2016 Honda Pilot Lease Questions

kyfdx

doogan3 said:

Hello, I am being quoted 58% for 2016 touring awd in ny. Is this correct. 36/15k.

Secondly... In your opinion have Honda changed numbers in the consumers favour i Jan in the past...or this is not predictable?

 Thanks

Yes, that is the correct residual

Not predictable, sorry.

kyfdx

alexy14 said:

Hi,
I got an update on the first lease offer I got , following are the details, Please tell me how is it.

Quote for NJ ,2016 Pilot EX - 4WD,

$450/month
36month
10K miles
Total MSRP $35,130

net cap cost is 36380 plus motor vehicle (they do not include motor vehicle as it varies based on vin number, drivers licesens and type of loan)

$818 due at lease signing includes $0 down payment, first month payment, and $0 security deposit.
$369 dealer documentation / processing fee not included .
federal, state and local taxes, and all title, license and registration fees not included

$450/mo. seems like a lot for a $35K MSRP vehicle, especially for only 10K/yr. Especially if it doesn't include tax.

alexy14

thank you for confirming. Will have to look for some better offer .

dolphin5

Can you please post 24/15, 27/15 and 39/15 MF and Residual for an AWD 2016 Touring and Elite Pilot Models,

Thanks!

bogeyman4ever

can you post the MF and residual for Pilot Elite 39 month/12k year? Also please confirm no options for 36 months and 10k year. Thank you!

cbarba80

Hi Looking for MF and residual for touring FWD 39/12 and 36/12, thanks! I live in Los Angeles

abhat

What is the MF and residual for EX-L 10K/36 and 10K/39?

A few other questions:
Is residual price higher for EX-L with NAV compared to with no NAV?
If residual for 36 and 39 months is same, then 39 month lease is expected to be cheaper?
Honda Finance finance rate seems to be 3.96% for most buyers. Can the lease be financed by a different bank instead?

Thanks
Jimmy

Michaell

dolphin5 said:

Can you please post 24/15, 27/15 and 39/15 MF and Residual for an AWD 2016 Touring and Elite Pilot Models,

Thanks!

Touring - .00165 and 65% / 64% / 58%
Subtract 1% for Elite.

Michaell

bogeyman4ever said:

can you post the MF and residual for Pilot Elite 39 month/12k year? Also please confirm no options for 36 months and 10k year. Thank you!

.00165 and 57% for 39/12.

We don't see 10K numbers for Honda, but we've had folks post that they are available in the greater NYC area.

Michaell

cbarba80 said:

Hi Looking for MF and residual for touring FWD 39/12 and 36/12, thanks! I live in Los Angeles

61% and .00165 for 36/12. Subtract 2% for 39 months.

Michaell

abhat said:

What is the MF and residual for EX-L 10K/36 and 10K/39?

A few other questions:
Is residual price higher for EX-L with NAV compared to with no NAV?
If residual for 36 and 39 months is same, then 39 month lease is expected to be cheaper?
Honda Finance finance rate seems to be 3.96% for most buyers. Can the lease be financed by a different bank instead?

Thanks
Jimmy

Honda doesn't offer 10K mile programs.

FWD or AWD for the EX-L?

EX-L with nav has a residual that is 1% less than the EX-L without nav.

Yes, if 36 and 39 month residuals are the same, the payment would be lower for the longer term. However, that is not the case for the Pilot - 39 month residual is 2% less than for 36 months.

Dealer can choose to use a different bank to fund the lease, but we don't have any way to validate those numbers. And, the lease end terms may be disadvantageous for you.

bogeyman4ever

Michaell said:

bogeyman4ever said:

can you post the MF and residual for Pilot Elite 39 month/12k year? Also please confirm no options for 36 months and 10k year. Thank you!

.00165 and 57% for 39/12.

We don't see 10K numbers for Honda, but we've had folks post that they are available in the greater NYC area.

