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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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#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
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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
#311 of 353
Re: Money factors and residuals Carman? [aspesisteve] by hkings
Jun 05, 2008 (7:08 am)
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Replying to: aspesisteve (Jun 04, 2008 7:08 pm)

Hey Aspesisteve,
 
The numbers I got were for a 2008 RTL with a Roof Rack:
 
$335 a month (plus tax) with 15K miles a year, for 3 years, with only $700 down total drive off.
 
They were basically quoting me $25K on the negotiated sale price based on those numbers.... which means they were indeed coming down $4000 under invoice on a lease. They said money factor was .02 something, and residual was about 53%.
#312 of 353
Re: Money factors and residuals Carman? [hkings] by aspesisteve
Jun 05, 2008 (12:21 pm)
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Replying to: hkings (Jun 05, 2008 7:08 am)

hkings,
 
that sounds like a pretty good deal to me.
 
did that quote take much effort to get? Did you have to meet in person or get it through the internet?
#313 of 353
Re: Money factors and residuals Carman? [aspesisteve] by hkings
Jun 05, 2008 (12:32 pm)
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Replying to: aspesisteve (Jun 05, 2008 12:21 pm)

I contacted quite a few dealers... all quotes I received via email and or phone... 3 dealers said they would all do that price.
 
My dilemma is this, I own a 2005 Nissan Frontier LE Loaded 4x4 with 60K miles on it. I actually love the truck, but just not thrilled with Nissan in general. Was looking to moving into more refined and safer Ridgeline. Plus I like Honda better in general. Just not sure if it's worth leasing or not. I owe about $9500 on my truck, (plus $11K in other credit card debts) but I can sell it for close to $22K or $23K. Just wondering if I should get out now, pay all of my debts, and just lease for 3 years and hopefully wait for more fuel effiecnt trucks to hit the market. My feeling is gas will only get worse, and value of my truck will take even bigger hits as the years go by. Other thing I was debating was just to buy a used Ridgeline for 15-18K. Anya nd all info is truly appreciated!
 
Any thoughts?

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