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Prices Paid: Buying & Leasing Experiences Honda Element Lease Questions
30 messages, Last post on Sep 08, 2008 at 2:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: theomegaman (Mar 30, 2007 4:35 pm) Honda is not currently providing any lease support on the 2007 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 lease money factor and residual value for a 36 month lease of a 2007 Element EX 2WD with 15,000 miles per year are .00280 and 53%, respectively for consumers who pay a security deposit at lease signing and qualify for its "Super Preferred" credit tier. Even though Honda is not providing any lease support on the '07 Element this month, you're in luck because for April it introduced a new $500 dealer cash incentive on it. Make sure to take this cash into account when negotiating your truck's selling price. Car_man Host Prices Paid Forum |
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We just(4/26/07) leased a 2007 2WD EX Element with only a cargo cover and cargo net as options. It comes pretty well equipped. We paid $464 down/tags/first month with a $264 monthly payment on a 36 month 12k mile/year lease. Residual is $12,267 We are participating in a program with Sandals Resorts who "wrapped" our Element for travel advertising. Travelagent |
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Replying to: travelagent (May 17, 2007 8:33 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Jun 12, 2007 1:55 am) After 3 years, Sandals will also contribute to paying the residual. In the meantime, it should increase sales for both of us. It is very attractive and I've fielded questions everywhere I've gone so far. You can see my Element here http://vacationatsandals.com/Element.htm
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Replying to: travelagent (Jun 12, 2007 10:55 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: travelagent (May 17, 2007 8:33 pm) Travel2 |
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I just leased a 2008 EX AWD in the SF Bay Area. I paid $369 over invoice + $640 lease acquistion + doc fees, 36 mo lease  0.00300 money factor (7.20%) w/ residual calculated at 61% (wow!). I could have gotten invoice but was feeling nice (i.e. like a sucker). Also maybe could have gotten a bit lower for an 2007, but check that residual % - that's increased for the 2008's vs 2007's. PS - I *love* the car!
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Replying to: bdwelle (Aug 14, 2007 9:24 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I am being told by a salesperson that he cannot offer dealer cash on a lease, however, I see that in this forum you are advising to go after that cash with a lease. Is the sales person trying to snowball me? I offered $21,600 but he will only give me this price on a purchase, otherwise it will be $1,000 more to lease (the dealer cash amount). He also said that the $499 "Customer Service fee" is not negotiable. I understand why they have the fee in place but do you think if they want the sale bad enough that they would discount or forgive this fee? One last item - I have offered $21,600 for the '08 SC. I found out this is about $341 more than Consumer Reports says is the "bottom dollar price" should I beat up the sales guy a little more over $349 or is $21,600 a good price? Thanks for your time.
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Replying to: darthnascar (Feb 21, 2008 3:30 pm) So the dealer was telling the truth about the dealer cash, however the $499 "customer service fee" is another matter. It is nothing more than a way for the dealer to add hidden profit to your deal. Make sure to look at it as part of your Element's selling price. If you feel as though the price that you are being offered on the element that you want, including the $499 fee is too high, comparison shop with a few other dealers in your area and see if you can get a lower total price for the truck that you want. I am personally not all that familiar with what the market is like for the Honda Element right now. If I was trying to lease one, I personally would offer $500 over dealer invoice including the $499 "customer service fee" and see what happens. The dealer invoice price of a 2008 Element SC with an automatic transmission is $22,559. $500 over this is $23,059 including the $499 fee. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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