2015 Honda Pilot Lease Questions

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  • MichaellMichaell Moderator Posts: 254,047
    tbuker13 said:

    I couldn't figure it out either. I would assume the money down is cap cost reduction and no I don't belive the figure is rolling the taxes and fees. Only thing I got to jive was the tax amount on the payment. They told me it was a dealership specific special.

    I'd ask the dealer to run through the numbers very carefully. If something looks too good to be true ....

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  • tbuker13tbuker13 Member Posts: 3
    I know and that is the plan.  I think we are going to pay them a visit tomorrow evening.
  • stateoreconcilstateoreconcil Member Posts: 1
    I live in Michigan. and I got one a month ago
    2015 Pilot EX-L 4X4
    36 month/12k mile per year
    1000 down,
    225 Doc & Title fee
    $361.46 per month including all tax.
  • MichaellMichaell Moderator Posts: 254,047

    I live in Michigan. and I got one a month ago
    2015 Pilot EX-L 4X4
    36 month/12k mile per year
    1000 down,
    225 Doc & Title fee
    $361.46 per month including all tax.

    Seems like a good deal ... what were the MSRP and selling prices?

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  • chuckster12chuckster12 Member Posts: 25
    Hi Michaell,
    Looking at the national lease offers for the 4wd SE, Honda shows 0 down, msrp of $37000, net cap cost of $31,973.02 including $595 acquisition fee, lease end value of 20,720. 35 payments of $360. That would indicate a money factor of 0.0005, correct?
    I'm wondering if I can get similar terms on an EX-L.
  • MichaellMichaell Moderator Posts: 254,047

    Hi Michaell,
    Looking at the national lease offers for the 4wd SE, Honda shows 0 down, msrp of $37000, net cap cost of $31,973.02 including $595 acquisition fee, lease end value of 20,720. 35 payments of $360. That would indicate a money factor of 0.0005, correct?
    I'm wondering if I can get similar terms on an EX-L.

    You can't reverse engineer the MF from everything else provided.

    36/15 residual on the SE AWD is 54% and the MF for all Pilots until 5/11/15 is .00100

    Residual on the EX-L (no RES, no NAV) is 1% worse, so the payment will be higher. NAV and RES depress the residual even more.

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  • chuckster12chuckster12 Member Posts: 25
    ahh, makes sense now - thanks.
  • emeraldeyes13emeraldeyes13 Member Posts: 7
    edited April 2015
    Before I sign a lease with this dealership, I want to check on what they are offering.
    Here are the details:
    2015 EX-L no RES or Nav 2WD

    MSRP: 36,250
    Selling: 32,000

    Trade offer: 33,500
    Owe: 33,465

    Payment: $450/month including taxes and fees with $500 down.

    Is that a good deal?
    If not, what should I be pushing for?
    Thanks!
  • kar_freakkar_freak Member Posts: 148
    Looking for lease numbers for 2015 Pilot EX 2WD and SE 2WD for 36/15. Any incentives to consider?
    Thanks!
  • kyfdxkyfdx Moderator Posts: 255,814
    kar_freak said:

    Looking for lease numbers for 2015 Pilot EX 2WD and SE 2WD for 36/15. Any incentives to consider?
    Thanks!

    .00100 MF and 56% residual for either.
    $1000 lease cash

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  • truckguy182truckguy182 Member Posts: 30
    Looking for Residuals for a 2015 AWD Pilot in SE, EX-L and EX-L w/ Navigation. Trying to buy by the end of the weekend. Im pretty sure through all of your posts the current MF is .00100. Thanks for your help
  • truckguy182truckguy182 Member Posts: 30
    meant to include Im looking at a 36/12k. Sorry about that

  • kyfdxkyfdx Moderator Posts: 255,814

    Looking for Residuals for a 2015 AWD Pilot in SE, EX-L and EX-L w/ Navigation. Trying to buy by the end of the weekend. Im pretty sure through all of your posts the current MF is .00100. Thanks for your help

    meant to include Im looking at a 36/12k. Sorry about that

    .00100 MF and 56%/55%53% residual, respectively.

    SE has $2250 lease cash, while the other two models have $2750.

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  • truckguy182truckguy182 Member Posts: 30
    so lease cash is basically a subtraction of the "negotiated" price that take the price I technically pay down by the amount. So, in other words when calculating the lease. The MSRP is the one price to use and the negotiated price with the subtracted lease cash is the price I actually pay
  • MichaellMichaell Moderator Posts: 254,047
    so lease cash is basically a subtraction of the "negotiated" price that take the price I technically pay down by the amount. So, in other words when calculating the lease. The MSRP is the one price to use and the negotiated price with the subtracted lease cash is the price I actually pay
    Exactly right. Both are needed to calculate the lease payment. 

