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Honda Pilot: Lease Questions

2588 messages,  Last post on Nov 22, 2009 at 6:04 PM

You are in the Honda Pilot Forum. Your Hosts are steve_ & tidester

What is this discussion about? Honda Pilot, Car Leasing, SUV


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#2561 of 2588
Re: Honda Pilot Money Factors and Residuals [rwright1977] by Car_man HOST
Sep 30, 2009 (2:11 am)
Reply

Replying to: rwright1977 (Sep 16, 2009 6:41 am)

Welcome back rwright1977. You can include the Pilot in the list of vehicles that have unattractive lease program available on them right now.
 
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Pilot Touring 4WD without the Entertainment System with Navigation and 12,000 miles per year are .00285 and 49%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
The numbers for an otherwise identical lease of an '09 model are .00285 and 42%.
 
Honda is not currently providing any cash incentives on the 2010 Pilot, but it does have $1,250 on the '09 model that is compatible with the above lease program.
 
 Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2562 of 2588
Re: 2010 EX-L August Lease Numbers Please [tex18] by Car_man HOST
Sep 30, 2009 (2:16 am)
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Replying to: tex18 (Sep 16, 2009 6:45 am)

Hey tex18. It's difficult to say. I was somewhat surprised when Honda pulled the plug on its lease support for Pilots several months ago. It has stuck to its guns and not brought it back. I'm sure that it has something to do with its production of this truck. I haven't looked at the numbers, but I suspect that Honda slashed its production of Pilots to a level that is more in line with its natural demand without incentives.
 
I've always liked the Pilot, though not as much since its latest redesign (it's a little to big and funky on the inside for my taste), but I would never ever consider getting one over a similar truck that had a much higher level of support available on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2563 of 2588
Re: Honda Pilot Money Factors and Residuals [Car_man] by rwright1977
Sep 30, 2009 (10:33 am)
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Replying to: Car_man (Sep 30, 2009 2:11 am)

Thanks, again, Car_Man.
 
Given this information I think we are going to look elsewhere....perhaps an MDX or even the Highlander. Given the full capitalization of sales tax in Illinois, a lease payment in the $750/month range makes absolutely no sense to me for a Pilot. Thanks.
#2564 of 2588
Re: Honda Pilot Money Factors and Residuals [rwright1977] by Car_man HOST
Oct 02, 2009 (2:41 am)
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Replying to: rwright1977 (Sep 30, 2009 10:33 am)

No problem rwright1977. HA, $750 per month for a Honda Pilot is absolutely nuts.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2565 of 2588
MAZDA CX9 by rallystar1
Oct 02, 2009 (6:21 am)
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After extending the lease on my 2006 Pilot twice in hopes that Honda will come out with a good program; I finally gave up and looked elsewhere. i loved the Pilot and wanted to get another one but like carman has said the money factor and lack of support made it an impossible to lease it at a sane price. I shopped around and saw the Highlander, Various GMC trucks, jeep, Pathfinder and Mazda CX9.
the best value in terms of price, support and build quality was the CX9. Mazda is giving a great factor 0.00059 and good support. I was able to get a loaded car for far less than what you would pay for a base LX Pilot. Mazda is blowing out the 2009 models. You need to check out the CX-9.
#2566 of 2588
Re: MAZDA CX9 [rallystar1] by AXM23
Oct 02, 2009 (8:35 pm)
Reply

Replying to: rallystar1 (Oct 02, 2009 6:21 am)

Did you lease or buy your CX-9? And was it the GT? If you got a great deal please post the numbers.
 
Thanks
#2567 of 2588
Re: MAZDA CX9 [AXM23] by rallystar1
Oct 03, 2009 (5:47 am)
Reply

Replying to: AXM23 (Oct 02, 2009 8:35 pm)

I leased the vehicle. It was the Touring, not GT. The MSRP was $33865. After Mazda lease cash back and nego with the dealer; the final cost was $27000 & change. I put down $3000 and with the money factor .00059 the monthly comes to $368 & change. The car is loaded and is AWD. The AWD models have a better residual set than the FWD so eventhough the price on the FWD is lesser the lease works better on the AWD. If you are looking to buy; you will get a even better price as Mazda is offering nice cash back. The price the dealer gave with out any nego on the purchase of Touring AWD was $24000 & change. You can easily shave off another $1000 off that.
#2568 of 2588
2005 Honda Pilot EX Lease Return Concerns by jet757f
Oct 29, 2009 (5:55 pm)
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I have a 2005 Honda Pilot EX that I leased at the end of 2004 for 30 months.
At the end of the lease I extended it for another 2 years which actually goes month by month. I am having financial case flow problems where the lease payment of $360.00 per month is difficult to pay. Im thinking of turning in the Pilot to the Honda dealer and ending the lease.
I have some questions concerns so that I dont get blindsighted with extra charges.
1. First problem is that Im over around 20,000 miles. I know they will charge me for this.
2. I installed an aftermarket DVD/Nav system. SHould I pull this out and install the stock system? Also there is an overhead screen that might leave marks if I take it down........should I leave it?
3. Small crack in the windshield.........should I get one of those windshield repair companies to fix it?
Not sure if the damage deductible will cover any of this.
 
Also just wondering if I bought a lesser price used car from them if they would be able to absorb some of the possible charges into the sale of a used car?
 
I would appreciate any help or advice on this. I have never had to turn in a lease car before so not sure what to expect.
 
Thanks
#2569 of 2588
Re: 2005 Honda Pilot EX Lease Return Concerns [jet757f] by rallystar1
Oct 29, 2009 (6:33 pm)
Reply

Replying to: jet757f (Oct 29, 2009 5:55 pm)

1. You will get charged, I think 0.20/mile. The mileage is prorated for your extension. You can negotiate a bit on the final price they give you. I have done it and got it reduced by $200.
2. Remove the after market DVD/screen. The car should be in OEM condition. Honda will charge you for removing the DVD and restoring it to original condition.Small scuffs and marks are OK.
3. If the crack is too small leave it. Get the inspection done and then see how much the total comes up to. Honda gives you up to $1500 towards wear and tear, so if the total minor repairs total to less than 1500 you dont have to pay anything.
 
see the buy out on the Pilot, it might be cheaper to just buy it out. If not anything could be worked out with a dealer He will just rool over what you own on this car for mileage on to the used car loan.
 
Best of luck.
#2570 of 2588
Re: 2005 Honda Pilot EX Lease Return Concerns [rallystar1] by jet757f
Oct 29, 2009 (7:04 pm)
Reply

Replying to: rallystar1 (Oct 29, 2009 6:33 pm)

Thanks for the info.
 
My big concern with the overhead screen is that there may be holes where they mounted it. Not sure if some plastic plugs will cover them.

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