Deal check* Trading in my 2019 Honda Pilot Touring (23k low miles) for a new 2024 Honda Pilot Elite. Pay off on 2019 Honda Pilot $22700 (excluding tax). I had extended my lease to 55 months from 36 months. Getting offered 476+tax pm $0 DAS for 36 months/10K (after adjusting equity of about 8k on the…

[image] MGAL: Getting offered 476+tax pm $0 DAS for 36 months/10K (after adjusting equity of about 8k on the 2019 vehicle Technically, your DAS is $8k in equity and not $0.

We really can’t evaluate your deal without the detailed numbers. As mentioned, you are putting down $8k in trade equity. The dealer is not picking up anything for you. Get the detailed breakdown and post it here. This seems like an expensive deal given a true cost of over $700 per month.

[image] MGAL: dealer will cover taxes and fees and first month payment They’re not covering jack. It’s coming out of your pocket using your equity. [image] MGAL: Deal check* Trading in my 2019 Honda Pilot Touring (23k low miles) for a new 2024 Honda Pilot Elite. Pay off on 2019 Honda Pil…

Thanks @Wtmeyer . They are yet to give me the exact rebates but they gave me the residual this morning so here are the details. But seems like the comments I am getting it does not seem like a good deal at all even if I am saving 2.5K on Sales tax by trading with a Honda dealer: MSRP (including 399 …

You should be getting 64% residual and .00205 MF. You may also be eligible for a $750 Loyalty rebate. Make sure all these items are factored into the deal.

Your best course of action would be to shop around with the goal of (1) maximizing the equity and (2) finding the best price on financing the new Pilot. Drive that for the next ~4 years until the next generation comes out. It’s bad enough to pay a huge premium to do 3yr lease cycles instead of 4-5…

It appears they are not providing much of a discount if the Cap Cost is 46729 which is just your $8K equity down payment. The discount off MSRP is likely only the taxes and fees they mentioned, which is not much if you are getting another $2500 in tax savings by trading in the old Pilot. Since the 2…

Thank you so much! Yes, it does seem they are offering much and 2025 models are enroute. Also, I checked my payoff and seems like its around 21.5k (including taxes) and given the low miles and the Elite does not really provide any substantial new enhancements, I am now inclined to keep the vehicle. …

Deal check - Honda Pilot Elite 2024 (Trade in 2019 Pilot Touring low miles)

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Bluemkn57cars March 15, 2024, 1:12pm 2

Technically, your DAS is $8k in equity and not $0.