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Dealer say that extras to do not increase residual value, is that true?
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Is this a good deal?
What's a TV lease?
Negotiate at least $3000 off then ask for great rate if your credit score supports it or you have history with Honda financial.
My deal RTS $27,700 free front tint.
36 months 15k year zero down 35 payments of $320.
Residual was around $18000 as I recall.
42 month 12k year will lower payment considerably.
Car_man
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You really need to know the full MSRP and selling price of the Ridgeline that you are interested in to be able to tell how good a deal you are getting on it. If you tell me these numbers, I will give you my opinion on the price that you are being given and can use Honda Finance's actual lease program to estimate what your monthly payment should be.
It is very possible that Honda Finance does not allow the residualization of dealer installed options. If that is the case, then any that you have added to your truck would have to be paid for in full over the course of your lease.
Car_man
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Car_man
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Car_man
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I have seen a few deals here a bit lower, but happy with what I got. 33K car for just over 300 a month.
Using the 54% residual value and the lower purchase price of $28,877 I get a monthly payment of about $324 (I didn't include the money factor because I'm not sure what it means), not the $355. I am seeing deals for 15K miles for less. What is the best way to proceed?
this is where i am at:
there is a Honda Ridgeline RTL. the car suggested reatail was approx. 32500. i explained that i didn't want to pay more than the 27800 listed on cars direct.
I have 4000 dollars left in payments on my jaguar.
the offer that they have made is:
42 month lease with 2000 dollars down, rolling in my remaining payments on the jaguar, for a total of 366 a month (no tax)
i am not sure if this is a good deal.
not sure what the residual is, but will check
Car_Man?? Help
money factor of .00055
residual of 54% at 17301
4000 rolled in
2000 down
total 366 a month + tax =396 total
sounds good
Car_man
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Car_man
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The best way for you to get a good deal on this truck is to negotiate as low a selling price as possible and then to have the dealer that you are working with calculate your lease payment using Honda Finance's buy rate lease money factor of .00040.
Car_man
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Car_man
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went to lease calc. put in the numbers
.0004 30,250 210. at signing 54% res value 5%tax
36 mos 15k/yr
pmt comes up 436. dealer quote is 370. ???
this cant be right - can it??
couldnt change security deposit to zero on calc- it kept putting in 450.
dealer quote includes gap ins. bank fee + sales tax
they said i have to pay excise tax on my own??
now it within a couple of bucks.
so i guess the big question now is is this a good deal?
RTL - no add ons
29,165 + 595 aquisition fee
50 factor (no security deposit) (if i want to put down 400 it goes to 40
17942 res value (56%)
36 mos 15k miles
Good Deal ??
If you r lookin for a cover check out access cover (google it) Same cap guy will install for 480. Hope this helps, seems to me that after market is the best way to go with leases!
You should not pay for the full purchase amount of add ons during the lease of the RL. The customer does not own them and returns them back to Honda after the lease.
Honda finance has a list that shows how much the dealer has to add for the total residual on the add on accessories. By using these numbers the lease should only increase by a few dollars a month for each accessory.
So think about this if a trailer hitch cost $500 and the dealer wants to charge $19 more per month for a 42 month lease. That means that the customer will pay more 900 dollars and he doesn,t even keep it. He returns it back. What a sham. :mad:
to tell me if this is a good deal. RTL with moon roof navi, no add ons, 15k miles. Dealer said price was invoice. Dealer is paying off (rolling in) my current lease $300x6 months to go. $469 for 36 months including tax at 6 1/2 percent, 0 down is the deal. Is this a decent deal in Cleveland, OH
. Thanks.
1) Honda is advertising a RT lease for $279/mo with $1500 down(which includes first payment, deposit, aquisition fee and something else. This is based off a sales price of $28, 500-ish. If I negotiate an RTL with moonroof for $29115 can I expect my payment to be a little higher? Maybe $300-ish? Or is the $29115 deal I'm looking at based on the $1000 factory to dealer incentive that would not be eligable on the lease offer?
2) I have a trade-in that has no lein. How does this value get applied? Do dealers cut you a check or does the trade-in value get applied to payments in advance?
Craig
I obtained a lease quote on a RTL w SR (no options) yesterday of $419 for 36 mo (15K miles. It seems quite high so I will continue to shop around.
Also, a glitch. In Texas all sales tax on a vehicle must be paid as part of the initial drive-out cost rather than included in the monthly payments which may account for some of the differences in costs quoted
29,569.00 Selling price 29,569.
350.00 Roof rack and upgraded security system
595.00 Aquistion fee
9.50 Filing fee
30,523.50 Gross Capitalized Cost.
0.0004 money factor (0.96 APR), 42 month lease 12K miles/yr, $350 Security deposit, no money down, 53% residual value (MSRP $33190). Monthly payments was $327 (tax not included).
If I was to do it again, I'd do it without the security system or roof rack.
Car_man
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06 RT - Selling Price (incl. dest) - $24,927
06 RTL - MSRP (incl dest) - $32,040
06 RTL - Selling Price (incl. dest) - $28,927
I would like monthly payments based on 42 months, 20,k and 25 k per year. My tax rate is 7% and I am located in Illinois. Thank you.
RT sale price = $25177.00
36 months/20k miles per year $408.xx per month
residual = $14320.00
rate = .00094
36 months/25k miles per year $449.xx per month
residual = $12820.00
rate = .00094
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RTL sale price = $28582.00
36 months/20k miles per year $474.xx per month
residual = $15801.60
rate = .00094
36 months/25k miles per year
residual = $14301.60
rate = .00094