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Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
24381 messages, Last post on Dec 05, 2009 at 9:37 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, I've been getting quotes from Dealers here at the NE area. The best I've got for 08 EXL&RES is 27071 (includes dest), 298 doc fee, 85 TTL. Any thoughts? Thanks. |
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| just bought a honda odyssey ex here in northeast pa for $23400. i thought that was a good deal.i;m now looking to add a RES, whats the best option. | |
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Replying to: mosquitosan (Aug 14, 2008 11:33 am) |
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Boch in MA is advertising every EX-L with RES in stock with a MSRP of $34.4k for $258/mo for 36 mo's with 1998 down and a 54% residual. Price does not include Tax Title and Reg (assumes includes destination). If you follow my math: Total lease payments are $9,288 (258*36) Down payment is $1,998 Total lease payment $11,287 (which should equal 46% of the price) Lease b/o should then be $13,250 (Lease payments of $11,287 * (54%/46%) So total purchase price s/b $24,537 Can anyone think of what else I'm missing here? This doesnt factor in lease fees which they could use to bump up the price. The only other thing I could think of is that this assumes a zero interest rate embedded in the lease, but if the interest rate was 2 or 3%, that would only lower the lease payments going against the cap cost, and thus lower the purchase price. TIA for any thought and if anyone has dealt with Boch recently.
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Replying to: jmd164 (Aug 18, 2008 2:43 pm) Any thoughts?
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Replying to: airoops (Aug 18, 2008 2:54 pm) First... I wouldn't assume that $1998 is going to cover everything but tax... If an ad leaves out a lot of information, and if the price looks really low, then you should assume the worst... $595 acquisition fee? $299 doc fee? Destination charge? It can go on and on... Second.. The lease buyout (or residual) is a set percentage of the MSRP.. The selling price or the total of lease payments have nothing to do with it... If the MSRP is $34,400 and the residual percentage is 54%, then the buyout is $18,576... Third.. Part of your lease payment (as you noted) goes to finance charges... You'd have to know how much of it to calculate the rest of the equation.. You can go to the Honda Odyssey Lease Questions forum and get money factors and residuals... From there, it is a lot easier to calculate the actual selling price... Or, you could call Boch and ask them for the total amount due at signing on the lease in the ad.... Don't be shocked if it turns out to be $4000... regards, kyfdx Host-Prices Paid Forums
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Replying to: twinphoto (Aug 01, 2008 5:19 am)
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Replying to: jgz (Aug 12, 2008 6:03 pm) Best offer so far: Selling price: 27036 Sales tax (6.25%): 1689.75 Other fees (doc, title, lic, regis, inventory): 255 Out the door cash price: 28,981 At least one other dealer has offered to match or beat that price. According to my calcs, this selling price is fairly close to their cost, so seems like a good, reasonable deal to me. Any thoughts? |
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Replying to: sneezy2 (Aug 18, 2008 8:27 pm) Selling price: 27036 If it is not financed through Honda you should be $500 lower. Try it.
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Replying to: reesy (Aug 18, 2008 8:10 pm) Be patient, I think they may switch promotion to EXL next week or in month of Sep. The monthly specials should be posted online by 6th or 7th day of the month. |
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