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2013 and earlier-Honda Odyssey Lease Questions

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  • You're welcome dasan.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I received the following quote from for a 2012 Honda Odyssey Touring Princeton Honda in NJ and would like to know if this sounds like a good deal

    Selling price including destination : $38,097.00
     
    Accessories including labor:
     
    Moonroof visor:  $183.90
    Door Edge Guards: $85.90
    Roof rails with cross bars:  $496.60
    All season floor mats: $209.30
    Honda remote start:  $666.14
     
    Total in accessories = $1641.84 - 15% off (246.27)
     
    $38,097.00 + $1,395.57 = $39,492.57 + tax, doc fee and DMV fees.

    I plan to trade in a 2007 Acura MDX (Sport / Entertainment) model. Appraised at $17000

    Breakdown from dealer:

    Retail Price $41990
    Savings $2498
    Selling Price $39492
    Options $1396
    Sub Total $40886
    Fees $197
    Sales Tax $1889
    Trade $14000
    Trade Payoff $6425
    Net Sales Price $35398

    I was told they could only apply up $14000 of the trade towards the lease (IS THIS A TRUE STATEMENT?), and I have the option to receive $3000 from them and could apply it as a down payment. I would like to know if the following options are good/correct based on the above:

    36 Mo / 15K miles no down payment $427 a month

    36 Mo / 15K miles $1000 down payment $395 a month (I would receive a check for the remaining $2000)

    36 M0 / 15K miles $2000 down $363 a month (I would receive a check for the remaining $1000)

    The quote does not have a payment if I use the entire $3000 down payment

    I've tried different lease calculators and could not get any of these monthly numbers. If anyone has some time to offer there assistance, I would greatly appreciate it.

    Thanks in advance.
  • Hi Car_man,

    May I please have the MF and Residual on the 2012 EX and 2012 EX-L?
    Based on 36mo and 15K miles/year.

    Thank you,
    Jimmy
  • Greetings,
    Ok... this is my second time leasing through Honda Finance ( Southern California) but this was my first time going by monthly payments alone and not by purchase price.

    I had a 2009 Honda Odyssey EX (32000 miles) which the end of lease was fast approaching. I was intending to do a simple buy out of the lease at $16,307 through my credit Union but I decided to visit the Honda dealership I originally leased the vehicle from to see what they can offer.

    Also there where many features that the 2012 offered over the 2009 model that swayed me as well as the fact that I would have needed to spend around $1,500 for new tires,battery and brakes for the upcoming year if I bought out the 2009 vehicle.

    Anyway I said to the salesman that I did not want to put any money down and asked what they can do to put me in a 2012 EX. They came up with $350.70/month flat with 12K miles a year and a residual at the end for $20,339. I had no trouble at the end with the finance guy trying to add any surprises so I was relieved.

    The agreed cost of the 2012 Odyssey EX was 30,275.00 and Gross capitalized Cost was $30,899.00. The 2009 Odyssey was valued at 18,000.00. So the difference was used for the deal.

    I think this was a fair deal being that I put no down on the vehicle and simply drove off with a brand new car.

    What do you guys think?
  • The money factor and residual numbers I'm using are:

    2012 Touring 36mo 12K mi Money factor of .00155 and residual of 57%
    2012 Touring Elite 36mo 12k mi money factor of .00155 and residual of 55%

    Car_man, do you think these are right?
  • Hi Carsearchnj, did you end up leasing or buying from the dealership?

    I am looking to lease but the initial quote I got for a 2012 Honda Odyssey Touring Elite for 36 mos / 15k / 0 OOP was $650.

    Your quote for the 2012 Touring for 36 mos / 15k / 0 OOP for $427 looks like a dream.

    How did you get to these numbers?
  • I did lease...36mo/15k. I also had a trade-in... We settled on $17700 for the trade. There was a payoff of $6440 on my trade. I settled with them for $325 a month and $1500 cash back to me on the 2012 Odyssey Touring, not the Elite. I also went to another local Honda dealer, but the best they would do was $399 a month, no cash back for the same Odyssey with the same options.
    Hope this helps...
  • I did lease...36mo/15k. I also had a trade-in... We settled on $17700 for the trade. There was a payoff of $6440 on my trade. I settled with them for $325 a month and $1500 cash back to me on the 2012 Odyssey Touring, not the Elite. I also went to another local Honda dealer, but the best they would do was $399 a month, no cash back for the same Odyssey with the same options.
    Hope this helps...
  • Hi carsearchnj, thanks for replying back to me.

