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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1840 messages, Last post on Dec 09, 2009 at 3:36 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: berkut027 (Jan 02, 2008 11:44 am) 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.
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Replying to: berkut027 (Jan 04, 2008 8:16 am)
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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.
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Replying to: rtadams (Jan 06, 2008 4:18 pm)
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Replying to: rtadams (Jan 07, 2008 11:12 am)
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Replying to: jrmclt (Jan 07, 2008 12:38 pm)
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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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Replying to: rtadams (Jan 07, 2008 1:29 pm) Residual Value % = 58.00% Residual Value = $18,681.80 Net Cap Cost = $27,373.00 Deprication = $8,691.20 Monthly Depriciation = $241.42 Money Factor = 0.11% Money Factor Payment = $52.04 Pretax Lease Payment = $293.46 Tax Rate = 3.00% Total Lease Payment = $302.27 I used a OTD price of $29,873 (which is your $28K number with things like acquisition fee added in, tag and doc fee). I also used 3% tax rate, not sure what yours is. |
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Hello everyone… I’m looking forward to lease a 2008 EX-L with RES. Can anyone help me (yes Car man, you may be the one!!!) to calculate how much more will be my monthly payment if I include the NAV? Let’s assume I paid invoice and my total out of pocket at sign is $2.000 for a 36 month 12K miles in Florida (6% tax) Thanks a lot for this invaluable information and help!!! |
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