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Honda Ridgeline Lease Questions

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

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

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#338 of 353 Lease Return? by sorso Aug 01, 2008 (7:47 am)
So I am a couple of months from my extremely low $ factor lease from ending. I think my residual on my Ridgeline with Navigation is around $18,000. What can I expect if I want to purchase this vehicle? With the current price reductions I know my trade in value went to crap. I know when I had my old Passat they offered me quite a discount to keep it. Will they do the same? Should I trade it in before the lease ends because I could buy something else just the same. I don't need a truck anymore. Thanks!
#340 of 353 Any thoughts? by kippster Oct 31, 2008 (4:37 pm)
I'm 6 mos away from my lease return on a 2006 Ridgeline with leather/navigation. I owe 20,000 on return in June. I actually really like it. Do you think that Honda will give me a deal on buying it since I doubt they want vehicles sitting on their lots these days? Also, should I deal with them early? Thanks. Replies to this message: mplshondadlr (Nov 01, 2008 10:10 am) kippster (Nov 01, 2008 11:47 am) sorso (Nov 03, 2008 7:18 am)
#341 of 353 Re: Any thoughts? [kippster] by mplshondadlr Nov 01, 2008 (10:10 am)
Replying to: kippster (Oct 31, 2008 4:37 pm) Nope, they wont budge on your agreed buyout price of $20K - regardless of the current market conditions. Replies to this message: kippster (Nov 01, 2008 11:47 am) sorso (Nov 03, 2008 7:18 am)
#342 of 353 Re: Any thoughts? [mplshondadlr] by kippster Nov 01, 2008 (11:47 am)
Replying to: mplshondadlr (Nov 01, 2008 10:10 am) Really...that doesn't seem to make economic sense to me. If they have a used car on their lot that they can't get rid of, as there isn't really great demand for trucks right now, it would seem to me that they would rather have the cash than a used truck they can't sell. Replies to this message: sorso (Nov 03, 2008 7:18 am)
#343 of 353 Re: Any thoughts? [kippster] by sorso Nov 03, 2008 (7:18 am)
Replying to: kippster (Nov 01, 2008 11:47 am) I don't think they will move while the car is still in it's contract. When it's time to turn it, that number is negotiable with most lease company's. It was with my VW Passat leases in the 90's. I would also like to know as well with Ridgeline for sure though.
#344 of 353 Similar Lease Buyout Situation by geoscot Nov 03, 2008 (2:23 pm)
I am in a similar Lease Buyout situation for my 2006 Ridgeline RT. My lease is up in April 2009 and the buyout is $15830. The curent retail value puts it anywhere between 11,800 and 13,800. Getting a break on the buyout price would be a bonus. Has anyone here on-line been successful in a Honda Lease Buyout negotiation?   Any viable input would be greatly appreciated. Replies to this message: greg32926 (Dec 01, 2008 8:21 am) geoscot (Dec 01, 2008 6:27 pm)
#345 of 353 Re: Similar Lease Buyout Situation [geoscot] by greg32926 Dec 01, 2008 (8:21 am)
Replying to: geoscot (Nov 03, 2008 2:23 pm) I am in similar position except I have blown the mileage limit plenty. Several years ago, Toyota gave us a discount when we bought my wife's car at end of lease. I am hoping Honda offers me a discount also, but if they know I have excess mileage - I question they will feel the need to offer me a discount. They are sending paperwork asking for the mileage with 6 months to go. Anyone have any thoughts in avoiding full residual value payement? Replies to this message: geoscot (Dec 01, 2008 6:27 pm)
#346 of 353 Re: Similar Lease Buyout Situation [greg32926] by geoscot Dec 01, 2008 (6:27 pm)
Replying to: greg32926 (Dec 01, 2008 8:21 am) Check out the article on Bankrate.com called "The lowdown on buying your leased car." It is the most comprehensive article that I have found to date. They also address the excess milage issue. Good Luck -Scot

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