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  • mtmitchell5mtmitchell5 Member Posts: 14
    I am looking to lease 2015 pilot today.  Looking for Limited. 24 or 36 month 12k per year.

    located northwest Indiana (Chicagoland). 

    What should I be looking to pay monthly for a good deal.  

    This is my first lease. I need help. Thanks in advance to this great site I found and all the great support. 
  • MichaellMichaell Moderator Posts: 254,047

    I am looking to lease 2015 pilot today.  Looking for Limited. 24 or 36 month 12k per year.

    located northwest Indiana (Chicagoland). 

    What should I be looking to pay monthly for a good deal.  

    This is my first lease. I need help. Thanks in advance to this great site I found and all the great support. 

    MF on the Pilot is .00100 and $2750 lease cash.

    I don't see a Limited trim level for the Pilot; did you mean Touring? If so, 24/12 residual is 58%; 36/12 residual is 51%.

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  • mtmitchell5mtmitchell5 Member Posts: 14
    Michaell said:
    I am looking to lease 2015 pilot today.  Looking for Limited. 24 or 36 month 12k per year.

    located northwest Indiana (Chicagoland). 

    What should I be looking to pay monthly for a good deal.  

    This is my first lease. I need help. Thanks in advance to this great site I found and all the great support. 
    MF on the Pilot is .00100 and $2750 lease cash. I don't see a Limited trim level for the Pilot; did you mean Touring? If so, 24/12 residual is 58%; 36/12 residual is 51%.
    I am sorry. I meant EX-L. 

    In in an effort to not be too much of a pest... Would you be able to help me to know what monthly payments would be with those numbers.  I'm not sure how to do the calculations.  
  • MichaellMichaell Moderator Posts: 254,047


    Michaell said:

    I am looking to lease 2015 pilot today.  Looking for Limited. 24 or 36 month 12k per year.

    located northwest Indiana (Chicagoland). 

    What should I be looking to pay monthly for a good deal.  

    This is my first lease. I need help. Thanks in advance to this great site I found and all the great support. 

    MF on the Pilot is .00100 and $2750 lease cash.

    I don't see a Limited trim level for the Pilot; did you mean Touring? If so, 24/12 residual is 58%; 36/12 residual is 51%.

    I am sorry. I meant EX-L. 

    In in an effort to not be too much of a pest... Would you be able to help me to know what monthly payments would be with those numbers.  I'm not sure how to do the calculations.  

    Base EX-L residuals are 62% for 24/12 and 55% for 36/12. Subtract 1% for RES and 2% for NAV equipped versions.

    We would need the MSRP and selling prices to model a payment.

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  • mumbleocitymumbleocity Member Posts: 3
    Hi! Could you please help me determine the money factor, residual, any lease incentive money on a 2015 Honda Pilot 4x4 EX-L, SE and Touring? 36 mos/12000 miles in the Kansas City area. Please indicate if there is a difference between KS and MO since the city sits on the state line.
  • MichaellMichaell Moderator Posts: 254,047

    Hi! Could you please help me determine the money factor, residual, any lease incentive money on a 2015 Honda Pilot 4x4 EX-L, SE and Touring? 36 mos/12000 miles in the Kansas City area. Please indicate if there is a difference between KS and MO since the city sits on the state line.

    Honda numbers are national.

    MF is .00100

    EX-L - $2750 lease cash and 55%
    SE - $2250 lease cash and 56%
    Touring - $2750 lease cash and 51%

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  • mumbleocitymumbleocity Member Posts: 3
    Thank you! I'm glad I asked. Had no idea the numbers were nation-wide. This will be our first time leasing if we decide to go that route.
  • dair10dair10 Member Posts: 4
    Massachusetts area. Looking to lease a 2015 Pilot SE, 3 yrs 12k miles p/year. They are offering a sale price of $30,500 (does not include doc fee/reg fee/ lease acquisition fee. I'm also rolling in 4k from my trade-in that I'm upside down in. Quoted $510 a month, good deal? Trying to understand their breakdown, having some trouble.
  • kyfdxkyfdx Moderator Posts: 255,814
    dair10 said:

    Massachusetts area. Looking to lease a 2015 Pilot SE, 3 yrs 12k miles p/year. They are offering a sale price of $30,500 (does not include doc fee/reg fee/ lease acquisition fee. I'm also rolling in 4k from my trade-in that I'm upside down in. Quoted $510 a month, good deal? Trying to understand their breakdown, having some trouble.

