Last post on Dec 05, 2013 at 1:25 PM
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Honda Odyssey, Van
#20038 of 30569 Re: Converting advertised lease price to purchase price [airoops]
by kyfdx@Edmunds HOST
Aug 18, 2008 (6:45 pm)
Well.. you can extrapolate a purchase price from lease information, if you have all of the other variables... but, your example is missing way too many of them..
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...
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#20039 of 30569 Re: Price Paid for EX-L [twinphoto]
Aug 18, 2008 (8:10 pm)
I'm looking to buy the EX-L from any dealer in the Boston area. I plan to pay cash with no trade and the best I'm seeing so far is 25,800 + 295 doc fee. On 8/1 "twinphoto" posted a purchase from Boch in Norwood for 25,357. Is anyone seeing anything close to that right now? I test drove the car at Boch and the salesman is horribly slow in getting back to me after originally telling me "about 25,000" while I was halfway out the door (I hadn't done my research yet and wasn't ready to buy that day). Of course he came back with a 26,700 price when I called him back. I'm now ready to buy and any input from Boston area buyers would be appreciated.
#20040 of 30569 Re: [jgz] 08 EX-L in Houston
Aug 18, 2008 (8:27 pm)
Hi, I'm also shopping for an 08 EX-L in Houston area! Got 8 quotes so far, one of which is almost identical to the one you posted on 8/12/08. That one was the 3rd highest in price on my list of emailed quotes, b/c of the unwanted add-ons.
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?
#20041 of 30569 Re: [jgz] 08 EX-L in Houston [sneezy2]
Aug 18, 2008 (10:22 pm)
Best offer so far on EX-L in Houston:
Selling price: 27036
If it is not financed through Honda you should be $500 lower. Try it.
#20042 of 30569 Re: Price Paid for EX-L [reesy]
Aug 19, 2008 (8:38 am)
Boch's promotion this week and this month has LX trim.
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.
#20043 of 30569 just bought exl/$25,600, a little bit concern
Aug 19, 2008 (9:12 am)
just bought exl for $25,600 last night, best offer I could ever imagine based on any other offers I got from the dealerships around my area; so I nailed it right away. Then they pulled it from their storage place because they don't have the color I want on site. It's very, very dirty with bird droppings on it; and it has 20 miles on it; all the plastic wrappings on the seats and floors(except driver's floor) are removed; the price stickers on the window are removed, too; and the guy did pull the handle three times when he tried to close the side door. All of the these gave me the feeling that it's not brand-new. Is it possible a demo one or the one has been test-drived a lot? or the one with minor defects? Or am I just worried too much?
We haven't pick up the car yet because they'll wash it up today. Can we still do something? Please give some advices. We're not very experienced in buying new cars, this is our 2nd one. Thanks in advance.
#20044 of 30569 Mpls MN 08 EXL-RES
Aug 19, 2008 (10:00 am)
Just purchased an 08 EXL-RES last Friday. E-mailed fifteen dealers. Ten responded. Low bid for base price including destination was $27,764 or $28,764 with financing. As far as I can tell, that was:
Invoice, less dealer cash, less holdback: $31,282 - $1,500 - $1,014 ($33,810*.03) = $28,768.
They offered $1,000 less for no financing.
The dealer had a documentation fee of $75. Since tax, title and license are not negotiable and vary so much state to state, I have not included those numbers.
Remaining quotes for base price ranged from $28,864 to $30,890 with financing. We accepted the best quoted price as no dealers wanted to improve their bid below that number. Got pre-approved for financing on-line at the dealer website. Went in, test drove the van, signed papers and left. Total time about 1.5 hours. No trade-in. All in all a great experience with the dealer. Total time from first e-mail to purchase was four days.
Aug 18, 2008 (7:16 pm)
planning to lease or buy EX-L end of this month or end of next month.
1. what is the current best prices?
2. should i wait for end of next month?
3. will there be any better deals after Sep 02nd which current .99% 36 months promotion ends?
#20046 of 30569 Re: just bought exl/$25,600, a little bit concern [liminer]
Aug 19, 2008 (10:33 am)
If you feel uneasy then better ask to change to another one, or the 2nd choice color with same MSRP if they got only 1 in your 1st color choice.
Better late than sorry.
#20047 of 30569 Re: Quote on a 2008 EX [exbuyer]
Aug 19, 2008 (12:15 pm)
i paid 23400 i had to put down 414 which was dealer prep fees, destination and first month payment. i didnt even haggle on the price, the dealer was much lower than any other around. he was 2000 below the two other closest honda dealers.