- #881 of 1838
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Re: Current Residuals [stikman163]
by ballhogg
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Dec 24, 2007 (7:53 pm)
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Replying to: stikman163 (Dec 19, 2007 6:19 pm)
Why would you want to lease an '07? I would suspect that the residual values for the 07s wouldn't be very good. I would say go with an 08.
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- #882 of 1838
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Re: Best lease price available on long island, NY [fenicep3]
by ballhogg
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Dec 24, 2007 (8:05 pm)
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Replying to: fenicep3 (Dec 23, 2007 2:18 am)
No idea if it's good since I don't know what the current money factor and residuals are. I saw on an earlier post that it's currently .00228, can anyone confirm (carman)? Which dealer have you been using?
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- #883 of 1838
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Re: Best lease price available on long island, NY [ballhogg]
by fenicep3
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Dec 24, 2007 (9:45 pm)
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Replying to: ballhogg (Dec 24, 2007 8:05 pm)
I do not know....I also thought it was .00228....But it seems that all of the dealers on long island (new york) are in the same ballpark (625-645 a month, with out of pocket 1st month +dmv) for that touring with those features. I am going to call a few dealers upstate new york to check their prices.
Thank you for your response...If anyone else can help I would appreciate it...
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- #884 of 1838
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Re: Best lease price available on long island, NY [fenicep3]
by ballhogg
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Dec 25, 2007 (1:24 pm)
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Replying to: fenicep3 (Dec 24, 2007 9:45 pm)
We need the residual values, it would be extremely helpful. Carman, please help!!
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- #885 of 1838
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Re: Best lease price available on long island, NY [ballhogg]
by fenicep3
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Dec 26, 2007 (9:30 am)
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Replying to: ballhogg (Dec 25, 2007 1:24 pm)
Carman, someone, help.... 
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- #886 of 1838
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Re: Best lease price available on long island, NY [ballhogg]
by berkut027
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Dec 29, 2007 (7:22 pm)
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Replying to: ballhogg (Dec 25, 2007 1:24 pm)
It would be very valuable to know residuals. 1 dealer (Seattle area) quoted me .00228 MF and 55% residual on a 3-year/12,000-mile lease for a 2008 Touring w/o PAX. The 55% residual seems low--I was expecting something like 60%.
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- #887 of 1838
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Decision
by viz
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Dec 30, 2007 (8:37 am)
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I need help in deciding :
- I am getting Ody EX 08 for 399(tax incl) for 36m/15k miles/ zero down (no even 1st month payment)...Is it good?
I am debating whether I should spend that kind of money or go for TC /Dodge caravan 08 models for a 27 month lease. What is the competitive rate for leasing those minivans?
I have not driven them but their reliability seems to be an issue; we drive 70 miles a day and we live in NE ohio where winters are sometimes little bit harsh. We dont have much leeway at work and hence reliability and maint...
Thanks!
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- #888 of 1838
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Re: Decision [viz]
by ballhogg
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Dec 31, 2007 (10:27 am)
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Replying to: viz (Dec 30, 2007 8:37 am)
On the financials on your deal, please post your cap cost, RV, OOP, and MF. Without those I can't tell if it's good or not. The one concern I have is doing a 15K/year lease on the Ody - you're going over the warranty limit so you might want to spring for an extended warranty just in case.
Ody vs. T&C - no comparison. T&C might be cheaper but you will spend more on maintenannce and gas, and more time at the service dept. You can't get more reliable than a Honda.
70 miles/day for work would translate roughly to 17K per year and 51K after 3 years. You may want to buy one instead.
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- #889 of 1838
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Re: Current Residuals [stikman163]
by Car_man HOST
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Jan 02, 2008 (3:19 am)
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Replying to: stikman163 (Dec 19, 2007 6:19 pm)
Hi stikman163. Honda is no longer providing lease support on the 2007 Odyssey. You can still lease a leftover model through Honda Finance if you want, but you will have to use its standard lease program. Through January 2nd, Honda Finance's buy rate lease money factor and residual value for a 36 month lease of a base 2007 Honda Odyssey EX with 15,000 miles per year are .00260 and 52%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The money factor for an otherwise identical lease of an '07 Odyssey EX-L without navigation or RES would be the same, but the residual value would be 51%. When negotiating your lease on this van, make sure to take advantage of the $2,500 dealer cash that Honda is currently providing on it. This cash will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #890 of 1838
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Re: Best lease price available on long island, NY [fenicep3]
by Car_man HOST
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Jan 02, 2008 (3:27 am)
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Replying to: fenicep3 (Dec 26, 2007 9:30 am)
I'd be happy to help you out, fenicep3. Through January 2nd, Honda Finance's special buy rate lease money factor for 36 month leases of any 2008 Odyssey is .00228 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The Odyssey's residual values vary by trim level, term, and mileage allowance. For example, Honda Finance's current 36 month, 15,000 mile per year residual value for the '08 Odyssey EX and LX is 58%. The resid for an otherwise identical lease of an '08 Odyssey EX-L is 57%. It drops to 55% for the EX-L Touring. If you were to lease with only 12,000 miles per year, this van's residual values would be 2% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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