You are here:
Forums
Vans & Minivans
Honda Odyssey
Honda Odyssey vs. Toyota Sienna

5151 messages, Last post on Nov 11, 2009 at 5:08 PM
You are in the Honda Odyssey Forum. Your Host is Karens
|
Replying to: dilbertzzz (Jun 06, 2005 10:11 am) With leasing, In a sense you are basically paying for a portion of the vehicle. If you keep a car for 3 years for example, how much did that vehicle depreciate during those 3 years? Let's say for example a vehicle costs $20,000 and at the end of 3 years it is worth 50% (or the residual). So you are basically paying for that portion, or that $10,000 over the course of 3 years. You get lower payments usually, but you are right, you have nothing to show for it either. Of course, you can still buy the vehicle if you want to at the end of the lease, although doing so is usually more expensive in the long run than if you just financed it in the first place. But you can always negotiate the price you are willing to pay for the vehicle at the end of the lease, just like when you first bought it (my friend did that with a Saab, and got a great deal that way since they haven't held up in value very much). I have leased 4 vehicles in the last 7 tears or so. I have never had to pay anything at the end of the leases in terms of damage, excess mileage etc. but I take good care of my vehicles, and don't typically put a lot of miles on them. If you drive a lot of miles, or don't take good care of them, you probably shouldn't lease. I did have to get out of one lease a little bit early because the job I had made me put more miles on the car than I expected (I had the car before the job). So there, I had to pay off the remaining payments in advance. I guess too, I could have sold the vehicle, and if I had sold if for enough to pay off the balance, that would also have worked. I had the choice with my Sienna, lease it for what I wanted to pay, or buy a used van (and I almost couldn't touch recently used Siennas or Hondas.). If I bought a used Grand Caravan for example, about $19k around where I live, the payments would have been close to what my Sienna was. But I would have had to finance it for 5 years probably, and used vehicles still depreciate too. I have bought 2 other used vehicles recently, and have been surprised at how poor their resale have been. My Ford Explorer is hardly worth anything. But I digress. The one advantage leasing can have, is with some brands, the residuals can be fairly high, meaning they don't depreciate as much as other brands. The residual on my Sienna after 3 years is around $18,000, so my payments are fairly low, all things considered. For others, they don't have to worry about monthly payments, so buying is the only way to go. Also, with leases, you shouldn't put any money down, with a purchase it is usually a smart thing to do. Leasing is pretty striaght forward now, and it isn't voodoo science. For most people, financing is the better way to go, for some, leasing is a good option. I also like to have one of my vehicles to be pretty new and be under warranty, leasing lets me do that. If you keep a vehicle for 15 years until the wheels fall off, obviously traditional financing is the way to go. The odds aren't always stacked against you. A while back, I leased a Nissan Altima at a very good rate. Turns our Nissan overinflated their values and they ended up losing money. Toyota claims their Tundra pickups has a residual of 71% which is great, but after the end of the lease, I will be curious to see whether Toyota can resell these trucks for that much. It wouldn't surprise me, but that does seem a little bit optimistic. Manufacturers never really know exactly what the market will bear 3-4 years down the road. Cars like Lexus seem to always have pretty good resale, so leasing is a safe bet here for both the manufacturer and it should be for the indivudual too. For a while, SUVs held their value very well. Now they don't so much. Manufacturers either have to inflate their value (to entice you to lease) or make the lease higher, which will turn off some buyers, but then the numbers will be more realistic later at the end of the lease. |
|
|
Replying to: isellhondas (Jun 03, 2005 12:59 pm) As a side, we compared the Sienna (currently have a 2000) and found Honda to be a much better deal with the EX-L over a base XLE that was $1000 more.
|
|
|
|
| Does anyone know when the 2006 models will be available? Or, when the 2005 models first were available? We are considering getting one of these, but don't want to buy a 2005 if the 2006 is right around the corner.... | |
|
Replying to: isellhondas (Apr 18, 2005 8:29 am) The opening of the rear, third seat windows, is mostly for allowing the a/c and heater to work more efficiently by allowing a better airflow all the way through the cabin. That is why Chrysler has them instead of allowing the windows on the sliding doors to roll down. Which as you know, brings in that helicopter effect. |
|
|
Replying to: swtxn (Jun 06, 2005 6:23 pm) i believe in earlier model years, (and I'm sure someone can tell you actually when) the ODY did come in a "primary" or "forest" green, and even a grey. the Sage Brush Pearl as you've discovered is not the typical green - to me it seems a blend of blue, green and grey. that description doesn't do it justice. it also seems to reflect a slightly variable color depending upon sky conditions, light-levels and surroundings and is nice in appearence, specially after being washed and waxed (what color doesn't?). anyway our '03 in Sage Brush also has what seems to be metal flecks in the paint, and so isn't too bad at masking a bit of dirt. regards. |
|
|
Hi all, well, I wish I purchased a Honda. I am just about ready to trade in my 2004 Sienna xle. I have been waiting two weeks to get the air conditioning repaired in my Sienna. The dealer keeps trying to fix it, then fails, then orders more parts. The change in the 2004 body style allowed for a rear air conditioning unit. The problem is that it is a known failure that the rear air conditioning lines rub against each other and wear out causing loss of all refrigerant in the system. The vehicle has 15k miles on it and it is one year old. Oh, and the oxygen sensor failed as well resulting in that the whole exhaust manifold needs replacement as the factory over torqued the oxygen sensor, yet another known common problem. I also have a 2004 Honda Civic Hybrid with 36k miles on it that I love! My next car will be another Honda. Brien |
|
|
Replying to: irg (Jun 06, 2005 9:34 am) |
|
|
|
|
Hello, In the market for minivan and having a hard time doing feature comparision between EX and Sienna's LE or XLE. Question for the group, what would you consider the EX to be comparable in Sienna line-up, would it be the LE or XLE? Thanks -Deepak
|
|
|
Replying to: shadowlight (Jun 09, 2005 6:30 pm) |
|
|
One question and one thought. Question 1st. Has anyone out there tried or been able to get 3 child car seats accross the 2nd row of the Ody. I read in Consumer Reports that it was not recommended or wouldn't work or something but I wanted to see if anyone had any experience doing/trying it. Thought - due to my question/issue above, I hadn't really be considering the Ody, only looking at the Sienna. On a whim today, my wife and I decided to go check out the Ody. Our thoughts - The Ody has a much nicer interior - controls, etc then the Sienna and my wife says it drove nicer. We were looking at the Sienna LE with Option 5 and today looked at the Ody EX. They both sticker for about the same ~ $28.5 although I'd expect that you have less negotiating room on the Ody. Benefits of the ody are on the base EX, you get both side doors auto, auto driver seat and 6 disk CD. You don't get this on the Sienna option 5. Now we are really thinking the Ody, but if I can't get 3 kids seats accross the 2nd row then it has to be out. That is why the question above is so important. Thanks. |
|
You are here:
Forums
Vans & Minivans
Honda Odyssey
Honda Odyssey vs. Toyota Sienna
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Toyota Sienna
2010 Honda Odyssey



Browse by Board
Browse by Topic