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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 28 of 38

#262 of 364 Ridgeline RTL Lease rates by javaoz

Dec 29, 2007 (6:56 pm)

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

#263 of 364 Re: still looking to get the ridgeline.. 2 days to go! [javaoz] by felixdacat13

Dec 30, 2007 (8:56 am)

Replying to: javaoz (Dec 29, 2007 6:04 pm)
We did get the basic RT. That is what my DH wanted. On the RT and RTX Honda really does have those great lease specials, but I gather that for the RTS and RTL they dont "need" to.

#264 of 364 Current Lease Deals by stonejlex

Jan 22, 2008 (5:02 pm)

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.

#265 of 364 Re: 08 Ridgeline RTS [csufin] by Car_man HOST

Jan 23, 2008 (4:56 am)

Replying to: csufin (Dec 11, 2007 9:56 pm)
Greetings csufin. The dealer invoice price of a 2008 Honda Ridgeline RTS is $28,188? Honda is currently providing a $1,000 cash incentive on leases of this truck. That reduces the invoice price to around $27,188. The selling price that you were quoted is slightly below this, which is a very good deal. The doc fee that the dealer is tacking on is very reasonable as well. Just make sure that the dealer uses Honda Finance's current .00102 buy rate lease money factor (for "Super Preferred" tier customers who pay a security deposit at lease signing) to calculate your monthly payment and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#266 of 364 Re: Ridgeline RTX lease [d0ug] by Car_man HOST

Jan 24, 2008 (3:16 am)

Replying to: d0ug (Dec 16, 2007 1:18 pm)
Hi d0ug. Honda's special lease program on the 2008 Ridgeline is pretty good. It's not the most aggressive program that I have ever seen, but it's not the worst either. I see that you referenced Honda's official advertised lease payment for this truck in your post. Keep in mind that manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. Savvy consumers who are in areas that have a decent level of competition are usually able to beat these payments by negotiating a lower selling price than the one that was used to calculate them,
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#267 of 364 Re: Leasing a Honda Ridgeline RTL (no navi) [javaoz] by Car_man HOST

Jan 24, 2008 (3:23 am)

Replying to: javaoz (Dec 27, 2007 11:10 pm)
Wow, javaoz, $500 per month to lease a Honda Ridgeline . There are a lot better trucks out there for five hundred bucks a month. Let's calculate a sample lease payment on the model that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2008 Honda Ridgeline RTL without navigation that has an MSRP of $33,725 and a selling price of $30,097 ($500 over invoice minus $1,000 lease cash) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $362. As you can see, even if you were to add a couple of dealer-installed options and sales tax to this it is waaaaay less than $500 per month. You may want to consider shopping around with a different dealer.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#268 of 364 Re: Ridgeline RTL Lease rates [javaoz] by Car_man HOST

Jan 24, 2008 (3:25 am)

Replying to: javaoz (Dec 29, 2007 6:56 pm)
Hi javaoz. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Ridgeline RTL without navigation with 12,000 miles per year are .00102 and 56%, 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

#269 of 364 Re: Current Lease Deals [stonejlex] by Car_man HOST

Jan 24, 2008 (3:56 am)

Replying to: stonejlex (Jan 22, 2008 5:02 pm)
Hello stonejlex. The $1,500 dealer cash that Honda is currently providing on the 2008 Ridgeline is not compatible with its special lease program, but Honda is providing a $1,000 dealer cash incentive that is. Make sure to take this incentive into account when negotiating your truck's capitalized cost. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Ridgeline RTS with 15,000 miles per year are .00102 and 54%, 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

#270 of 364 Re: Current Lease Deals [Car_man] by 01tblue

Jan 24, 2008 (10:36 am)

Replying to: Car_man (Jan 24, 2008 3:56 am)
I am looking at a 08 RTS for a lease. What is the final lease cost say for a 08 RTS with selling price of 27,188, with 1 months deposit. tax rate is 7.75%.
 
Now if I was to trade in my current GM smartbuy which is $13,795 buyout how does that play into the mix??
 
finally is there one good site that will give you a good refresher/basics on lease caculations.
 
thank you fro the help in advance!!
Greg

#271 of 364 Thank you Car_Man by stonejlex

Jan 25, 2008 (1:59 pm)

I lease a 2008 RTS last night from Findlay Honda in Las Vegas. I won't divulge the selling price as it wouldn't be fair to them, but it was a great deal. Can't thank you enough for the help with the residuals and the money factors.

Messages Page 28 of 38

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