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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

What is this discussion about? Honda Element, Car Leasing, Car Buying, Wagon, SUV


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#14 of 30
Re: 2007 EX Lease [Car_man] by travelagent
Jun 12, 2007 (10:55 am)
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Replying to: Car_man (Jun 12, 2007 1:55 am)

Sandals Resorts will pay to have certain vehicles "wrapped" in advertising to promote their resorts and my travel agency. I choose the Honda Element.
 
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
#15 of 30
Re: 2007 EX Lease [travelagent] by Car_man HOST
Jul 19, 2007 (2:29 am)
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Replying to: travelagent (Jun 12, 2007 10:55 am)

Very interesting, travelagent. Thanks for the info.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#16 of 30
Re: 2007 EX Lease [travelagent] by travel2
Jul 23, 2007 (12:32 pm)
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Replying to: travelagent (May 17, 2007 8:33 pm)

I am a also looking to lease an Element to have Sandals wrap it. Im a travel agent in MA. I was quoted 2,000.00 down and 345.00 for 36 mths. I would love to talk to your dealer. Help
 
Travel2
#17 of 30
2008 EX lease by bdwelle
Aug 14, 2007 (9:24 pm)
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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!
#18 of 30
Re: 2008 EX lease [bdwelle] by Car_man HOST
Sep 04, 2007 (1:39 am)
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Replying to: bdwelle (Aug 14, 2007 9:24 pm)

Congratulations on getting your new Element, bdwelle. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride!
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#19 of 30
Dealer Cash available on leases? by darthnascar
Feb 21, 2008 (3:30 pm)
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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.
#20 of 30
Re: Dealer Cash available on leases? [darthnascar] by Car_man HOST
Feb 25, 2008 (2:24 am)
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Replying to: darthnascar (Feb 21, 2008 3:30 pm)

Hi darthnascar. In the past when Honda was not offering a special lease money factor on the Element, one could used the dealer cash to reduce the capitalized cost of their lease. However, Honda has since introduced lease support on the 2008 Element. This lease support is not compatible with the dealer cash that Honda is currently providing on this model.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#21 of 30
Re: Dealer Cash available on leases? [Car_man] by darthnascar
Feb 25, 2008 (8:34 am)
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Replying to: Car_man (Feb 25, 2008 2:24 am)

I got the element for $23,083 including the fee so I got pretty darn close to your recommendation
 
Thanks for your great help Car man.
#22 of 30
Re: Dealer Cash available on leases? [darthnascar] by Car_man HOST
Feb 26, 2008 (2:09 am)
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Replying to: darthnascar (Feb 25, 2008 8:34 am)

That's great, darthnascar. Congratulations on getting a good deal on your new truck. Enjoy .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#23 of 30
Re: Dealer Cash available on leases? [Car_man] by azbriank
May 28, 2008 (8:12 am)
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Replying to: Car_man (Feb 26, 2008 2:09 am)

Any new Element Lease info for May/June?

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