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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1834 messages, Last post on Dec 01, 2009 at 6:14 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: andy603 (Jul 15, 2009 2:37 am) |
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Replying to: bigdadi118 (Jul 14, 2009 8:08 am) "2009 MDX Featured Special Lease $499.00 per month for 36 months. $2,899.00 total due at signing. Excludes security deposit, down payment, taxes, titles and fees. For well-qualified buyers." The extras in the MDX would be 2899 + crazy intangibles like "down payment" (!!) and "fees". The 2899 alone amortized over 36 months is $80, bringing the MDX to 579 and that is not counting the "downpayment". . More sleazy dealer tricks and wording to push up the buyer's total cost. And you need to know what the credit score cut off is for "well qualified". Honda's Tier One is 720. No way is the MDX a better deal even without incentives.
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Replying to: hondabuyer8 (Jul 17, 2009 9:42 pm) just my 2 cents.
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Replying to: andy603 (Jul 18, 2009 3:51 am)
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Replying to: bigdadi118 (Jul 18, 2009 8:57 am)
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Replying to: jayrider (Jul 18, 2009 12:21 pm)
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Replying to: andy603 (Jul 18, 2009 3:49 pm) |
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I am considering buying a car from someone whose lease term is up. It is a 2007 Honda Odyssey EX-L with 35K miles. The seller tells me that her lease is up and she is considering selling the car to make a little bit of money, if she is able to make some money, she will sell it to a private party, if not, she will return it to Honda Finance. To buy the car, I (and the lessee) would need to send checks to Honda. I am trying to figure out how to evaluate the deal and the numbers on her end. Been researching money factor and residual value in the past 30 min but can't seems to make sense of those terms for this car. Would appreciate any help you could provide! Thanks!
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Replying to: car_newbie (Jul 19, 2009 8:17 pm) She'll get the title from mail (2 to 4 days) as soon as Honda received full payment. Probably when you agreed a price to buy the car, and she'll ask you to cut 2 checks : buyout for Honda, 1 profit to her. She signs the back of title and transfer ownership. Check the price in KBB re trade-in and private sale price re this car. Sale / Purchase agreement should be setup and she should not drive the car when waiting for the title in a few days. In theory the car is yours once you paid Honda and her with checks, just a matter of time for the title to arrive from Honda or RMV in mail.
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Replying to: bigdadi118 (Jul 19, 2009 9:41 pm)
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