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The numbers for an otherwise identical lease of a 2011 Pilot Touring 2WD without RES are .00183 and 53%, respectively.
Car_man
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MSRP was$ 37755 Gross Cap cost $34,149 cap cost reduction $968 adjusted cap cost $33181 total number of payment end of lease $17,028.
Any way its sitting my garage. I think I did ok, the fact is there is a huge shortage of 2010 models. I live on the east coast .Salesman showed me on paper that they were losing $-1945, but that's on paper I guess.? hope this helps someone, but really wanna know if I did OK?
Carman watcha think? P.S. payment was still $473
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If there is a shortage of 2010 models in your area, I personally would have gone with a 2011 Pilot. Even if you had to pay $1,000 over invoice for it, which is more than I would want to pay, its higher residual values would have yielded a more attractive monthly payment.
Car_man
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I was in a dealer in Chicagoland today going over numbers for the 2010 EX-L and they came up with the following.
Selling Price $31,778, Acquisition Fee $595, Tax $2,315 giving a total Net Cap Cost of $34,688. They want 35 payments of $505.59. They pay the first payment hence only 35 they also pay $363.38 for tags and title. The residual is 55% MRSP at $19,885.25 and the money factor is 0.00173.
Questions, does this look like a good deal and is it ok for them to put the tax in the Net Cap cost?
Also I am a bit wary about the contract terms regarding wear and tear. It states that even paint chips are not allowable after 3 years and 36,000 miles is this unreasonable? They were trying to sell insurance to prevent against costly repairs at the end of the lease in addition to the 3 x $500 events allowed in the contract.
Thanks!!
Great forums..right up my alley.
Can anyone help me with the Residual on a 36 month lease with 12K mi on a 2011 Pilot LX 4WD.
Particularly if you could help me with the equations because there is a good chance we may purchase the car at the end of the lease and we want to make sure we get the overall best value.
A few more leasing questions if you wouldn't mind:
1. My insurance doesn't have gap insurance. should i look elsewhere?
2. should i get gap insurance with a brand new pilot in NYC in case of theft?
3. how much wear and tear does a dealer let you return a car back with before they start hitting you with charges? (we have a dog...does cloth stand a chance?).
4. I know dealers make money on trims, should I look for an EX-L just to get a better value for my lease or is it best to lease the bare bones if you may purchase at the end.
5. I am assuming the residual is negotiable - is this where some dealers are making some ADP?
Thanks in advance for any help on this.
I'll let you know what dealer it is after I determine that I'm not being shell gamed.
I am looking to lease a 2010 Pilot 4wd but they are becoming scarce in my area (NH/MA) and I may have to go with a 2011 instead.
Could you please provide the money factor and residual for both, 2011 Pilot EX and EX-L models? Lease would be 36 months and 15k miles/year.
In fact, I am not even sure if I will need the 15k/year because my last lease was returned with 33k miles after 3 years, so I was wondering if you also know how much extra the dealers usually charges for a high mileage lease, because depending on the numbers I better go with the 12k year.
I've got some quotes over email but they look high (from $480 to $510) and I think dealer is working with MSRP prices. Should I consider your suggestion on post #27500 and try shoot 500 over invoice on a 2011 model?
Thank you again, your help here is much appreciated!
I closed on a 2011 Pilot EX AWD, 36 months lease, 12k year.
Payment conditions were: $400 down and 35 x $390. All fees included.
They also got my 2006 Pilot off my hands for the exactly payoff and that was above the trade in market value, so it worked for me. What do you guys think? Was it ok? MSRP was $33,205 cap cost was $ 30,660 and closed price was $29,750.00.
Thank you Car Man you put some great and helpful information here!
I would still like to get the lease rate and residual on the 2011 Pilot EX 4wd. Still trying to decide if I am getting a good offer with $0 down and $440 per month 36 months, 12,000 miles.
Thank you very much!
2011 Honda Pilot 2WD, 12K miles
EX-L w/Res
- Money Factor
- Residual
EX
- Money Factor
- Residual
LX
- Money Factor
- Residual
Thanks!
I would like to thank you for taking your time to help all of us first.... Thank you!
Second.. I have a quote on a 2011 EX-L Bali Blue with Navigation, let me know what you think.
Selling price (through TrueCar) 33,166
Acquisition Fee & Gap ins. 595
Tax in PA 8% 2700
Residual is 53%
and Money Factor is .00183
Please let me know if this is a good deal. He tells me they are losing 800.00 on this deal, But he says its $ 560 a month ...seems high to me.
Thanks in advance for all your help..
I can tell you that most of the decent quotes I had on a 2011 EX, were in between $410 and $440. Honda North in Danvers, MA, was the only one that quoted me bellow $400, so, they got my business.
