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Honda Ridgeline Lease Questions

364 messages,  Last post on Oct 23, 2012 at 3:38 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 8 of 37

#65 of 364 Re: Honda Ridgeline Lease Numbers [1bigdawgfan] by Car_man HOST

Nov 27, 2005 (9:13 am)

Replying to: 1bigdawgfan (Nov 09, 2005 11:15 am)
Yes, 1bigdawgfan, Honda Finance's residual values for the Ridgeline vary by model. The .00040 money factor that you have seen is correct for a 2006 Ridgeline leased through Honda Finance in November for consumers who qualify for its top credit tier and pay a security deposit. The dealer that you spoke with quoted you the correct factor for a Ridgeline leased right now with the security deposit waived.
 
Car_man
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#66 of 364 Re: Leasing a Ridgeline w.Accessories [chilly4] by Car_man HOST

Nov 27, 2005 (9:17 am)

Replying to: chilly4 (Nov 13, 2005 7:43 pm)
Hi chilly4. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
You really need to know the full MSRP and selling price of the Ridgeline that you are interested in to be able to tell how good a deal you are getting on it. If you tell me these numbers, I will give you my opinion on the price that you are being given and can use Honda Finance's actual lease program to estimate what your monthly payment should be.
 
It is very possible that Honda Finance does not allow the residualization of dealer installed options. If that is the case, then any that you have added to your truck would have to be paid for in full over the course of your lease.
 
Car_man
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#67 of 364 Re: Honda Leadership Purchase vs. Lease [dblasi] by Car_man HOST

Nov 27, 2005 (9:21 am)

Replying to: dblasi (Nov 15, 2005 10:32 am)
Hello dblasi. I believe that Honda Finance's Leadership Purchase plan is another name for a balloon note program. Balloon notes are very similar to leases in that they provide consumers with lower monthly payments than a traditional loan would and give them the option to purchase their vehicle at the end of a specific period of time. The main difference with balloon notes and leases is that with leases the bank's name is on your vehicle's title, while with balloon notes yours is. In a few states, balloon notes are popular because the way that the tax laws work consumers have to pay less sales tax on them than leases. Still, overall balloon notes are much less popular than leases. Like with leases and regular finance contracts, the selling prices of vehicles that consumers get balloon notes on are negotiable.
 
Car_man
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#68 of 364 Re: 2006 Ridgeline A/T Lease for $219 [europ91] by Car_man HOST

Nov 27, 2005 (9:24 am)

Replying to: europ91 (Nov 16, 2005 1:30 pm)
Europ91, Honda now has a 2WD Pilot, but there is no 2WD Ridgeline. Perhaps oldjoe is mixing these two trucks up. By "TV lease" I suspect that he meant that he saw a television advertisement that mentioned a lease payment.
 
Car_man
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#69 of 364 honda ridgeline lease by hrt

Nov 27, 2005 (1:19 pm)

Ok car man, I'm ready for your advice---Looking to own Ridgeline eventually---Qualify for Hondas best finance programs. Lease quote for RTL/navi/moonroof w/options ($6,316)---$37,529 cap. cost--31,213 s/p--35,190 msrp--residual 3/36/12k miles is $19,706.Payment quoted $540mo. plus tax.Money factor is .0050 w/no security deposit and drive off of $1,035. How do I improve this deal? Seems options really run up pmt.--Thanks for your help

#70 of 364 Honda Ridgeline RTL lease by northsea

Nov 28, 2005 (8:48 pm)

Thanks for all the posts. They were great information for making sure I was getting a good deal on my new Ridgeline. With a little back and fourth with the dealer, drove away with my new Amazon green RTL (no moonroof or navigation) for $316 per month on 42 mo lease. 15K miles. Selling price of $29,800. Drive off was just under 1,500. money factor at .0004
 
I have seen a few deals here a bit lower, but happy with what I got. 33K car for just over 300 a month.

#71 of 364 Re: Honda Ridgeline RTL lease [northsea] by sparky11

Nov 29, 2005 (7:48 pm)

Replying to: northsea (Nov 28, 2005 8:48 pm)
I just got an offer on an RTL with an MSRP 32K (they used this figure to calculate payments monthly payments) with a money factor of .0005, $200 out the door with a payment of $355 (before tax) on a 42 month 12k miles. The residual value is $17301 (54%). I asked about a purchase price and was offered $28,877 (invoice price). My credit is excellent (although they didn't check it).
 
Using the 54% residual value and the lower purchase price of $28,877 I get a monthly payment of about $324 (I didn't include the money factor because I'm not sure what it means), not the $355. I am seeing deals for 15K miles for less. What is the best way to proceed?

#72 of 364 Completely confused about a Ridgeline lease by 22350

Dec 09, 2005 (11:59 am)

ok,
 
this is where i am at:
 
there is a Honda Ridgeline RTL. the car suggested reatail was approx. 32500. i explained that i didn't want to pay more than the 27800 listed on cars direct.
 
I have 4000 dollars left in payments on my jaguar.
 
the offer that they have made is:
 
42 month lease with 2000 dollars down, rolling in my remaining payments on the jaguar, for a total of 366 a month (no tax)
 
i am not sure if this is a good deal.
 
not sure what the residual is, but will check
 
Car_Man?? Help

#73 of 364 update to completely confused by 22350

Dec 09, 2005 (12:21 pm)

it turns out they are selling me the RTL for 28900.
 
money factor of .00055
 
residual of 54% at 17301
 
4000 rolled in
 
2000 down
 
total 366 a month + tax =396 total
 
sounds good

#74 of 364 Re: Honda Ridgeline RTL lease [sparky11] by 22350

Dec 09, 2005 (12:37 pm)

Replying to: sparky11 (Nov 29, 2005 7:48 pm)
strange, with the same calculation and an extra 2000 bucks thrown into the mix. they are quoting 366. sounds like your dealer is switching.

Messages Page 8 of 37

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