Thanks for responding, I am in NC. If 10k is available, would that increase the residual to 59%?

kyfdx

bogeyman4ever said:

Michaell said:

bogeyman4ever said:

can you post the MF and residual for Pilot Elite 39 month/12k year? Also please confirm no options for 36 months and 10k year. Thank you!

.00165 and 57% for 39/12.

We don't see 10K numbers for Honda, but we've had folks post that they are available in the greater NYC area.

Thanks for responding, I am in NC. If 10k is available, would that increase the residual to 59%?

+ 1% to go from 12K/yr to 10K/yr

benito_salinas

Looking for payment numbers on a 2015 Pilot Touring. Price is 41000. I would give $1000 down, 3Y/36k, 800 Credit score, and all other numbers are default. Would this be enough info to get a lease monthly payment amount estimate?

Michaell

benito_salinas said:

Looking for payment numbers on a 2015 Pilot Touring. Price is 41000. I would give $1000 down, 3Y/36k, 800 Credit score, and all other numbers are default. Would this be enough info to get a lease monthly payment amount estimate?

FWD or AWD?

Is $41,000 the MSRP or the selling price? I'd need both to model a payment.

benito_salinas

Hello. Its a FWD and the $41k is the selling price.

Michaell

benito_salinas said:

Hello. Its a FWD and the $41k is the selling price.

What is the MSRP?

benito_salinas

MSRP is $41920

Michaell

benito_salinas said:

MSRP is $41920

So - MSRP is $41,920, selling price is $41,000, MF is .00165 and 36/12 residual for the FWD Touring is 61%.

I get $538.42/mo + tax with those numbers.

jrt123

Greetings,

At your convenience, would you be able to provide me with the following values:

2016 EX - 36 months / 15k miles
2016 EXL - 36 months / 12k miles

Not sure if the values are the same without the navigation system. Would it be better to wait until January/February to lease the vehicle?

Thanks in advance for your help.

doogan3

Hello, I am trying to neg. a deal on a Honda Pilot and for the life of me, I cannot get the numbers they are providing to match in a calculator i created. I am assuming I am doing something wrong. I am in NY State. If this is the wrong place to post this - please advise where I could post it. Thanks

Formula I use to get payment is:

(Net cap cost - Residual value / term) + ((Net Cap Cost - Residual)*MF)

I then calculate taxes by taking (Payment * tax rate) * term. In addition, I also take the any reductions from MSRP - Negotiated selling price and calculate tax on that. I add these two to the monthly lease cost to get a total payment per month.

Is this correct so far?

I guess where i am apparently confused is how to get to the net cap cost correctly. I normally do not like to pay anything up front, so I tell them roll all acquisition fees, taxes, tire tax, registration fees, misc fees into lease.

How should this be calculated? Should these numbers now be added to the agreed upon selling price to come to a "net cap cost" which is now going to be higher, and capitalized to include interest, OR is it just split over the term evenly? Can they legally force you to pay interest in the additional fees? Should the taxes be kept separate?

The same goes for when they are giving a rebate - example, I am turning a lease with 2 payments left - where is this suppose to be included?

I know this question is a bit out of the ordinary, it gets very annoying when they try to spew numbers at you with the sole mission to confuse the heck out of you

Thanks for your help

kyfdx

doogan3 said:

Hello, I am trying to neg. a deal on a Honda Pilot and for the life of me, I cannot get the numbers they are providing to match in a calculator i created. I am assuming I am doing something wrong. I am in NY State. If this is the wrong place to post this - please advise where I could post it. Thanks

Formula I use to get payment is:

(Net cap cost - Residual value / term) + ((Net Cap Cost - Residual)*MF)

I then calculate taxes by taking (Payment * tax rate) * term. In addition, I also take the any reductions from MSRP - Negotiated selling price and calculate tax on that. I add these two to the monthly lease cost to get a total payment per month.

Is this correct so far?

