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2015 Honda Odyssey Lease Questions
Anyone getting any numbers in on the 2015 deals?
Looking to do something this week and it'd be great to get something to compare against.
Also- dealership is telling me money factor is dependent on credit and Honda has a new 14 tier credit rating system so they can't guarantee my payments until they run credit. Anyone confirm or is this another sales tactic?
Thx.
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I'm looking at a 3 year 12K per year lease.
Any incentive amount for the lessee?
Thanks
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I have a dealership that has actually shown their numbers. I have an offer for a 2015 EXL....the cost is $31900 with a $595Acquisition fee. Doc fees of $75...cap fees of $72...and a residual of 56%.... With a monthly payment at $399. Does this sound right and where is the lease cash? Should that be listed somewhere? And is this a good deal? Thx
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I got a quote of 493 per month for 2015 EX-L with roof rails and cross bars
3 years 12K miles per year
no down payment
zip code 60056
I asked the dealer for a fair quote given my trim and accessory options and did not negotiate down from MSRP. He quoted me 493 per month. What do you think?
What will be the October 2014 MF, residual, and cash incentive for EX-L?
Thanks so much for your reply.
Be aware that in IL, lease tax is calculated on the entire selling price, so your payment will be much higher than someone living in a different state.
October numbers will be available .... in October.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The current Honda numbers are good through 11/03/14.
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Would someone be able to tell me what the MF, the RV for a 2015 Touring Elite would be?
Thanks,
Emil
.00136 MF and 51% residual for 36mo, 15K/yr. $500 lease cash.
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Would the residual be 53% for a12K/yr lease?
Thanks,
Emil
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sale Price - $35,245
Tax - $2,523
Money Factor - .00136
Residual - 54%
Acquisition Fee - $595
Doc Fee - $599
Title/Lemon - $41
Electronic Tag Registration - $49.95
Protection Package (splash guard/nitrogen tires, cargo trey in trunk, all season mats) - $895
Total, with first month payment due at signing, comes out to $619/month (which includes making final two payments ($570/month) on current Odyssey lease).
Thoughts? The sale price is already below the Edmunds TMV for the car (listed at $35,421). Anything else can negotiate? GA tax not helpful, but is what it is.
Thanks!
Georgia taxes do kill you on a lease.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
But, each manufacturer adjusts the numbers on their own schedule.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
•Cap Cost - $35,704.92
•Cap Cost Reduction - $903.66 (minimal drive off)
•Residual - $21,618.80
•12,000 miles / 36 months
•Current Payoff of CRV - $20,710.03
•Appraised Value pending physically seeing the vehicle - $20,710.03
•Monthly Payment - $488.91 + tax = $532.91
Trading in a leased vehicle isn't really any different than trading in a car you have a loan against - it has a trade value and a payoff. Find out the payoff from Honda Finance and use the "Real World Trade in Values" discussion here to get an honest appraisal of the CR-V.
Information is power - the more you have, the better the deal you'll be able to make.
One other thing to consider - the .00136 MF for the '15 Odyssey is pretty high for Honda standards. I suspect that Honda Finance is doing this to make the '14's more attractive. When the '14's are all gone, I wouldn't be surprised to see a reduction in the MF on the '15's over the next few months. Might be better to wait until your current lease is closer to expiration.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
.00066 MF and 57% residual. Subtract 2% for 15K/yr
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$279
per month for 36 months*
$3,195 cash or trade down
*MSRP: $32,275.
If you negotiate wisely, you should be able to meet or beat the advertised deal.
.00066 is the current MF, and the 36/15 residual for the EX-L is 55%.
I suggest you head over to the "Odyssey Prices Paid" discussion for examples of what others are paying, then use that information to negotiate a solid sales price.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Confirm the .00066 MF for all 205 Odysseys.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'd really like to know how you'd calculate the MF and residual value to calculate lease monthly payment? I'm going to a leadership in Huntington, NY tomorrow to negotiate a lease for Odyssey EX 36mo/15K with 0 down and all other expenses as part of cap.
