Last post on Dec 12, 2013 at 7:49 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Odyssey, Van
#19676 of 30588 Re: To: MPLSHONDADLR [sjrsrini]
Jul 08, 2008 (7:21 am)
MPLSHONDADLR has stated, with significant authority, that the new incentives, at least in the MPLS region, are $2500 and the special financing that was in place last month. Maybe it is different in NC.
As I have stated in previous posts, the special financing of 0.9% for 3-years is typically worth about $1500 to the average Odyssey buyer that qualifies. If it is actually $2000 and the special APR or $2500 and no special APR, for most buyers, the decision should be obvious.
Last month's Ridgeline incentives were more in line with my reasoning. If I understood correctly, Honda offered Ridgeline buyers either $3000 and special APR or $4500 and no special APR, making the 'value' of the APR $1500.
#19677 of 30588 $2500 and Special APR
Jul 08, 2008 (7:36 am)
Question: do we automatically get the special APR on top of the dealer cash (assuming excellent credit score)? Is the special APR from Honda manufacturer that the dealer has no saying? What I am saying is should I just negotiate and agree the price of the van and then ask for the special APR? Or include the special APR in the deal from the beginning? Thanks a bunch.
Jul 08, 2008 (8:17 am)
I just looked back over the incentive bulletin again. I was wrong!!!
The dealer either gets $2500.00 in dealer cash OR the consumer gets 0.9% or 2.9% and $1500.00 in dealer "finance" cash.
For 07/08 through 09/02. If you still want the low-rate option, you have to add $1000.00 to the selling price.
I am sorry for any confusion this may have caused .
#19679 of 30588 Re: CORRECTION [mplshondadlr]
Jul 08, 2008 (8:39 am)
So, in my opinion, there is no way to view the July incentives as anything other than a reduction of $500 from June. In June you could get $2000 dealer cash and special APR. In July it is $1500 and special APR.
Choosing $2500 cash and no special APR, in my opinion, is roughly equivalent to $1000 dealer cash and special APR. That is, I personally value the special APR at $1500 at a minimum and would not select this option.
Oh well, you win some and you lose some by waiting. It looks like I will be waiting to see what may come in August.
Jul 08, 2008 (8:53 am)
This one goes through 09/02. By then there will be few if any 2008 Odyssey van's left.
#19681 of 30588 Don't understand it !!
Jul 08, 2008 (9:03 am)
I thought the special APR is from the HFC; i.e. the HFC finances the loan, not the dealer. Then why does it have any thing to do with the dealer cash? Or does it mean the dealer only gets $1500 from Honda if the customer chooses to finance with HFC? If the customer has his/her own finance, then the dealer will get $2500 ??
#19682 of 30588 Re: Don't understand it !! [slowcar]
Jul 08, 2008 (10:21 am)
"Or does it mean the dealer only gets $1500 from Honda if the customer chooses to finance with HFC? If the customer has his/her own finance, then the dealer will get $2500 ??"
That statement is correct.
#19683 of 30588 Re: CORRECTION [mplshondadlr]
Jul 08, 2008 (10:23 am)
Quick question - any word on whether or not a lease deal will continue? In particular, the money factor of .00077? Or, is any of the dealer money allowed on the lease like before?
#19684 of 30588 Re: CORRECTION [trumpy]
Jul 08, 2008 (11:22 am)
Hold on there trumpy...you need to slow down before you do irreparable demage to your finances.
It looks to me benf and mplshondadlr are reading from the same script.
mlpshondadlr, can you provide more than just your words as proof for the new incentive?...just need verification.
benf, are you a dealer as well? ... you sure do seem like one.
#19685 of 30588 Re: CORRECTION [chud2001]
Jul 08, 2008 (11:38 am)
I am not sure what it was that I wrote that led you to believe that I am a dealer (or, for that matter, how I should react), but I am not. I am the owner of a 2000 Odyssey that started considering the purchase of a replacement as of mid-May. Acutally, I am an engineer, just trying to "work" the best possible deal available.
Just out of curiosity, what was it that I wrote that gave you the impression that I was a dealer? If you read my posts carefully, I am the one asking for and responding to information, not providing it. I tend to be overly thorough in my analysis, but that goes with the territory of being an engineer.