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Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
24267 messages, Last post on Nov 08, 2009 at 6:12 PM
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| Maybe this post is out of order here, but it may help someone. I drive 30K miles a year and have traded out of my LX Odyssey every year since I got my first one in 2004. Usually it costs about $5500 plus my van to get the new year's model. This year, as usual, I contacted about ten S Fl Honda Dealers via E Mail looking for the best deal. KBB says my trade is worth $18K, but the highest offer I got for my 08 excellent condition 29K mile Odyssey was $12K. The low offer was $10K. Yes these offers were against the discounted price of about $24K on the 09 and I know the economy is in the doghouse, but ten grand! I will be driving the 08 for some time. I've always used this forum to my benefit, so I thought I'd share my experience. If you trade frequently as I do, you may want to look at a used Odyssey. The price may be a lot lower than you thought. | |
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On December 31st we pulled the trigger and purchased a 2009 Odyssey EX-L (Taffeta White with Ivory leather interior) with Nav & DVD after pursuing competitive bids over the several previous weeks with 10 different dealers. Final price was $33,410 (includes the $670 delivery fee) plus document fee, taxes, and plate transfer. We could have purchased it for about $400 less but we opted for the closer dealer who also happened to be a better overall sales experience. Took the 1.9% financing from Honda. Since found out that Honda has offered a $1250 consumer incentive that was only available for this weekend (Jan 3-5). Likely an offer of incentive from the single dealer who emailed this to me but worth knowing if you're still in the market. Wish I had waited but had no expectation Honda would come through with an additional incentive so took the best deal available.
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Toyota, Honda lead declines in Dec. auto sales From Yahoo news: http://news.yahoo.com/s/ap/20090105/ap_on_bi_ge/auto_sales "DETROIT – Toyota and Honda's U.S. sales fell more than their U.S. competitors' in December, with Toyota's 37 percent decline and Honda's 35 percent drop showing the Japanese company's popular fuel-efficient models were little help as consumers steered clear of showrooms due to the dismal economy." And later in the article: "Honda sold 86,085 vehicles last month, down from 131,792 a year earlier but up from 76,233 in November. The month-over-month improvement was a trend seen by most automakers." |
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Replying to: abreillatt (Jan 05, 2009 12:00 pm) 
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I am also looking for an EX-L with RES & NAV, and don't really care if its 2008 or 2009 - has there been any major improvements in the 2009 model? Can anyone recommend a Chicagoland dealer who's offering decent deals at the moment. Has there been any changes in the rebates/incentives from today? tks
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Anybody know if Honda came out with an Odyssey factory price incentive? If so, does it cover the Touring model, how much is the incentive, and when did it go into effect? I ask b/c we struck a deal on January 3rd,(last Saturday) and the dealer said there were no purchase incentives, other than 1.9% financing for 36 months and 3.9% for 60. We left a deposit, and submitted our financing application, but haven't taken delivery yet, so I'm hoping we will 'qualify' for any incentives should Honda now have one in effect. Please help! Thanks all
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| I am not yet aware of any new incentives on the 2009 Odysseys, but I am hopeful that they will be announced in the coming weeks. It would be great if they announced some new ones today, but it might be too soon after the last incentives expired. I have been following 2009 Odyssey prices for the past month with multiple e-mails to multiple dealers in my area and I have received quotes for 2009 EX-L with DVD and NAVI ranging from $33,288-34,213 (inlcudes destination) plus tax,title, license and "document fees" which range from $119-169. Really this is about as low as they will go and the dealers tell me that they hope Honda will announce some newer incentives as well. I am also not optimistic that Honda will annouce both financing and cash incentives that can be combined. It will probably be an either or situation, but hopefully I'm wrong and my waiting will pay off. | |
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Replying to: SUPERBOAT21 (Jan 05, 2009 7:31 pm) |
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Hi gang, in case it can help someone, I'll break down the deal I struck last night. Having done all my research and been prepared, I picked up the phone about 6:30 pm, talked to the "internet" guy at the closest dealer to me and was done signing papers about 9pm; that includes about 20 minutes to drive over there once we had an agreement. I'm in St Louis MO. 09 Ody EXL with RES (rear entertainment system - the DVD player) but no nav. MSRP - $35,325 (note as of Jan 1 has gone to $35,425) Agreed upon selling price: $31,119 (dealer invoice minus $1250 incentive plus $309 in profit - includes dealer's doc fee of $159). Wrote it into a lease using these details: 36 months, 15K per year miles Residual value 48% (note EXL without RES would be 49%) Money factor - .00101 (note this is really good, roughly equivalent to 2.4%) Waived security deposit per letter from AHFC (Amer Hon. Fin. Corp) as a returning lessee. That letter also preapproved credit well above what was needed for this van. Capitalized the AHFC acquisition fee ($595) - otherwise known as baking it into the lease payments so no money down. Roughly $42 in title fees, etc. My local tax rate is 7.575% All this cooks out to a monthly payment of ~$495. Wrote a check for the first month only and was home by 9:30, so three hours completely start to finish with essentially no stress at all. A couple notes on the above: The price is about $100-$150 higher than I had in mind but being comfortable in general with my numbers, I was fine with it. A buck fifty spread over 36 lease payments isn't worth grinding over. As to the $1250 incentive, it (note to Superboat21 - this might help you since you did paperwork on Sat 1/3 - you should ask to see if they'll apply the incentive money - negotiate as you see fit) was a surprise pop-up incentive just for the weekend that someone posted about above - thank you very much, abreillatt. It expired yesterday but I wouldn't be surprised to see some support on the 09 Ody come out in today's program - but who knows...). Anyway, hope this helps, Squirrel
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Replying to: squirreljam (Jan 06, 2009 8:08 am) Haven't spoke to my dealer yet, but they are suppose to have the car today, picking it up tonight. I might pull my trade out of the deal, as im having second thoughts on giving up that car. It's only valued at $5k. If I do so, do you think that will get me any further leverage in the selling price? I'm sure the car will go straight to the auctions, as it's a 2002 with 75K miles, so it's not like they will be putting it on their lot... Thanks everyone! |
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