I guess where i am apparently confused is how to get to the net cap cost correctly. I normally do not like to pay anything up front, so I tell them roll all acquisition fees, taxes, tire tax, registration fees, misc fees into lease.

How should this be calculated? Should these numbers now be added to the agreed upon selling price to come to a "net cap cost" which is now going to be higher, and capitalized to include interest, OR is it just split over the term evenly? Can they legally force you to pay interest in the additional fees? Should the taxes be kept separate?

The same goes for when they are giving a rebate - example, I am turning a lease with 2 payments left - where is this suppose to be included?

I know this question is a bit out of the ordinary, it gets very annoying when they try to spew numbers at you with the sole mission to confuse the heck out of you

Thanks for your help

((Net Cap Cost - Residual)*MF)

This part is wrong. (NCC + residual) *MF is correct

In effect, the finance charges are applied to an average of the NCC and residual, which is why they are added together.

doogan3

Thank you for that correction. My formula actually reflects what you said - I wrote it incorrectly in the post.

How about calculating the NCC. This must be where i am wrong. Would the NCC then the agreed sale price plus the additional costs rolled in ?

How do I handle the taxes in the calculations? are they capitalized, or the NCC is excluding taxes (Not sure how you can capitalize the taxes, as they are only calculated once the payment is reached)

thanks

Michaell

doogan3 said:

Thank you for that correction. My formula actually reflects what you said - I wrote it incorrectly in the post.

How about calculating the NCC. This must be where i am wrong. Would the NCC then the agreed sale price plus the additional costs rolled in ?

How do I handle the taxes in the calculations? are they capitalized, or the NCC is excluding taxes (Not sure how you can capitalize the taxes, as they are only calculated once the payment is reached)

thanks

In NY, taxes are calculated up front (sales tax applied against the sum of the payments) and you either pay them at lease signing or roll them into the NCC.

doogan3

So in essence , I need to work out base lease, calculate tax, adjust ncc to reflect tax and calculated lease payment again with new ncc?

Michaell

doogan3 said:

So in essence , I need to work out base lease, calculate tax, adjust ncc to reflect tax and calculated lease payment again with new ncc?

Yep

jrt123

Would you be able to provide me with the MF and RESV values for these two models:

2016 EX RWD - 36 months / 15k miles
2016 EXL RWD (no navi) - 36 months / 15k miles

Thanks in advance for your help.

kyfdx

jrt123 said:

Would you be able to provide me with the MF and RESV values for these two models:

2016 EX RWD - 36 months / 15k miles
2016 EXL RWD (no navi) - 36 months / 15k miles

Thanks in advance for your help.

62% residual on either model.

But, 2WD Pilots are FWD, not RWD.

jrt123

Thanks. What money factor should I use for my calculations?

Michaell

jrt123 said:

Thanks. What money factor should I use for my calculations?

.00165

brilamen

Hi all,

I just wanted to thank you for the assistance provided when I was in the market for a lease on a '16 Pilot EX-L with Navi or Touring.

Don't want to overstep any boundaries, but just an FYI that Infiniti is really pushing their '15 QX60 stock (of which they have a ton) out at really great prices ahead of the '16 hitting the showrooms in a couple months. People have reported getting around $8K off MSRP (I got just under that) with a money factor of .00055 and the ability to lower it to .00005 with refundable security deposits. I ended up with a deal that was impossible to get for the Pilot (and a great price for my trade-in) on a much more expensive car.

Anyways, sad to be leaving the Honda family (I have a '13 Pilot and have had many Acuras and Hondas in the past), but just wanted to pass on this tidbit for anyone who isn't getting their price on a Pilot.

Good luck either way!

Michaell

BriLam said:

Hi all,

I just wanted to thank you for the assistance provided when I was in the market for a lease on a '16 Pilot EX-L with Navi or Touring.

