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Prices Paid: Buying & Leasing Experiences Honda Odyssey Lease Questions
1838 messages, Last post on Dec 08, 2009 at 3:51 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: klong1 (Jan 11, 2008 7:26 pm) They don't show a special for the EX, so I don't know if the rates are the same or not. In the past, they have been - but that is no guarantee. If this is the correct rate, then it is a pretty good one (2.71% effective). The only other variable is the price. You show your cap cost with everything rolled in, what are you paying for the van including destination and any dealer fees? $26,864 is invoice and that would be a nice number to pay, if you can. Less is super, more not so good. Dennis
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Replying to: dwynne (Jan 11, 2008 8:08 pm) That is what I am trying to understand. He gave me a leasing cost of 27,187 which included 1st pymt,doc fee, and lic fee. He told me the sale price on the van was $26,000 plus the fees gave us the $27,187. We also opted for the Tint and splash option (We live in Arizona and you have to have dark tinted windows to survive). I had quotes from at least 6 different dealers and they all came in about $20-60 more per month.........Just trying to figure out if I should go with it. Thanks for responding.
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i am looking to lease a ex-l odyssey with RES 2008 with 36month/15k a year. crown honda in redding ca 777 down 451 a month. san leandro honda in bay area was 449 a month....now i am embarrased. i didnt ask how much san leandro wanted down(in my mind when i was talking to the salesman i assumed it was the same) and it is too late right now. but for you californians is 777 down and 451 a month competitive for an ex-l, color of my choice, with RES? thanks..i could go into the price and money factor but for a lease it is basically how much are you putting down and what is the monthly payment in terms of comparison of offers, no? thanks in advance
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Replying to: klong1 (Jan 11, 2008 8:44 pm) Dennis |
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Replying to: drpepper1 (Jan 11, 2008 9:09 pm)
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Replying to: jumpmastermsc (Jan 11, 2008 9:44 pm) yeah..i dont need it this month per say as my lease on 2005 toyota sienna still has a little time and i was curious if next month would have more support but i walked into the dealership just to "do some research" and the ball got rolling..so if i get a good price this month i dont mind jumping on it since i am sure i can use the miles eventually. well it seems this is the best that is happening right now...keep us posted on what your northern cali deal looks like. thanks
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Replying to: drpepper1 (Jan 11, 2008 10:21 pm) |
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Hi All - Wanted to get your input. I probably don't have all the info...so feel free to ask for more. I am buying through the COSTCO Auto Buying Program. Paying $500 over invoice. I am turning in an '04 Odyssey with approx. 8,000 over in mileage for a bill of about $1200. Therefore, I am paying $1700 over invoice. I am putting $1500 down (from a reimbursement from the extended warranty through Honda that I didn't use). My taxes are being rolled into my payments (and in NY, taxes are 8.5% - or close to that). Therefore, payment + taxes + mileage overage...payment is $450. What are your thoughts? My initial thoughts are that it is a fair price.
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Replying to: lizgjuly16 (Jan 12, 2008 1:52 pm) You should specify on your new lease that you want 15k miles per year unless your driving habits have changed. That will drop the residual by 1 or 2% but you get 45k rather than 36k for the 3 years. If you go over, they charge $0.20 per mile (since your MSRP is over $30k) so the extra 9k miles would cost you $1,800 should you turn in your new van with 45k on it. In contrast, the drop in residual might be $688.90 (2%). By dropping the residual and getting lower miles, you would have to pay interest and tax on the extra $689, but no way is that going to be more than the $1,800 bill you would run up if you run the miles over on the 36k lease. You payments will be more, but you won't have as much to worry about and will not have to roll in you over miles penalty into the next lease (again). Dennis |
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Car_man, can you please post the residual and MF for the 36 months/12k miles for '08 EX-L with RES & NAV and also Touring w/o PAX. Any cash back/incentives??? thank gregg
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