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Honda Odyssey Lease Questions

1800 messages,  Last post on Nov 08, 2009 at 9:57 AM

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

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#1552 of 1800 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 1800 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 1800 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 1800 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 1800 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 1800 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 1800 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
#1559 of 1800 Re: MF and Res Questions [jrm005] by Car_man HOST Feb 01, 2009 (6:22 am)
Replying to: jrm005 (Jan 19, 2009 5:07 pm) Greetings jrm005. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Odyssey EX with 12,000 miles per year are .00250 and 51%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical lease of an '09 Odyssey EX-L are .00250 and 48%.   If you want to lower your payment slightly, you can stretch your lease out to 39 months. Honda Finance's money factors for 39 month leases of this van are exactly the same, but its residual values are 1% lower.   When negotiating the capitalized cost for your lease, make sure to take the $1,250 dealer cash that is currently available on this model into account.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1560 of 1800 Re: 2009 Touring [YBM667] by Car_man HOST Feb 01, 2009 (6:25 am)
Replying to: YBM667 (Jan 24, 2009 12:36 pm) Hi YBM667. Unfortunately, the numbers that the dealer quoted you for this van look about right. Honda's lease program on it right now just isn't that compelling. The $1,250 dealer cash that is available on the Odyssey at least partially makes up for its bad money factor and residual value.   I was talking about this with someone the other day. There are still some decent leases around out there, but one has to look harder for them than they used to. The days of completely unrealistically high residual values and absurdly low money factors seem to have come to an end.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1561 of 1800 Re: Looking to lease 2009 Odyssey EX-L w/ NAV & RES in Los Angeles Area [ryo998] by Car_man HOST Feb 01, 2009 (6:31 am)
Replying to: ryo998 (Jan 26, 2009 1:04 pm) Hi Michael. If I was in the market for an '09 Odyssey in an area that has a high level of competition, like Los Angeles, right now I personally would shoot for a selling price that's fairly close to dealer invoice minus the $1,250 dealer cash that Honda is currently providing on it. You can look up the exact dealer invoice price of the van that you want over in the New Vehicle Pricing section of Edmunds.com.   As far as this model's current lease program goes, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a 2009 Odyssey EX-L with Navigation and the entertainment system with 12,000 miles per year are .00250 and 48%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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