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Honda Element Lease Questions

28 messages,  Last post on Sep 01, 2008 at 3:59 PM

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

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#3 of 28 Re: Lease numbers for '06 EX-P [theomegaman] by Car_man HOST Aug 06, 2006 (5:18 am)
Replying to: theomegaman (Aug 03, 2006 11:34 pm) 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.   Car_man Host Prices Paid Forum Replies to this message: theomegaman (Aug 08, 2006 2:11 pm) Car_man (Aug 27, 2006 6:09 am)
#4 of 28 Re: Lease numbers for '06 EX-P [Car_man] by theomegaman Aug 08, 2006 (2:11 pm)
Replying to: Car_man (Aug 06, 2006 5:18 am) 56%......ouch   Thanks car_man Replies to this message: Car_man (Aug 27, 2006 6:09 am)
#5 of 28 Re: Lease numbers for '06 EX-P [theomegaman] by Car_man HOST Aug 27, 2006 (6:09 am)
Replying to: theomegaman (Aug 08, 2006 2:11 pm) No problem, theomegaman.   Car_man Host Prices Paid Forum
#6 of 28 Element v. Pilot Lease by brit527 Oct 28, 2006 (11:45 am)
Carman,   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! Replies to this message: Car_man (Nov 05, 2006 1:25 pm)
#7 of 28 Re: Element v. Pilot Lease [brit527] by Car_man HOST Nov 05, 2006 (1:25 pm)
Replying to: brit527 (Oct 28, 2006 11:45 am) 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%.   Car_man Host Prices Paid Forum
#8 of 28 Lease Confusion by morrowsaz Nov 27, 2006 (7:32 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 28 Honda Element Lease-end inspection hassle by greenbelt Dec 28, 2006 (1:48 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.
#10 of 28 Leasing Update by theomegaman Mar 30, 2007 (5:35 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 MSRP: 23,492.00 3 / 15,000 mile Lease Tier 1 credit   What can you tell me about money factor and residuals on these.   Thanks in advance.....   The Omegaman Replies to this message: Car_man (Apr 04, 2007 3:53 am)
#11 of 28 Re: Leasing Update [theomegaman] by Car_man HOST Apr 04, 2007 (3:53 am)
Replying to: theomegaman (Mar 30, 2007 5:35 pm) Welcome back Omegaman. Yeah the Element lease discussion doesn't get nearly as much traffic as some of the other Honda leasing discussions do. I guess that consumers aren't all that interested in leasing it. It sells a lot fewer Elements than it does other models. Honda only sold 3,741 Elements in March, versus 36,506 Accords, 29,721 Civics, 19,658 CR-Vs, 14,339 Pilots...you get the idea.   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
#12 of 28 2007 EX Lease by travelagent May 17, 2007 (9:33 pm)
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 Replies to this message: Car_man (Jun 12, 2007 2:55 am) travelagent (Jun 12, 2007 11:55 am) Car_man (Jul 19, 2007 3:29 am) travel2 (Jul 23, 2007 1:32 pm)

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