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Honda Odyssey Lease Questions

1840 messages,  Last post on Dec 09, 2009 at 3:36 AM

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


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#1712 of 1840
2009 Odyssey EX Lease by phani119
Jun 10, 2009 (6:40 am)
Reply
Hi folks,
 
Can any of you please tell me if I am getting a decent deal here for a 2009 Odyssey EX.
 
I negotiated a lease price of $399 for a 36 month lease with 15K miles/year and 0 down. When I take possession of the car, I was told that the only thing I need to pay for is the plate cost which is about $156 in MI. The first payment of $399 will be 30 days form the time I take the car and in total there will be 35 payments.
 
Is this a good deal? Thanks
 
Phani
#1713 of 1840
Re: 2009 Odyssey EX Lease [phani119] by khanection
Jun 10, 2009 (11:11 am)
Reply

Replying to: phani119 (Jun 10, 2009 6:40 am)

Hi Phani119... this price sounds impossible. What is the vehicle sale price?
#1714 of 1840
Re: Dealer Incetives - SHHH! Its a secret according to this dealer [sjtash] by medmdmd
Jun 10, 2009 (9:11 pm)
Reply

Replying to: sjtash (Jun 04, 2009 7:36 am)

You can get that information elsewhere if your dealer can't/won't share it.
 
You already know from Edmunds that Invoice for this model (including destination) is $32,151
AND
you know the dealers get a $2500 incentive.
 
The big question is how much YOU pay for the car.
 
In East Coast metro areas you might be able to get below 10% under invoice if you have no color preference and the car is in stock.
With hold backs and other behind the scenes motivators, the $2500 incentive is clearly only part of the picture for some dealers.
 
Again, I'm not sure what the dealer passes on to you really matters if you get the car for the lowest possible price.
#1715 of 1840
Re: 2009 Odyssey EX Lease [khanection] by medmdmd
Jun 10, 2009 (9:22 pm)
Reply

Replying to: khanection (Jun 10, 2009 11:11 am)

Unless it is a teaser quote BEFORE taxes and fees are added.
 
What state is s/he in?
#1716 of 1840
Re: 2009 Odyssey EX Lease [medmdmd] by phani119
Jun 11, 2009 (6:07 am)
Reply

Replying to: medmdmd (Jun 10, 2009 9:22 pm)

State is MI.
I believe the sale price is $23,7XX. I already paid the $ 500 deposit yesterday so the delaer could bring the car in for me today.
 
Initially the dealer said I had to take what was in stock. My wife liked silver and the dealer did not have it. Later he called and said he could get a silver. If everythign works out, I will be driving with it today. I also have the purchase agreement from the delaer.
 
Since I am transferring my title, it is a sign and drive thing. Do not have to pay even a penny and the first of 35 payments will be 30 days from today.
 
Will keep you all posted.
#1717 of 1840
EX-L w/ RES - $472/ mo by sjtash
Jun 11, 2009 (6:42 am)
Reply
I am ready to lease an Odyssey with RES, 36 mos, 15k miles/year. I've received quotes from various dealers on Long Island, NY. The specifics of this deal are as follows:
Sales price (w/ $2,500 incentive) - $29,200
Residual - 46%
MF - 6%
 
This seems to be the best I can do and others will not match the deal. I've already leased a new Pilot from this same dealer, there were no gimmicks, bait and switch or other sales tactics. Once in the dealer the transaction took about 25 mins.
#1718 of 1840
2009 EX-L Lease Deal Question by maytal
Jun 11, 2009 (1:59 pm)
Reply
Hi Carman,
 
Is this considered a good lease deal?
 
Honda Odyssey EX-L(no Navi & no DVD)
Total drive off is $964 and monthly payment is $456 plus tax at same 36months and 12K/miles per year.
 
Or $1964 drive off and $427 plus tax 36 months and 12k/miles per year.
 
2009 model and price is $28305.00 MSRP is $33825.00 and invoice is $31005.34
 
Does this look right?
 
Any way you think I can get the payments closer to $400?
 
Thanks,
Maytal
#1719 of 1840
Re: 2009 EX-L Lease Deal Question [maytal] by robertw477
Jun 12, 2009 (7:37 am)
Reply

Replying to: maytal (Jun 11, 2009 1:59 pm)

Hi Maytal
 
My business partner was just offered the EX-L with DVD for 466.00 Plus 6% Fla Tax.
 
I would not do the 1964 down because there is no benefit to you.
 
From what I understand it will be tough to get the car close to 400.00 a month. I will post if I see otherwise.
 
Rob
#1720 of 1840
Our lease deal by radkeks
Jun 15, 2009 (9:50 pm)
Reply
Thought I'd share with you:
EX-L with DVD 36 month Lease, 12K:
$1,000 down, $474/month. Including IL/ chicago high tax.
 
Not sure if this is the best we could have done, but it is alot better than what was offered us a month ago. Old lease was up, so we had to pull the trigger.
 
ETA: I'm trying to recall selling price. $28,400 I think. I can check my notes if anyone wants to know.
#1721 of 1840
Odyssey EX (NJ Area) by abinitio
Jun 18, 2009 (12:00 pm)
Reply
I had a lease deal completed yesterday. I started talking with salesman at 2:30pm and picked up the new Odyssey EX at 5pm. That's was a quick deal. Lease details are as following.
 
Model : Odyssey EX
Drive-off cost : $1,500 incl. registration, bank fee, first month payment etc
Monthly : $383 incl. NJ tax(7%)
Miles : 15,000 / year
 
Not the best but I think this is a decent deal for 15K/year and within 2 hr period.

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