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Honda Pilot Lease Questions

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  • kyfdx, please let us know how you do. i'm in the same position. ayalakay, i dont know the rest of the details of your new purchase, but that doesn't seem like you got much of a deal to me.
  • I'd be happy to help you out, DK.

    Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot EX-L 2WD with 15,000 miles per year are .00139 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 12,000 miles per year is 2% higher.

    While this can vary from vehicle to vehicle, typically the less equipment a vehicle has, the better its residual values are.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mjt5mjt5 Posts: 13
    Hi Car man,

    Could you please give me the current December money factor and residual value for a 2011 Honda Pilot, 4WD, EX-L RES with 12k miles and 36 months through Honda Financial Services?

    Thanks so much in advance for your response!
  • tex18tex18 Posts: 82
    What did you pay as the negotiated price? Are EX no leather still going for $27,500?
  • I just got my new 2011 Pilot EX-L. This is my 3rd Pilot that I've leased. I paid 33200.00, res value 57% 20733.75, and money factor .00129. That is with zero down, zero first payment. My payments are 472.13 including tax for 36 months and 12000 miles. (It's really only 35 months though, since the first payment is zero.)
    Here's the best part: My 2008 Pilot EX-L was worth more than my res value of 18062.00, so I got a check back for over 5000.00!
    I had to work for this deal. My local Honda dealer wouldn't budge on giving me what I wanted for my '08 Pilot. They would only go to 22500.00. I searched online for other Honda dealers within 50 miles of me and started making calls and searching dealer inventories. Here is what I found MOST helpful: If you want the most for your trade/buyout, search dealer inventories for like mileage and year cars. See what they are selling them for and how many they have. The dealer I ended up going to, had no '08 Pilots on the lot. When I called them, the used car manager jumped on a deal. I only had to drive about 40 minutes away for an extra 1000.00! (I went to Fayette Honda in Uniontown, PA)
    I hope this helps more people get good deals. Good luck all :D
  • Thanks for the tip! I just checked my dealer's page and they have 5 2008's, only one VP, with ~11K more miles than mine... and they are asking $22500 for it! So I was right that mine would technically be worth more. (Thanks for the additional ammo!)
    ;)
  • tex18tex18 Posts: 82
    Arob1, what did you pay for your EX 2WD? Or anyone else can chime in, whats the best price out there now for a EX 2WD? Cheaper the price, cheaper the lease.
  • Hey Car Man....I was wondering if you could post the December finance numbers for a Pilot EX-L AWD. Looking for 36 or 39 month lease with 12-15k miles per year. Thanks
  • I'd be happy to help you out, mjt5. Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot EX-L 4WD with RES and 12,000 miles per year are .00139 and 56%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi sprinkler13. See my previous post for this truck's money factor. The residual value for a lease of this truck without the RES is 2% higher.

    Dropping to 12,000 miles per year raises vehicles' residual values by 2%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi sprinkler13. See my previous post for this truck's money factor. The residual value for a lease of this truck without the RES is 2% higher.

    Dropping to 12,000 miles per year raises vehicles' residual values by 2%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Everyone,

    just looking for advice on the lease offers made to me.
    2011 EX-L 4WD

    36 mth / 12,000 / negotiated sales price of $32,308
    $2,000 down
    $475 per month
    $20,733 residual
    money factor .00255

    are these #'s correct for that payment, using Edmund's calculators, I receive a lower monthly payment...he did mention a $595 acquistion fee.

    other option:
    42 mth / 12,000 / negotiated sales price of $32,308
    $2,000 down
    $438 month
    $20,006 residual
    money factor .00245

    again, I receive different payment amounts when I run the calculators then what the dealer provides me.
    thanks
  • You need to ask him how he came up with that # rather than us. Is there sales tax? Is there a trade in? What is their documentation fee? Title and registration fee? Did he add in the optional additional warranty that you probably don't want? The $595 lease fee is what AHFC charges for a lease, it's non-negotiable and doesn't go to the dealership.
  • I will ask them specifically how they arrive at the numbers, because the calculators don't show that. I just want to make sure I know what figures/fees should be used and what should not, like you said about the warranty fee.

    No trade in, earlier in the process I was told $171 for title and registration fees when purchasing, so I assume that is the same.

    where should the tax show up? It's in the monthly payment, correct? And what is the amount used for PA - is it 6% still for lease or is there a different number to use?

    because of my credit scores, does that raise my money factor? I noticed another lease posted here was .001xxx
  • The lease on my 2008 Honda Pilot EXL-Res is up in Feb. (2 payments left) and I have a new deal that I am wondering about...
    Can you tell me if these are good numbers?