Don't want to overstep any boundaries, but just an FYI that Infiniti is really pushing their '15 QX60 stock (of which they have a ton) out at really great prices ahead of the '16 hitting the showrooms in a couple months. People have reported getting around $8K off MSRP (I got just under that) with a money factor of .00055 and the ability to lower it to .00005 with refundable security deposits. I ended up with a deal that was impossible to get for the Pilot (and a great price for my trade-in) on a much more expensive car.

Anyways, sad to be leaving the Honda family (I have a '13 Pilot and have had many Acuras and Hondas in the past), but just wanted to pass on this tidbit for anyone who isn't getting their price on a Pilot.

Good luck either way!

With the Pilot being brand new and the QX60 getting replaced, I can't say I'm surprised that the lease deals are better on the Infiniti at the moment.

doogan3

Hi there, was quoted a residual for an awd pilot touring 39 month/ 15k at 56% on Saturday.  I thought this was 58% and these numbers could not be adjusted? Dealer Is in Nj.  He went as far as showing me the index sheet with the residuals..not that this means anything... Anyone can create a sheet with numbers on it. Can u confirm residual? Can they change it?. MF was .00165.

kyfdx

doogan3 said:

Hi there, was quoted a residual for an awd pilot touring 39 month/ 15k at 56% on Saturday.  I thought this was 58% and these numbers could not be adjusted? Dealer Is in Nj.  He went as far as showing me the index sheet with the residuals..not that this means anything... Anyone can create a sheet with numbers on it. Can u confirm residual? Can they change it?. MF was .00165.

Touring is 58% for 36/15, 56% for 39/15.

The dealer can't adjust residuals.

.00165 MF is correct.

doogan3

Ok...Thanks. I thought residual was the same for 36 & 39

What are your thoughts on the following?

2016 awd touring
msrp..$44702.95 (base of $43720 + wheel locks, crossbar roof rack, window visiors, all season mats and nitrogen filled tires)
Reduction of $2088.70
Ncc- $42614.25
Mf. - 0.00165
Residual - 56%
Term- 39 months
Tax-7.375
Taking $400 in  old lease payments/car
Acquisition fee if $595
Registration - $401
Documentation fee - $349

$0 down

$650/month. Paying first month today

Michaell

doogan3 said:

Ok...Thanks. I thought residual was the same for 36 & 39

What are your thoughts on the following?

2016 awd touring
msrp..$44702.95 (base of $43720 + wheel locks, crossbar roof rack, window visiors, all season mats and nitrogen filled tires)
Reduction of $2088.70
Ncc- $42614.25
Mf. - 0.00165
Residual - 56%
Term- 39 months
Tax-7.375
Taking $400 in  old lease payments/car
Acquisition fee if $595
Registration - $401
Documentation fee - $349

$0 down

$650/month. Paying first month today

Using your MSRP and net cap cost, I get $604/mo with tax.

Confirm the net cap number - the dealer may be adding in some of those fees if you aren't covering them up front.

djkhoi888

Hi, MF and RV on a 2016 Pilot EX-L 2WD? any incentives/promotions going on right now?

kyfdx

djkhoi888 said:

Hi, MF and RV on a 2016 Pilot EX-L 2WD? any incentives/promotions going on right now?

.00165 MF and 62% residual for 36mo, 15K/yr. No incentives

shaggee

BriLam said:

Hi all,

I just wanted to thank you for the assistance provided when I was in the market for a lease on a '16 Pilot EX-L with Navi or Touring.

Don't want to overstep any boundaries, but just an FYI that Infiniti is really pushing their '15 QX60 stock (of which they have a ton) out at really great prices ahead of the '16 hitting the showrooms in a couple months. People have reported getting around $8K off MSRP (I got just under that) with a money factor of .00055 and the ability to lower it to .00005 with refundable security deposits. I ended up with a deal that was impossible to get for the Pilot (and a great price for my trade-in) on a much more expensive car.

Anyways, sad to be leaving the Honda family (I have a '13 Pilot and have had many Acuras and Hondas in the past), but just wanted to pass on this tidbit for anyone who isn't getting their price on a Pilot.

