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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

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

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#1549 of 1833 Re: Current RV and MF for Ody's? [squirreljam] by Car_man HOST Jan 07, 2009 (3:40 am)
Replying to: squirreljam (Dec 29, 2008 9:31 pm) Happy Holidays to you as well, Squirrel. They're all over now, back to work . Here's the information that you're looking for.   Honda Finance's new January buy rate lease money factor and residual value for a 36 month lease of a base 2009 Odyssey EX-L with 15,000 miles per year are .00250 and 48%, respectively. The money factor for an EX-L with RES drops is the same, but the resid drops by one point to 47%. The resid for an EX-L with RES and Nav is two points lower at 46%.   Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a base 2008 Odyssey EX-L with 15,000 miles per year are a much less attractive .00310 and 43%. Again the resid drops by one point for RES and two points for RES and Nav.   Honda is currently providing $1,250 dealer cash on the '09 Odyssey and $3,500 on the '08 Odyssey. Make sure to take this cash into account when negotiating the capitalized cost for your lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1550 of 1833 Re: 2009 Honda Odyssey EXL with DVD entertainment Lease [glit922] by Car_man HOST Jan 07, 2009 (3:42 am)
Replying to: glit922 (Jan 01, 2009 6:01 pm) Hi glit922. I'm not sure if that is an attractive payment for this van off of the top of my head. The best way to evaluate a lease is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let us know what your Odyssey's selling price was and I am sure that either myself or another knowledgeable community member will be happy to give you their opinion on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1551 of 1833 '08 Touring TMV on Edmunds by mirali Jan 11, 2009 (9:18 am)
Edmunds is showing the following prices for 08 Odyssey Touring (No PAX)   MSRP: $40,680 Invoice: $36,884 TMV:$31,743   Is this reasonable? Does it include the $3500 Dealer cash for '08s   Mir Replies to this message: Car_man (Jan 16, 2009 3:00 am)
#1552 of 1833 Re: '08 Touring TMV on Edmunds [mirali] by Car_man HOST Jan 16, 2009 (3:00 am)
Replying to: mirali (Jan 11, 2009 9:18 am) Hi Mir. A selling price that's that far below dealer invoice must be taking the dealer cash into account. I'm surprised that the TMV for this vehicle is that low. If I was in the market for a 2008 Odyssey right now, I personally would shoot for a selling price of around $3,500 below dealer invoice (taking the cash into account).   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1553 of 1833 MF and Res Questions by jrm005 Jan 19, 2009 (5:07 pm)
I am looking for information on the following models:   EX 12K miles - Money Factor? Residual? Term?   EX-L 12K miles - Money Factor? Residual? Term?   Thanks in advance!! Replies to this message: Car_man (Feb 01, 2009 6:22 am)
#1554 of 1833 2009 Touring by YBM667 Jan 24, 2009 (12:36 pm)
Hi Car_Man, would you know what the residual value and money factor would be for a 2009 Touring no PAX, 36 months, 15K miles? My dealer quoted me 0.0025 money factor and 45% residual. However, his initial quote was "less than 0.002" money factor. I think he's playing games so I would like to verify his numbers. Thanks in advance. Replies to this message: Car_man (Feb 01, 2009 6:25 am)
#1555 of 1833 Looking to lease 2009 Odyssey EX-L w/ NAV & RES in Los Angeles Area by ryo998 Jan 26, 2009 (1:04 pm)
Hi,   I am looking to lease a 2009 Odyssey EX-L with NAV & RES in Los Angeles area. Just got a quote from a dealer - $37,675 MSRP, $32,702 INTERNET PRICE. I haven't told the salesman that I want to lease the car yet.   Is this a good starting price to start negotiating with? Anyone has the money factor and residual out there? I am looking for 36months, 12K/year.   Thanks for the help.   Michael Replies to this message: Car_man (Feb 01, 2009 6:31 am)
#1556 of 1833 Any new incentives coming out by elephant22 Jan 30, 2009 (10:09 am)
Anyone have an idea of any new incentives (like the one from December) are coming out? Replies to this message: redly_one (Jan 30, 2009 7:23 pm)
#1557 of 1833 Re: Any new incentives coming out [elephant22] by redly_one Jan 30, 2009 (7:23 pm)
Replying to: elephant22 (Jan 30, 2009 10:09 am) sorry to go OT, but it's more like dis-incentives. Higher money factor, lower residuals
#1558 of 1833 Leasing numbers I got today in Los Angeles by ryo998 Jan 31, 2009 (10:14 pm)
Just want to share the numbers I got today trying to lease a 09 Odyssey EX-L with NAV and RES.   Went to 2 dealers today. Of course, when they hear that you are leasing the car, they just want to focus on how much you want to pay per month. Anyway, the first dealer (in Monrovia) quoted me $560 on 38mo/12K with $970 drive off (includes first month and doc fees). The money factor was 0.0025 and residual 48%. I back calculated the cap cost to be somewhere around $32850. I didn't think it was good enough so I told him I would think about it. The guy was pretty professional and said if I changed my mind to give him a call.   The second dealer (in El Monte) sucked. I asked for the guy whom I have been communicating through email. He came out to greet me and seemed friendly. Then we started talking a bit about the van and I told him what I want to pay monthly. He wrote down the numbers and then left. Five minutes later he came back with some guy who says he can take me to their lot to find the color I want, and he will take over after that. I said ok. So off we went, saw the van, decided on a color and then came back to the dealership. He wrote down some info for credit check and then five minutes later he came back with another guy to handle the negotiation. I was not happy being handed off like that. Anyway, this guy came in with some ridiculous numbers, like $600/mo with $6500 for my trade-in (I left out the trade-in at first dealer because their quote was too low). I calculated the cap cost to be more than the MSRP! I was like, "yo, you've gotta be kidding." I felt really insulted. Anyway, we went back and forth a few times, his best price was $589 for 39 mo/12K with $1000 drive off. I was pretty disgusted with how I was treated so I walked out.   Well, I hope tomorrow is a better day. Got a couple more dealers to hit...   Michael

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