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2014 Honda Pilot Lease Questions

13

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  • lbr2lbr2 Posts: 2

    I am interested in a 36-month, 12K/yr lease for the 2014 Honda Pilot EX-L SUV FWD. Can you please provide the residual and money factor?

    Thanks!

  • kyfdxkyfdx Posts: 28,029

    @swigger said: Can you please tell me the April money factor & residual on the 2014 Pilot EX 4WD & EX-L 4WD, 12k/year, 36 month lease? Thanks in advance!

    .00109 MF and 58% residual for the EX. $750 lease cash.

    .00109 MF and 56% residual for the EX-L. $1500 lease cash.

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  • kyfdxkyfdx Posts: 28,029

    @lbr2 said: I am interested in a 36-month, 12K/yr lease for the 2014 Honda Pilot EX-L SUV FWD. Can you please provide the residual and money factor?

    Thanks!

    .00109 MF and 58% residual. $1500 lease cash.

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  • stylinhondastylinhonda Posts: 2

    Any info on the Touring Edition for 2014 right now? Lowest mileage lease?

  • kyfdxkyfdx Posts: 28,029

    @stylinhonda said: Any info on the Touring Edition for 2014 right now? Lowest mileage lease?

    .00109 MF and 52% residual for 36mo, 12K/yr. for AWD. 54% for FWD

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  • jpb302jpb302 Posts: 2

    Hi, looking to lease 2014 EX-L. Can anyone provide the money factor and residual for 15K/year lease for 36 mo and if the is any customer/dealer cash? Thanks.

  • MichaellMichaell ColoradoPosts: 3,788

    @jpb302 said: Hi, looking to lease 2014 EX-L. Can anyone provide the money factor and residual for 15K/year lease for 36 mo and if the is any customer/dealer cash? Thanks.

    2WD - 56%

    4WD - 54%

    .00109 MF and $1500 lease cash for both.

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  • jpb302jpb302 Posts: 2

    Thanks. Is the $1,500 dealer cash or customer cash?

  • kyfdxkyfdx Posts: 28,029

    @jpb302 said: Thanks. Is the $1,500 dealer cash or customer cash?

    It's technically dealer cash.

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  • vrsantanavrsantana Central FloridaPosts: 4

    So did the money factor go down on the 2014 EX 2WD lease? Last I checked it was .00109. I was going to go lease one this weekend, but if I can wait until there is a better money factor in anticipation of the 2015 model, then I would wait. Any news or info would help tremendously.

  • MichaellMichaell ColoradoPosts: 3,788

    @vrsantana said: So did the money factor go down on the 2014 EX 2WD lease? Last I checked it was .00109. I was going to go lease one this weekend, but if I can wait until there is a better money factor in anticipation of the 2015 model, then I would wait. Any news or info would help tremendously.

    There is no way to predict what will happen to MF and residuals from month to month. It is a gamble to wait for a better deal.

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  • scsimpsonscsimpson Posts: 2

    I asked a Honda salesman about the $1500 lease bonus cash and he said it was only to offset any penalties for early termination of a previous lease if I wanted to get into another Honda lease before my current lease expired. It doesn't pass the smell test with me that they'd call it lease bonus cash if it was only for early termination of a previous lease? Seems to me it's cash they can use for multiple purposes including putting in their pockets if a prospective leasee didn't know about it?

  • MichaellMichaell ColoradoPosts: 3,788

    @scsimpson said: I asked a Honda salesman about the $1500 lease bonus cash and he said it was only to offset any penalties for early termination of a previous lease if I wanted to get into another Honda lease before my current lease expired. It doesn't pass the smell test with me that they'd call it lease bonus cash if it was only for early termination of a previous lease? Seems to me it's cash they can use for multiple purposes including putting in their pockets if a prospective leasee didn't know about it?

    I agree. Pilot has $750 lease cash for LX and EX trim levels, $1500 for EX-L and higher.

    Time to talk to a different Honda dealer.

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  • scsimpsonscsimpson Posts: 2

    Is it common to negotiate the price for prepaid miles at signing? This will be my 5th lease and I'm looking at another 12K miles/year lease and it would be nice to have a few thousand extra miles to play with. The dealership says their prepaid miles on the Pilot EXL are $.20/mile making 3000 miles cost $600. Was wondering if its common to negotiate that price down by at least half?