    AWD? .00100 MF and 56% residual

    $510/mo. seems awfully high, but rolling in $4000 will add $125/mo. to the deal

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  • dair10dair10 Member Posts: 4
    I've got some additional concrete info. 2015 Pilot SE, AWD. Selling price is $30,500 (excludes Doc/Reg fees). 3 year lease, 12k miles p/year. I'm rolling in exactly $4600.00 into the new loan.. The MF is .00100. and 56% residual on MSRP of $37k.

    First question, why is their MSRP so high on the SE trim? Every other dealer says MSRP is around 35,500. This dealer says I'm not paying MSRP so why does it matter. Am I missing something? Also, most other dealers are offering a sale price around $32,000.

    I'm using edmunds lease calc of Dep fee, Finance fee, Sales tax = Lease payment. See below:

    Depreciation fee:
    --30,500 (Sale price) + 4,600 (rolled into loan) = 35,100 (net cap cost).
    --35,100 (net cap cost) - 20,720 (.56% resid on $37k) = 14,380 divided by 36 mons = $399 p/mon

    Finance Fee
    --$35,100 (net cap cost) + 20,720 (residual) = 55,820.
    --55,820 x .00100 = $55.82 finance fee p/month

    Sales Tax

    ($399 + $55.82) = $454 multiplied by .0625% ( $28.42 ) = Monthly payment of $482. 42.

    The only thing I've not accounted for is if they're assuming the Doc/reg fee is included in the sale price. Is there a lease acquisition fee as well? Approx 1k somehow added to their numbers.

    Please let me know your thoughts.
  • dair10dair10 Member Posts: 4
    dair10 said:

    I've got some additional concrete info. 2015 Pilot SE, AWD. Selling price is $30,500 (excludes Doc/Reg fees). 3 year lease, 12k miles p/year. I'm rolling in exactly $4600.00 into the new loan.. The MF is .00100. and 56% residual on MSRP of $37k.

    First question, why is their MSRP so high on the SE trim? Every other dealer says MSRP is around 35,500. This dealer says I'm not paying MSRP so why does it matter. Am I missing something? Also, most other dealers are offering a sale price around $32,000.

    I'm using edmunds lease calc of Dep fee, Finance fee, Sales tax = Lease payment. See below:

    Depreciation fee:
    --30,500 (Sale price) + 4,600 (rolled into loan) = 35,100 (net cap cost).
    --35,100 (net cap cost) - 20,720 (.56% resid on $37k) = 14,380 divided by 36 mons = $399 p/mon

    Finance Fee
    --$35,100 (net cap cost) + 20,720 (residual) = 55,820.
    --55,820 x .00100 = $55.82 finance fee p/month

    Sales Tax

    ($399 + $55.82) = $454 multiplied by .0625% ( $28.42 ) = Monthly payment of $482. 42.

    The only thing I've not accounted for is if they're assuming the Doc/reg fee is included in the sale price. Is there a lease acquisition fee as well? Approx 1k somehow added to their numbers.

    Please let me know your thoughts.

    Just to add, the $510 was including the $4600 rolled into the loan.
  • kyfdxkyfdx Moderator Posts: 255,814
    dair10 said:

    I've got some additional concrete info. 2015 Pilot SE, AWD. Selling price is $30,500 (excludes Doc/Reg fees). 3 year lease, 12k miles p/year. I'm rolling in exactly $4600.00 into the new loan.. The MF is .00100. and 56% residual on MSRP of $37k.

    First question, why is their MSRP so high on the SE trim? Every other dealer says MSRP is around 35,500. This dealer says I'm not paying MSRP so why does it matter. Am I missing something? Also, most other dealers are offering a sale price around $32,000.

    I'm using edmunds lease calc of Dep fee, Finance fee, Sales tax = Lease payment. See below:

    Depreciation fee:
    --30,500 (Sale price) + 4,600 (rolled into loan) = 35,100 (net cap cost).
    --35,100 (net cap cost) - 20,720 (.56% resid on $37k) = 14,380 divided by 36 mons = $399 p/mon

    Finance Fee
    --$35,100 (net cap cost) + 20,720 (residual) = 55,820.
    --55,820 x .00100 = $55.82 finance fee p/month

    Sales Tax

    ($399 + $55.82) = $454 multiplied by .0625% ( $28.42 ) = Monthly payment of $482. 42.

