Leasing advice please!

[Mooondog]

My wife is considering a Pilot. Currently has a 2004 Yukon Denali XL but got into a fender bender yesterday and so we decided it's a good time to move onto something new.

We are interested in leasing it as she only drives about 8,000 miles per year. The 2004 Yukon has only 58,000 miles on it.

When I go onto the Honda website to calculate lease pricing, they only offer 12,000 and 15,000 mile lease options. The absolute MOST I want is 10,000 which should lower our lease payments.

Would the Honda dealer offer different leasing options with respect to mileage? Haven't been to a Honda dealer since I bought my 1993 Accord!

[Arizonaadam]

The dealer won't have any other HONDA-financed leases available. Honda financial only offers the 12k and 15k options. They might offer third-party leases, but I'd personally avoid it.
But really, why do you want to cut it so close anyway? Extra miles on leased vehicles are expensive!

[Mooondog]

Originally Posted by Arizonaadam

The dealer won't have any other HONDA-financed leases available. Honda financial only offers the 12k and 15k options. They might offer third-party leases, but I'd personally avoid it.
But really, why do you want to cut it so close anyway? Extra miles on leased vehicles are expensive!

my wife drives 7,000-8,000 miles per year. That's not going to change so it's not cutting it close. With a 12k mile lease, I'm getting ripped off because in 3 years I'm going to deliver them a car with 24k miles on it and I've essentially paid for 36k miles. Simple as that.

[shotz]

The great thing about leasing is that they set the final buy price on the car when you first sign the lease.

If you get the 12k lease and only use 8 per year. You will have a very low mileage honda that keeps its resell value very well.

You can either buy the car at the end and then sell it. Or you can use the equity in the car in a trade for the next lease.

My 2009 pilot was leased. It had a buyout price of 19,800. But the black book value was 24000-28000. I negotiated to trade in my leased car for 27500. Giving me almost 7700 in my pocket.

So I would not be afraid of the 12k lease.

Good luck

[Arizonaadam]

Originally Posted by Mooondog

my wife drives 7,000-8,000 miles per year. That's not going to change so it's not cutting it close. With a 12k mile lease, I'm getting ripped off because in 3 years I'm going to deliver them a car with 24k miles on it and I've essentially paid for 36k miles. Simple as that.

Simple, huh? Ripped off??? More like unreasonable expectations. Perhaps you should demand a custom lease that tracks your location by GPS and adjusts your lease payment monthly. They should shave off a few bucks for regular washes, too.

[1YESfan]

Why not consider downsizing and leasing a Nissan Leaf or Chevy Volt. Imagine the gas-dollars savings.