Last post on Oct 23, 2012 at 3:38 PM
You are in the Honda Ridgeline
What is this discussion about?
Honda Ridgeline, Car Leasing, Truck
#328 of 364 Re: Is this lease a good deal? [pcantore]
Jul 17, 2008 (12:16 pm)
I just leased a RTS for $214 mo total with taxes for 36mo with $1000 out of pocket. Great deal I thought.
#329 of 364 RTS Lease - Cuppy1
Jul 17, 2008 (12:25 pm)
Hey Cuppy.... sounds like a great deal! $214 includes taxes every month? How many miles per year do you get? Where do you live? WHat dealer? Did you get any quotes on RTL's?
All info is truly appreciated!
#330 of 364 Re: RTS Lease - Cuppy1 [hkings]
Jul 18, 2008 (6:46 am)
Yep, taxes included. I've been leasing cars since 1998 and this is by far the best lease deal I've ever seen. I was actually looking at the RT that was advertised for $239/mo plus tax with $1999. due at signing and I couldn't believe it when they said they had a special on the RTS for $199. I live in PA and the dealer is Bobby Rahal Honda in Mechanicsburg PA. It's 12,000 miles a year. I tried to get 10,000 miles because I don't drive much but they could only do12.
#331 of 364 Re: RTS Lease - Cuppy1 [cuppy1]
Jul 18, 2008 (5:27 pm)
Cuppy1 - are you the "candyman" on the ROC forum? The deals sound so similar. Hope others get a deal like you found.
#332 of 364 Re: RTS Lease - Cuppy1 [sparkland]
Jul 19, 2008 (6:19 am)
Yep, thats me.
#333 of 364 Re: RTS Lease - Cuppy1 [cuppy1]
Jul 19, 2008 (3:21 pm)
what were the details on this lease? cap cost? adjusted cap cost? resid value? money factor? im working a 36 month lease on an rtx with 12k at 1500 down and 268 with tax i thought that was good but iwas wonder the details of your
#335 of 364 Re: RTS Lease - Cuppy1 [campbellt3]
Jul 20, 2008 (6:15 am)
Gross cap cost, 21582. Cap cost reduction, 637. Adjusted cap cost, 20945. Residual, 16461. Money factor, 0.0019 (4.7%)
#336 of 364 Re: RTS Lease - Cuppy1 [cuppy1]
Jul 25, 2008 (5:37 pm)
"I strongly suspect that consumer auto leases (at least those sponsored by the auto manufacturers) will be history by the end of the year.
Chrysler has already announced that they will exit the lease business on August 1st. Cerberus Capital not only owns Chrysler and Chrysler Financial but controlling interest in GMAC as well. So I suspect GM will follow shortly.
Ford took a $2.1 billion charge for the quarter due to falling lease residual values.
Honda just released their first quarter financial report and noted that they expect falling lease residual values in the USA to cut their operating profit by $231 million. Just look at the residual calculations on 2006 Ridgeline's as an example of how wildly they miscalculated.
I believe the manufacturer sponsored consumer lease will soon be history. Only time will tell."
This information was quoted from "Joe" on the ROC forum.
#337 of 364 Ridgelines RTS Lease Offer Comparison
Aug 01, 2008 (5:09 am)
Just for comparison information for everyone, I am considering a Ridgeline RTS lease and got the following first offer from a dealer in southern New Jersey. The numbers don't exactly add up (eg, sales tax), but even so, it represents very aggressive sales price discount from MSRP, I thought. This being the first offer, I would next go in with further reduced selling price counter offer, but I have no idea if they'd hold firm on it.
1. MSRP = $31,095.00
2. Selling price = $24,723.00
3. AHFC acquisition fee = $595.00
4. Capital cost reduction = $2,500.00
5. Any dealer doc fees = $224.00
6. Any other dealer add on = $795.00 (SIDE STEPS)
7. Residual $ value after 36 months = $16,480.35 (12k a year)
8. Money factor for 36 months = .00194
9. Registration cost (for 3 years in NJ) = $284.00
10. Sales taxes = $930.70
11. Monthly lease payment = $302.00