  • kyfdxkyfdx Posts: 28,029

    The mileage charge is set by the leasing bank. There is no negotiation on that.

    You can move up to 15K/yr for a 2% reduction in residual. On a $35K vehicle that adds a little less than $700 to your lease payment for an extra 9000 miles... If you want extra miles, I'd just ask for the 15K/yr lease.

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  • pilotleasepilotlease Posts: 6

    Hi all

    I am interested in leasing a 2014 EX-L. The MSRP is $36k. The current honda lease offer is $309/month with $3500 down. Looking at the fine print; I see this

    "MSRP $36,000.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $29,778.75. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,124.00. Option to purchase at lease end $20,520.00. "

    I am confused about the 'net cap cost 29,778'. If I take the MSRP (36k) and subtract the $3500 down; I get $32,500. I still can't figure out where they got the $29,778 figure. Can someone explain this to me please?

  • kyfdxkyfdx Posts: 28,029

    @pilotlease said: Hi all

    I am interested in leasing a 2014 EX-L. The MSRP is $36k. The current honda lease offer is $309/month with $3500 down. Looking at the fine print; I see this

    "MSRP $36,000.00 (includes destination, excludes tax, license, title, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $29,778.75. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $11,124.00. Option to purchase at lease end $20,520.00. "

    I am confused about the 'net cap cost 29,778'. If I take the MSRP (36k) and subtract the $3500 down; I get $32,500. I still can't figure out where they got the $29,778 figure. Can someone explain this to me please?

    It's this part: Dealer contribution may vary and could affect actual lease payment.

    You wouldn't pay MSRP for a vehicle, right? In this case, the difference is $1500 in dealer lease cash from Honda, and an assumed dealer discount from MSRP of $1817 (+$595 for the acq.fee).

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  • pilotleasepilotlease Posts: 6
    Thanks. That helps put things in perspective. Having said that, is this a good deal?

    I'm interested in doing a zero down lease. What can I expect to get in terms of monthly payment for a 2wd ex-l
  • kyfdxkyfdx Posts: 28,029

    In your example above, without the $3500 down, the payment would be about $410/mo.

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  • pilotleasepilotlease Posts: 6

    How much wiggle room do you think is there? What is a good 'going' rate for 2wd EX-L with zero down?

  • kyfdxkyfdx Posts: 28,029

    @pilotlease said: How much wiggle room do you think is there? What is a good 'going' rate for 2wd EX-L with zero down?

    Invoice is about $3000 under MSRP. The lease example assumes a discount of $1817. I'd think there might be $1000-$1500 more room, but I haven't shopped a Pilot, so can't be sure.. Subtract about $28/mo. for every $1000 less in price.

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  • pilotleasepilotlease Posts: 6

    Awesome. Thanks a lot for your help!

  • pilotleasepilotlease Posts: 6

    Btw; what are the current residual/money factor rates for a 2014 FWD EX-L

  • kyfdxkyfdx Posts: 28,029

    @pilotlease said: Btw; what are the current residual/money factor rates for a 2014 FWD EX-L

    .00103 MF and 55% residual for 36mo, 15K/yr. $1500 lease cash.

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  • pilotleasepilotlease Posts: 6
    What about 12k miles?
  • MichaellMichaell ColoradoPosts: 3,788

    @pilotlease said: What about 12k miles?

    Add 2% to the residual.

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  • bspzbspz Posts: 30

    What are current rates for 2014 AWD EX 12k/36? Are there still incentives and also can you give me the invoice please? Thanks!

  • MichaellMichaell ColoradoPosts: 3,788

    @bspz said: What are current rates for 2014 AWD EX 12k/36? Are there still incentives and also can you give me the invoice please? Thanks!

    57% and .00103. $750 lease cash.

    You can find the current invoice price using the tools at the top of the page.

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  • bspzbspz Posts: 30

    That was quick! Thank you Michaell!

  • raechris1raechris1 Posts: 8

    What is current money factor and residual for EX-L AWD? Does it matter RES or NAV? Thanks in advance

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