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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 30 of 37

#290 of 364 Re: Ridgeline RTL Lease rates [lakeshor] by Car_man HOST

Feb 27, 2008 (4:05 am)

Replying to: lakeshor (Jan 26, 2008 2:33 pm)
Greetings lakeshor. Honda Finance's money factors are the same, regardless of what a vehicle's mileage allowance is. 15,000 miles per year is the highest mileage allowance that Honda Finance publishes residual value percentages for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.
 
The dealer invoice price of a 2008 Ridgeline RTL without navigation is $30,597. Plus Honda is providing a $1,000 cash incentives on leases of this truck through Honda Finance. So a selling price of $30,097 ($500 over invoice minus the cash incentive) or better is an excellent capitalized cost for a lease off this truck right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#291 of 364 Re: Current Lease Deals [idahovandal] by Car_man HOST

Feb 27, 2008 (4:07 am)

Replying to: idahovandal (Feb 13, 2008 10:37 pm)
Hey idahovandal. Honda significantly recently raised its dealer cash for the 2008 Ridgeline from $1,500 to $3,500. Unfortunately, this dealer cash is not compatible with Honda Finance's special lease program. It is still only providing $1,000 dealer cash on leases of this truck through Honda Finance. Its buy rate lease money factor for the '08 Ridgeline is currently .00102 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

#292 of 364 Re: Ridgeline [sfnsfn] by Car_man HOST

Feb 27, 2008 (4:22 am)

Replying to: sfnsfn (Feb 15, 2008 9:05 pm)
I can help you out, sfnsfn. Honda Finance's current buy rate lease money factor for a 24 month lease of any 2008 Ridgeline is .00102 for consumers who qualify for its top credit tier and pay a security deposit at lease signing. This truck's residual value percentages vary by trim level and mileage allowance. Its 24 month, 15,000 mile per year residual value for an '08 Ridgeline RT is 61%. It's 60% for the RT w/moonroof, 58% for the RT w/moonroof & navigation, 60% for the RTS, and 61% for the RTX. If you were to lease with only 12,000 miles per year, these residual values would be 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#293 of 364 Re: Ridgeline [mattmalt] by Car_man HOST

Feb 27, 2008 (4:26 am)

Replying to: mattmalt (Feb 24, 2008 7:34 am)
Congratulations on getting your new Ridgeline, mattmalt. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new truck .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#294 of 364 Re: Current Lease Deals [Car_man] by 01tblue

Feb 27, 2008 (12:46 am)

Replying to: Car_man (Feb 27, 2008 3:53 am)
Thanks Car_Man. Basically as you stated I could not get exactly what I needed on the trade. Even though the auction sale prices were close to what I needed...
I ended up at $23,800 ( less tax and dmv) for the RTS, and they allowed me the special finance rate (2.9% super preferred credit)for up to 5 years on top of the cash back.
 
The deal was too sweet to pass up with $7260 off sticker and 2.9% FR. I am very pleased with the price and the truck. Thanks again for everyones help.

#295 of 364 March (post 3/3) Lease Terms by love2driveinct

Mar 04, 2008 (3:35 pm)

Anyone have any numbers yet?

#296 of 364 Latest Incentives on Ridgelines by gmaroun

Mar 11, 2008 (8:00 am)

Hi All,
 
I recently started an all out quest for quotes in the NJ/NYC area.
I noticed most honda dealers not all will use the traditional method of selling the car. Simply put, they place a middle man who has no power of making the deal or numbers. Their job is to make you act on impulse. Enough of that.
Being a currrent America Honda Finance Customer, I was able to get rates on the Ridgeline. I confirmed that their is a 1,125 Lease case to dealer that is running until 4/3/2008. Lease factor remains at .00102 or 2.44 APR. (Not bad rate) I expected lower.
I am heading to Garden State Honda in clifton to work on a deal.
Keep you all posted on details.

#297 of 364 Latest Incentives on Ridgelines Lease Figures by gmaroun

Mar 11, 2008 (9:47 am)

Replying to: gmaroun (Mar 11, 2008 8:00 am)
I have confirmed the new rates:
3/3/2008 - 4/4/2008 Lease factor is .000832 or 2%
12k miles 36 month Residual Rate:
RT and RTX 56%
RTS 55%
RTL 54%
RTL w/navi 51%
Lease Cash to dealer $1,125
 
Now you know the figures. The game has begun. I was able to get a selling price for 26,200 from Garden State on a RTX model trim which is off my target price of $24,049. I walked away. I am sure they will call me later in the month either they meet or come close to my target price.
 
RTX MSRP w/destination $29,135; Invoice $26,449

#298 of 364 Latest Incentives on Ridgelines by 01tblue

Mar 11, 2008 (10:07 am)

Gmaroun,
 
Try Friendly Honda NY. I strickly dealt with the salesman the whole process soup to nuts.
 
Email me if you like and I will give your the particulars and salesman name.
 
I got the best price, and did everything via email. Best and easiset purchase to date!!

#299 of 364 Re: Latest Incentives on Ridgelines [01tblue] by mattmalt

Mar 11, 2008 (11:30 am)

Replying to: 01tblue (Mar 11, 2008 10:07 am)
I had luck with Khalil at Academy Honda in Old Bridge NJ.....not long negotiations to get to where I wanted (see my post above) I was very pleased with them.

Messages Page 30 of 37

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