Last post on Dec 12, 2013 at 4:07 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Odyssey, Car Leasing, Van
#2804 of 2994 Re: 2013 EX-L / RES (Lease Question) [agjake01]
Dec 30, 2012 (6:15 am)
Hi Jake. The selling price that you were quoted appears to be below dealer invoice, which is an excellent deal.
Let's work up a payment on this van for you. According to my calculations, if you were to lease a 2013 Odyssey EX-L with RES that has an MSRP of $37,655 and a capitalized cost of $35,430 through Honda Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $506.
Prices Paid: Buying & Leasing Experiences Forum
#2805 of 2994 Odyssey EX-L Lease
Dec 31, 2012 (3:47 pm)
Car_Man, Can you give me a reality check? I am looking at an Odyssey EX-L with Navigation in Southern California. The dealer quoted me an MSRP of $38650 and a sale price of $36995. He said the residual is $20,495, and with my lease trade in adding $65/month, and $2,000 down, he quoted me a monthly payment of $688/mo. I thought that was outlandish. How does your calculation compare? Thanks.
Jan 03, 2013 (7:58 pm)
Just to share my deal. I leased a 2013 Odyssey EX-L with RES today. The selling price was 33,993 through Costco (including destination) and the lease worked out to $365.22 not including tax. I paid the taxes and standard fees up front but put nothing down to lower the cap cost. The lease was not through Honda as their residual was not competitive and made the payment almost into the $500's. I leased through Bethpage Federal Credit union and they were offering a 60% residual and .00127 money factor on a 39 month lease. I think that Honda's was 52% residual and .00125 money factor for a comparable lease. All in all I am very happy as we were planning on financing the car as leasing seemed unfavorable. Hope this can help someone get into a lease when they were in the same predicament as me.
Unfortunately, i do not know if anyone and everyone can lease through BFCU as they do require membership, but it may be something to look into.
#2808 of 2994 ex-l with nav
Jan 05, 2013 (8:55 pm)
Feel like a dummy, dealership near my (north NJ) had a 2012 Odyssey EX-L with Nav for $339 with $1200 due at signing and didn't jump on it because my wife didn't want white. Deal ended on the 2nd and they won't do the deal now, of course I had managed to talk my wife into the white one. I can't find a comparable deal now and I hate to pay more once I've seen a better deal.
#2809 of 2994 2013 Odyssey EX MA
Jan 11, 2013 (11:25 am)
Have an offer for 2013 EX
36 months 15k a year
$435 a moth (tax included)
Turning in end of lease 2010 EX
#2810 of 2994 Re: One Pay Lease [tweety6583]
Jan 12, 2013 (5:29 am)
Never do a single pay lease when you are paying with cash. That defeats the entire process of leasing. With leasing you want to treat your car payment like a utility bill, pay it as you use it.
I can understand if you are going from owning your car and want to start leasing, I think their is a sales tax benefit in some states. I also believe with Honda single pay leases, you get a much reduced money factor.
Try to sell your current car yourself and you will be further ahead.
#2811 of 2994 Re: 2013 Odyssey EX MA [daved5]
Jan 12, 2013 (11:31 am)
Sounds a little high. What is the cap cost? Are you trading in your current vehicle or has the lease ended and you're turning it in and getting into a new one?
I was able to get some positive equity out of my Odyssey when I traded it in early. I used that equity to reduce the cap cost. I've got a '12 EX-L RES for $399 a month, including tax.
#2812 of 2994 Re: 2013 Odyssey EX MA [dylrex]
Jan 13, 2013 (11:03 am)
Any money out of pocket on that lease?
#2813 of 2994 Re: 2013 Odyssey EX MA [adb280z]
Jan 13, 2013 (3:27 pm)
Just first months payment.