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Honda Odyssey, Car Leasing, Van
#1881 of 2988 Re: Odyssey EX w/ RES lease [pjtnc]
Feb 28, 2010 (9:29 pm)
Please help! Need to pick up a car tomorrow or next day!! Looking to lease an 2010 EX w/o NAV or RES. http://automobiles.honda.com/current-offers.aspx has a lease deal on the LX for $269/month with $1999 due at signing assuming $27,515 MSRP. I'm seeing OTD prices on EX's in the $28k range, so doesn't it stand to reason that I could get a lease payment of +/- $300 per month with ~$2k down on an EX? Dealers have quoted me $3k down and mid-$300s per month for an EX but this seems out of line compared to the LX. Is Honda just trying to dump LXs or can someone explain this to me? What's the best I can do on a 36 month lease on an EX?
pjtnc - how much was due at delivery?
#1882 of 2988 Re: Odyssey EX w/ RES lease [onanodyssey]
Mar 03, 2010 (7:37 pm)
Paid first month's payment ($339) and tag ($74) at signing. Didn't have to put anything down to get to the mid-$300s for the EX w/ RES. Two other dealerships (Flow Honda in Winston-Salem,NC and Vann York Honda in High Point, NC) were willing to do $0 down for $349/month.
#1883 of 2988 Lease deals for March 2010
Mar 05, 2010 (11:31 am)
Looks like Honda is being VERY aggressive on lease deals to steal more business away from Toyota.
The Odyssey is LEASING for $300/mo. $0 due at signing for the LX model. 36 months & 12k miles/yr.
My question is this:
What should a EX or EX-L lease out for?
Anyone have the CURRENT/NEW money factors & residuals?
Anyone can post their deals so far?
My zipcode is: 89123 (Las Vegas) if that matters
#1884 of 2988 Re: Lease deals for March 2010 [lasvegasrph]
Mar 08, 2010 (10:55 am)
I'd be interested as well. Looks like the $1250 dealer cash is no longer around,
But with the LX deal it seems the residual was bumped up 2 points (.56 to .58 on the 12k/year, 36 mo. lease) and the money factor dropped from .00102 down to .00092.
I am looking at the EX-L NAV & RES if anyone has the current numbers.
#1885 of 2988 Re: Lease deals for March 2010 [gt0279a]
Mar 08, 2010 (11:14 am)
Here's where I ended up (Milwaukee area): 2010 EX w/out RES - $2650 due at signing ($2000 cap reduction + first payment, tax, plates, etc.) and $317/month for 36 months 12k miles / year. Overall, not too bad IMHO.
#1886 of 2988 Re: Lease deals for March 2010 [gt0279a]
Mar 08, 2010 (12:31 pm)
I have contacted a few dealers in Southern California, still waiting for a few to get back to me on quotes. (36 months + 12k miles/yr)
The best quote so far: ZERO DUE AT SIGNING (Sign/Drive) for a 2010 Hona Odyssey were as follows:
EX-L w/RES was $405/mo + taxes.
EX w/RES is: $383/mo + taxes
EX is: $368/mo. + taxes
LX is: $300/mo. + taxes
I think the RESIDUAL VALUES for EX/EX-L are: 53% (LX may be higher? 56%)
Money Factor is STILL the 0.00102 (2.45%)
Pretty much, I think the deals CAN/WILL be better, since a NEW 2011 Honda Odyssey is coming in August 2010. These are not bad deals, but I think there is some more "wiggle room" in these quotes.
#1887 of 2988 Re: Lease deals for March 2010 [lasvegasrph]
Mar 08, 2010 (1:06 pm)
I can't get the $300 payment for the LX with that .00102 money factor. Comes out to be $304.13. with the 58% residual ($15,958.70) and net cap cost of $25,389.35 from the published deal.
#1888 of 2988 Re: Lease deals for March 2010 [gt0279a]
Mar 08, 2010 (6:02 pm)
I agree with you........that's what makes this strange. We need to get the CURRENT RESIDUAL VALUE for the EX, EX-L, and Touring models from the CarMan here on Edmunds.com to know for sure.
I do think the LX is a HIGHER residual for the ADVERTISED SPECIAL. The other models might be lower.......I am assuming 53%.
Yes, working backwards on the math, it would seem YOUR numbers are spot on.
58% and 0.00102 for the LX.
#1889 of 2988 Re: Lease deals for March 2010 [lasvegasrph]
Mar 09, 2010 (10:00 pm)
I just leased an EX for $313/month with a $1000 down including tax, tags and 1st payment in NJ and I think the residual on the contract was around $17000.
#1890 of 2988 Re: Lease deals for March 2010 [adb280z]
Mar 10, 2010 (7:14 am)
I am in NJ too and I want to lease an EX w/ R
where did you get it ?