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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 37

#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
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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
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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
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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
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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.

#272 of 364 Re: Thank you Car_Man [stonejlex] by 01tblue

Jan 25, 2008 (7:20 pm)

Replying to: stonejlex (Jan 25, 2008 1:59 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 364 Re: Ridgeline RTL Lease rates [Car_man] by lakeshor

Jan 26, 2008 (2:33 pm)

Replying to: Car_man (Jan 24, 2008 3:25 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.

#274 of 364 Re: Thank you Car_Man [stonejlex] by chscof

Jan 30, 2008 (9:20 pm)

Replying to: stonejlex (Jan 25, 2008 1:59 pm)
looking at Findlay too. Any information you can share would be helpful.

#275 of 364 Re: Thank you Car_Man [chscof] by mattmalt

Feb 10, 2008 (7:31 am)

Replying to: chscof (Jan 30, 2008 9:20 pm)
Very informative posts guys. I'm looking at RTL and am wondering what value is realistic for negotiated vehicle price b/c the invoice is $30,846, but the price offered on carsdirect is much lower at $27,456. Are people getting close to that price? if so, the RTL lease with money factor and residual mentioned above and 7% tax would be down near $305. That seems great, i'm just wondering if i'm going to get laughed off the lot at dealership with these #'s in my head. thanks for help.

Messages Page 28 of 37

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