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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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#1585 of 1833
Just purchased 09 EX-L w/RES by raechris1
Feb 20, 2009 (2:51 am)
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I enjoy these threads so I figure I should contribute as well. I just negotiated for an 09 EX-L w/RES, fresh from the factory (still in transit), a price of edmunds invoice (incl. dest.) minus the 2250 incentive, minus 700 holdback = 29,200. I did the lease with a 36 mo. term with 49% residual and .0025 (6%) money factor. I had a trade of 5k that brought my payment to $327. I am happy with this purchase and shopped all the local dealers. Ended up at Weymouth Honda, MA and the sales manager (rules say no salesperson names) was great. Very straight forward and a pleasure to deal with. Now just waiting for the vehicle to arrive.
#1586 of 1833
Re: EX-L/Res/Nav... Deal ?? [spotwiz61] by Scroodge
Feb 20, 2009 (12:49 pm)
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Replying to: spotwiz61 (Feb 16, 2009 2:01 pm)

Looks like the deals are getting better for everyone... Good times . Just picked mine up -- the wifey loves it .
 
BTW, my $541 include illinois lake county taxes (i.e. 7% of full cap cost).
 
To someone who is trying to decide whether to get RES... If you have kids (which you probably do if you are getting an Odyssey), get it. It's been less than one week, and that's the feature my wife loves the most -- the screaming, fighting, and "are we there yet" have almost stopped. It's magic!
 
To me RES was more important than Nav. I have to say I am not overly impressed with Honda's Nav system, but it's nice that it's there.
#1587 of 1833
Re: EX-L/Res/Nav... Deal ?? [Scroodge] by bigdadi118
Feb 22, 2009 (8:46 am)
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Replying to: Scroodge (Feb 20, 2009 12:49 pm)

It is called SIRIUS BACKSEAT TV ...
 
I saw in crutchfield catalog lately that one can add-on Sirius TV that will pull in TV channels of NICKLODEAN, DISNEY, CARTOON NETWORK, etc for $6.99/MO for backseat while front seat can listen to Sirius radio.
 

 
http://www.carspace.com/bigdadi118/Albums/bigdadi118%27s%20Album/Backseat_TV.jpg- /page/photo.html#pic
#1588 of 1833
Re: Just purchased 09 EX-L w/RES [raechris1] by spotwiz61
Feb 22, 2009 (5:38 pm)
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Replying to: raechris1 (Feb 20, 2009 2:51 am)

Today's newspaper ad has a deal for EX-L w/ RES for $425 w/$0 DN FOR 39mos, due at signing is the bank fee $595, Dest charge $670, tax & tags.
 
I estimate rolling the bank fee/Dest/Taxes into pmt would make this deal at $505
 
Normal 36mo lease one would add $33 per thousand as a rule of thumb.
#1589 of 1833
anyone know if the incentives will continue to march or may? by looking4one
Feb 23, 2009 (8:01 pm)
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my current lease expires in 2 months, i'm considering jumping on the exl w/res and navi now...
#1590 of 1833
by Scroodge
Feb 24, 2009 (8:26 am)
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It's near impossible to tell. I've tried to get this kind of info in the past, and never succeeded -- and not for lack of trying. The dealers get this info on the first of the month (sometimes third or fourth or thereabouts). A day or two later it gets published. As I understand, incentives are decided month-to-month based on monthly forecasts, which are a factor of economic conditions, demand, competition, etc. So the quick answer is.... don't think you'll find out until March.
 
That said... given the economic conditions, I doubt Honda will remove cash incentives or even scale them back. The financial terms are another story... they are crap now, and I have absolutely no idea where they are likely move from here.
#1591 of 1833
Re: Can I get Better? [salesdoll] by Car_man HOST
Feb 25, 2009 (3:12 am)
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Replying to: salesdoll (Feb 06, 2009 5:05 am)

You're very welcome, salesdoll. Yes, that's exactly what I meant. Honda pays for the dealer cash so from the perspective of purely looking at this van's dealer discount your deal is equivalent to slightly over invoice. You can ask for what ever you want to, but I doubt that you are going to be able to do much better than slightly over invoice minus the available dealer cash. The dealer is making very little money on this deal at that level.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1592 of 1833
Re: Just purchased 09 EX-L w/RES [raechris1] by Car_man HOST
Feb 25, 2009 (3:16 am)
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Replying to: raechris1 (Feb 20, 2009 2:51 am)

I'm glad that you enjoy the leasing discussions so much, raechris1. Thanks for taking the time to give back and share the details of your new lease with everyone. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Congratulations on getting your new van and enjoy!
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1593 of 1833
Re: anyone know if the incentives will continue to march or may? [looking4one] by Car_man HOST
Feb 25, 2009 (3:19 am)
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Replying to: looking4one (Feb 23, 2009 8:01 pm)

Hi looking4one. Honda's current lease program for the Odyssey is scheduled to run through March 2nd. It is difficult to say what its new March program will look like. If I had to make an educated guess at this point, I would say that it will be very similar to its current program...but it is difficult to say for certain. If you decide to wait, please feel free to check back with me on March 3rd or so and I will be happy to fill you in on the details of the new program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1594 of 1833
base EX-L lease terms? by hbq
Feb 27, 2009 (1:47 pm)
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Replying to: Car_man (Feb 25, 2009 3:19 am)

Carman - do you know the current lease terms on a base EX-L (no res/nav), 36month, 15k/yr?
 
Thanks for all the information you've posted - extremely helpful

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