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Honda Odyssey Lease Questions

1439 messages,  Last post on Aug 30, 2008 at 5:41 AM

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What is this discussion about? Honda Odyssey, Car Leasing, Van

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#1301 of 1439 Re: EX Lease in NJ [chbar] by psjoiner Jun 28, 2008 (2:38 pm)
Replying to: chbar (Jun 23, 2008 2:08 pm) I just leased an EX (with just the usual dealer installed junk - cargo liner, pinstripes, etc.).   $289 month + tax $800 down   Airport Honda in Knoxville, TN
#1302 of 1439 Is this a good deal? by jent516 Jun 29, 2008 (5:38 pm)
Hi Car Man (and everyone):   I am about to lease a Touring and wanted to run these number by you all before we sign anything. This is our first minivan (leaving a Volvo XC90):   MSRP: $40, 680 Price: $37,385 Money Factor: .00077 Residual: $21,967.20 (so 58.75%)   36 months, I am in PA (9%), $696 down (this is 1st payment and tags), $535.15/month inclusive.   The dealer told us this is $500 over invoice.   Thoughts? Do you think we can negotiate this down a bit more? Perhaps to $100 over invoice?   Ideas for what programs may be like after July 7th? (We made our last payment on the Volvo but have it until the 25th of July)   Thanks!   Jen Replies to this message: jpappas (Jun 29, 2008 7:57 pm) jent516 (Jun 30, 2008 4:24 am) emilt (Jun 30, 2008 7:11 am) jent516 (Jun 30, 2008 2:34 pm) emilt (Jun 30, 2008 9:25 pm) jent516 (Jul 04, 2008 7:57 pm)
#1303 of 1439 New EX just leased by docmri Jun 29, 2008 (6:24 pm)
Got new EX today .   289/m + tax (6.5%) = 307/month ZERO DOWN. due at signing was first month and tags (total of $307+$246)   Thanks for info that helped me get this great deal!   in southern FL   Dan Replies to this message: Car_man (Jul 02, 2008 4:14 am)
#1304 of 1439 Re: Is this a good deal? [jent516] by jpappas Jun 29, 2008 (7:57 pm)
Replying to: jent516 (Jun 29, 2008 5:38 pm) How many miles on that Touring lease?
#1305 of 1439 Re: Is this a good deal? [jent516] by jent516 Jun 30, 2008 (4:24 am)
Replying to: jent516 (Jun 29, 2008 5:38 pm) sorry, forgot that! 12,000/year
#1306 of 1439 Re: Is this a good deal? [jent516] by emilt Jun 30, 2008 (7:11 am)
Replying to: jent516 (Jun 29, 2008 5:38 pm) Here's the deal I got in NYC: '09 Touring (no PAX) 36mo / 12K / AHFC lease MSRP: $37520.93 Price: $35,444.16 Residual: $21,948.30 (58.5%) Money Factor: 0.00115 Monthly Payment: $478.36 Downpayment: $0 First Payment: $603 ($478+NYDMV fees)   So it looks like you can do better. Replies to this message: jent516 (Jun 30, 2008 2:34 pm) emilt (Jun 30, 2008 9:25 pm) jent516 (Jul 04, 2008 7:57 pm)
#1307 of 1439 Re: Is this a good deal? [emilt] by jent516 Jun 30, 2008 (2:34 pm)
Replying to: emilt (Jun 30, 2008 7:11 am) emlit -- your msrp seems very low for this vehicle. Isn't the msrp fixed by Honda? I'm just not sure how you got that number, which would obviously make the payment lower. Also, what is the tax rate in NY?   Thanks! Replies to this message: emilt (Jun 30, 2008 9:25 pm) jent516 (Jul 04, 2008 7:57 pm)
#1308 of 1439 Re: Is this a good deal? [jent516] by emilt Jun 30, 2008 (9:25 pm)
Replying to: jent516 (Jun 30, 2008 2:34 pm) Copied the MSRP off the lease agreement but I could have made a mistake. I will double check tomorrow. I know it's counterintuitive but all other things being equal (sales $, money factor, residual %) higher MSRP would actually lower your payment by raising residual value since it's calculated using MSRP and not on sales price. The only thing I am not sure about is whether 2K support would be reflected in MSRP. If that's the case the number I posted would be off by about 1K if you trust Edmunds. I think the tax rate where I am is 8.75%. I will check that too and post.
#1309 of 1439 Re: Residual and Money factor on EX-L with NAV and RES [phaltraz] by Car_man HOST Jul 02, 2008 (4:09 am)
Replying to: phaltraz (Jun 27, 2008 12:53 pm) You're very welcome, phaltraz. The two main profit centers for dealers, your vehicle's selling price and its money factor look great. If you like the van, I personally don't see any reason not to pull the trigger on this deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1310 of 1439 Re: New EX just leased [docmri] by Car_man HOST Jul 02, 2008 (4:14 am)
Replying to: docmri (Jun 29, 2008 6:24 pm) Congratulations on getting your new Odyssey, Dan. I'm glad that you found this discussion helpful. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride!   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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