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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1833 messages, Last post on Nov 23, 2009 at 9:41 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car_Man: Holiday greetings! When you see this, would you mind posting several permutations of current lease terms for the Odyssey? I'm going to get one in the next week but given tight inventory of 08s, I'm not sure what I'll end up with, so rather than come back each time, if you are willing to post various options, I can cook the numbers from there...  Anyway, would greatly appreciate MF and RVs for both 2008 and 2009 Ody EXL three ways: (1)plain, (2)with RES only and (3)with RES and Nav. I'm planning on 36 month w/ 15K per, but if you don't mind posting the numbers for other terms and mileages, that would be helpful. Last but no way least, is the $3500 cash still avail till Jan 2 on 08 Ody's? Thanks, and Happy New Year, Squirrel
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Replying to: CTRoll (Dec 29, 2008 4:02 pm)
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Replying to: bigdadi118 (Dec 30, 2008 3:22 am) It seems like a pretty good deal. Edited: never mind - found it on the web - Boch Honda. Not too far from me either. |
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Please advise if we got a fair deal: We just leased a 2009 Odyssey EXL with DVD player. 12k mileage lease for 36 months. Paid No money down except for $700 to cover tax tags and first month payment. The payment comes to $527 per month. Is this a good deal for the lease?
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I got a quote on 09 EX lease selling price $26950, residual $16510, monthly payment $365 + $595 bank fee, $250 doc and $300 registration. Do you guys think this is fair? My current lease expires in mid Feb. Any comment to skip the year end deal and wait for the new promotions? |
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I've been looking at leasing an EX-L and am trying to get my monthly payments inside $400/month. So far non of dealers I spoke to were willing to negotiate beyond the current lease deal from Honda (about $480/month, $0 down). Today one called back and said Honda issued new incentives and they can go down to $425/month. Does anyone know any details for the new incentives? Or are they giving up their dealer holdbacks to sell? I don't see them moving a lot of cars and even Honda is going to have to give bigger incentives than they historically have been.
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Replying to: elephant22 (Jan 03, 2009 1:24 pm) For example, using the residual and money factor in the advertised lease, cooking the acq. fee into the lease and using as the selling price of the van invoice minus the $1250 incentive from this past weekend (so zero dealer profit on the sale, excluding floorplan/holdback money), the monthly payment is still just over $400 NET of taxes and for me, would be $436 with tax. And that's with paying a security deposit up front. If you want a true no-money-down deal and not pay a sec. dep., the dealer will probably bump the money factor to .00111, raising the net payment to about $410 without tax. As to the dealers not moving cars: yes, yesterday's news on national car sales was atrocious, even for Honda (down ~35% over the previous Dec.). However, there are some other things at play. Dec. Honda sales were up about 10,000 vehicles sold over November, a trend that seems to hold true across other mfgs also. As well, I just bought a new Ody last night and my store was humming - my guy had sold 11 cars personally in January already, and it was only the 5th. They are one of the top 50 Honda stores nationally in volume, but still, some cars are selling.
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Replying to: elephant22 (Jan 03, 2009 1:24 pm) If you can lease the EXL in Mass then check out Boch Honda > Promotion > Month ... Sign & Drive with ZERO out of pocket, 368/mo before tax. Every New 2009 Honda Odyssey EXL MSRP $33,725 Lease for only $368/Month Lease requires approved credit; based on 12,000 miles/year, .20/mile excess; Lease based on ZERO cash or trade down. Security deposit waived. $368x36, 51% res. Price excludes taxes, documentation, title, and registration fees; prices include all customer rebates, promotions and incentives to dealer. Lease #152937 |
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Replying to: squirreljam (Jan 06, 2009 8:37 am) Appreciate the feedback. You answered my question about the $1250 incentive over the weekend. I guess I missed the train on it. Do you think they'll still honor the deal? I also see they did not replace the just expired incentives with new ones. Or there's more coming? I'm reluctant to make a deal now and find out in a month or so there's a better deal out there. Regards
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Replying to: elephant22 (Jan 06, 2009 12:54 pm)
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