiate the capitalized cost of a standard lease.
Car_man
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- #237 of 353
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Re: Honda Ridgeline RTL w/Navi [john1000]
by ridgemehard
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May 08, 2007 (7:54 pm)
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Replying to: john1000 (Mar 24, 2007 11:49 am)
so, i saw a ridgeline that said 199 a month, ask how. anyone know how this would be possible other than a gigantic down payment
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- #238 of 353
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Re: Honda Ridgeline RTL w/Navi [ridgemehard]
by Car_man HOST
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May 10, 2007 (1:57 am)
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Replying to: ridgemehard (May 08, 2007 7:54 pm)
Hi ridgemehard. It's possible to come up with any lease payment one wants by manipulating the terms of a lease, such as its length, mileage allowance, and down payment. It would be impossible to lease a 2007 Ridgeline for $199 per month right now without making a significant down payment. I don't believe that Honda is running a special lease program on this truck right now. It does however have $2,500 dealer cash on it that will help you to negotiate an attractive selling price. It you tell me exactly which Ridgeline you want, what its MSRP and selling price are, how long you want to lease it for, and what mileage allowance you need I would be happy to estimate what its lease payment should be right now for you.
Car_man
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- #239 of 353
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Re: Honda Ridgeline RTL w/Navi [Car_man]
by ridgemehard
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May 10, 2007 (1:45 pm)
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Replying to: Car_man (May 10, 2007 1:57 am)
well, i was thinking absolute base price and i have no idea about the length of lease. if there is an average, i would go with an average lease. im going to have about 1500 to put down on the lease as well.
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