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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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adjusted cap cost 30,118 Residual Value 19,050 money factor .00113 36 months 12,000 miles a year monthly payment $363 due at signing tax, title and first month $1600 Gap insurance included I got this deal at Atlantic Honda in Long Island NY Really good experience and friendly staff - no used car dealer tactics (unlike paragon honda in NYC) |
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I have received various quotes for EX-L Nav, DVD and backup sensor. Price is based on 33,800. Interest used is 3.11% One offer is 442.83 36 mos/15k per year just inception fees down of $1197 $20044 buy out Another is for 479 with buyout of 19k. A third is for 430. Trying to ensure lowest price - we will not be buying the car. Any considerations we should be aware of and tips on bringing the price down? Also assuming we see a rate cut of .5 points, is there any sens in waiting a few weeks for a better offer? We are also a member of Costco - not sure if they can facilitate a better rate. Any experience with this?
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Replying to: hondanewbie1 (Jan 19, 2008 11:50 am) 36 months  15000 miles/year for $451.26 with$1648.26 due at signing. Residual is $19461.60 The Odyssey incls. DVD, Navigation and Back up sensors. I am trying to understand if the above is a good offer as I got another quote for 442 with inception fees of 1197 and buyout of 20k. Not a large difference, except for the higher inception fees and the provider of the first offer said that they couldn't understand how a dealer could offer the lease for 442 and that they must not be using Honda finance, Any insight is appreciated as making a decision in the next couple of days. Thanks. |
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Replying to: berkut027 (Jan 02, 2008 11:44 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: ballhogg (Jan 04, 2008 9:31 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jan 21, 2008 3:40 am) I'm sure you're right re: the accuracy of Yukon vs. Odyssey residual values. No way the Yukon is going to hold 61% of its value after 36 months. But that's one of the benefits of leasing--if the OEM gets it wrong on the high side (as GMC has), the lessee benefits from lower lease payments and can just walk away at lease end (or negotiate the buyout price down if you really want to keep the car). It shifts the depreciation risk to the OEM and is one of the reasons I've starting leasing cars after many years of buying. -- Berkut |
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Replying to: rtadams (Jan 06, 2008 4:18 pm) Using this lease program, an MSRP of $32,210, and a capitalized cost of $28,810 I estimate that this van's zero down, pre-tax monthly payment should be around $344. I wouldn't put that $2,500 down if I was leasing this vehicle, but if that's what your wife wants to do you might have to just go with it  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: colo232 (Jan 08, 2008 7:54 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: gperr (Jan 13, 2008 2:10 pm) Honda is providing a $1,000 dealer cash incentive on the 2008 Odyssey right now, but this incentive is not compatible with the above special lease program. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: 1104 (Jan 15, 2008 8:25 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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