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Honda Odyssey Lease Questions

1802 messages,  Last post on Nov 08, 2009 at 6:51 PM

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

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#1520 of 1802 Re: 2009 Odyssey Lease Question [Car_man] by 2dflyer Nov 14, 2008 (8:40 pm)
Replying to: Car_man (Nov 04, 2008 7:50 pm) Do you know if the 0.00161 is nationwide? We're in Raleigh and the first pass money factor we got was closer to 0.00200. We should qualify for top tier.   Thanks, Allan Replies to this message: 2dflyer (Nov 15, 2008 9:14 pm)
#1521 of 1802 Re: 2009 Odyssey Lease Question [2dflyer] by 2dflyer Nov 15, 2008 (9:14 pm)
Replying to: 2dflyer (Nov 14, 2008 8:40 pm) Answered our own question. The dealer did quote 0.00161.
#1522 of 1802 2008 Odyssey EX-L lease by yoyo77777 Nov 23, 2008 (4:27 pm)
How much should I expect to pay with nothing out of my pocket to start. 36 months, 15000 miles per year. I was offered $473 per month including 8.25% california tax. Is this a good deal? any help is appreciated. Replies to this message: Car_man (Dec 02, 2008 4:41 am)
#1523 of 1802 by CTRoll Nov 30, 2008 (5:43 pm)
What is the take on the current national offer for the EX-L lease? Is it a good deal? I have always purchased my cars and just started looking in to leasing.   Taken from Honda's website:   $389.00 per month for 36 months. $2,999.00 total due at signing   FEATURED SPECIAL LEASE: Closed-end lease for 2009 Odyssey EX-L Automatic Transmission (Model RL3869JW) for $389.00 per month for 36 months with a $2,015.00 capitalized cost reduction available to customers who qualify for the AHFC Super Preferred credit tier. Other rates/tiers are available under this offer. $2,999.00 total due at lease signing (includes first month's payment, with no security deposit, AHFC upfront acquisition fee and capitalized cost reduction; total net capitalized cost and base monthly payment does not include tax, license, title, registration, documentation fees, options, insurance and the like). Not all buyers may qualify.   Subject to limited availability. 11/20/2008 through 1/5/2009, to approved lessees by American Honda Finance Corp. Closed end lease for 2009 Odyssey EX-L Automatic Transmission vehicles (Model RL3869JW), for well qualified lessees. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. MSRP $33,725.00 (includes destination) less the capitalized cost reduction (which may be paid by the suggested dealer contribution) resulting in actual net capitalized cost $29,505.51. Dealer contribution may vary and could affect actual lease payment. Taxes, license, title fees, options and insurance extra. Total monthly payments $14,004.00. Option to purchase at lease end $17,199.75. Lessee responsible for maintenance, excessive wear/tear and 15 cents/mi. over 12,000 miles/year for vehicles with MSRP less than $30,000, but for vehicles with MSRP of $30,000 or more, mileage cost is 20 cents/mi. over 12,000 miles/year. See dealer for complete details. Replies to this message: CTRoll (Dec 02, 2008 4:05 pm) Car_man (Dec 03, 2008 2:52 am)
#1524 of 1802 Re: 2008 Odyssey EX-L lease [yoyo77777] by Car_man HOST Dec 02, 2008 (4:41 am)
Replying to: yoyo77777 (Nov 23, 2008 4:27 pm) Hi yoyo77777. At lease signing, Honda Finance charges your first month's payment, a security deposit equivalent to this payment rounded up to the nearest $25 increment (unless it is waived), a $595 acquisition fee, and any capitalized cost reduction that you choose to make (ideally this should be $0).   It would be easier for us to evaluate the deal that you were quoted if you were able to provide us with this van's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, one has to back into the approximate selling price to tell how much of a dealer discount they are being given and see if there is any room left to negotiate. Let us know what this number is and I am sure that either myself or another knowledgeable community member will give you their opinion.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1525 of 1802 Re: 2009 Odyssey Lease Question [jeffrey0707] by nik128 Dec 02, 2008 (10:07 am)
Replying to: jeffrey0707 (Nov 13, 2008 7:03 pm) Just so you know, right now Honda is offering $3500 deal cash back on the 2008 models. The money factor is quite a bit higher on the 08 (.00310) vs the 09 (.00101) but the cash back still made quite an impact on the payment. I just negotiated an EXL RES w/out navi, $0 out of pocket, 36 month, only 12,000 ($19 more for 15k) and my payment will be around $460. Drawback...2009 EXL w/out touring comes with auto hatch opening, but this feature was only available on touring models in prior models.
#1526 of 1802 Re: [CTRoll] by CTRoll Dec 02, 2008 (4:05 pm)
Replying to: CTRoll (Nov 30, 2008 5:43 pm) Anyone have any thoughts on this?
#1527 of 1802 Re: [CTRoll] by Car_man HOST Dec 03, 2008 (2:52 am)
Replying to: CTRoll (Nov 30, 2008 5:43 pm) Hi CTRoll. Honda's current lease program for the Odyssey isn't bad. Having said this, savvy consumers are usually able to beat manufacturers' advertised lease payments by negotiating a lower selling price than the one that the ad was based upon. Shoot for a selling price of around dealer invoice and then have the dealer calculate your van's monthly payment using its buy rate lease money factor of .00161 (assuming that you qualify for Honda Finance's top credit tier).   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1529 of 1802 New Odyssey Lease Question by jeffrey0707 Dec 15, 2008 (8:10 pm)
The dealer just quoted me the following for a 2009 EXL: $540 with Nav and DVD, and $475 with no Nav and DVD. This is a sign and drive (that is, no money down except first month and DMV charges), the taxes and other fees are built into the lease payments, the lease is for 36 months with 12K miles. No disposition fee or other junk fees at termination. Lease is through Honda Financing not some unknown bank. The dealer informs me that they are losing $500 after the holdback. Apparently, they "don't want to lose me as a customer," so they are willing to lose the $500. Based on your knowledge, are they telling me the truth or is there additional opportunity for a lower lease payment? Thanks for your help. Replies to this message: Car_man (Dec 19, 2008 4:41 am)

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