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Honda Element Lease Questions

37 messages,  Last post on Mar 07, 2011 at 5:43 PM

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

Messages Page 4 of 4

#28 of 37 Re: Dealer Cash available on leases? [Car_man] by cscds

Sep 01, 2008 (3:59 pm)

Replying to: Car_man (Jun 06, 2008 3:14 am)
Car_man, Hi!
Are these dealer cash incentives still available for Sep 08 for a 08 Honda Element EX/LX 4WD? Debating between leasing and financing.
 
NJ Quote for EX 4WD Automatic Transmission $20,566
NJ Quote for LX 4WD Automatic Transmission $18,448
 
NY Quote for EX 4WD Automatic Transmission $20,995
NY Quote for LX 4WD Automatic Transmission $19,795
 
I live in NY and have received these internet discounted above prices. My question is about these additional fees are they valid?
Destination Fee $670
Documentation Fee $199 to $349
NJ Tire Tax $7.50
 
Cynthia Dell

#29 of 37 Re: Dealer Cash available on leases? [cscds] by Car_man HOST

Sep 08, 2008 (3:08 am)

Replying to: cscds (Sep 01, 2008 3:59 pm)
Hey Cynthia. Yep, Honda is still providing the same dealer cash on the 2008 Element. The destination fee is legit. It is essentially part of vehicles' prices and every consumer has to pay it. The tire tax is legit as well. The doc fee is a different story though. While most dealers charge consumers some sort of doc fee, it really isn't much more than a way for them to add additional profit to deals. Make sure to look at the prices that you were quoted for the Element that you want, including the doc fee. If you believe that the total price that you were given is more than you would be able to get this truck for elsewhere, then shop around.
 
If I was in the market for an '08 Element, I personally would shoot for a selling price of slightly over dealer invoice, including the doc fee and have the dealer subtract the dealer cash from that. For additional feedback on Element pricing, try hopping on over to the "Honda Element Prices Paid and Buying Experience" discussion.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#31 of 37 2010 Element EX 2WD Dec Lease Rate by joepo

Dec 21, 2009 (10:57 am)

Hi, Car_man - can you please provide the Dec lease rates on a 2010 Element EX 2WD with MSRP $23,345 at 12K miles, 36 months. Is Honda providing any lease support?
  
Thanks,
Joseph

#32 of 37 Negotiating the Residual by travelagent

Dec 21, 2009 (6:17 pm)

My lease will be up shortly and I am interested in buying my Element. I think I got a good deal when I leased it, but, figured if I can improve it, I would try. I received a letter from Honda saying they don't negotiate the purchase price when the lease ends. Is that true? I figured everything is negotiable.

#33 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [joepo] by Car_man HOST

Jan 11, 2010 (4:07 am)

Replying to: joepo (Dec 21, 2009 10:57 am)
Hi Joseph. Honda is not currently providing any sort of support on the 2010 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 standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX 2WD with 12,000 miles per year are 00260 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#34 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [Car_man] by ryanfgrant1

Feb 26, 2011 (9:14 am)

Replying to: Car_man (Jan 11, 2010 4:07 am)
Hello. Car_man, can you explain what this means? "Honda Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX 2WD with 12,000 miles per year are 00260 and 58" I am looking into leasing a '11 Honda Element and I don't see any advertised specials. How would I use those numbers to calculate a lease payment?

#35 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [Car_man] by cscds

Mar 02, 2011 (10:02 am)

Replying to: Car_man (Jan 11, 2010 4:07 am)
Car_man, Hi!
Any sort of support on the 2010 Element or 2011 Element....or just a standard lease program through Honda Finance right now.
  
What would be Honda Finance's current standard buy rate lease money factor and residual value for a 36 month lease of a 2010 Element EX AWD or 2011 Element EX AWD?
 
Regards,
Cynthia

#36 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [ryanfgrant1] by Car_man HOST

Mar 07, 2011 (5:40 pm)

Replying to: ryanfgrant1 (Feb 26, 2011 9:14 am)
Hi ryanfgrant1. A vehicle's money factor and residual value are used in conjunction with its MSRP and selling price to calculate lease payments. The following article explains how to use these numbers to work up a payment: Calculate Your Own Lease Payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#37 of 37 Re: 2010 Element EX 2WD Dec Lease Rate [cscds] by Car_man HOST

Mar 07, 2011 (5:43 pm)

Replying to: cscds (Mar 02, 2011 10:02 am)
Hi Cynthia. Honda is not currently providing any lease support on the Element. As you mentioned, this means that if you were to lease one through Honda Finance, 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 2011 Element EX AWD with 15,000 miles per year are .00200 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
The numbers for an otherwise identical lease of a 2010 model are .00200 and 52%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 4 of 4

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