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Honda Ridgeline Lease Questions

353 messages,  Last post on Aug 25, 2009 at 3:15 AM

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

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#248 of 353 Ridgeline lease question by jfox5 Sep 23, 2007 (7:59 am)
I'm looking to lease an RTX. I saw this on Honda's website. Is there any possiblity of getting a lower price from the dealer? I'm not sure what i could use to negotiate the net cap cost down...   Thanks !   FEATURED SPECIAL LEASE: Closed-end lease for 2008 Ridgeline RTX Automatic Transmission (Model YK1638EW) for $309.00 per month for 36 months with a $2,105.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. $3,009.00 total due at lease signing.   MSRP $30,135.00 (includes destination) less the capitalized cost reduction resulting in actual net capitalized cost $25,618.34. Total monthly payments $11,124.00. Option to purchase at lease end $18,081.00. 12,000 miles/year. Replies to this message: steevo (Sep 27, 2007 2:22 pm) Car_man (Oct 08, 2007 2:42 am) Car_man (Oct 08, 2007 2:40 am)
#249 of 353 Re: Ridgeline lease question [jfox5] by steevo Sep 27, 2007 (2:22 pm)
Replying to: jfox5 (Sep 23, 2007 7:59 am) Interesting. I see that deal also on the Honda website..Strange thing is if you build the car on Hondas website, or if you go to Cars Direct, the MSRP is 29135. So they must be adding 1000 in options?? GOing from 30135, it seems that they are taking about 4500 off the sticker by getting us to chip in half as cap cost, and they go down half.. SO it LOOKS like a lower payment. But in actuality they are going 2000 under sticker and you are putting 2000 down. From reading the prices paid board, it seems an aggressive buyer could get about 3000 off the sticker on one of these trucks. So You could probs negotiate down the up front money by at least 1000. If someone can post the MONEY FACTOR and RESIDUAL for the RTX we can figure out what the best deal would be..Post a reply addressed to Car_Man and ask for the MF and resid..or maybe he will read this and post it. BTW, I am researching about 5 different cars/trucks right now because I have some time, and am not really decided yet on what it is I want. Replies to this message: Car_man (Oct 08, 2007 2:42 am)
#250 of 353 Re: Ridgeline lease question [jfox5] by Car_man HOST Oct 08, 2007 (2:40 am)
Replying to: jfox5 (Sep 23, 2007 7:59 am) Hi jfox5. I have found that savvy consumers who are in an area that have a decent level of competition are usually able to beat manufacturers' advertised lease payments by negotiating a lower selling price than the one that was used to arrive at them. Shop around with a few dealers for the lowest possible selling price on the Ridgeline that you want and then have the dealer that gives you the most attractive price calculate your monthly payment using Honda Finance's current buy rate lease money factor of .00228 (for top tier customers who pay a security deposit at lease signing).   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#251 of 353 Re: Ridgeline lease question [steevo] by Car_man HOST Oct 08, 2007 (2:42 am)
Replying to: steevo (Sep 27, 2007 2:22 pm) Hey steevo. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Ridgeline RTX with 12,000 miles per year are .00228 and 60%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#252 of 353 08 Ridgeline Lease Rates by felixdacat13 Nov 02, 2007 (11:26 am)
Hi Car_Man,   Wow. No Ridgeline lease queries in a month! Sir, could you be so kind as to quote me the Money factors and the residual values for both th RT and RTS? Lets say for the standard 12K/year for top tier credit. I'm in Georgia, but have used Tennessee dealerships in the past if I could get a better deal. Also, has there been much movement in these rates since the 08 came out? I do not intend to lease until December. Finally, do you think there could be a possibility of some special deals with lease rates in December? Has Honda been known to do anything for the final month of the year? Thanks, FX Replies to this message: Car_man (Nov 19, 2007 2:25 am)
#253 of 353 Re: 08 Ridgeline Lease Rates [felixdacat13] by Car_man HOST Nov 19, 2007 (2:25 am)
Replying to: felixdacat13 (Nov 02, 2007 11:26 am) Hey felixdacat13. Yep, the old Ridgeline doesn't appear to be that popular this month. Perhaps you can interpret the lack of posts in this discussion as a lack of demand and use it to your advantage during negotiations . Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Ridgeline RT with 12,000 miles per year are .00191 and 58%, respectively for consumers who qualify for its top credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical lease of a 2008 Ridgeline RTS are .00191 and 57%. This lease program is scheduled to run though November 30th. It is difficult to say what the December program will be like at this point, but I personally doubt that you are risking much by waiting until them to lease. If I had to make an educated guess, I would say that the December program will be the same, or more attractive than the current one. Again though it is difficult to say for certain.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#254 of 353 08 Ridgeline RTX by jd1140 Nov 26, 2007 (4:37 am)
Received quote from Boch Honda Norwood Ma. 2008 RTX Ridgeline MSRP $29,135 Net $25,879 0 Down $749 Inceptions $367 mo. for 36 mos. 12k yr   IS this a good price?
#255 of 353 New Lease Incentives from Honda by jd1140 Dec 06, 2007 (2:01 pm)
New Lease incentives from Honda on the Honda Website. Im glad I told the guy at BOCH Honda I was going to wait until Dec. Newe money factor is .00051   JD
#256 of 353 08 Ridgeline RTS by csufin Dec 11, 2007 (8:56 pm)
Is this a good deal for the 08 Ridgeline RTS?   $26,900 sale price $900 for accessories including installation(running board, roof rack, mud guards and wheel locks)? $60 doc fee Total $27,860 plus tax and license Replies to this message: Car_man (Jan 23, 2008 3:56 am)
#257 of 353 Ridgeline RTX lease by d0ug Dec 16, 2007 (12:18 pm)
I was wondering what your opinion was of the recent RTX lease option.Briefly it includes: $279.00 per month, $1999 at signing, closed end, $17000 residual and 3 year 36,000 miles. I am not sure about gap insurance. Your advice would be greatly appreciated. Replies to this message: Car_man (Jan 24, 2008 2:16 am)

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