Last post on Dec 08, 2013 at 8:08 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Odyssey, Van
#29861 of 30573 Odyssey purchase question
Apr 16, 2013 (12:15 pm)
My wife has a 2010 Honda Insight Lease which ends May 31st 2013. Our original plan was to wait til around Memorial Day May 25th to look for a 2013 Honda Odyssey. Hoping to get a good deal due to holiday sales and end of month deals. But I see that now is also a good time due to incentives and financing specials. Im looking for advice on if I should look now or stick it out until lease is actually over.
#29862 of 30573 Re: Odyssey purchase question [jessewk]
Apr 16, 2013 (4:57 pm)
I had the same situation. My lease ends in June but I just made a deal for a new lease. If you're car is great condition and your mileage is low trade in your lease car for new. Dealer will work in the remaining payments with the new lease.
#29863 of 30573 DC Area - EX-L Base - Price Paid
Apr 17, 2013 (2:13 am)
Sales Price : $28,914
Processing Fee : $499
Destination : $830
Taxes (for VA): $929.80
Tags etc: $156.69
OTD : $31,329.49
This included "at no extra charge" wheel locks ($82) & Splash Guards ($104) Cargo Tray ($114)...$ values are list (I don't have broken down numbers for these).
Other bonus is that they offered KBB "Excellent" on the trade.
At another dealer had negotiated another offer - but didn't go with it because trade in was slightly less:
OTD: $31,074.75 (no wheel locks splash guards or cargo tray)
#29864 of 30573 Re: 2008 Odyssey in high demand? [mike20878]
Apr 17, 2013 (3:10 am)
I get these things almost on a monthly basis. Often times they refer to vehicles I no longer own. They are designed solely to entice a person to visit the dealership, which is any dealer's main goal.
Really, what does Top Dollar actually mean? Nothing!
#29865 of 30573 Re: Odyssey purchase question [peko]
Apr 17, 2013 (3:33 am)
A dealer will always work the remaining payments into a new lease as long as the result does not exceed the lease payment for which a person qualifies. That lease payment is set by the financing company not by the dealer. However, a dealer may have some influence with the finance company which might, in some circumstances, result in a higher payment being allowed.
If the finance company sets the lease limit for a person at $500, a dealer can essentially add anything to the capitalized cost of the lease as long as the monthly lease payment does not exceed $500. If the terms of a lease result in a lease payment of $525, the dealer will request a reduction of the capitalized cost from the leasee to achieve the $500 payment amount. Of course, a savy buyer would attempt to have the dealer reduce the sellng price of the vehicle to achieve the $500 payment.
Other restrictions on the lease include a limit to the total capitalized cost by the financing company set at a percentage of the MSRP of the vehicle. Depending on a person's credit profile, that percentage may be more or less than the MSRP. For example, a person with poor credit might be financed at 80 percent of MSRP while a person with great credit might be financed at 110 percent of MSRP.
All of these computations are conducted in the little F&I room in the back of the dealership. The sales person has nothing to do with these events. The F&I managers have the dual role of getting the buyer financed while, at the same time, greatly improving the dealer's profit. The profit motive of these people means they are rarely a buyer's friend.
#29867 of 30573 2013 exl with res and accesories good price?
Apr 19, 2013 (12:17 pm)
I have an offer in hand for a new odyssey ex-l with Res with remote start and roof rack which are add on accesories for 31,700, plus tax and registration. Sounds pretty good to me, any opinions?
#29868 of 30573 Re: 2013 exl with res and accesories good price? [ocabs75]
Apr 19, 2013 (1:15 pm)
It looks like you can get the EX-L at much lower price, at around $29k.
Must be new incentives started, which hasn't posted, but prices are coming down, FAST.
#29869 of 30573 2013 Honda Odyssey: EX-L NAVI
Apr 21, 2013 (4:30 pm)
Yesterday I stopped by a dealership in NJ before which I had gotten the quotes over internet from several dealers for the minivan. I'm getting the following price for the car.
Is this a good deal?
EX-L with Navigation: 32300 (include destination)
Dealer always has etching so another $199 (tried to get without but they don't have any such cars)
Tax + Tags/ID + Documentation Fee extra...
I will finalize the deal if you experts think it's a good deal. Any other dealership recommendations are welcome too
#29870 of 30573 Re: 2013 Honda Odyssey: EX-L NAVI [saggynj]
Apr 21, 2013 (6:10 pm)
as an fyi, i got quotes last week (wed) from 3 boston-area dealers for 2013 ex-l w/ nav. all 3 pricing was $31,900 and 31,800 that includes destination, but not sales tax, nor doc fees($249 and reg fees $125).
not sure if things are different in NJ. one dealer told me that there was a short supply of ex-l w/ nav because of some navigation supplier issue. who knows if this is correct.