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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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#301 of 353
Lease Deal on RTX by gmaroun
Mar 12, 2008 (9:48 am)
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Hi again, I just close a Lease deal on a RTX Ridgeline
 
$1552.05 due at signing (1st payment and inception included)
36 month
12k year
$300.85 includes 7% sales tax (Need good credit to qualify)
 
If you are in a need for a great weekend duty truck, you must be nuts to pass up on the opportunity.
 
note it was not easy on getting this deal. You really need to have negotiation skills and do not expect this will be your first or second offer.
#302 of 353
Re: Current Lease Deals [01tblue] by Car_man HOST
Apr 16, 2008 (2:37 am)
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Replying to: 01tblue (Feb 26, 2008 11:46 pm)

You're very welcome, 01tblue. Congratulations on getting your new truck!
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#303 of 353
Re: March (post 3/3) Lease Terms [love2driveinct] by Car_man HOST
Apr 16, 2008 (2:40 am)
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Replying to: love2driveinct (Mar 04, 2008 2:35 pm)

Hi love2driveinct. The Ridgeline's residual values vary by term and mileage allowance, but through April 30th Honda Finance's buy rate lease money factor for it is .00083 for consumers who qualify for its top credit tier and pay a security deposit at lease signing.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#304 of 353
Re: AHFC Lease Cash Incentive [gmaroun] by Car_man HOST
Apr 16, 2008 (2:41 am)
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Replying to: gmaroun (Mar 12, 2008 2:33 am)

Hi gmaroun. Despite the fact that Honda is currently providing $3,500 dealer cash on the 2008 Ridgeline, only $1,000 dealer cash is available on leases of it through Honda Finance.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#305 of 353
Re: AHFC Lease Cash Incentive [Car_man] by aspesisteve
Apr 22, 2008 (7:58 am)
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Replying to: Car_man (Apr 16, 2008 2:41 am)

now that Honda is rumored to up'd the dealer cash to $4,500, does this make leasing even less attractive? I mean, how can you beat $4,500 under invoice with a lease?
 
anyone able to make the lease make sense with these viarables?
#306 of 353
Wheres is everybody? by vmcjr1
May 21, 2008 (1:54 pm)
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Looking for an RTL no/nav. site is helpful any new info
#307 of 353
Re: Wheres is everybody? [vmcjr1] by aspesisteve
May 28, 2008 (7:18 am)
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Replying to: vmcjr1 (May 21, 2008 1:54 pm)

somehow I get the feeling that the lack of posts on so many threads in Edmunds is reflective of the lack of sales in the car industry. With the cash incentive that Honda is offering for the Ridgeline - $4,500 last I heard - it's telling of how well the Ridgeline is selling.
#308 of 353
Re: Wheres is everybody? [aspesisteve] by 01tblue
May 28, 2008 (7:27 pm)
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Replying to: aspesisteve (May 28, 2008 7:18 am)

Im out driving my new Ridgeline.
#309 of 353
Money factors and residuals Carman? by hkings
May 31, 2008 (11:43 am)
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Hey Carman,
 
I was just curious what the current going money factor is for 08 Ridgelines and current Residuals values for the RTS and RTL (assuming 15K miles per year).
 
I've been quoted about 0.028 on the money factor, which seems fairly high. And told about 52 or 53% on the Residuals for both models.
 
I've been quoted some very decent monthly rates with pretty much nothing down, but those numbers don;t seem so hot and wondering if I can do better.
 
Any and all info is truly appreciated.
Thanks!
#310 of 353
Re: Money factors and residuals Carman? [hkings] by aspesisteve
Jun 04, 2008 (7:08 pm)
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Replying to: hkings (May 31, 2008 11:43 am)

since carman doesn't seem to be around these days, I'd have to say there's no way you can make a lease workout vs. buying unless Honda is willing to reduce the cost basis of the lease $4,000 below invoice.
 
- not with the $4,500 factory to dealer cash incentive.
 
Send out some requests to some Honda dealers and see what you can do.
 
and please share with us

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