What is a reasonable monthly payment for the 36/15? For my curiosity, how do I factor in the MF and RV to come up with a monthly payment?
Thanks!
There are two variables in a lease - the selling price and the money factor (rent charge, or interest rate).
To model a payment, we would need to know both the MSRP (sticker price) and the negotiated selling price.
For the EX model, the 36/15 residual is 55% and the base MF is .00066.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2015 EX-L Navi
15K/36mos
38,605 MSRP
36,000 sales price
36,845 cap cost
03,519 cc reduction
20,461 residual
21,834 payoff current 2012 EX-L Navi
26,250 trade-in 2012 Ody EX-L w/34K (firm after physical appraisal)
00,470 tax, lic, doc
$392.87
$035.36 tax
$428.23 total
They calculate that with trade-in and payoff, we'll net $4600 and that will *magically* cover the out-the-door costs (3519 cc reduction + 428 1st + 470 tax, lic, doc).
New at this, so if more info is needed to evaluate this deal, please let me know. Thanks!
Also, should we wait and see if there's another cash incentive from Honda ($500 expired 11/3 from reading forum)? What is the history of Honda incentives in December? Thx.
35,735
every little bit helps!
.00066 MF and 53% residual.
Yes, the $500 cash went away, but the money factor dropped from .00136. The lease program is much better this month, even with losing the $500.
I calculate about $6/mo. less than they do, but close enough.. Your new price will lower the payment about $9/mo. more..
There is no need to roll all of your equity into the lease. You can do the deal without the CAP cost reduction, and ask them to cut you a check for that amount. Of course, your payment will be correspondingly higher... about $100/mo. more..
So, if you keep your equity, the real cost for the new lease is about $525/mo.
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We are going to put $2K down, despite all the warnings not to put any cash into a lease. We're the kind of people who make payments two months ahead: It's a sickness .
Does anyone know if the 35,735 sales price, which includes a cargo tray ~$80 retail aftermarket, is fair/good?
I've looked at the 2015 sales price forum and there are few comps for EX-L Navi in the PNW. Thanks.
"Also, should we wait and see if there's another cash incentive from Honda ($500 expired 11/3 from reading forum)? What is the history of Honda incentives in December? Thx."
$500 is one payment, so it's worth paying attention to timing, no?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I have an existing lease on Honda Odyssey EX 2011 with 45K/36. However, my lease is due in April/2015 but I'm already at 50K miles.
I went to a dealership in Long Island, NY and told them I wanted to lease a 2015 EX for 45K/36 but wanted to see if they can waive the extra mileage I've gone over with existing and make the remaining payments.
They agreed to the following:
Make 3 payments ($385/mo)
Waive 3K of the 5K mileage.
With $0 down and 45K/36, I would pay one payment for old lease, pay for 2K extra mileage and first payment of new lease.
I would pay $1200 up front with $430/mo for new lease.
Can someone tell me if this is a reasonable deal or should I wait until next year to return the lease and negotiate that they pay some of the excess mileage?
Sorry for the long post and thanks!!
If you are driving 20K/yr, it won't help to get into another 15K/yr lease... you'll be right back where you are now.... Paying a big chunk out of pocket. Amortize that over your last 30 payments and you'll find that leasing has been very expensive for you...
I'd buy a vehicle...
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I would appreciate if you could clarify the lease terms for December. I am looking at a EX-L (with rear entertainment, if that matters).
Are the terms the same as for November? 0.00066 money factor and 57% residual for 36mo/12k (55% for 36 mo/15k)?
Any dealer/lease incentives?
Thanks in advance.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Sale price $33,674
After markets $463
Cash down $3000
Upfront charges $630
Cap reduction $1938.40
36mth @ .00066 12k miles
Residual amount $21,000
Monthly payment 449.00 including maintenance
Is this a good offer?
We don't recommend making a cap reduction on a lease; if the car is stolen or totaled, you lose that money.
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