    The only thing I've not accounted for is if they're assuming the Doc/reg fee is included in the sale price. Is there a lease acquisition fee as well? Approx 1k somehow added to their numbers.

    Please let me know your thoughts.

    Acquisition fee is $595. Title/registration would be due,as well.

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  • mtmitchell5mtmitchell5 Member Posts: 14
    I am intersted in 2015 Honda Pilot Lease. Either 24/12 or 36/12.

    I am located in Crown Point, Indiana.

    MSRP on Honda Pilot EX-L 4x4 is 37,850 with a selling price of 31,613 (True Car Offer).

    Can you please help me with the lease information as well as monthly payments?

    Thank you.
  • kyfdxkyfdx Moderator Posts: 255,814

    I am intersted in 2015 Honda Pilot Lease. Either 24/12 or 36/12.

    I am located in Crown Point, Indiana.

    MSRP on Honda Pilot EX-L 4x4 is 37,850 with a selling price of 31,613 (True Car Offer).

    Can you please help me with the lease information as well as monthly payments?

    Thank you.

    .00100 MF and 55% residual for 36mo, 12K/yr. $2750 lease cash. (24/12 residual is 62%)

    36/12 payment would be $362/mo.+tax. You'd have 1st payment, title/registration, $595 acq.fee due at signing.

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  • mtmitchell5mtmitchell5 Member Posts: 14
    kyfdx said:

    I am intersted in 2015 Honda Pilot Lease. Either 24/12 or 36/12.

    I am located in Crown Point, Indiana.

    MSRP on Honda Pilot EX-L 4x4 is 37,850 with a selling price of 31,613 (True Car Offer).

    Can you please help me with the lease information as well as monthly payments?

    Thank you.

    .00100 MF and 55% residual for 36mo, 12K/yr. $2750 lease cash. (24/12 residual is 62%)

    36/12 payment would be $362/mo.+tax. You'd have 1st payment, title/registration, $595 acq.fee due at signing.
    I have another offer from another dealer at 30,900

    I need to know ASAP what payments would be on 24/12 as well as 24/15 AND 36/12 and 36/15.

    Could you please get these numbers back ASAP.. Trying to do a deal tonight!
  • MichaellMichaell Moderator Posts: 254,047


    kyfdx said:

    I am intersted in 2015 Honda Pilot Lease. Either 24/12 or 36/12.

    I am located in Crown Point, Indiana.

    MSRP on Honda Pilot EX-L 4x4 is 37,850 with a selling price of 31,613 (True Car Offer).

    Can you please help me with the lease information as well as monthly payments?

    Thank you.

    .00100 MF and 55% residual for 36mo, 12K/yr. $2750 lease cash. (24/12 residual is 62%)

    36/12 payment would be $362/mo.+tax. You'd have 1st payment, title/registration, $595 acq.fee due at signing.
    I have another offer from another dealer at 30,900

    I need to know ASAP what payments would be on 24/12 as well as 24/15 AND 36/12 and 36/15.

    Could you please get these numbers back ASAP.. Trying to do a deal tonight!
    Same MSRP as above?

    36/12 payment would be $332/mo+tax. 36/15 would be $352/mo+tax.

    24/15 payment would be $395/mo+tax; 24/12 would be $379.50/mo+tax

    36 months is definitely the sweet spot.

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  • jsilver10jsilver10 Member Posts: 11
    I am interested in finding out the MF and the residual for a 2015 Pilot EX in the Philly area for 36/15.  Also,  is there lease cash.  Thanks
  • MichaellMichaell Moderator Posts: 254,047
    jsilver10 said:

    I am interested in finding out the MF and the residual for a 2015 Pilot EX in the Philly area for 36/15.  Also,  is there lease cash.  Thanks

    .00100 and $2250 lease cash.

    54% residual for 36/15 (I assume you want AWD)

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  • john420john420 Member Posts: 97
    I need MF and residual for 2015 Honda Pilot EX-L AWD in NJ. 36/12 and 36/15. Is there any lease cash or other incentives. We currently have a 2008 Pilot. Thanks
  • kyfdxkyfdx Moderator Posts: 255,814
    john420 said:

    I need MF and residual for 2015 Honda Pilot EX-L AWD in NJ. 36/12 and 36/15. Is there any lease cash or other incentives. We currently have a 2008 Pilot. Thanks

    .00097 MF and $2750 lease cash. 54%/52% residual

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