Last post on Dec 05, 2013 at 1:26 PM
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Honda Odyssey, Car Leasing, Van
#2656 of 2988 2012 Odyssey EX-L w/ RES
May 03, 2012 (7:37 pm)
Just posting the deal I think I'm going to take tomorrow...
2012 Honda Odyssey EX-L w/ RES
My Price $33409 (sale sticker, TMV is 34712, USNews Avg price for my area is 34526)
Fees $1303 (bank, processing, tax, title, license)
Down payment $5000 (first payment taken out of this)
Net cap cost $30016
MF .00102 (was .00092, but got bumped when I had dealer pull out a $890 fee. Is that common?)
Term 36mo/36k miles
$333/mo $0 due at signing
Also, selling a 2005 Prius with 121,300 miles and in fair condition (front bumper cracked, some dings and dents, everything else in top shape for a 2005) for $5775 cash in a private sale. Carmax offered $5500.
#2657 of 2988 Re: Need help, quickly! I think I am being taken advantage of.... [justmeplus3]
May 07, 2012 (3:11 pm)
Hi justmeplus3. You're absolutely right, you need to negotiate this van's selling price. There's no reason to pay full MSRP for an Odyssey right now. Given the fact that Honda is giving dealers $750 dealer cash on this model right now, f I was in the market for one I personally would shoot for a selling price of right around dealer invoice, perhaps a bit under. You should shop around with a few dealers until you find one that is willing to meet that price.
You can look up the exact invoice price of the van that you want over in the New Vehicle Pricing section of Edmunds.com. The invoice price of a 2012 Honda Odyssey LX is currently $26,786. So shoot for a selling price of around that or slightly less.
Using Honda's current lease program, I estimate that a 2012 Odyssey LX that has an MSRP of $29,205 and a selling price of $26,700 would have a zero down, pre-tax monthly payment of around $308...assuming that you qualify for its top credit tier.
You should treat your new vehicle and your trade-in as separate transactions. This just makes everything simpler and keeps the dealer from clouding up the deal. In fact, it would be in your best interest to have the dealer cut you a check for any equity that you have in your CR-V rather than using the proceeds from it as a down payment for your new lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.
I hope that this helps you out. I know from first-hand experience that car shopping with kids in tow is not an easy thing to do . Good luck and please let us know if you have any other questions.
Prices Paid: Buying & Leasing Experiences Forum
#2658 of 2988 1st time Lease - Honda Odyssey 2012 EX-L
May 09, 2012 (5:46 pm)
Hi, any advice for a 1st time lease... looking to lease a 2012 Odyssey EX-L in Miami, FL. Tax 7%. Just went to 1st dealer, offered $475+tax no down.
I would really appreciate your help.
#2659 of 2988 Re: 1st time Lease - Honda Odyssey 2012 EX-L [helenc1]
May 10, 2012 (5:10 am)
I am just starting to work with dealers in the Ohio now on an EX-L lease. I have received quotes so far with 6.75% tax included and 0.00 out of pocket of:
Hopefully this will give you an idea of what is out there, though Iím not sure how FL deals may differ from Ohio deals but $475 plus tax sounds on the high end.
#2660 of 2988 Re: 1st time Lease - Honda Odyssey 2012 EX-L [helenc1]
May 10, 2012 (5:23 am)
I was close to buying an Odyssey and here is where i was at in FL:
2012 EX-L w/RES 36/12 $5K out of pocket was $299+tax, so it would have been $317 a month.
I could have gotten that a little lower, maybe, but it was good. The 5K down was my car I sold in order to keep payments low.
May 17, 2012 (3:59 pm)
Received some additional EXL lease qutoes. Lowest so far at $418 with 0.00 out of pocket and 6.75% tax Included per month. How does this sound for basic EXL?
#2662 of 2988 Re: exl price good? [dodgehappy]
May 17, 2012 (6:28 pm)
sounds great, was that in FL?
#2663 of 2988 Re: 1st time Lease - Honda Odyssey 2012 EX-L [dodgehappy]
May 17, 2012 (7:02 pm)
Thank you, I'll keep looking!!!
#2664 of 2988 Re: 1st time Lease - Honda Odyssey 2012 EX-L [helenc1]
May 19, 2012 (5:47 am)
It is for Ohio. Did some more shopping and now found as low as 30500 for the vehicle and 394 with tax lease payment.
#2665 of 2988 HELP on Residual Value and MF Texas
May 20, 2012 (6:53 am)
I am in the market for an Odyssey EX or EX-L
Can someone please share or point me where to find the current Residual Value and MF?
Also, Are taxes paid on monthly leasing payments in TX if your lease agreement is signed in TX?
A few years ago I leased a car in other state then moved to TX and soon as I changed my address with the leasing Co. the tax in my monthly payment was removed.
Will we see better deals around July/Aug when 2013 models start selling?