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Honda Odyssey Lease Questions

1838 messages,  Last post on Dec 08, 2009 at 3:51 AM

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

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#6 of 1838 Re: Re: Re: Honda Odyssey: Lease Questions [Car_man] by mi_sat Sep 13, 2005 (2:26 pm)
Replying to: Car_man (Sep 13, 2005 2:16 am) Thanks again for your valuable information.   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.
#7 of 1838 Re: Re: Re: Honda Odyssey: Lease Questions [Car_man] by dpav Sep 13, 2005 (3:52 pm)
Replying to: Car_man (Sep 13, 2005 2:16 am) Car Man - does 12K miles effect the interest rate that much ? 6% for a 36 mo is a bit steep. What about a 39 mo ?   Thanks Replies to this message: mi_sat (Sep 13, 2005 5:11 pm)
#8 of 1838 Re: Re: Re: Honda Odyssey: Lease Questions [dpav] by mi_sat Sep 13, 2005 (5:11 pm)
Replying to: dpav (Sep 13, 2005 3:52 pm) Mileage won't affect interest rates, only residuals. The interest rate is dependent upon the cost of funds for Honda Credit plus its markupt. Cost is dependent upon the term structure of interest rates (what various rates are for various bond maturities; a/k/a/ "yield curve").   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.
#9 of 1838 Re: Re: Re: Re: Honda Odyssey: Lease Questions by Car_man HOST Sep 15, 2005 (3:20 am)
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
#10 of 1838 Re: Re: Re: Re: Honda Odyssey: Lease Questions by Car_man HOST Sep 15, 2005 (3:22 am)
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 Replies to this message: dpav (Sep 15, 2005 3:01 pm) mi_sat (Sep 16, 2005 3:50 pm) sesarj (Oct 14, 2005 10:20 am)
#11 of 1838 Re: Re: Re: Re: Honda Odyssey: Lease Questions [Car_man] by dpav Sep 15, 2005 (3:01 pm)
Replying to: Car_man (Sep 15, 2005 3:22 am) Thanks Car Man -one other question...   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 Replies to this message: mi_sat (Sep 16, 2005 3:50 pm) sesarj (Oct 14, 2005 10:20 am)
#12 of 1838 Re: Re: Re: Re: Honda Odyssey: Lease Questions [dpav] by mi_sat Sep 16, 2005 (3:50 pm)
Replying to: dpav (Sep 15, 2005 3:01 pm) See message #5 in this chain of messages.   Not many banks leasing -- at least that I am aware of.
#13 of 1838 Re: Honda Odyssey: Lease Questions [Car_man] by wfmud1977 Sep 17, 2005 (8:06 am)
Replying to: Car_man (Aug 31, 2005 3:06 am) I leased a 2004 Honda Odyssey for 24 months back in August 2004. Is there a way I can get out of the lease earlier, so I can purchased a new 2005 Honda CRV?
#14 of 1838 06 Touring lease info by gcr01 Sep 18, 2005 (6:04 am)
Do you know the current Base MF, Base Acq Fee and residual for a maxed out 06 Touring Odyssey for 36 mos 15,000 per year?   Thanks.
#15 of 1838 Re: Re: Re: Re: Re: Honda Odyssey: Lease Questions by Car_man HOST Sep 20, 2005 (2:47 am)
You're welcome dpav. If you were to lease a 2005 Honda Odyssey EX-L (non-Touring and without the entertainment or navigation systems) though Honda Finance for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should currently be .00255 and 55%, respectively.   Car_man Host Smart Shopper / Prices Paid Forums

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