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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with only 12,000 miles per year is 2% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Could you please provide Honda Finance's July'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?
My lease is up on my 2009 Pilot's and i'm planning to trade it in for a new one. I have two months left on lease but i am at 36,000 miles already. The residual value on the original contract was $18,291.15. I checked with Honda finance and they said current residual value is $20,619.12. Difference of $2,327.97.
Thank you,
John
Just a thought....
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By chance do you know the residual and money factor for 2011 EX-L for July?
thanks again,
John
Sorry, Car_man is the one with the numbers...
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Where does it say they waive 1,500? Just like to make sure I know the facts when the time to bring it back comes around.
Thank you for all your helpful information.
MF is 0.00097, residual 56%.
Good luck!
Can you please provide the July numbers for the Pilot Touring.
Thanks,
Terry
http://www.weymouthhonda.com/lease/
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just received some paperwork from Honda Finance and it does mention in there that they waive the first $1,500, there is an asterisk in there but for the most part it is true, Thanks again.
2011 Pilot EX-L Alabaster Silver with Black Leather
MSRP- 36860
Negotiated Price 32313
state tax 6%
Lic $374
Doc Fee 185
Title $25
Aquisition $595
I leased for 36 months, 12K miles a year. Money Factor .00107, residual 56% I paid for the lic, doc and title up front and first payment. Total monthly payment is $400 on the dot. I think I did well. I got roughly$4500 off and by my calcs with the invoive being 32488 without the $810 Honda destination fee was about a $1000 under invoice. I shopped 9 other regional dealers and none of them even came close. The best offer for the price of the vehicle from other dealers was $33300 even after some hard pressing.
Good luck
Thanks in advance!!!
When negotiating your deal on this truck, make sure to take advantage of the $1,250 dealer cash incentive that is currently available on it.
Car_man
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Again the $1,250 dealer cash is available.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
When do you think the 12's will be at current lease deals and can I extend the lease a few months to hit the discount time of year for the 2012 pilot? thanks.
2011 Silver/Black EX-L
Selling price $32,200
MF .00107, Res 56%
12K Miles/36mos
He incorporated the Aquisition fee into the lease to get me ato $429/month. He dropped from $489/month just last week, so i think this is a good deal considering the $32200 selling price. Any opinions welcome
msrp 41480
sale 38984
12,000 lease
residual 52% or 21,569
money rate .00107
$597/mn includes tx (9%)
Selling price $33,545
MSRP: 38,680
Money Factor: .00051
Residual: 52%
Carman,
Is money factor accurate? Another dealer provided a money factor of .00061. Also, dealer says that car is subject to gas guzzler tax. Is that true?
$0 down $1572.00 (title taxes fees etc)+428 first month.
12k 36 mo. $428 a month w/tax.
I think I did pretty good.
Thanks,
Car_man
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I need rv and mf for Touring w/Nav, 15K/yr, 2011 or 2012.
Is the dealer cash still around or has that expired?
Thanks.
Yes, there is a minimum tread requirement when turning in your Honda.
You may want to compare your current payoff amount to current KBB trade-in values. If your payoff amount is lower, your dealer may offer you a bit of cash for your Pilot (and the dealer then pays off the car and gives you the difference). I turned in my Ridgeline lease for a Pilot lease, and the Ridgeline had a couple issues beyond normal wear and tear. I ended up walking away with some cash from the dealer, rather than going through the lease turn-in. The dealer wanted it to sell as a pre-owned on their lot, so I just signed a lease payoff agreement (i.e., they payoff the lease on my behalf); rather than going through the inspection. The nice thing about this approach is that you can do it at any time without early termination penalties.
I went to my dealer today and they offered me a lease payoff, and we are seriously considering it. We'd get a '12 Touring, with the same payment we had on our '09 Touring, and no end-of-lease penalties to deal with. No cash back, but they are offering a fair amount when I look at KBB values, so I am satisfied. And I wouldn't have to buy new tires!
36mos, 15K/yr
MSRP 41,630
Selling Price 38,905
MF .00061
RV 52%
Payment $610/m including sales tax
Our payment will be $576 since they are giving us an extra $1,000 over our payoff on our old lease. Seems used Pilots are still in demand.
Haven't taken the deal yet, but probably will since we will be over 10K miles and have to replace tires if we wait until the end of the lease next May.
However, I do not think I will go with that color again. With 3 kids, all their sports & activities, including horse shows, it's not a practical choice. Obviously it shows a lot of dirt, but I wasn't prepared for how much each little scratch, nick, or ding stands out, too.
Although I'd love to get the Bali Blue this time, the dealer is telling me yet again how difficult it is to find in the Touring model. I'm thinking of going with the Polished Metal Metallic -- the color and metallic finish should hide more of the dirt & scratches. But it looks like it's just dark enough that when it IS clean (and freshly waxed and/or compounded), it will look amazing.
Honda Finance's September buy rate lease money factor and residual value for a 36 month lease of a 2012 Pilot Touring 4WD with Navigation and 15,000 miles per year are .00061 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a 2011 model are .00061 and 48%.
Honda is currently providing a $1,500 dealer cash incentive the '11 model, but nothing on the '12 model.
Car_man
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The numbers for an otherwise identical '11 model are .00061 and 55%.
Honda is currently providing $1,500 dealer cash on the '12 model, but no dealer cash on the '11 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm really looking for a Pilot EX-L w/NAV if possible
Any reasons to go with 2012 over 2011 or vice versa?
Here is what I paid for my 2009 Honda Pilot EX-L back in 2008 NOV
Do I have any leverage when returning this lease below to get a better deal?
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I just got this Leasing deal for a Honda 2009 EX-L AWD Pilot from Potamkin Honda in NYC
I cant really tell if its a good deal or not but it fit my budget
$437 per month ( tx inc) x 36months
$1000 down includes:
$68 cap cost reduction
$437 1st month payment
$450 registration fee
$45 doc fee
Total monthly Lease payments = 15,732
Total Payments for Lease = 16,295
Agreed upon value of Vehicle : $30,458
Cap Cost 32,098
Est Res Value 18,291
Adjusted Cap Cost 32,030
was wondering if the Residual and money factor are the same as what I've read on the EX....dealer is quoting me residual of 58% and money factor of .00061.. thanks for any help....selling price/lease price $33,500