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Honda Odyssey Lease Questions

1835 messages,  Last post on Dec 02, 2009 at 6:34 PM

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

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#1463 of 1835 Re: First Time Lease [hp1730] by vinjvinj Sep 24, 2008 (6:52 am)
Replying to: hp1730 (Sep 24, 2008 5:46 am) I'm in the NYC area as well and looking to buy/lease a honda odyssey as well. Do you want to get together so that we can get a better rate. Send me your email/phone number and I'll give you a call.
#1464 of 1835 First Time Lease by hp1730 Sep 24, 2008 (10:52 am)
Just got a quote of $486/month with zero down. 42 months, 12k miles....msrp $36,480 selling to me $29,600, money factor: 0.00295 and residual 52%. Is this a good deal????? he says incentives from august are gone! should i sign on the dotted line? EX-L with DVD and NAV
#1465 of 1835 2008 Odyssey EX - I'm frustrated by smartbomb Sep 24, 2008 (12:32 pm)
I can't get a dealer pinned down. My local dealer has 51 08' Odyssey's on the lot, and "will do anything to get me into one". I've got great credit, and am looking to get into an '08 EX, no RES, L, or anything else. I've offered $2K down, for a $220 payment on a 36 month, 12,000 mile lease, but am not getting anywhere. Any ideas if this is a good offer (or too good). I can't seem to get them to give me Residual, money factor, etc. so I don't know where I stand. They did say they had a $4500 dealer incentive through the end of the month.   Help! Replies to this message: Car_man (Sep 25, 2008 2:42 am) phatlipboardz (Sep 25, 2008 6:28 am) smartbomb1 (Sep 26, 2008 9:09 am) phatlipboardz (Sep 26, 2008 12:42 pm)
#1466 of 1835 Re: [marinite] by Car_man HOST Sep 25, 2008 (2:36 am)
Replying to: marinite (Sep 13, 2008 10:48 pm) No problem, marinite. Honda Finance's lease program for the 2008 Odyssey varies by term, mileage allowance, and trim level. I don't believe that you mentioned what any of these variables are, so for now I will have to make some assumptions. Let me know if you want something different.   Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Honda Odyssey LX with 15,000 miles per year are .00270 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: marinite (Sep 26, 2008 2:14 pm)
#1467 of 1835 Re: 2008 Odyssey EX - I'm frustrated [smartbomb] by Car_man HOST Sep 25, 2008 (2:42 am)
Replying to: smartbomb (Sep 24, 2008 12:32 pm) Hi smartbomb. If you can't get this dealer to provide you with basic information on this lease, like the selling price or money factor, then you may want to consider taking your business elsewhere. I personally would never lease from a dealer that wouldn't provide me with this info.   I see that you are considering making a $2,000 down payment on your lease. This really is not a good idea. I always advise consumers not to make capitalized cost reductions on leases. Those who make them risk losing part or all of them if their vehicle is totaled.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1468 of 1835 Re: 2008 Odyssey EX - I'm frustrated [smartbomb] by phatlipboardz Sep 25, 2008 (6:28 am)
Replying to: smartbomb (Sep 24, 2008 12:32 pm) I have to agree. Don't put any money down unless you feel like you need a lower monthly payment.   You should definitely get the agreed upon price for the EX. Here in CO the MSRP on the EX was $29595. My quoted money factor on the EX was .00280, residual 54% (adjusted residual $15981). Basically got 6,000 off MSRP. for a price of 23595. My payments would have been ~370-375/month. I sat on this for awhile and then decided to buy. I'm signing the papers tonight. It just seems like with all of the incentives on board right now, it was a better situation to buy. Plus, I don't drive a lot and I didn't want to turn in a lease that may have only had 20,000 miles on it after 3 years. I wouldn't have come out ahead on that one. With ~20-25% off MSRP (depending on where you live), it seems better in regards to the consensus that your car depreciates as soon as you drive it off the lot. Just my 2 cents.   Good luck. Replies to this message: smartbomb1 (Sep 26, 2008 9:09 am) phatlipboardz (Sep 26, 2008 12:42 pm)
#1469 of 1835 Re: 2008 Odyssey EX - I'm frustrated [phatlipboardz] by smartbomb1 Sep 26, 2008 (9:09 am)
Replying to: phatlipboardz (Sep 25, 2008 6:28 am) thanks for the input. The salesman just hung up on me, because I told him that I didn't think that $27500 was the invoice price (I'm not going to pay advertising or even destination fees - not with 51 Odyssey's on the lot). He also wouldn't give me the money factor and residual. With hold back, dealer incentive etc., I think they should be about to get down to just below $22K for the EX, but apparantly not. I'm in the market for a new van, but definitely not desperate. Just a sanity check, am I way off base here? I don't feel like it. Replies to this message: phatlipboardz (Sep 26, 2008 12:42 pm)
#1470 of 1835 Re: 2008 Odyssey EX - I'm frustrated [smartbomb1] by phatlipboardz Sep 26, 2008 (12:42 pm)
Replying to: smartbomb1 (Sep 26, 2008 9:09 am) If you are in no hurry to buy then hold off. There could be sweeter deals coming, but if you think that you would feel worse if you missed out on something if the current deals are gone and nothing better to replace them, then keep plugging along.   I would definitely work with another dealer. If a dealer can't give you the price of the car, MF, residual, etc. then get the heck out of there. You need to deal with someone that is more upfront than that. Even if you ended up with a good deal from them, just make sure that the relationship wouldn't continue on that note (i.e. servicing, warranty issues, recalls, etc)   Even if I got a couple of bucks off the price from someone else, I just felt like dealing with my current dealer. It's closer to home, the salesman seems to be super nice and very low pressure. I needed a dealer I also felt good about with servicing needs.
#1471 of 1835 Re: [Car_man] by marinite Sep 26, 2008 (2:14 pm)
Replying to: Car_man (Sep 25, 2008 2:36 am) Thank you!! Sorry I didn't repeat the parameters...   2008 Touring No Pax 36 mo/12 or 15k/year   Have any of the numbers come out for 2009 leases? I'd probably go with the EX-L w/Nav maybe Ent since the bluetooth and lift gate are coming with that allegedly.   Cheers, Marinite

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