    2011 Pilot EXL-Res
    $2800 down (Includes first payment)
    $425 a month for 36 months.
    Residual at end of lease is $21,100.

    Dealer is stating that the Sticker price is $37,975, We are paying $34,325 ($37.300 with tax) and the Dealer Invoice is $34,715.

    Thanks for your help!
  • On Nov 23, I traded my 2008 Pilot EXL-RES, with 28.8m miles in on a fully loaded Pilot Touring. They picked up the last month lease payment. Price on the Touring MSRP was over $40k when you included the dealer paint protection and door protectors. (OK so I told them I did not consider that a real cost). I put $1,000 down, which included first month payment. Payments are $466 a month and with tax $499/month. Residual is $20,579. I paid $500 out of pocket (part of the $1,000) towards the inception fees and the trade in from the 2008 pilot covered the rest and more. I am really impressed by the 2011 Touring.
  • Car Man,

    Would the numbers be the same for the 2WD version?

    Thanks
  • hi Carman,

    Can you post MF and residual rates for touring, 36mo/10K?

    Thanks
  • 36months,
    12,000
    RV-57% of MSRP
    MF-0.00139
    I hope this will help.
  • Hey thenewlew. Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot EX-L 2WD with RES and 12,000 miles per year are .00139 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to cbarrs. Honda Finance's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot Touring 4WD with 12,000 miles per year are .00139 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi gang,

    Here's what I've been offered - all via email, nice and straightforward:

    Selling price $29,918
    36 months/12K
    Residual 58%
    MF .001390

    Monthly payment $380.74

    Total inception fees = $1932.65 including DMV fees, tire tax, NJ sales tax, doc fee

    I believe the acquisition fee ($595) is being financed - couldn't I pay that up front and save on the monthly payments?

    I haven't been able to get him to offer anything for the equity in my current '08. At this point I'd be happy with $1000! Maybe not possible since he hasn't seen it yet and is only taking my word for its condition and mileage?

    I'm aiming for next week (Happy New Year to me! ;) )

    Comments, opinions?

    Thanks!
  • That sounds like an okay deal but I was offered a little better on the EX...

    303/month x 35 months, 2,800 down (including all fees and first months payment). Trading in my current 2008 EXL Res - they have a buyer so I don't pay the last 2 payments or the over mileage fees. Let me know if you want the dealers name on Long Island (might be too far for you to travel).

    Also got a good quote from Garden State Honda.
  • Ayalakay,

    Is this price for a 2011 EX-L 4WD? That seems to be low or if not a very good offer.
  • What are the December promo lease numbers for a 2011 Pilot LX (cheapest avail) for NY 35 months zero down & 15K/miles yr? I see the numbers for same Pilot with 12K miles/yr is $ 380/month xero dpwn.
    Thanks
  • Jackomo, that's for an EX 4WD not the EX-L... If I could just squeeze another $900 off that price then my payment would be ~$350 which is where I want it, without putting any cash down of course! But this dealer won't budge. Should I go for it?
  • Hi Car man,

    Could you give me the current money factor and residual value for a 2011 Honda Pilot, 4WD, LX, with 12k miles, and 36 months?

    Thanks
  • Need feedback on this lease offer:

    2011 Pilot Touring 4WD
    $380 mo incl tax
    Down payment from trade in of my 2008 Pilot EX-L with Nav Clean 45k miles (I'm figuring they are allowing $4-5k for that)

    I have excellent credit. I've run my own back calculations of this offer based on 0.00139 MF and 55% RV, which I understand to be pretty much set in stone for all Honda dealers, correct?

    Also appreciate feedback on whether I can successfully translate this deal down to an EX-L with Nav 2WD if I want to save some money, and whether that would be a better deal overall. The perks of the Touring are not necessities.
  • Hi all, my current pilot lease (2008 EX-L 4wd w/RES) is up in Feb, so I'm beginning looking for a new deal. When I got my pilot 3 years ago, I got payments of $356 a month with nothing down (first months payment was $500 something with fees). Are the deals really THAT much worse now? I see people recently are paying $380 plus a month with several thousand down. Should I be looking at other manufacturers to start??
  • Thanks everybody. I was able to obtain $3,500 in equity from my 2008 Pilot EX-L 4WD while I leased a 2011 Pilot EX-L 4WD for $460 per month (12K miles per year for 36 months). I paid first month’s lease payment and DMV. Taxes included are 7.375%.

    I had to work with a number of dealers to get this deal done. Many refused to pay any equity claiming that the car belonged to Honda Financial and not me. They lost! Any smart dealer knows that customers have an option to buy the car, pay sales tax, and then trade-in the vehicle for a much higher price. These dealers would work with you to save the sales tax in the process (dealers don’t have to pay sales tax). Good luck!
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