Howdy, Stranger!
It looks like you're new here. If you want to get involved, click one of these buttons!
Quick Links
Howdy, Stranger!
It looks like you're new here. If you want to get involved, click one of these buttons!
Quick Links
Have you recently tried to purchase a new vehicle after being out of the market for a while and found that prices were much higher than you expected? A reporter would like to talk to you; please reach out to [email protected] by 1/22 for more details.
Meet your fellow owners in our Owners Clubs
Comments
You don't mention how many miles per year your parent's offer is for or if it's FWD, 4WD, etc.
Let's use the below as an example.
According to Car_man, Honda Finance's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Pilot EX-L FWD with 12,000 miles per year are .00039 and 53%, respectively for consumers who qualify for its "Super Preferred" credit tier.
This vehicle has an MSRP of $35,550 and an invoice of $32,573. I would definitely shoot for a selling price of at least invoice, if not lower, and then subtract the $750 dealer cash available this month for a cap cost of $31,823.
Using those numbers I come up with a pretax payment of $380.36. Depending on your states tax rate, I'd think you should be closer to $400 per month, including tax.
Do they know what the money down is for?
I'm trying to get all of the details about the down payment from them but they don't have the papers. (They are picking up the car and signing off next week.) So you think they should be paying somewhere in the neighborhood of $400 with no money done, right?
Thanks Again!
The money factor and residual value that you mentioned don't make sense, but your payment looks great and that's ultimately the most important number.
I'm glad that your wife likes your new vehicle...that's even more important than the payment
Enjoy your new ride!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
This program is scheduled to run through September 4th. It's difficult to say what the September program will look like at this point.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2012 Honda Pilot AWD EX-L (no res or navi).
Lease payment included all taxes/fees/etc. is $445/month for 12k miles a year (36 month lease).
This sound reasonable?
2012 Honda Pilot EX-L 4WD lease for 36 months and 12K miles a year:
Sale price: $33,495
DMV: $353.75
First payment: $451.64
Acquisition fee: $595.00
Doc fee: $80.00
Tax: $6.20
Monthly payment: $451.64
Is this a good deal? Any one know if the lease rates will be much higher for the 2013 Honda Pilot EX-L?
Carman- does this sound good to you? I have used tactics learned on this website and have quotes from all over So Cal (Los Angeles, Orange County, Riverside, and San Diego) and this was the lowest I could get it.
We are ready to sign the lease (there is only 1 4WD left at this dealership) but I am trying to wait to hear from you or any other expert here! Thanks so much!!
Also, I read a former post from Carman that said August numbers for money factor/residual was .00038 and .54. Is the following quote a good enough deal considering his numbers?
2012 Honda Pilot 4WD EXL
36 month lease with 12k miles per year allowance.
$0 down payment, $0 first payment, $0 dmv for first year and $0 security deposit ($0 due when you take the vehicle)
$467.40 per month (payment dropped when I put in the actual county. You must have slightly lower dmv fees)
Money factor: $.00048
Residual: 52% ($19318)
Read all the great leasing info on Edmunds, and used their website to send inquiries to nearly 30 dealerships in the San Diego, Los Angeles, and San Francisco areas. Presented the lowest offer I got to other dealers and kept repeating that process until no one was willing to match the lowest offer (not necessarily the lowest sale price- but the lowest money paid by end of lease).
Ended up with a deal from a dealership in Los Angeles:
Sale price: $33,979.31
0 down, 0 money out the door
36 mos, 12,000 miles/yr
Money factor: .00038
Base monthly payment: $444.27
Monthly payment with 7.75 tax: $478.70
I did have a lower negotiated sale price and monthly payment deal with a dealership in San Francisco, but they claimed that AHFS wouldn't give me the money factor of .00038 and instead offered .00102 (with income verification required even). So they upped my monthly payment by $33! Not cool especially since I'd already booked a nonrefundable air ticket for $350 to go get the car!
That particular San Francisco dealership claimed that they had absolutely no choice on the money factor because it was stipulated by AHFS and that it would be the exact same money factor regardless of which dealership I went to. Obviously not entirely accurate since the Los Angeles dealership was able to give me the .00038 money factor from AHFS! And both dealerships had used the same credit score (Experian Auto 689).
Anyways, Carman, what do you think of the deal? So Cal is definitely more expensive than Northeast, but was this a decent deal?
Please inform me of September MF and RV on a 2012 Pilot EX-L FW (with & without RES/NAV), 12k & 15K lease for its top credit tier. Also, please let me know of other incentives and cash offers I can take advantage of.
I reside in the Atlanta, GA area. There are great deals on the remaining 2012's and I want to take advantage.
