- #279 of 353
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Re: Current Lease Deals [Car_man]
by idahovandal
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Feb 13, 2008 (9:37 pm)
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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!
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- #280 of 353
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Re: Thank you Car_Man [carbuyer11]
by 01tblue
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Feb 14, 2008 (9:47 pm)
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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! 
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- #281 of 353
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Re: Thank you Car_Man [01tblue]
by mattmalt
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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???
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- #282 of 353
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Re: Thank you Car_Man [mattmalt]
by ursamajor1
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Feb 15, 2008 (6:50 am)
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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.
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- #283 of 353
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Re: Ridgeline
by sfnsfn
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Feb 15, 2008 (8:05 pm)
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Replying to: ursamajor1 (Feb 15, 2008 6:50 am)
Anybody know what the 24 month lease rate money factor is? Residual percentage?
Thanks.
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- #284 of 353
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Re: Ridgeline [sfnsfn]
by mattmalt
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Feb 22, 2008 (9:20 am)
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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
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- #285 of 353
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Ridgeline
by 01tblue
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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. .
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- #286 of 353
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Re: Ridgeline [01tblue]
by mattmalt
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Feb 24, 2008 (6:34 am)
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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
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- #287 of 353
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Re: Ridgeline [mattmalt]
by carbuyer11
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Feb 25, 2008 (9:44 am)
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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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- #288 of 353
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Re: Current Lease Deals [01tblue]
by Car_man HOST
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Feb 27, 2008 (2:53 am)
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Replying to: 01tblue (Jan 24, 2008 9:36 am)
Hey Greg . Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2008 Honda Ridgeline RTS that has an MSRP of $31,060 and a selling price of $27,188 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $335 assuming that you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The only way that you would benefit from trading in the vehicle that you currently have a SmartBuy contract on is if it is worth more as a trade than it would cost you to purchase it, which is unlikely.
Edmunds.com has a number of excellent articles on how leasing works. Here are links to a coupe to get you started: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Car_man
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