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Honda Odyssey Lease Questions

1814 messages,  Last post on Nov 10, 2009 at 9:35 AM

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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#1742 of 1814
Odyssey Ex by pilot25
Jul 01, 2009 (6:02 am)
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I had posted my offer but the dealer apparently thought I was talking about the EX.
He also said that the newspaper ad was from a different bank not Honda Financial. Is it better to go through Honda Financial and get the 1500 wear and tear, 12k miles, and roadside assistance? At the end of the lease will they nitpick over every little scratch from the other bank?
#1743 of 1814
CaliforniaLady by californialady
Jul 04, 2009 (6:02 pm)
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I am looking for a lease for a 2009 Odyssey with Navi and Res.and I live in Southern California. I also want to lease with 0 down. Please let me know what kind of deal I can get.
#1744 of 1814
Re: Lease payment [Car_man] by californialady
Jul 04, 2009 (6:36 pm)
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Replying to: Car_man (Jul 01, 2009 2:14 am)

Hi car man,
 
How do I get this deal on an Odyssey with 12,000 miles per year?
#1745 of 1814
2009 EX Lease by hcviana
Jul 05, 2009 (1:23 pm)
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Currently considering a 36 month/15K mile lease on an Odyssey EX as follows:
 
$850 down and $399/mo including 6% Florida tax.
 
I understand the money factor and residual for this deal are .0025 and 50% respectively.
 
The $399 corresponds to approximately $25,000 Total cap cost.
 
Is this a good deal?
 
The $2500 cash incentive supposedly expires tomorrow.
#1746 of 1814
any lease rate info for 2009 Touring? by andy603
Jul 11, 2009 (4:37 pm)
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Anybody have any lease quotes lately? looking for 2009 Touring for 36m x 12k.
 
thx
#1747 of 1814
Salesperson Shenanigans re leasing by hondabuyer8
Jul 13, 2009 (6:29 pm)
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Shopping for an EX-L w/o RES or NAV, but would take one with it if I had to. Thought I'd share these two stories from (1) a NY dealer and (2) a NJ one.
 
NY: Visited a dealer who quoted me "mid 500s" with zero down (we agree I'll pay bank fee, 1 month, tax, and reg) to lease a Pilot and said the Odyssey would be less "since it's a less expensive car". So, I return to lease the Ody and see what happens. they only have one with RES and he quoted me $750 per month "because the DVD adds $3700 to the price of the car" (!). When I take a minute to explain that he's 40% over what he said and his math on the DVD is insane, he comes back with 625 per month. I say, wow, that's a lot of price flexibility, why don't you get it down to what you said, mid 500s (yes, I know that is too high still) and walk and he chases after me out the door but I'm done.
 
NJ: Same scenario, also a 36-month lease ZERO down. I get an email quote at 42 months (wrong), $520 per month [still too high but closer], "0 down + $1500 inception". I say, um, $1500 inception is not zero down and salesperson says, well, we're being honest because the bank might not approve your financing to get you to $520 so the $1500 reflects that!! I say try again I qualify for tier one financing and I get a new quote, still at 42 months but, I swear to the lord, the salesperson has divided $1500 by 42 and spread the it over the course of the lease plus 25cents per month so I'd actually be paying more. I move on and the quest for one honest car dealer continues.....
#1748 of 1814
Re: Salesperson Shenanigans re leasing [hondabuyer8] by bigdadi118
Jul 14, 2009 (8:08 am)
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Replying to: hondabuyer8 (Jul 13, 2009 6:29 pm)

It is NOT a good time to lease any Honda Odyssey, Pilot since currently no incentives and no lease specials offered by Honda.
 
Lease an Acura MDX base is much cheaper now $499/mo. with incentive / lease special
http://www.acura.com/tools/shopping/CurrentOffers.aspx?model=MDX&modelYear=2009
#1749 of 1814
Re: Lease payment [californialady] by Car_man HOST
Jul 15, 2009 (1:59 am)
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Replying to: californialady (Jul 04, 2009 6:36 pm)

Hi californialady. Unfortunately, Honda pulled the plug on its support on trucks for July, so it won't be possible to repeat any of the June deals that you see mentioned here right now. The best that you can do at this point is negotiate a selling price that's as close to dealer invoice as possible, without the aid of any cash incentives.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1750 of 1814
Re: Lease payment [Car_man] by andy603
Jul 15, 2009 (2:37 am)
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Replying to: Car_man (Jul 15, 2009 1:59 am)

question Car Man- Im still a little confused. If you try to buy a car that has no apparent incentives, like the 2010 Pilot at the moment, at closest to invoice as possible, is the dealers profit only the diff btwn selling price and invoice? Or does the dealer have more margin somewhere else from say volume discounts or other incentives we can't see? For instance, I just got quote for 2010 Pilot with RES & NAV for $37, 750 +Doc. Thats only about $600 over invoice + 350 in doc for a total apparent profit of $1000. Once the dealer pays the salesperson a commission, that isn't much left over to keep the lights on. Believe me, I'm not socialist, but I do believe in fair profit and keeping people employed! Any clarification/insight appreciated!
#1751 of 1814
Re: Lease payment [andy603] by Car_man HOST
Jul 16, 2009 (2:30 am)
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Replying to: andy603 (Jul 15, 2009 2:37 am)

Yes, andy603. If you purchase a vehicle that does not have any cash incentives available on it, the only profit on the deal is the difference between the vehicle's invoice price and its selling price plus whatever holdback money they get. You're right, there's not a lot of money in new vehicle sales. Most dealerships barely make a profit on their new vehicle operations. Things like used vehicle sales and service enable them to keep the lights on.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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