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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

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


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#863 of 1835
Re: Odyssey Ex-L 2007 lease payment [dkot] by rchelasani
Nov 26, 2007 (5:43 pm)
Reply

Replying to: dkot (Nov 26, 2007 2:13 pm)

Thank you for the reply. What is $172 oop. You said your monthy payment is 456 and i believe this is your lease payment per month.
#864 of 1835
Re: Odyssey Ex-L 2007 lease payment [rchelasani] by dkot
Nov 29, 2007 (10:25 am)
Reply

Replying to: rchelasani (Nov 26, 2007 5:43 pm)

oop is total out of pocket when I signed and left the dealership. 456 was monthly lease payment including tax and $5 a month b/c I bought tire protection.
#865 of 1835
today, Dec, or Jan ? by esteeze
Nov 30, 2007 (9:18 am)
Reply
What are the pros / cons to consider when looking at entering into a lease for an Odyssey EX today vs. December vs. January ?
 
How about for an 07 vs. an 08 model year ?
 
I know that residuals drive the lease payments to a large degree. Are they likely to decrease from month to month? Is there an advantage to leasing today vs later in December ?
 
I have a lease ending at the end of January on an 04 EX, and I'm just trying to determine if it makes sense to close a new lease now vs. later.
 
Thanks in advance for any insight anyone may have.
#866 of 1835
Re: today, Dec, or Jan ? [esteeze] by m6hatch
Dec 01, 2007 (11:58 am)
Reply

Replying to: esteeze (Nov 30, 2007 9:18 am)

We are in a similar situation. I think Honda has not yet introduced any aggressive lease offers on the 2008 models because lingering 07 inventory. The 07 model is too old for a lease, so it's a catch 22 until all the 2007 vans are sold and Honda starts pushing the 08s more. I'm taking a gamble and wait until at least the end of December. I finally decided to lease because I don't believe that I would save any money by buying this van in the long run.
#867 of 1835
08 od by rykar
Dec 02, 2007 (2:43 pm)
Reply
In NJ, how does an exl with RES 900 down and 485 a month sound or 1627 down and 365 a month. includes taxes etc. 36 mon and 12000 miles. Would i get a better deal closer to xmas or even after??
#868 of 1835
2007 EX-L w/ RES lease terms by lonestar98
Dec 03, 2007 (1:59 pm)
Reply
2007 EX-L w/ RES
 
selling price $27341
 
$804.00 drive off, no security deposit.
51% residual value
.002800 (to waive security dep)
36 months
 
12k per year -
 
$265.63 inc 8.25% tax
 
how does that sound?
#869 of 1835
Re: 2007 EX-L w/ RES lease terms [lonestar98] by esteeze
Dec 03, 2007 (2:19 pm)
Reply

Replying to: lonestar98 (Dec 03, 2007 1:59 pm)

Pretty low monthly payment, given the numbers involved.
 
I'm guessing that you had a trade-in which reduced your capitalized cost, and resulting monthly payment.
#870 of 1835
Re: 2007 EX-L w/ RES lease terms [esteeze] by lonestar98
Dec 03, 2007 (3:25 pm)
Reply

Replying to: esteeze (Dec 03, 2007 2:19 pm)

yeah, my numbers are crossed up. looking at it now, it seems like i should have caught it sooner. that's what happens when i do things over the phone.
 
thank you for catching that.
 
let's go through those numbers again
 
2007 EX-L w/ RES
 
selling price $27341
  
$804.00 drive off, no security deposit.
51% residual value
.002800 (to waive security dep)
36 months
  
12k per year -
  
$465.63 inc 8.25% tax
 
Here are the numbers for a 2008
 
2008 EX-L w/ RES
 
selling price $31552
  
$860.00 drive off, no security deposit.
57% residual value
unsure on the money factor
36 months
  
12k per year -
  
$495.00 inc 8.25% tax
#871 of 1835
Re: 2007 EX-L w/ RES lease terms [lonestar98] by rykar
Dec 03, 2007 (4:51 pm)
Reply

Replying to: lonestar98 (Dec 03, 2007 3:25 pm)

I am in NJ and I am getting 900 down total and 495 month for exl res? Where are you?
Do you think it could get better closer to xmas?
#872 of 1835
Re: 2007 EX-L w/ RES lease terms [rykar] by lonestar98
Dec 03, 2007 (5:14 pm)
Reply

Replying to: rykar (Dec 03, 2007 4:51 pm)

i am out here in california, near san francisco.
 
as for getting better deals later on, i don't know. for now i'm going to hold on making a move as the deals don't seem to be that great.

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