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Vans & Minivans Honda Odyssey Honda Odyssey Lease Questions
1835 messages, Last post on Dec 02, 2009 at 6:34 PM
You are in the Honda Odyssey Forum. Your Host is Karens
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| My lease experience was based on spending as little physical time at the dealer possible, i.e., doing all I could by email and phone first: I picked up the Odyssey EX-L (no RER, no Nav) for 525 per month for 36 months; zero down (other than taxes, bank fee, NYS inspection fee; license and title, NYS tire waste fee). I got the fees line item broken down by email first, as well as other figures (MSRP, sale price, money factor, etc.). I did everything I could first to minimize time at dealer, including down payment and insurance by phone, but I knew I wanted an Odyssey and couldn't give a damn about the color, although they had the one I wanted. From arrival to driving off was 90 minutes, 45 of which were because they were disorganized and made mistakes on the paperwork, which I made them re-do. I would have done better not using Honda Finance b/c the money factor they offered was higher than a bank and I found a slightly cheaper price (519) elsewhere but the cheaper dealer was incompetent so I didn't bother. If I'd done the deal 3 or 4 weeks ago, it would have been substantially cheaper, folks say, but I'm happy it's over, frankly. Buying/leasing a car is the most disgusting purchase experience humans have to endure, short of a high colonic. I also tried Authority Auto's "Improve Your Deal" service, but the guy said at this moment where I was 525 was a good price, although he recommended waiting til next month for hopeful dealer cash offers. Maybe so, maybe not. Thanks for all the help on the board and from Edmunds along the way. | |
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Replying to: hondabuyer8 (Jul 22, 2009 1:10 pm)
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Replying to: mrthnman (Jul 22, 2009 1:35 pm) |
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Replying to: hondabuyer8 (Jul 22, 2009 1:10 pm) Thanks.
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Car_Man, Looking to lease 2010 EX Odyssey 36/12k so can you tell me the current residual an d MF for this model. Thanks
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Replying to: mvc1234 (Jul 30, 2009 6:40 am) |
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Replying to: hondabuyer8 (Jul 22, 2009 1:10 pm)
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Replying to: andy603 (Aug 04, 2009 11:30 am) Specifically looking at an EX-L w/ RES and NAV, 10k/yr 36mo
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We are about to have our third child and currently drive (lease) a Chrysler Pacifica. Our lease has $2100 left in payments (plus wear/tear and a turn in fee regardless of when we turn it in) The car seats do not fit in our Pacifica and we want an Odyssey, not a Town and Country. I would really like the EXL but the EX fits better with our "budget" at the moment. A few questions- Is it beneficial to lease at month end as in THIS month (we know it's already model year end- or close enough since the 2010's are out) or should we wait till Labor day weekend? Looking on the Costco site, there was a message about a possible $1250 cash to dealer deal going on till 9/8 but it didn't sound positive about those findings... anyone? Anyone know what the current lease rates are? I'm looking into our Credit Union as well, trying to do as much "homework" before getting quotes/traveling to dealerships. I did submit a query through Costco to get a quote and researched here and CR for invoice and lowest paid. What is the lowest paid price anyway (for San Diego county)? I know better than to name a price and shop monthly payments (even though we need to stay below a certain monthly payment)... I have been using a lease calculator to do all those numbers up front but don't know what to use as the money factor (was using 0.0016 MF) and the Residual Value??? Was guessing around 50%??? (based on some reading here but it wasn't a recent date) Can anyone recommend a dealership in San Diego? Can someone better explain a manufacturer holdback? Looking to put nothing down, we have the $2100 of payments from our current car to add in, 36 month lease would be ideal but could go longer, 10-12k miles/year (we drive very little) Any guidance and info would be much appreciated as I'm just learning as I go at this point  Thanks!
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Replying to: andy603 (Jul 16, 2009 10:18 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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