Last post on Oct 23, 2012 at 3:38 PM
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Honda Ridgeline, Car Leasing, Truck
#269 of 364 Re: Current Lease Deals [stonejlex]
by Car_man HOST
Jan 24, 2008 (3:56 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#270 of 364 Re: Current Lease Deals [Car_man]
Jan 24, 2008 (10:36 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!!
#271 of 364 Thank you Car_Man
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]
Jan 25, 2008 (7:20 pm)
I am up in NY and was wondering what your final deal came out too. My email is listed in my profile.
#273 of 364 Re: Ridgeline RTL Lease rates [Car_man]
Jan 26, 2008 (2:33 pm)
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]
Jan 30, 2008 (9:20 pm)
looking at Findlay too. Any information you can share would be helpful.
#275 of 364 Re: Thank you Car_Man [chscof]
Feb 10, 2008 (7:31 am)
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.
#276 of 364 Re: Thank you Car_Man [mattmalt]
Feb 10, 2008 (9:04 pm)
Honda significantly increased its cash-to-dealer incentive on Ridgelines on Friday morning - it was $1500, now it's much higher (unfortunately Edmunds hasn't changed the number on its "Latest Incentives" page, I'm sure they'll update it shortly). For a purchase, based on the new dealer incentives, the CarsDirect price is actually pretty high on a purchase. Unfortunately, AHFC won't let you use the incentives against your capitalized cost on a lease, but they've reduced the money factor significantly to compensate - I was told it was now .00077.
#277 of 364 Re: Thank you Car_Man [ursamajor1]
Feb 13, 2008 (5:58 pm)
Thanks for the update. I called two dealers and told them the following: I qual for super preferred credit tier. want lease on RTL w/out nav, understand money factor to be .00077 and that cars direct is looking at 27,456 for vehicle and asked if they were in the ballpark. One is still checking other would not even listen to be mentioning terms unless at dealership. I'm next going to contact carsdirect about their lease. I guess i'm wondering what price is fair for the vehicle (msrp 33725, invoice 30846 and carsdirect list of 27456) to negotiate towards on the lease. i can handle haggling processing fees and know i'll likely need security deposit, but don't have a strong feeling on what bottom line number is appropriate for this vehicle. Thanks for all the help guys!
#278 of 364 Re: Thank you Car_Man [ursamajor1]
Feb 13, 2008 (6:31 pm)
It's officially $3500, effective at least through March 3rd. This should take discounts on Ridgelines to +/- $6000. Sales are slow in the auto industry. What a great opportunity for anyone considering an '08 Ridgeline.