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Honda Ridgeline Lease Questions

364 messages,  Last post on Oct 23, 2012 at 3:38 PM

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What is this discussion about? Honda Ridgeline, Car Leasing, Truck

Messages Page 25 of 37

#234 of 364 Re: Honda Ridgeline RTL w/Navi [reddog522] by Car_man HOST

Mar 06, 2007 (5:55 am)

Replying to: reddog522 (Feb 19, 2007 5:39 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 364 Re: Honda Ridgeline RTL w/Navi [Car_man] by john1000

Mar 24, 2007 (12:49 pm)

Replying to: Car_man (Mar 06, 2007 5:55 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

#236 of 364 Re: Honda Ridgeline RTL w/Navi [john1000] by Car_man HOST

Apr 06, 2007 (3:17 am)

Replying to: john1000 (Mar 24, 2007 12:49 pm)
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 364 Re: Honda Ridgeline RTL w/Navi [john1000] by ridgemehard

May 08, 2007 (8:54 pm)

Replying to: john1000 (Mar 24, 2007 12:49 pm)
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

#238 of 364 Re: Honda Ridgeline RTL w/Navi [ridgemehard] by Car_man HOST

May 10, 2007 (2:57 am)

Replying to: ridgemehard (May 08, 2007 8:54 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 364 Re: Honda Ridgeline RTL w/Navi [Car_man] by ridgemehard

May 10, 2007 (2:45 pm)

Replying to: Car_man (May 10, 2007 2:57 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.

#240 of 364 Re: Honda Ridgeline RTL w/Navi [ridgemehard] by Adamv

May 11, 2007 (1:47 pm)

Replying to: ridgemehard (May 10, 2007 2:45 pm)
"It does however have $2,500 dealer cash on it that will help you to negotiate an attractive selling price"
 
Wouldn't it also help you negotiate a better lease rate?
 
"im going to have about 1500 to put down on the lease as well. "
 
You should never put anything down when doing a lease. Roll it all into the payment. Use your $1500 for better things, like an ivestment at an interest rate higher then your lease rate.

#241 of 364 Re: Honda Ridgeline RTL w/Navi [Adamv] by aspesisteve

May 29, 2007 (5:20 pm)

Replying to: Adamv (May 11, 2007 1:47 pm)
anyone know what the lease rate is going for on the Ridgeline?
 
car man?
anyone?

#242 of 364 Re: Honda Ridgeline RTL w/Navi [Adamv] by Car_man HOST

Jun 14, 2007 (3:13 am)

Replying to: Adamv (May 11, 2007 1:47 pm)
Hi Adamv. The dealer cash will have no impact upon the Ridgeline's money factor. It will help consumers to negotiate a low selling price on it, which will in turn lower the lease payment.
 
Car_man
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#243 of 364 Re: Honda Ridgeline RTL w/Navi [aspesisteve] by Car_man HOST

Jun 14, 2007 (3:17 am)

Replying to: aspesisteve (May 29, 2007 5:20 pm)
Greetings aspesisteve. Honda is providing $2,500 dealer cash on the 2007 Ridgeline instead of lease support. This dealer cash will help you to negotiate an attractive capitalized cost for your truck, but if you want to lease it through Honda Finance you will have to use its standard lease program. This program varies by trim level, term, and mileage allowance. Its current buy rate standard money factor for a 36 month lease of this truck is .00275 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.
 
Car_man
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Messages Page 25 of 37

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