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Honda Ridgeline Lease Questions

353 messages,  Last post on Aug 25, 2009 at 3:15 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Honda Ridgeline, Car Leasing, Truck


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#278 of 353
Re: Thank you Car_Man [ursamajor1] by carbuyer11
Feb 13, 2008 (5:31 pm)
Reply

Replying to: ursamajor1 (Feb 10, 2008 8:04 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.
#279 of 353
Re: Current Lease Deals [Car_man] by idahovandal
Feb 13, 2008 (9:37 pm)
Reply

Replying to: Car_man (Jan 24, 2008 2:56 am)

Car Man you posted this a couple of weeks ago...could I bother you for an update? Is the $1,000 dealer cash incentive still in place, and has the money factor dropped to .00077 as posted in a recent post? Thanks!
#280 of 353
Re: Thank you Car_Man [carbuyer11] by 01tblue
Feb 14, 2008 (9:47 pm)
Reply

Replying to: carbuyer11 (Feb 13, 2008 5:31 pm)

Hi All,
 
I am picking up a 08RTS for $7260 off of sticker in NY. There are some good deals. The other huge plus is they are allowing special finance rates along with the cash back. 2.9% up to 60 months. Typically its one or the other.
I feel I got a good deal and can wait to take delivery on Monday!
#281 of 353
Re: Thank you Car_Man [01tblue] by mattmalt
Feb 15, 2008 (4:38 am)
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Replying to: 01tblue (Feb 14, 2008 9:47 pm)

Sounds like a good deal. I'm still trying to price the vehicle for lease (an RTL w/out nav) and got a crummy lease quote of $425 month yesterday. i'm now trying cars direct to see what they come back with so at least I can pit them against my dealer. FYI my last lease was a $400 a month on vehicle that msrp over 45k, so this quote was lousy. I calculated price quote must have been plugging in purchase price of over 32k, when RTL is being sold closer to 27k. Again, anyone have a thought on what purchase price would be appropriate to plug into my lease vehicle cost equation. i know the 27.5k price includes incentives i may not get on lease, so please any help???
#282 of 353
Re: Thank you Car_Man [mattmalt] by ursamajor1
Feb 15, 2008 (6:50 am)
Reply

Replying to: mattmalt (Feb 15, 2008 4:38 am)

I got a lease quote of $440 (including taxes) with no cash up front except 1st month's payment for 36/36k on an RTL/Navi, going to 15k/yr would bump by maybe $20/month. I was wrong on the .00077 money factor, the correct one is .00102, 54% residual for 36k miles. I'm pretty sure I'm going to get one, just trying to decide on lease/buy at this point.
#283 of 353
Re: Ridgeline by sfnsfn
Feb 15, 2008 (8:05 pm)
Reply

Replying to: ursamajor1 (Feb 15, 2008 6:50 am)

Anybody know what the 24 month lease rate money factor is? Residual percentage?
 
Thanks.
#284 of 353
Re: Ridgeline [sfnsfn] by mattmalt
Feb 22, 2008 (9:20 am)
Reply

Replying to: sfnsfn (Feb 15, 2008 8:05 pm)

My plan was to use carsdirct versus dealer to get best 36 month lease on rtl w/out nav but no luck. Dealer said he'd match or beat cd but remarkably they promised me a quote almost two weeks ago and cd keeps saying that their "dealer/partner" has not yet given them the quote. Talk about a company wasting $ on a superbowl commercial.....any suggestions on reasonable price. I think i should be out the door at around $350 incl 7% tax on 3 year lease with only first payment down, but dealer was much higher on initial quote. I can't see the lease pricing the vehicle about invoice if sale price is at least 2k under invoice. Am i wrong? any thoughts? thanks
#285 of 353
Ridgeline by 01tblue
Feb 22, 2008 (9:55 am)
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I dont know if it helps any, but I looked at leasing and wasn't impressed with the pricing. I ended up buying a 2008 RTS with 4 miles on it for $23,800 including the destination charge. Tax and dmv fees were addtional fees. I also was able to get the special finance rate of 2.9% for up to 5 years.
 
For me and my situation it was the best route, and was very pleased at getting $7260 off of sticker and combining the low finance rate. .
#286 of 353
Re: Ridgeline [01tblue] by mattmalt
Feb 24, 2008 (6:34 am)
Reply

Replying to: 01tblue (Feb 22, 2008 9:55 am)

Hey guys, thanks for all the help. I leased an 08 rtl w/out nav (in NJ) for $370 month inc tax and put 500 down (plus 400 in dmv and process fees) Did $45 per month cheaper than dealer closer to home, partly b/c i knew rebates, money factor, residual from the site. Of course I added fog lights, trailer hitch and running boards so i'm basically making two down payments, but your imput helped alot
#287 of 353
Re: Ridgeline [mattmalt] by carbuyer11
Feb 25, 2008 (9:44 am)
Reply

Replying to: mattmalt (Feb 24, 2008 6:34 am)

I hope you enjoy your Ridgeline as much as we have enjoyed our 2006 RTL. It's a great vehicle with lots of versatility.

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