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Honda Odyssey Lease Questions

1835 messages,  Last post on Dec 02, 2009 at 6:34 PM

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

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#1814 of 1835 Re: lease swap-buyout question [yortiz] by tac99us Nov 10, 2009 (9:35 am)
Replying to: yortiz (Nov 10, 2009 8:53 am) yortiz - did you have him pay the money for the payout and then sign it over to your relative as a gift? Replies to this message: yortiz (Nov 12, 2009 8:55 am) jayrider (Nov 12, 2009 9:04 am)
#1815 of 1835 Re: 2010 EX & EX w/ RES [tga01] by Car_man HOST Nov 11, 2009 (3:12 am)
Replying to: tga01 (Nov 04, 2009 4:34 am) Here you go, tga01. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Odyssey EX-L with RES, NAV, and 15,000 miles per year are .00139 and 49%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1816 of 1835 Re: Odyssey lease rates [barrybuckeye] by Car_man HOST Nov 11, 2009 (3:17 am)
Replying to: barrybuckeye (Nov 04, 2009 6:45 pm) Hi barrybuckeye. Honda Finance's current 36 month, 15,000 mile per year residual value for the '10 Odyssey EX-L with RES but without NAV is actually 50% and its money factor is .00139.   As far as this van's selling price goes, this dealer isn't really selling you it at invoice, since they are baking in a $399 doc fee which is essentially pure profit. Having said that, even $399 over invoice is an excellent deal.   I see that you have $2,500 in equity from your trade that you are considering using as a capitalized cost reduction on your lease. You would be much better off if you had the dealer cut you a check for that $2,500 rather than applying it towards your new lease. I always advise consumers to put as little money down as possible when leasing. Those who make large down payments on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1817 of 1835 Re: Mass - EX Lease [airoops] by Car_man HOST Nov 11, 2009 (3:23 am)
Replying to: airoops (Nov 07, 2009 6:03 pm) Hi airoops. Thanks for taking the time to share the details of your lease with everyone. I'm glad to hear that you had a pleasant dealer experience. If you haven't already, you can tell even more people about it by stopping by the Dealer Ratings & Reviews section of Edmunds.com.   Thanks again and enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1818 of 1835 Re: Are California Residuals different [socal_bbfan] by Car_man HOST Nov 11, 2009 (3:29 am)
Replying to: socal_bbfan (Nov 08, 2009 9:57 am) Hello socal_bbfan. It's strange that the dealer would quote you a different residual value on this car given the fact that dealers do not have the aithority to alter Honda Finance's published residual values. Honda Finance's current 36 month, 12,000 mile per year resid for a 2010 Odyssey EX-L with the RES is 52%. With RES and NAV it drops slightly to 51%. Make sure that the dealer uses these resids to calculate your payment, or find a different dealer that won't play games with you...there's plenty of them in Cali.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1819 of 1835 Re: 2010 EX-L w/RES and NAV rates [groundsloth] by Car_man HOST Nov 11, 2009 (3:36 am)
Replying to: groundsloth (Nov 09, 2009 4:57 pm) Hey groundsloth. Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2010 Odyssey EX-L with RES, NAV, and 12,000 miles per year are .00139 and 51%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#1821 of 1835 Residual/mf on 2010 EX by robbyg Nov 11, 2009 (4:34 pm)
Hi Car_man, can you confirm that the residual on a 2010 EX for 36 mos/12K per year is still 56% and the money factor is .00139? I'm in the Los Angeles area. Also, when do the residuals typically change, and do you think it will be the same in December?   Finally, if you can stop by the Toyota Sienna Lease forum when you get a chance, I was inquiring there about lease rates from Toyota since I want to see how they stack up to Honda.   Thanks!
#1822 of 1835 Re: lease swap-buyout question [tac99us] by yortiz Nov 12, 2009 (8:55 am)
Replying to: tac99us (Nov 10, 2009 9:35 am) I know the credit union paid Honda the payoff and then I signed an odometer statement. Don't think I signed it over as a gift though. I do know we didn't pay sales tax twice. Sorry I don't have better details... Replies to this message: jayrider (Nov 12, 2009 9:04 am)
#1823 of 1835 Re: lease swap-buyout question [yortiz] by jayrider Nov 12, 2009 (9:04 am)
Replying to: yortiz (Nov 12, 2009 8:55 am) In illinois you are taxed on the book[?] value of your car -- not what it cost you if the number is too low [zero]. You can give cash up to a certain amount with no tax but cars get charged when you get a new title/registration. Otherwise folks would under represent the bill of sale from an individual to lower taxes.

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