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Honda Odyssey Lease Questions

1839 messages,  Last post on Dec 08, 2009 at 6:44 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#51 of 1839
Re: Odyssey EX-L w/RES [sesarj] by Car_man HOST
Nov 08, 2005 (3:42 am)
Reply

Replying to: sesarj (Nov 02, 2005 12:46 pm)

You're very welcome, sesarj. Let me know if you have any other questions.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#52 of 1839
Re: Hello - Could I get some advise on a LX ? Thanks [disneygirl] by Car_man HOST
Nov 08, 2005 (3:46 am)
Reply

Replying to: disneygirl (Nov 04, 2005 5:36 am)

Hi disneygirl. The lease money factor that you were quoted to lease this van is right in line with Honda Finance's current lease program for it. This is a good sign because it means that the dealer that you are working with is being straightforward with you on that aspect of your deal.
 
You never mentioned the selling price or MSRP of the van that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this van's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you are getting on this Odyssey if you let me know what these numbers are.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#53 of 1839
Re: Hello - I am looking to lease an '06 touring with NAV. [queensody] by Car_man HOST
Nov 08, 2005 (3:49 am)
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Replying to: queensody (Nov 05, 2005 7:02 pm)

Hi queensody. In order to figure out what your lease payment should be like on this van, you need to know its full MSRP (with the destination charge added in) and its approximate selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You should be able to get a good idea of what sort of price you will have to pay for this Odyssey by visiting the following very active discussion: "Honda Odyssey: Prices Paid & Buying Experience". Once you have an idea of what sort of price you will have to pay, let me know and I can estimate what your van's lease payment will be like for you using Honda's actual lease program.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#54 of 1839
Re: New Money factor on 11/2? [sesarj] by Car_man HOST
Nov 08, 2005 (3:51 am)
Reply

Replying to: sesarj (Nov 05, 2005 8:41 pm)

Unfortunately, sesarj, what your dealer told you is absolutely correct. Honda Finance raised its standard lease money factors on November 2nd. Its new standard factors are in line with the ones that you were quoted.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#55 of 1839
Re: New Money factor on 11/2? [Car_man] by sesarj
Nov 08, 2005 (10:48 am)
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Replying to: Car_man (Nov 08, 2005 3:51 am)

At least he's giving me the correct number. Thanks for the help. As soon as they can locate the car we have a deal at $100 over invoice. EX-L w/DVD 29746.
#56 of 1839
Re: Hello - I am looking to lease an '06 touring with NAV. [Car_man] by queensody
Nov 08, 2005 (8:40 pm)
Reply

Replying to: Car_man (Nov 08, 2005 3:49 am)

Thank you for the advice Car_man.
The MSRP with dest is about 39,250.
Can you provide 2 estimates. 1 at MSRP + Dest and 1 at 38k.
 
Thanks again.
#57 of 1839
2006 OdysseyTouring nav & DVD in NJ by andrewlondon
Nov 14, 2005 (7:17 pm)
Reply
I was quoted sale price of 35700 with a 562 lease for 36 months 12,000 miles with 1500 down. What do you think?
 
What do people think about aftermarket Nav and/or DVD?
 
Keep up the great work.
#58 of 1839
Re: Odyssey EX-L w/ DVD pricing [sesarj] by parasut
Nov 16, 2005 (2:38 pm)
Reply

Replying to: sesarj (Oct 12, 2005 10:16 am)

I am looking for the same car in LA. Have you found a good deal?
#59 of 1839
Re: 2006 Honda Odyssey EX-L w/ DVD [Car_man] by parasut
Nov 16, 2005 (3:58 pm)
Reply

Replying to: Car_man (Oct 31, 2005 9:52 am)

Hello Car man. I am looking for a Honda Odysser EX-L w/DVD
with a capitalized cost of $30,450 through Honda finance for 36 months 12,000 miles. This will be my 3rd Odyssey and I have excellent credit history. Thank you very much for your help
#60 of 1839
Honda EXL w/ RES - am i missing anything?? by gmarga56
Nov 22, 2005 (6:01 pm)
Reply
Finding a wealth of information on these boards - Thanks all.
  
After reading the posts I decided to email a dozen dealers in my area looking for an 06' EXL w/ RES. Two actually replied next day (Sunday, so I guess understandable; we'll see tomorrow) one with a price at 35k then dropped to 33k so I simply told her both her prices are over MSRP, call me when youre serious, etc. The next dealer called and after explaining I didnt want to play around, ready to do the deal like now... came back with her "negotiable price" or as she said "the price you can walk in the door with" at $29696 without any haggling. I was pleasantly surprised (although didnt show it) and told her that maybe we could work something out. I also told her i didnt want any bait and switch games etc. after we spoke about possibly furthering the deal. Now I have a few questions/concerns...
1. Is that price right out of the box a bit low? According to edmunds invoice is only $550 less than that price. And she implied there was maybe a bit of room in that being that she cant haggle over the phone..
2. If this price is true, When I show up - is there anything I should watch out for so i dont get had? I dont want this to be "lets get the sucker in and then take him for a ride"...
3. Now I was able to calculate a price (and please correct me if I am wrong) for a 36 mo lease - MSRP 32395, Cap cost 29696, 62% residual, a .00275 money factor, and 8.5% sales tax in NY for $438.20, nothing down, taxes in, etc. Am I way off base? Dealer says dest. is included and this is the "negotiable price" just plus tax and tags. She said the "negotiable price" twice. Is this a red flag?
  
Please let me know if I am missing anything in the picture, any red flags, and what would be the best steps to take next. Much thanks in advance for responses!!

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