The good part is that you are all set now with the new ride. Enjoy it!
I got a quote for a 2011 Honda Pilot EX-L lease for 415.00 / month for 35 months for 36/15k miles? includes tax, tag, etc. 0 out the door in South Florida
I have been looking throught the forums and the lowest I saw including tax was about 430 for a 2011 Honda Pilot EX-L?
What are your thoughts?
The sign and drive promotion that Honda was providing in April is available on the 2010 Pilot. Honda's April programs are scheduled to run through today, May 3rd. I will provide you with information on what the April program is like for now. Let me know if you're interested in what the May programs are like and I'll stop back and let you know as soon as I've had a chance to take a look at them.
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Pilot EX-L 4WD with RES and 15,000 miles per year are .00173 and 52%, 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 would be 2% higher.
I would be happy to work up a sample payment for you if you provide me with the MSRP and selling price of the specific unit that you are interested in.
You don't need to pay extra for excess wear and tear insurance. Honda Finance automatically waives up to $1,500 in excess wear and tear on leased vehicles.
Consumers are required to pay a $595 acquisition fee on Honda Finance leases, but I don't believe that it charges any disposition fee at lease-end. The doc fee is between you and the dealer.
Car_man
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Finally leased 2010 Pilot EXL w RES along with Boards selling price of 32,376.00
I just paid the taxes and all inceptions fees upfront for 3yrs / 12,000 Can you guess what should I be paying paying a month. I lived in NYC.
Gman923
I have a couple of questions about your transaction. Please contact me directly if you would be so kind.
Regards,
alarti
Trying to figure what the monthly pmts are on a 4WD Touring w/ RES before I talk with the dealership.
Thanks for the help
Can you let me know where you got your deal? I think it is a great deal.
axm23@yahoo.com
Thanks
I'm looking at possibly leasing either a 2010 Pilot Touring 4WD w/ NAV or a 2011 Pilot EX-L 4WD w/ NAV. I would want a 10,000 mile, 36 or 39 month lease. Could you provide the money factors and residuals for both of those cars?
Thanks!
Hope this helps someone. I 'am in NJ.
I am thinking about leasing a 2011 Honda Pilot. I have never leased an automobile before, so I am looking for advice on the best way to negotiate (tips, known traps, etc..) with the dealer. I live in NY and have seen lease specials on the Honda website ($309.00 per month for 36 months. $2,999.00 total due). Is this a good deal?
Thanks,
Raj
I would be interested in the same information but for 12,000 mile lease. I live in the DC market. Thanks in advance.
Mine was 1240 total out of pocket which includes first month payment of $429.00.I leased out of NY.Its a 2010 Pilot with RES with the bars on it.I guess you and I did okay. I am happy. Hope you are too.Happy motoring!!!!
I guess we both did ok especially given that in NJ I was getting crazy quotes in mid 500's for the same vehicle. This is my second Pilot. I had a 2007 EX-L with RES and loved it. The 2011 replaced the 2007 which I was leasing as well. Drive safe, enjoy and good luck with the new car...
I also got an offer on the 2011 EX-L with Nav for 539 a month, 650 due at signing with 12k miles/year - I feel that that offer is a little high. How much lower can I get this?
Any thoughts would be SOOO appreciated
Nada
Is this for a 4 Wheel Drive model?
Given just a payment and upfront costs, it's very difficult to judge whether your deal is good or not. I live in Medina where sales tax is 6.5%. You said you're in Cleveland which is in Cuyahoga County (still 7%?). In addition to your sales tax rate, I'll need to know the following....
MSRP including Destination Charge
Money Factor with 0% Reserves (0.00XXX)
Residual Factor (xx%)
Fund Provider (I'm guessing AHFC)
Or, you can simply ask the dealer to email you the LEASE WORKSHEET and, then, email it to me at
diffeq@zoominternet.net
This speaks volumes and will tell me everything I want to know. Do not let the dealer tell you that they can't provide you with a copy of their lease worksheet because that's baloney. Most dealers are very accomodating and will give a copy if you request it.
I will create a one-page lease proposal designed to save time, money, and aggravation and, then, email it to you if you like.
By the way, the fund provider's money factor with 0% reserves is known as the base rate or buy rate and is the lowest money factor that you can get from them. Always ask for the "buy rate".
John
$831 out of pocket incl 1st month. $599.00/mo incl tax. 36 mos 15,000 miles/year
Crystal Black w/ Black Interior
Lease calculated from invoice price.
Car_man
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The numbers for an otherwise identical 39 month lease are .00200 and 55%.
I'm not sure if Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does they are probably 1% higher than the 12,000 mile per year residual values that I mentioned.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum