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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1801 messages, Last post on Nov 08, 2009 at 1:33 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: elephant22 (Jan 30, 2009 10:09 am) Higher money factor, lower residuals |
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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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Replying to: jrm005 (Jan 19, 2009 5:07 pm) 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 |
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Replying to: YBM667 (Jan 24, 2009 12:36 pm) 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 |
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Replying to: ryo998 (Jan 26, 2009 1:04 pm) 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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All. I'm in the same predicament regarding the money factor for a 36 month lease. I live in Boston and have been to several dealers. The money factor has been consistent across the board at .0025. Negotiating a low purchase prices has been the easy part -- it's the money factor that is preventing me from pulling the trigger. At this point I'm considering the Chrysler Town & Country as an alternative because of the incentive packages. Anybody have any insight into what March will bring from a money factor perspective for the Oydessy 09. |
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| Hi! New here and am wondering how does this sound: 2009 EX with $3500 down, 12K mi $350/mo for 39 months (this is the drive away price, includes all fees) and includes the $1250 marketing support off the dealer's INVOICE price making the final price about $26,500. The deal was more attractive 6 months ago and I'm kicking myself, why is Honda's money factor so high now given the current economic climate? Should I pull the trigger on this deal or wait until March or later.... Toyota can't do better either. Please advise. Thanks!!! | |
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New to the forum. I am grateful for any insight. There is a national program to lease a 2009 Honda LX for the following: 2,9999.00 Down 299.00 monthly 39 month lease 2,105 capitalized cost reduction 12,000 miles per year I am wondering if, or how, I can do better. Ideally, I would like to get into an EX-L for the same terms. I live in Oregon and have identified about 10 honda dealers that I can negotiate with but have not contacted them yet. Is this possible, or am I dreaming?
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Is anybody out there?
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Replying to: DevilPuncher (Feb 04, 2009 4:03 pm) Drove a Chrysler T&C today and they are offering TONS of rebates (Chrysler no longer leases); employee pricing, etc... but vehicle is not as nice as the Honda for sure. They offer a really nice 36,000 mi bumper to bumper warranty with free towing and a lifetime powertrain warranty. Now, I'm also curious about the federal economic stimulus package that may contain a tax break for new car buyers and am now thinking of buying vs. leasing! Too much to think about.....please help! http://news.yahoo.com/s/ap/20090204/ap_on_go_co/congress_stimulus_66
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