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Prices Paid: Buying & Leasing Experiences 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
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Replying to: treebeard1 (Jan 26, 2008 6:14 pm) |
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Replying to: cookierex (Jan 29, 2008 7:55 pm) |
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Replying to: treebeard1 (Jan 26, 2008 6:14 pm) |
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Replying to: betsykof (Jan 29, 2008 1:13 pm) Just sell the '06 to the highest bidder. Most "book" numbers for this model are high by alot (the price we pay for heavy discounts on new ones). It's tough to sell a late model car privately so price it aggressively. If there's a Carmax near you, get a number from them too. The other thing you could do is take that down payment money and de-PAX your '06 via buying new wheels and conventional tires.
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Replying to: Car_man (Jan 22, 2008 3:20 am) I noticed your post above quoting 2008 Honda Odyssey EX-L with the entertainment system but NO navigation that has an MSRP of $34,445 and a selling price of $31,247 (invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $381 My local dealers are quoting me $398/mo before tax on the same model. The are using the same selling price but they say w/ the $595 acq fee, there is no way to get to $381 w/ zero down. Any thoughts? |
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Replying to: lonestar98 (Feb 01, 2008 6:51 pm) I think your problem is that they are using the invoice price. Somewhere in these lease discussion pages is the formula the dealers use to calculate the monthly payment, and I found it very useful to me in my negotiations. If I plug your invoice price into the formula, the payment comes out to be $398 (assuming a money factor of .001130). However, the dealers can go below the invoice price. For the $381, our dealer used a price of $30,700. Another dealer was even a little lower, using a price of $30,500. The formula helps you make sure they aren't adding any other fees or using too high of a cost or money factor. In your case, however, it seems like you just need to negotiate the price down. Dealers are advertising sales prices of $29,770 in our area, so they can definitely go lower than invoice. Hope that helps! |
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Replying to: wyominggirl (Feb 01, 2008 9:59 pm) i will look for the calculator you mentioned as it seems it would be useful. enjoy your new van!
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Replying to: lonestar98 (Feb 03, 2008 1:58 pm) Your drive off cost does sound a little high. Our fees were $168 plus first month payment. I found the number of the formula posting for the lease formula. It is a reply to colo232(posted Jan. 11, 2008) under the Honda Odyssey Lease section. I think it is posting #906. Good luck. We just picked up our van yesterday in Ocean Mist, and we love it!
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Replying to: wyominggirl (Feb 03, 2008 6:44 pm) first mo pymnt = 380 +tx = 412 registration = 268 doc fee = 55 tire fee 8.75 that comes to $743.75. I don't know what the other $16 are going...Not really a big deal for me. The thing I am trying to decide is if I should act now or wait just a bit. I extended my Odyssey lease a couple of years ago, so I'm on a month to month at this point. I've only got a couple of months left now and I don't want to wait to the last second. However, I've seen no signs that the automotive biz is picking up, so perhaps these deals or better will be showing up? I see that Odyssey sales were down 21.7% when comparing January 08 to January 07. It would seem to me that Honda needs to either keep up the lease promotions or perhaps improve them. Since I'm a current lease holder, I thought maybe Honda would throw a bone my way, like waiving the acq. fee or something? I wonder, has anyone received special offers from Honda finance? Decisions, decisions. |
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Replying to: cccompson (Feb 01, 2008 2:23 pm) |
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