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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1835 messages, Last post on Dec 02, 2009 at 6:34 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Sep 07, 2005 3:04 am) Thank you for your reply. I will be interested in your information so that I may calculate an estimated lease monthly payment. I'm not sure how to articulate this question: Does Honda residualize dealer installed options the same way it residualizes the vehicle? I ve heard that Toyota has a different residual for its options than the vehicle itself. Looking forward to your input! |
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You're very welcome mi_sat. Unlike Toyota Financial Services, American Honda Finance Corp. allows the full residualization of any factory installed options, though Honda doesn't offer much in optional equipment anyhow. Most of its vehicles come fairly well equipped with standard equipment. I am not sure about its residualization policy for dealer installed options. As far as this van's current lease program goes, if you were to lease a 2006 Odyssey EX-L non-Touring and without the navigation or entertainment systems through AHFC right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00255 and 55%, respectively. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 13, 2005 2:16 am) My opinion: Honda's finance rate is absurd. 6.1% on a 36 month lease? Yikes. I can get a 60 month car loan at 5.2%. Maybe buying isn't such a bad idea. Payment difference is only about $110/month. |
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Replying to: Car_man (Sep 13, 2005 2:16 am) Thanks
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Replying to: dpav (Sep 13, 2005 3:52 pm) Given what one can get a car loan from a credit union, I think 6% is too high. But that's just me. Some banks are charging a lot more than that. |
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You're very welcome mi_sat. Most manufacturers' standard finance and lease rates are not very attractive. Honda doesn't need to provide low interest rates on the Odyssey because it sells well enough on its own. Financing this van through an independent bank is not a bad idea. Car_man Host Smart Shopper / Prices Paid Forums |
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Dpav, leases' mileage allowances have no impact upon their money factors. Honda finance's standard money factors are exactly the same for 36 and 39 month leases right now, .00255. Its standard factor drops slightly, to .00235, for 42 and 48 month terms. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 15, 2005 3:22 am) What is the residual on a 36 mo lease EX-L thru Honda Finance (or other bank that you have access to) ? Have you seen anything yet ? Thanks
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Replying to: dpav (Sep 15, 2005 3:01 pm) Not many banks leasing -- at least that I am aware of. |
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Replying to: Car_man (Aug 31, 2005 3:06 am) |
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