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Prices Paid: Buying & Leasing Experiences Honda Ridgeline Lease Questions
353 messages, Last post on Aug 25, 2009 at 3:15 AM
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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
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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.
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I have been referred to a friendly Honda dealer and came up with a "good" (in my view) price for a Ridgeline RTL with several options at $34,900 installed. When it comes to leasing though the money factor is decidedly more expensive than RT or RTX. A $28K RT is$269/mth; a $35K RTL $460; 25% more expensive but the lease payment goes up 72%. I was thinking it'd be more like $350/mth I understand that the money factor is different but then it pushes this to a $500/mth lease which means that Audi Q7 and other luxury brands come into play. Is there a way to get an optioned Ridgeline RTL for around $350/mth?
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We are negotiating with dealers here. Sales tax is 7%. With 1sts month due at signing we are working on 299/month. We believe this to be doable, but wondering if we are still leaving money on the table. Sandy
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Replying to: sandyl (Dec 28, 2007 11:38 am) We ended up with 279/month + tax with 1st month and 42 tax due at signing. "supposily" the dealer is losing money, but with 58% residual and a MF of .00051!, the ridgeline was a really good lease deal. We are getting this deal in Woodstock GA. The honda dealer 2 miles from our house was a joke. THey only have 3 in stock and this being "soccer mom" territory, the ridgeline is not what they want to sell. One metro Atlanta dealer did not even respond to my or my husband's email to even get a quote.
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Replying to: felixdacat13 (Dec 29, 2007 5:56 am) Which Ridgeline model did you end up getting for $279/mth +? I have been trying to get an RTL but can't get it under 500/mth which is too high. They claim that the RT and RTX can be close to what you got but the other models are 3 times as much. Thanks JohnH
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I am on the Honda website and with the discount a local Honda dealer was prepared to give of $34,950 with all requested accessories installed out the door) and with $2,500 capital reduction this is the deal I get. I can even get a certificate for this deal and it pulls up the RT deal which means the deals are related but that's another story. This is the standard deal and below is the Special Lease 2008 Ridgeline RTL 36 Months Term 12,000 Annual Mileage $593.24 *Lease Summary: Required Refundable Security Deposit $600.00, 1st Monthly Payment $593.24, Capitalized Cost Reduction $2,500.00 to equal an estimate total of $3,693.24 due at lease signing LEASE SPECIAL 2008 Ridgeline RTL 36 Months Term 12,000 Annual Mileage Terms Certificate $432.77 *Lease Summary: Required Refundable Security Deposit $450.00, 1st Monthly Payment $432.77, Capitalized Cost Reduction $2,500.00 to equal an estimate total of $3,382.77 due at lease signing What is the money factor and the % Residual on this Lease Special? JohnH
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Replying to: javaoz (Dec 29, 2007 5:04 pm) |
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I need some help. My local dealer in Vegas will not give me the money factors and residuals for a 2008 Ridgeline RTS. I want to lease for 36 or 42 months. Can you get the dealer cash ($1500) and lease or do you give up the dealer cash if you lease? I have a 710-735 credit score. Thank you for your help. 
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Replying to: csufin (Dec 11, 2007 8:56 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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