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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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#31 of 353 Re: LEASE OFFER RIDGELINE RTL W/ MOONROOF [Car_man] by siny Oct 19, 2005 (11:17 am)
Replying to: Car_man (Oct 19, 2005 2:04 am) Thanks Car_Man for your input. I called the dealership and requested that they examine the lease price that they quoted me. I told them that i felt it was on the high side. I was told that there was very little play with the leases and that the price that i was quoted was their "No Haggle Price" . I believe that they won't get back to me by this weekend to test my interest in the Ridgeline. I feel that eventually they will counter with a lower offer giving into the pressure of a slow market for trucks, competitive discounts from other truck manufacturers, and dealership end of month sales goals. I'll keep the board up to date on my results. Thanks for your help. siny
#33 of 353 Ridgeline Lease not bad by tawneycat Oct 20, 2005 (4:15 am)
OK, I have leased before when manufacturers offer subsized ones. 96 Senta for 129 a month and no down, no 1st payment, no fees for 24 months. Hated the car but for the price.... anyhow, Ridgeline appears to be great bargain IF you can pay close to invoice on cost. In fact the lease is so cheap I would lease and then buy the truck at the end if I really liked it. Someone inform me on this. Can the dealer simply sell close to invoice (cap cost) and still make all the fees and holdback like a new sale? The prebuilt honda leases only offer a $1000 discount.... It seems to me dealers make more on leases then straight out purchase. Bottom line if someone can neg cap cost to invoice then payment drops nicely to around $250 for the base RT at 36 months with only about $600 up front. They advertise a $279 x 39 months with $1500 down which appears good until you know the dealer is making about $2000 on the deal. Someone posted some honda leases where the dealer was discounting RT to the $24,200 level for purchase and close to invoice on lease --since no factory to dealer cash on lease I assume.   http://hondaofbloomfield.com/Specials-PrintAd.aspx
#34 of 353 Re: Re: Re: Re: Ridgeline Residuals And Money Factors [Car_man] by postal Oct 22, 2005 (4:11 am)
Replying to: Car_man (Oct 19, 2005 2:15 am) Hello Car man I am still negotiating a deal for this car . Edmunds indicates there is a 1000 dollar to dealer cash rebate. Does this reduce the invoice price dollar for dollar? That brings the RTS down to 26061 cost. That is where I am starting my negotiating from. The Honda lease rated you gave me seems staightforward: 61% residual and a money factor rate of .00042. Is there a honda Rep that I can complain to if I feel the dealer is not willing to negotiate honestly. Just some one who would like to know why the Ridgeline isn't selling well. Yhanks for all your help   Larry B
#35 of 353 Evaluate two rl deals both ballon payments by inkyofok Oct 22, 2005 (4:39 pm)
RT ($28,215) plus wheels dealer says worth $500 25,850 purchase price with alloys added. 12kyr 41x269. Residual $16,700.   This was some screwy deal where dealer had 2 sets of wheels from Jokers who put on 20 inch tires so hence the alloys.   My expericence is that the RT just is too sparse. The RTS adds security system, 8 way power, much better sound, preferred sound controls on steering wheel, different fabric, body colored mirrors, handles, auto climate, Pricey but worth it.   RTS (MSRP $30.600) 27,600 purchase price, 15k year 35x319. Residual $18,000 (60%)   Both zero down, 1st payment in 30 days. 2.51% super preferred. Not sure what that takes.   My experience is that the $1000 incentive is for purchase only not lease/balloon since those deals are subsized it appears.   Thoughts??
#36 of 353 Help With numbers on RTS after Wilma by swoods Oct 27, 2005 (6:10 pm)
Good Day, I am new to the forum and still without power or phone after Hurricane Wilma and I need help; here is the dealers final best offer on an RTS: $800 down, $285 a month for 42 months, 12k per year; based on a straight invoice of $27,710 as a starting price. The MSRP is $30,625. The $800 does include my first monthly payment and inception fee. When I work with the lease calculator and use the money factor and residuals from your recent post I can't make the numbers work? Any thoughts on the offer? Replies to this message: cccompson (Oct 29, 2005 5:03 am) kyfdx (Oct 29, 2005 5:45 am) inkyofok (Oct 29, 2005 6:41 pm)
#37 of 353 Re: Help With numbers on RTS after Wilma [swoods] by cccompson Oct 29, 2005 (5:03 am)
Replying to: swoods (Oct 27, 2005 6:10 pm) These number are similar to those being advertised in the paper by multiple dealers in Central Ohio, both today and last Saturday. I'm no lease expert but it sounds pretty good to me.
#38 of 353 Re: Help With numbers on RTS after Wilma [swoods] by kyfdx HOST Oct 29, 2005 (5:45 am)
Replying to: swoods (Oct 27, 2005 6:10 pm) I don't have the numbers for a Ridgeline lease.. But, if you are doing calculations, add a $595 acquisition fee on to your selling price to get the cap cost... Your upfront money isn't enough to cover that fee, so it has to be rolled into the lease payment...   That might help your numbers agree with theirs...   But, no matter what... Under $300 a month, and under $1000 due at signing, is dirt cheap for a $30K car, even on a 42 month lease...   regards, kyfdx Host-Prices Paid Forums
#39 of 353 Re: Help With numbers on RTS after Wilma [swoods] by inkyofok Oct 29, 2005 (6:41 pm)
Replying to: swoods (Oct 27, 2005 6:10 pm) you may want to check out Honda leadership purchase. Acts like a lease but you are the owner not Honda. Ballon at end or turn in like a lease. Payments should be close regardless (lease a little less since on more payment) My RTS deal went this way   $27,800 with tint and doc fees   15k per year zero down. Nothing. Super preferred rate 2.51%   REsidual $18,000   Payment $320 x 35 and turn in or purchase   Big point 12 k year vs 15 k per year $13 per month==this is how Honda works the residual. Way cheap so I did it even though 12k is my normal use. Regardless, can sell myself and will not matter.
#40 of 353 leasee by postal Oct 30, 2005 (2:38 pm)
If I lease the car in my name is there any restrictions on my wife driving it? Replies to this message: kirstie_h (Oct 31, 2005 2:58 am)

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