Good luck either way!

Brian- Can you please post details? Which dealership? thanks!

brilamen

shaggee said:

Brian- Can you please post details? Which dealership? thanks!

Shaggee: don't want to muck up the Pilot thread, so will respond via private message.

tjohnstone3

Are the new numbers out yet for January? Looking at Touring or Elite Trim, AWD, 36 or 39/12 or 36 or 39/15 in Iowa.

Thanks!

Michaell

tjohnstone3 said:

Are the new numbers out yet for January? Looking at Touring or Elite Trim, AWD, 36 or 39/12 or 36 or 39/15 in Iowa.

Thanks!

36/15 numbers:

Touring - 57%
Elite - 56%

Add 2% for 12K; subtract 2% for 39 months.

.00175 MF

mattgoose

Hi - looking for MF and residual on EX-L with Sensing and Elite models in Mass. 36/15 in both cases.

Am I seeing the previous post that MF went up?!?

Is there any reasonable expectation of when it would start to drop?

Thanks!

Michaell

mattgoose said:

Hi - looking for MF and residual on EX-L with Sensing and Elite models in Mass. 36/15 in both cases.

Am I seeing the previous post that MF went up?!?

Is there any reasonable expectation of when it would start to drop?

Thanks!

I'll assume AWD as you are in MA:

EX-L Sensing - 59%
Elite - 56%

The base MF for Honda is .00175 .. deduct .00010 if you choose a true $0 due at signing lease. There may have been some confusion about that in the past.

mattgoose

Michaell said:

mattgoose said:

Hi - looking for MF and residual on EX-L with Sensing and Elite models in Mass. 36/15 in both cases.

Am I seeing the previous post that MF went up?!?

Is there any reasonable expectation of when it would start to drop?

Thanks!

I'll assume AWD as you are in MA:

EX-L Sensing - 59%
Elite - 56%

The base MF for Honda is .00175 .. deduct .00010 if you choose a true $0 due at signing lease. There may have been some confusion about that in the past.

Thank you! Any reasonable guesses for when the MF might start to drop? Or, maybe another way of asking, is how long does it typically take for inventory to build?

Michaell

mattgoose said:

Michaell said:

mattgoose said:

Hi - looking for MF and residual on EX-L with Sensing and Elite models in Mass. 36/15 in both cases.

Am I seeing the previous post that MF went up?!?

Is there any reasonable expectation of when it would start to drop?

Thanks!

I'll assume AWD as you are in MA:

EX-L Sensing - 59%
Elite - 56%

The base MF for Honda is .00175 .. deduct .00010 if you choose a true $0 due at signing lease. There may have been some confusion about that in the past.

Thank you! Any reasonable guesses for when the MF might start to drop? Or, maybe another way of asking, is how long does it typically take for inventory to build?

Hard to say .. it's as much an exercise in marketing as it is in economics. I suspect Honda will keep the MF as long as the Pilot is selling well. Or, use the high MF on the Pilot to compensate for the low lease profits on the Civic and Accord.

mrzeal05

Hello,
What is the MF and Residual for Pilot LX-AWD in NJ. 12/36 and 12/39 and 15/36 and 15/39.
Thanks in advance

Michaell

mrzeal05 said:

Hello,
What is the MF and Residual for Pilot LX-AWD in NJ. 12/36 and 12/39 and 15/36 and 15/39.
Thanks in advance

36/15 - 60% and .00165. Add 2% for 12K and subtract 2% for 39 months.

mrzeal05

Michaell said:

mrzeal05 said:

Hello,
What is the MF and Residual for Pilot LX-AWD in NJ. 12/36 and 12/39 and 15/36 and 15/39.
Thanks in advance

36/15 - 60% and .00165. Add 2% for 12K and subtract 2% for 39 months.

Thanks

bobsparrow

What is the MF and Residual, incentives for the Pilot EX and EX-L-AWD in NYC. 12/36
Thanks in advance