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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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#890 of 1835
Re: Best lease price available on long island, NY [fenicep3] by Car_man HOST
Jan 02, 2008 (3:27 am)
Reply

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
#891 of 1835
Re: Best lease price available on long island, NY [berkut027] by Car_man HOST
Jan 02, 2008 (3:32 am)
Reply

Replying to: berkut027 (Dec 29, 2007 7:22 pm)

Hi berkut027. Please see my previous post for the information that you're looking for. Let me know if you have any other questions and good luck on your quest for a new Odyssey.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#892 of 1835
Re: Best lease price available on long island, NY [Car_man] by berkut027
Jan 02, 2008 (11:44 am)
Reply

Replying to: Car_man (Jan 02, 2008 3:32 am)

Thanks Car_man. I'm looking at a 2008 Touring without PAX. 36-month, 12,000-mile lease. Is the residual 55% or 57%?
 
My opinion: These residuals strike me as being low, especially compared to the 61% residual I got about 15 months ago on a new GMC Yukon XL Denali. Surely the Odyssey is going to have comparably better resale value than the Yukon. Clearly, GMC was giving a lot of lease support on the Yukon, but I'd still expect the Odyssey residual to be more attractive.
 
Appreciate your help. -- Berkut
#893 of 1835
Re: Best lease price available on long island, NY [berkut027] by berkut027
Jan 04, 2008 (8:16 am)
Reply

Replying to: berkut027 (Jan 02, 2008 11:44 am)

Looking at the "2008 Odyssey Featured Special Lease" on www.honda.com, if my calculations are correct (backing into the MF from the MSRP, cap cost, residual value and monthly payment quoted), the MF is back down to about .00121 (equivalent to 2.9% APR), as it was back in October. That's on an LX and it looks like the residual is 59%. Still curious about the residual on a 2008 Touring at 12,000-miles/36 months.
 
A post on another Ody forum is suggesting a $1000 factory-to-dealer rebate is now in effect in California, down from $2500, but the poster mentioned that a dealer quoted him $1000 under invoice on a 2008 Touring without PAX, which is about $1000 under the best deals reported from the past few days, which were generally right around invoice. Something doesn't add up there. There was some question about whether the old $2500 incentive applied to the 2008s (it certainly did on the 2007s). So perhaps the post is incorrect about the previous $2500 incentive applying to 2008s?
 
Anyway, good to see that the lower money factors are back. Any clarity on the latest lease offers, factory-to-dealer incentives, and how this compares to what was available prior to yesterday would be appreciated. I'm still shopping for a 2008 Touring without PAX--am finding it hard to find the Mocha Metallic color that my wife favors. We're in Seattle.
#894 of 1835
Re: Best lease price available on long island, NY [berkut027] by ballhogg
Jan 04, 2008 (9:31 am)
Reply

Replying to: berkut027 (Jan 04, 2008 8:16 am)

I too am looking for an 08 Touring w/o PAX (I'm in NYC), could someone please post the current MF/RV for a 36/15K lease. Thanks!
#895 of 1835
2008 Odyssey EX-L by rtadams
Jan 06, 2008 (4:18 pm)
Reply
Hey Carman,
  My wife is interested in the 08 Odyssey EX-L. We went to a dealership this weekend and the money factor given to me was .00113 and the residual is around 57% for a 3 yr/12k lease. Can you confirm these numbers? If so, could you tell me if my calculations below are correct?
 
MSRP: $32,210
Sales price: $28,810 (including Destination charges)
Down payment $2,500 (not my idea but my wife wants certain payments)
Payments: $329.07 month
Residual: $18,359
 
The dealership I visited gave me higher numbers than posted. However, I was able to find a better selling pricing at another dealership near by. Just need to confirm my numbers.
 
Thanks a lot for your help.
#896 of 1835
Re: 2008 Odyssey EX-L [rtadams] by rtadams
Jan 07, 2008 (11:12 am)
Reply

Replying to: rtadams (Jan 06, 2008 4:18 pm)

Anyone?
#897 of 1835
Re: 2008 Odyssey EX-L [rtadams] by jrmclt
Jan 07, 2008 (12:38 pm)
Reply

Replying to: rtadams (Jan 07, 2008 11:12 am)

Seems off to me. But let me ask this question, what is your Net Cap Cost? Is it the 28K minus the 2500 or is that already taking that into consideration?
#898 of 1835
Re: 2008 Odyssey EX-L [jrmclt] by rtadams
Jan 07, 2008 (1:29 pm)
Reply

Replying to: jrmclt (Jan 07, 2008 12:38 pm)

Sales price of 28,810 minus $2,500 down payment.
#899 of 1835
2008 Odyssey EX Lease by nick_metro
Jan 07, 2008 (1:37 pm)
Reply
Would love some opinions on the following - thanks in advance!
 
08 Odyssey EX Cloth
MSRP: 29,595
Cap Cost: 26,965
Cap Cost Reduction: 0
Residual: 17,757 (60%)
MF: .00228
36 Months/ 12k
Payments: 387.13 (tax included)
 
Registration, Doc Fee, Acquisition Fee total $1050.

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