Last post on Mar 07, 2011 at 4:43 PM
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Honda Element, Car Leasing, Car Buying, Wagon, SUV
#1 of 37 Honda Element: Lease Questions
by kyfdx@Edmunds HOST
Aug 03, 2006 (6:31 pm)
Ask your Element lease questions here!
#2 of 37 Lease numbers for '06 EX-P
Aug 03, 2006 (10:34 pm)
I'll need MF & Residual for...
36 / 12K year
Thanks in advance!
#3 of 37 Re: Lease numbers for '06 EX-P [theomegaman]
Aug 06, 2006 (4:18 am)
Greetings theomegaman. Here is the information that you are looking for. Honda is not currently providing any sort of lease support on the 2006 Element. As a result, if you were to lease one through Honda Finance right now, you would have to use its standard lease program. Honda Finance's current buy rate standard lease money factor for 36 month terms is .00293 for consumers who pay a security deposit and qualify for its "Super Preferred" credit tier. Its 36 month, 12,000 mile per year residual value for the 2006 Element EX 4WD is 56%. When negotiating your lease on this truck, make sure to take the $500 dealer cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your truck.
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#4 of 37 Re: Lease numbers for '06 EX-P [Car_man]
Aug 08, 2006 (1:11 pm)
#5 of 37 Re: Lease numbers for '06 EX-P [theomegaman]
Aug 27, 2006 (5:09 am)
No problem, theomegaman.
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#6 of 37 Element v. Pilot Lease
Oct 28, 2006 (10:45 am)
I'm looking at leasing either a Honda Pilot LX 2WD or Element LX. The Pilot currently has a subsized lease rate of 2.3%, but I don't know what the residual value is. Also, I haven't found a lease rate or residual value for the Element. Do you happen to have those figures? Your help is greatly appreciated!
#7 of 37 Re: Element v. Pilot Lease [brit527]
Nov 05, 2006 (12:25 pm)
Hi brit527. These trucks' lease programs vary depending upon how long you lease them for and what mileage allowance you need. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Pilot LX 2WD with 15,000 miles per year are .00097 and 53%, respectively. The numbers for an otherwise identical lease of a 2007 Element LX 2WD are .00280 and 55%.
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#8 of 37 Lease Confusion
Nov 27, 2006 (6:32 pm)
I need some help and advice ASAP please! I am shopping for a '07 Element EX AWD and am confused on the leasing data. What I've been quoted from a local dealer is a 36/12000 lease for $22000 with a money factor of .0029 and 59% residual. Zero down translates to their payment of $400. This seems very high to me -can you shed some light on this? What should a reasonable lease payment be for this Element?
#9 of 37 Honda Element Lease-end inspection hassle
Dec 28, 2006 (12:48 pm)
The 3 year lease on our Element expires in February. Honda's options at the end of lease are very flexible: buy, turn-in, or re-lease.
We decided to have the Element inspected to see if we have any major issues (none expected) so that we could factor that into our thinking.
We called Honda Finance to schedule the inspection. Honda Finance contracts this out to an outfit named SGS Automotive (the worlds largest inspection company based in Geneva Switzerland and here in he US in NJ).
Surprisingly SGS only offers you a 4 - 5 hour window for the inspection at your home or office on only one day during the week. You can't get it inspected back at the original dealership, nor can you go somewhere else to meet an inspector at an appointed time. So I had to take a slot on a Thursday afternoon 12 - 5.
This is a very un-customer friendly system particularly since the inspection lasts 30 mutes or less (SGS told me they do 15 per day). I tried to get SGS to schedule it at my dealer and could only get a Tuesday morning 8 - 12.
There was nothing in any of the material from Honda or from our dealer, Boch Honda in Norwood, MA that indicated that the inspection required you to sit around for 4 - 5 hours waiting for someone to come do 30 minutes of walk around a car class work.
This is a very aggravating end to an otherwise very nice automotive experience.
Mar 30, 2007 (4:35 pm)
Hi CarMan.....I'm back...8 months after my initial Honda Element Leasing query. Only 9 posts on this board asking questions about leasing an Element? I guess everybody's buying, nobody's leasing. Well to my point, the '07 EX 2wd is on the table to lease for my wife. we'd like to move on it within 2 weeks. I'm looking at
'07 EX / 2WD
3 / 15,000 mile Lease
Tier 1 credit
What can you tell me about money factor and residuals on these.
Thanks in advance.....