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Would you be so kind to get me the money factor and residual percentage for a Pilot EX-L w/RES for a 12k miles/36-month? Do you know by any chance what those numbers were for April?
Would someone know what sort of price to pay or what offers have been made for this vehicle to purchase?
Thanks,
alarti
Please could you kindly share the name of the dealership where you bought the Mazda cx9 AWD Grand Touring from. How long ago was that. Does the $33000 price include destination charges. Please kindly confirm the MSRP it can't be 33000. the Mazda grand touring AWD bare bones i.e. without options is 34215.
your response will be appreciated. thanks
Are you in NJ as well?
Thanks
Thank you!
DCH Kay Honda in Eatontown, NJ was willing to lease the EX-L w/ no NAV or RES for $1,000 down and $499/month. That was for 36 months, with the first payment included in the down payment; 12,000 miles a year. I think that offer was expiring TODAY, and the Zero down signs were all still up on the windows, but with the promo they wanted at least $549/month. The price of the vehicle was $36,305. I believe the residual was around 57%. Hope that helps. They were great there.
Just returned from dealer and was quoted $482 with $3000 down (1st mo, taxes, fees etc and some cap cost red). This is on a 2011 EX-L AWD w/navi. MF was .00195 and residual was 56%. I'm in NJ if it matters. Same pilot with $1500 down (just 1st mo, tax, reg etc.) was $528/mo. These are both for 36mo and 12k/yr. Seem ok? Starting price was $34770 or so.
Thanks!
Any advice is helpful!
You don't have to agree to the selling price or cap reduction. The sell price is negotiable and and the MOST important number as it drives everything else in a lease. And so, I suggest you do some detailed research to determine a competitive sell. Check Edmunds for cash incentives, MSRP, and Invoice pricing. Also, peruse the message boards. A cap reduction is usually not necessary unless there are credit problems and I don't advise making one as a car is a depreciating asset.
The only thing that is non-negotiable is the residual. Of course, you want to be sure you're getting the money factor with 0% reserves or what is known as the buy rate if your credit is excellent. Most finance captives, like AHFC, use the buy rate in their national promo ads.
The two most important things, to calculate, from the promo ad is the money factor and the residual factor. Once you've collected all your data and have educated yourself about the basics of leasing, I suggest that you construct a one-page lease proposal, on your letterhead, and email to the dealer. This will save lots of money, time, and aggravation as you can conduct follow-up negotiations by phone/email from the comfort of your home/office.
Here's an example of a lease proposal I constructed in late April...
MSRP 2011Honda Pilot LX Automatic 28,755.00
Selling Price......................................... 26,450.92
Amounts Financed (Capitalized)
AHFC Acquisition Fee ....... 595.00
NY Sales Tax @8.875%... ... 1,248.73
Capitalized Costs
Gross Capitalized Cost .. . 28,294.65
Capitalized Cost Reduction .. . 0.00
Adjusted Capitalized Cost 28,294.65
Residual Data
Residual Factor .. 0.59
Residual Value (Residual Factor × MSRP) 16,965.45
Cost of Money/Term
Money Factor ............ . 0.00173
Term (months) . 36
Monthly Lease Payment . 393.00
Estimated Charges Payable at Lease Origination
Documentation Fee ..... 75.00
Government Fees .. 217.50
Amount Due at Lease Signing . 292.50
Fund Provider: AHFC
GAP Coverage: Included
Annual Mileage Allowance: 12k
Disposition Fee: None
Excess Mileage Charge: $0.15 per mile
NOTE: Monthly Payment = MF x (Adj Cap + Res Val) + (Adj Cap - Res Val) / Term
Hope this helps.
John
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Now let's take a look at this truck's selling price. According to Edmunds.com, its dealer invoice price is $34,757. That's right in line with the selling price that you were quoted, making it a very good deal.
You definitely should go with the second, no cap cost reduction, over the first one.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Would you please let me know the current money factor and residual for the above referenced vehicle, and also if there are any special incentives in play like dealer cash? I am in MA.
Thanks!
I'm looking to lease a 2011 4WD Honda Pilot EX-L RES. The dealer indicates that they can do the RES as a non factory option on an EX-L and save around $20/mo. Probably lower cost and higher residual, but it's not as neat requires tuning to FM and front and back passengers can't then have separate tuning. I also worry about resale down the road. Thoughts?
I would like to get current residual and money factor for both the EX-L and the EX-L RES for 15K. Also, is there a rule of thumb on amount down vs. amount payment is reduced to see which is the better deal? Thanks, Tom
how many miles and for how long?
thanks, also which dealer if u don't mine?
2011 Pilot EX-L 2wd
36 month lease, 12k miles/yr
$2988 due at signing, no security deposit
#319.88/month + tax
i'm leaning more towards an EXL 4WD (no nav +no RES)
how much do you think that lease would be? 12k/36months, if it were a similar deal toyour Touring?
thanks for the info, i'll head up there for a quote.
Would you please let me know the current money factor and residual for the above referenced vehicle, and also if there are any special incentives in play like dealer cash? I am in MA. 36 months, 12k miles.
Thanks!
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Pilot LX 4WD with 15,000 miles per year are .00200 and 53%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a 2011 Pilot LX 4WD are .00195 and 58%.
Honda is not currently providing any cash incentives on the '11 Pilot, but it does have $1,500 dealer cash on the '10 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda is not providing any cash incentives on the '11 Pilot yet.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Though July 6th, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot EX-L 4WD with 15,000 miles per year are .00195 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. The addition of the RES has no impact upon the money factor, but it lowers this truck's residual value by 1%.
You are better off putting as little money down as possible when leasing. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Honda is not currently providing any cash incentives on this model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I think I did pretty good? Thoughts?
I am in NJ looking for the same vehicle in white. One local dealer told me $3,200 and $567 per month.
It seems high to me.
Thanks!
.
Hope this helps. It was the first time that I leased. Any $ used for cap down in CA is/was taxable. i would recommend reading these threads extensively and also checking the prices paid thread to see what others are buying at.
They also offered me 2.9 percent financing for 60 months. However, the payment would have been really high. I could get a 84 month loan with the same payment with $10,000 down.
prob could've gone down to 445-450
thanks!
Honda Finance's July buy rate lease money factor and residual value for a 36 month lease of a 2011 Pilot Touring 4WD without the entertainment system with 12,000 miles per year are .00181 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Where was this deal? I had to pull teeth to be quoted a deal for a 2011 Pilot 4WD LX with $2000 down and 369/month. I am not thrilled with the deal after reading other posts. I live in South Jersey and need a great deal...still have to pay for a busted BMW.
Help
I see a lot of great info for the EX-L Pilot, how about for the Pilot EX - residual and money factor for a 36month/12k lease?
Thanks,
aces_full
Could you kindly provide the money factor & residual for a 2011 Pilot EX-L 4WD as to a 36 month/12K mile lease in South Florida.
Thanks a Million!
Could you kindly provide the money factor & residual for a 2011 Pilot EX-L 4WD as to a 36 month/12K mile lease in South Florida.
Thanks a Million!
I just leases a 2011 pilot EX-L with The Entertainment package. Did I make a good deal?
2000 down, plus taxes first month etc..so about 3800 total due.. for 389/month 39 month lease 12000 miles.
the selling price was 38000
$0 out of pocket, All taxes and fees included, 36 payments of $520.
Could pay the first payment at the dealer or wait for Honda to send bill... i paid the first to hold the Pilot. Every dealer I was working with tells me it was very aggressive, best i could do otherwise was $5 off and this is a more convenient location. (Plus got 3 years of oil changes from a coupon)
How did I do?