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2013 and earlier-Honda Odyssey Lease Questions

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Comments

  • Car Man,

    Could you please tell me the rates for a Touring for 36 months - 12k / 15k miles? Thanks!
  • Hi jonathannyc. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey EX-L with RES and 15,000 miles per year are .00138 and 56%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    Honda's special lease program is only available for up to 36-months, so its 39-month month factor jumps to .00185. The 39-month, 15k residual for this vehicle is 54%.

    The residual values for a lease of this truck with only 12,000 miles per year would be 2% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi egoody88. Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey Touring with 15,000 miles per year are .00138 and 54%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

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

    Does anyone know if the lease numbers change if leasing a leftover 2011 model?

    One of our local dealers has a couple left that we might be interested in. Based on our research on edmunds, truecar, etc. we're pretty sure we can get a good deal on the car. However, I'm wondering if the savings get negated if the money factor and residual value are less attractive.
  • Hello Carman!

    missed February's rates, can you reply with March numbers?

    Residual/money factor for march on a EX-L with RES

    - 12k, 3 yr
    -15k, 3 yr

    thanks car man!
  • symm2112symm2112 Posts: 1
    Hi all. About to trade up from my 2001 expedition and about to get into an Odyssey EX or EXL. I've been quoted a few things and want your opinions.

    2012 EX L
    Opt 1: 60 mo/15k miles 31,900 cap cost
    3500 down, 424 mo based on 6k residual

    Opt 2: 60 mo/15k miles 34500 cap cost
    2650 down (ttl and 1st month) 399 mo 14k residual.
    Money factor of .00139

    I have good credit over 750 but trying to keep initial cost and monthly payments low for now. I kept my expedition for almost 12 years and 190k miles so I know how to treat cars.

    My plan was to lease this with intention of buying it out at end.

    Are figures normal and does anyone have any suggestion on my plans or negotiations? I would buy but don't want to lock myself into $600 month payments.

    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, egoody88. I don't believe that Honda is providing lease support on 2011 models any longer. As a result, if you really want to lease you will probably be better off going with a 2012 model.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure jonathannyc. Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey EX-L with RES and 15,000 miles per year are .00115 and 54%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.

    The residual value for a lease with only 12,000 miles per year is 2% higher.

    Honda is now providing $500 dealer cash and waiving the first payment on leases of this van.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • coupedncalcoupedncal Posts: 252
    Hi Car-man,

    Could you provide lease numbers for EX-L as well? And the number you provided above for EXL-RES seem lower than the lease special numbers that Honda has advertised. Currently, the lease special for both LX and EX are at 60% residual. I am looking for an EX-L and wondering how to get the 60% residual extended to EX-L as well. We just need 12k numbers as we will likely buy out the car at the end of the lease.
  • coupedncalcoupedncal Posts: 252
    Could someone help me get lease rates on an EX-L based on lease special numbers available for LX and EX please? Unless my math is way off, the lease special that honda is publishing still puts the price of the car only about $800 to $1000 less than MSRP and thousands above the invoice. If this is true, what is the best way to negotiate a lease rate on an EX-L?

    LX is $299 for 36 months plus tax with 1999 down. MSRP=29035. Residual=17421
    EX is 309 for 36 months plus tax with 2399 down. MSRP=32285. Residual=19731
  • gene00gene00 Posts: 113
    edited March 2012
    I went to the auto.bizcalcs lease calculator and reversed engineered the selling price until the payments came out correctly. The deal for the EX works out to a selling price of $30,316 which is $1,969 under msrp and is $989 over invoice.

    It goes like this, please check my numbers: $32,285 msrp, $31,316 sales price, $2,399 paid by you at signing, $595 acq fee added in to the total = net cap cost of $28,512, 36 months, 12k miles, mf = .00115, residual (60%) = $19,371 = lease payment of $308.99 not including tax. Where does your math differ from mine? This is my best estimate, I'm not positive it's correct.

    To extrapolate a $989 over invoice selling price for a lease on an EX-L, the numbers are $35,685 msrp, $33,388 sales price, $2,399 paid by you, $595 acq fee added, net cap cost $31,584, 36 months, mf = .00115, 12k miles, residual (57%) $20,340 = payment of $372.03 not including tax
  • mrbcarmrbcar Posts: 6
    Hello Car Man.

    Can you please provide Residual Value and Money Factor for March 2012 on a 2012 Honda Odyssey Touring 36 month lease with 12,000 miles per year?

    Also, any dealer incentives currently offered on this model?

    Thanks.
  • coupedncalcoupedncal Posts: 252
    Could someone please provide me EX-L with Navi lease numbers for March?

    thanks!
  • coupedncalcoupedncal Posts: 252
    Ended up leasing an EX-L from Oakland Honda in the bay area. Had a very pleasant buying experience through their internet dept.

    MSRP: $35685 including destination
    Selling Price: $31500 inclusive of destination
    MF: 0.00115
    Residual 57%
  • gene00gene00 Posts: 113
    That's an amazing deal considering invoice is $32,399. Even subtracting $500 dealer cash, that's still $399 under. Were there any other circumstances in your deal (did you buy a warranty or accessories, was it a dealer loaner or demo, did you have a trade-in, etc)?
  • coupedncalcoupedncal Posts: 252
    Thanks! There was no other tied transaction to this deal. No trade, warranty, accessory etc. The van had 3 miles on the odo when we first drove it. There could be other factory to dealer incentive at play that we public are not aware of but even if there aren't, the dealer still made about $400 considering the holdback on this van is close to $700.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure coupedncal. The money factor for the Odyssey EX-L without RES is the same, but the residual value is 1% higher...57% for a 36-month, 12k lease.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings mrbcar. Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2012 Odyssey Touring with 12,000 miles per year are .00115 and 54%, respectively for consumers who qualify for its top credit tier.

    Honda is providing $500 dealer cash on this van right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • friguy3friguy3 Posts: 8
    edited March 2012
    So I know you guys talk about Money factors and percentages and Ive kinda tried to learn a little but it gets too confusing for me...ANYWAY...my wife just went to the honda dealership to see about an early trade it (due in oct) and they are giving her an EX-L with DVD/nav. Its nothing down and 549/month for 36mo/12k miles. Good? Can do better? We have had numerous hondas for years so this should be with all the deals...any ideas?
  • friguy3friguy3 Posts: 8
    Well, in NJ, just leased a 2012 Touring Elite with all the extras (racks, all weather mats...), 0 down, 36mo/12k, giving back my 2010 odyssey EX-L early that's due in October, for $610/month. Think I got an OK deal. What do ya think?
This discussion has been closed.