Thanks.
What a great forum been lurking for a while and very much appreciate all the good info and education from previous posts. Been looking at 12 EX-L and EX 4X4 with not nav or RES. Today I got some more specifics of where the 460/mo payment is coming in on the EX-L as this is what I am really shooting to get. At first they reported teh MF to be .00048 which I initially thought was a typo and then he came back to report that it actually .00032 which I would assume would help my payment. This was the quoted residual with 500 down
EX Residual Value: $19,969.20 = 54%
EX-L Residual Value: $19,229.60 = 52%
There is about $381 in accessories for a wireing harness and wheel locks which I am planning to see if they will throw in? Am I missing something here not calculating out. I have checked that Wymouth Honda lease calulator and im not sure how they can get such low monthly payments but thought I would throw those caculations out there to see if they could get close. Any insight or information would be appreciated. Thanks!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with only 12,000 miles per year would be 2% higher.
Honda is currently providing $1,000 dealer cash on this model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What is the money factor and residual for a 39-month lease on both an EX AWD and EX-L AWD. Also, any other incentives offered this month?
Many thanks, in advance!
The numbers for an otherwise identical lease of a '12 Pilot EX-L AWD are .00048 and 50%.
I provided you with the 36-month numbers for this truck instead of the 39-month numbers because that is the longest term that Honda's special money factors are available for. If you go to 39 months the money factor jumps to .00155.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
2 more questions: Think you've said that the residual would be 2% higher for a 12,000 mile/year lease, but what is the MF based on a 12,000/year lease? Also, do the MF and residuals change for a 2013? What about the dealer cash incentives?
The numbers for the 2013 model are different.
Honda Finance's September buy rate lease money factor and residual value for a 36-month lease of a 2012 Pilot EX AWD with 15,000 miles per year are .00155 and 57%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
The numbers for an otherwise identical lease of a '12 Pilot EX-L AWD are .00155 and 55%.
There is no dealer cash on the '13 model yet either.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you all in advance.
No added options.
MSRP - $37,150
Negotiated Price - $32,500
3yr 36,000 mile lease
Money Factor .00048
With tax and all fees - $3,000 Down/$352.77 mo
Purchase Option At End $19,318
When negotiating your deal on this truck, make sure to take advantage of the $1,750 dealer cash that is currently available on this model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you in advance.
as your 900 down takes off about 30 bucks a month
$390/month for 35 months with $0 due at signing. Special Lease Offer includes down payment with no security deposit. Excludes taxes, titles and fees. Not all buyers may qualify. See dealer for complete details.
FEATURED SPECIAL LEASE: Closed end lease for 2012 Pilot 5 Speed Automatic 2WD EX w/Leather (YF3H5CJNW) available from September 21, 2012 through October 31, 2012, to well-qualified lessees approved by Honda Financial Services. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $35,550.00 (includes destination, excludes tax, license, title fees, registration, documentation fees, options, insurance and the like). Actual net capitalized cost $31,837.53. Net capitalized cost includes $595 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Total monthly payments $13,650.00. Option to purchase at lease end $18,486.00. Must take new retail delivery on vehicle from dealer stock by October 31, 2012.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
EX-L NAV 4x4
$1000 down
$495 a month includes tax
really interested if the cash back has gotten better
Honda Finance's November buy rate lease money factor for the 2012 Pilot is .00022 for consumers who qualify for its top credit tier.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
picked up 2013 EL-L Nav 4WD
36,300
488 including tax lease with first month payment and tags only
3 year 12 miles buy out is 21k and change
Could you please post the residual value and money factor for the 2013 Pilot LX 2WD and EX 2WD models? Thank you.
The numbers for an otherwise identical lease of a '13 Pilot EX 2WD are .00022 and 56%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks!
Thanks very much.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The (3)yr 12k mile Honda Lease on this Pilot would be as follows:
Drive – offs @ $936.60 which includes your First Payment and monthly payment @$452.95 plus Sales Tax/Lic/Fees = around
$488.00 depending on your Tax Base.
.
msrp was 39 final sale price was 36,300
Max you should be is $550 if you qualify for tier 1 credit.
Will they give me a chance before turning it in to repair what they find wrong?
How much does honda allow money wise worth of damage? I have none now but who knows what will happen.
Thank you.
if you have damage like cracked bumper, you will need to fix it, they only ignore small stuff
MSRP 30,250
Price 28,050
$1500 down
Rate :1.37
No payment for first 45 days
36 months
Payment is $295
If we put $0 down the payment would be around 330
Thoughts? Advice?
Thanks so much for any help!