    So without your trade in, how much would the 2012 odyssey touring be for 36 m and 15 k ?

    For the Touring Elite, I am now at $590 for 36 m, 15k, 0 OOP.

    In NJ, how much is considered a nice deal on a lease for the Touring Elite?

    Someone in Maryland quoted $510 for the Touring Elite out the door for the same condition as my $590.

    Any insights are greatly appreciated.

    Is there a way I may contact you to get salesperson name? Thanks again.
  • The best quote I've gotten is on a Touring not Touring Elite. It was 36mo/12K miles 1500 down + first month = $2,000 total at lease signing then 35 payments of $500 which includes NY tax of 8.875%. Is that good?
  • I am interested in leasing a EX-L. Would it be smarter for me to try to get a end of the year deal on a 2011 lease or should I just go for the 2012?

    Would I get a worse deal on the 2011 depreciation wise because it is already a year old?

    Any help is greatly appreciated...

    Thanks....
  • Hi,

    Just to compare, after back and forth haggling, I was given $590 for 2012 Touring Elite, 36 m, 12 k, 0 OOP in NJ but not signing yet.

    So $1,500 dwn and $500/m for the Touring doesnt sound bad.

    Someone from NC got the Elite for $510/m and that is excellent but given the MF, RV, etc, $510 is hard to reach.

    I would like to know who else got a similar great lease deal in either NY or NJ.
  • Before I mentioned my trade I negotiated
    $38,097.00 (Touring) +
    $1,395.57 (for the options)
    = $39,492.57 + tax, doc fee and DMV fees.

    moonroof visor
    door edge guards
    roof rails
    crossbars
    all season floor mats
    remote start

    I feel I got a "good deal" only because the other dealer could not even match the quote. The other deal was $399 a month and this dealer was $325 a month. But this was mainly because of the amount I was offered for my trade. It was a $3200 difference.
  • blertblert Posts: 1
    which dealership is this? I'm in North NJ. maybe you can give me a referral.
  • Hi Jimmy. Honda Finance's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey EX with 15,000 miles per year are .00138 and 60%, respectively for consumers who qualify for its "Super Preferred" credit tier.

    The numbers for an otherwise identical lease of an EX-L are .00138 and 57%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi matchbox1. For January, the numbers are:

    2012 Touring 36mo 12K mi Money factor of .00138 and 56%
    2012 Touring Elite 36mo 12k mi money factor of .00138 and 56%

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car Man,

    Could you please tell me the rates for an EX-L with 12,000 miles per year? Thank you!
  • I sure can ejoyce423. Honda Finance's January buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey EX-L with 12,000 miles per year are .00138 and 59%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I was wondering if we could get Feb lease numbers. I do see the lease specials on honda's website for odyssey. I was also wondering if someone could help me apply the LX lease special to EXL to come up with equivalent lease numbers?

    Deal # 1:
    LX is @ 350 per month for 35 months with 0 down and one free payment.

    Deal # 2:
    LX is at $299 per month for 36 months with $2k down.

    If I punch in the numbers into lease calculators, i get an interest rate lower than 3.312% (0.00138 * 2400) but perhaps I am not doing this math right.

    Thanks!
  • Hello!

    I see some people posting about their lease details but not the details I am looking for

    I want to know the Money Factor as well as the Residual on a 2012 Odyssey EX-L with RES can I get details for

    1. 36mo & 12k/yr
    2. 36mo & 15k/yr
    3. 39mo & 12k/yr (if possible)
    4. 39mo & 15k/yr (if possible)

    Greatly appreciate it! is there anywhere online where this information is readily available? Thanks again!

    if anyone has leased one, would you be kind enough to post up your figures? (down/price per month/ due at signing etc)
This discussion has been closed.