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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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Replying to: steve_ (Oct 25, 2004 3:58 pm)
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Replying to: icecream (Oct 25, 2004 9:21 pm) About Operations At Honda Canada, our challenge is to find the best ways to build strong, lasting relationships with our customers, to understand them and meet their needs so that we can move ahead together. We believe deeply in this. But that's just the bare necessity. We are also committed to making sure every aspect of our corporate activity has a beneficial impact on Canada. These activities range from offering better, more fulfilling jobs to Canadians, helping preserve the world's fragile environment, and ensuring strong community leadership, to giving our Canadian customers products that meet or exceed their mobility needs. Fulfilling your desires and respecting the nation's best interest is how Honda Canada has made it this far. And with our continued commitment to Canadians, it's how we will move into the future. Now you understand what our challenge is, but who or what is Honda Canada? Read on for a sense of our presence in Canada. It is a Sales Company Founded in 1969, Honda Canada now ranks as one of Canada's five largest Automobile Manufacturers, the largest retailer of Motorcycles and ATVs and one of the largest Power Equipment/Marine companies in Canada. It is a Manufacturing Company 2002 marks Honda's 16th anniversary of manufacturing automobiles in Canada. Honda of Canada Mfg. (HCM) now has the capacity to produce 390,000 units annually at its 2 manufacturing plants located in Alliston, Ontario. HCM production serves not only the Canadian market, but is also exported to the United States, Japan and 10 other countries. This is what I got from the Honda canada website. |
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Replying to: icecream (Oct 25, 2004 9:21 pm) |
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Replying to: smoke (Oct 25, 2004 12:53 pm) |
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Replying to: psuwife (Oct 26, 2004 3:13 am) Getting the VIN may help initially before you actually see the vehicle. Sorry I wasn't clear about what to do with the VIN - you can run a CARFAX with it or ask a friendly service manager to verify the car's history: What You Need to Know About Canadian Cars in the U.S. Steve, Host |
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Replying to: ody2005 (Oct 22, 2004 4:38 pm) Why don't you share with the rest of us what dealer you're working with? After all, this is the whole reason this forum exists so that we can all hopefully negotiate as good a deal as you have. |
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Replying to: nag (Oct 24, 2004 8:09 am) What dealer and salesperson gave you this $750 below MSRP deal? I wanna see if I can get the same deal and if they have the color I'm looking for. I'm in OC, but don't mind the drive to San Diego if it's going to save me some $$$. |
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Replying to: psuwife (Oct 26, 2004 3:13 am) |
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Replying to: pen101 (Oct 25, 2004 5:49 pm) Just to help you out Residual values can not be manipulated by a dealership, except for miles. residuals are determined by these factors. Term: Shorter the term the higher the residual is. Model/Trim Level: The less options it has the higher the residual. For an example an 05 Odyssey LX will have a higher residual then a Touring R&N. But a Touring and an EX-L R&N will probably be the same. Regional: Some states have different money factors and residuals, but they are probably the same all throughout California. Specials: Sometimes the residual will be exagerated from American Honda finance and a dirt cheap money factor. The terms are usually limited to 24 or 36 months max. Don't believe the 05 odyssey enjoys any special finance programs. Other Banks: Chase, Bank of America, etc also have leasing, but there residuals are usually not as attractive for the dealer or the consumer. The manufactuers credit branch will usually be what values they use. Miles:***********Important************* This is where I think your variation lies between the 2 dealerships. One dealer is giving you a residual value that is based on 12,000 miles which will be 2% higher then the other dealer who is telling you a lease with 15,000 miles. You need to ask that question to the dealer. The one with the lower money factor and a higher residual is probably quoting you the standard 15,000 mile plan from honda. get his lower money factor and tell him to drop the mile restriction to 12,000 miles per year and I bet you will have the same residual and now a lower money factor. Let me know how it goes.
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I bought my Odyssey and a Pilot from Ebay/Jay Honda. When I went through the process they explained that their pricing is based on availability, color, and model and changes accordingly. The listed price on Ebay was the price I paid, the following week the price had gone up 500.00 dollars. The next auction it came down. I suspect you just need to watch. I also was interested in the VIN question, they are not Canadian cars, they said it was due to the fact that the vehicles are for sale at the same time on there lot and that they can't ensure that the vehicle will be there by the end of auction. When I contacted the dealer they did provide me with the VIN. Maybe this helps clarify.
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