- #264 of 353
-
Current Lease Deals
by stonejlex
-
Jan 22, 2008 (4:02 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 353
-
Re: 08 Ridgeline RTS [csufin]
by Car_man HOST
-
Jan 23, 2008 (3:56 am)
-
|
|
Replying to: csufin (Dec 11, 2007 8:56 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 353
-
Re: Ridgeline RTX lease [d0ug]
by Car_man HOST
-
Jan 24, 2008 (2:16 am)
-
|
|
Replying to: d0ug (Dec 16, 2007 12:18 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 353
-
Re: Leasing a Honda Ridgeline RTL (no navi) [javaoz]
by Car_man HOST
-
Jan 24, 2008 (2:23 am)
-
|
|
Replying to: javaoz (Dec 27, 2007 10:10 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 353
-
Re: Ridgeline RTL Lease rates [javaoz]
by Car_man HOST
-
Jan 24, 2008 (2:25 am)
-
|
|
Replying to: javaoz (Dec 29, 2007 5:56 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 353
-
Re: Current Lease Deals [stonejlex]
by Car_man HOST
-
Jan 24, 2008 (2:56 am)
-
|
|
Replying to: stonejlex (Jan 22, 2008 4:02 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 353
-
Re: Current Lease Deals [Car_man]
by 01tblue
-
Jan 24, 2008 (9:36 am)
-
|
|
Replying to: Car_man (Jan 24, 2008 2:56 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 353
-
Thank you Car_Man
by stonejlex
-
Jan 25, 2008 (12:59 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.  
|
- #272 of 353
-
Re: Thank you Car_Man [stonejlex]
by 01tblue
-
Jan 25, 2008 (6:20 pm)
-
|
|
Replying to: stonejlex (Jan 25, 2008 12:59 pm)
Hi Stonejlex,
I am up in NY and was wondering what your final deal came out too. My email is listed in my profile.
Thanks
|
- #273 of 353
-
Re: Ridgeline RTL Lease rates [Car_man]
by lakeshor
-
Jan 26, 2008 (1:33 pm)
-
|
|
Replying to: Car_man (Jan 24, 2008 2:25 am)
Do you know if the money factor is the same for an RTL with higher mileage (17000) per year and what the residual % is? There is a nearby dealer who advertises an RTL, 36 mo,12k lease with 999 down and tax extra for 329/month. When I ask for a quote with 17000 mi/yr, 0 down+1500 in dealer accessories and tax included the monthly pay goes way up to 482 which seems very high. I like the lease calculator at leaseguide.com which seems to support what I think about 482 payment being too high. This dealer offers the RTL, no accessories, for a straight sale at 28582 which seems like a good price. Any thoughts? Thanks.
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
