Update: Accords got a dropped across the board in residual value by about 2% compared to June. The money factor also dropped to compensate. I believe there is some cash available to help lower the payments further. Solid ride, duarable, plenty of space. I wouldn’t get one, but that’s a personal thing. I find Accords don’t fit my “fun-to-drive, great to look at” requirement. It does fit the “great lease program, practical” requirement though.
Civics dropped in residual and the MF stayed the same. Not good, but there is cash available until September.
CRV residual drops 1% but MF drops significantly from last month. Good stuff.
Don’t have much of a comment regarding the Pilot. MF too high and Res is too low for me to care.
2010 Honda Accord Coupe EX-L V6
36-month | 15k miles | residual 50% | .00121 base money factor
2010 Honda Accord Coupe EX-L V6 w/ Nav
36-month | 15k miles | residual 48% | .00121 base money factor
2010 Honda Accord Sedan 4-cylinder EX-L
36-month | 15k miles | residual 54% | .00121 base money factor
2010 Honda Accord Sedan 4-cylinder EX-L w/ Nav
36-month | 15k miles | residual 52% | .00121 base money factor
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2010 Honda Accord Sedan V6 EX-L
36-month | 15k miles | residual 52% | .00121 base money factor
2010 Honda Accord Sedan V6 EX-L w/ Nav
36-month | 15k miles | residual 50% | .00121 base money factor
2010 Honda Civic Coupe LX
36-month | 15k miles | residual 57% | .00127 base money factor
2010 Honda Civic Sedan LX
36-month | 15k miles | residual 55% | .00127 base money factor
2010 Honda CR-V EX-L AWD
36-month | 15k miles | residual 57% | .00137 base money factor
2010 Honda CR-V EX-L AWD w/ Nav
36-month | 15k miles | residual 56% | .00137 base money factor
2011 Honda Pilot Touring AWD
36-month | 15k miles | residual 53% | .00181 base money factor
My Take: There is $1500 in cash to dealer that is set to expire 6/30/09. If you want a Pilot right now, be sure to take that cash into consideration. Again, I’d like to remind you that DEALER CASH is not the same as CUSTOMER CASH. When it comes to CUSTOMER CASH, you are entitled to it, as for the DEALER CASH, that’s pretty much at dealer discretion. I often get questions regarding whether I can confirm the DEALER CASH, the reality is that I can’t. If the dealer needs to make the sale, they’ll tap into it. I usually advice that you take it into consideration when negotiating with your dealer, not by asking him/her for it directly, but by including it in your offer price. As far as the Pilot’s lease is concerned, the “Nav/RES” packages really drop the residual signinficantly so be careful with that. The Pilot may be a decent lease-to-buy because the financing APR isn’t very low (5.99% for 60 months). If you were to lease-to-buy a Touring model with Nav and RES for example, you would pay 3.624% on 55% of the car and then you would either payoff the remainder in a balloon payment or finance the rest (hopefully at an interest rate lower than 5.99%). If you manage to get an APR lower than 5.99% for the remaining 45% of the car’s value, you’ll probably save yourself a decent chunk of change.
