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Honda Odyssey Lease Questions

1833 messages,  Last post on Nov 23, 2009 at 9:41 PM

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

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#1525 of 1833 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 1833 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 1833 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 1833 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)
#1530 of 1833 Ody lease-end then new one by squirreljam Dec 18, 2008 (12:54 pm)
Car_man -   I have a rapidly maturing Ody lease (mid Jan) and have several questions about that part of it. I'll be getting a new one so once I get closer I'll post again asking RV and MF for whatever year and version of an Ody we decide on...   Inspection pre turn-in - should I detail the car before the inspection or should I show it to the inspector in "worst case" condition? If they see it looking bad and tell me what to fix, would they then look harder at it?   Is there any loyalty program at AHFC?   Thanks a ton, Squirrel Replies to this message: Car_man (Dec 19, 2008 4:44 am)
#1531 of 1833 Re: New Odyssey Lease Question [jeffrey0707] by Car_man HOST Dec 19, 2008 (4:41 am)
Replying to: jeffrey0707 (Dec 15, 2008 8:10 pm) Hi jeffrey0707. While it's nice that the dealer is supposedly willing to lose $500 on this deal to keep you as a customer if I was working on this deal, I personally would want proof. Make sure to find out the exact selling price that you are being charged for this Odyssey. Once you know, stop back and share it with us. I am sure that either myself or another knowledgeable community member will gladly share their thoughts on it with you.   Also, make sure that the dealer is using Honda Finance's current .00161 (top credit tier) buy rate lease money factor to calculate your van's monthly payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1532 of 1833 Re: Ody lease-end then new one [squirreljam] by Car_man HOST Dec 19, 2008 (4:44 am)
Replying to: squirreljam (Dec 18, 2008 12:54 pm) Hi Squirrel. I have leased several Hondas in the past and I have always found Honda Finance's inspectors (it uses an independent inspection company) to be fairly lenient when evaluating the lease-end condition of vehicles. It wouldn't hurt to go over your car quickly and clean it up yourself before the inspection, but I wouldn't waste the money to have it professionally detailed.   Honda Finance is not currently providing any special cash incentives on leases to loyal customers.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1533 of 1833 2009 EX-L with DVD and NAVIGATION Lease Offer by upendrak Dec 19, 2008 (2:16 pm)
Lease Experts, I need your feedback on the recent quote I got. Didn't get all the details though. (This offer is from a dealer in MD state). 2009 EX-L with DVD and Navigation, 36 months Lease.   MSRP: $37525 Negotiated Price: Didn't ask. (maybe around 33.5+tax+accessories) Total Initial Payment Check(All inclusive, no details): $3000 Monthly Payment: $463.84 Money Factor: Not provided. (The new lower one, provided by Honda) Residual: 49% End of Lease Buy Option:$18387.25 Miles: Not provided (I am assuming 12K).   Pls advise if it's a reasonable offer. I am not really looking for the 'lowest'. All responses appreciated. Thanks in advance. Replies to this message: Car_man (Dec 21, 2008 4:52 pm)
#1534 of 1833 Re: 2009 EX-L with DVD and NAVIGATION Lease Offer [upendrak] by Car_man HOST Dec 21, 2008 (4:52 pm)
Replying to: upendrak (Dec 19, 2008 2:16 pm) Hi upendrak. the dealer invoice price of a 2009 Honda Odyssey EX-L with navigation and the entertainment system is $34,049. It sounds as though the selling price that you are able to negotiate is lower than that. If so, this is an excellent deal.   Just make sure that the dealer that you are working with uses Honda Finance's current buy rate lease money factor of .00101 (for customers who qualify for its top credit tier) to calculate your monthly payment and you're in business.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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