Looking to lease a 2015 Honda Odyssey and have a few questions.

sandman512sandman512 Member Posts: 4
edited March 2015 in Honda
So, my wife had an accident the other day in our 2005 Honda Pilot and we think it might be totaled. Thankfully, everyone is ok. My wife is now interested in a Honda Odyssey MiniVan. Let me start by saying, I'm totally NEW to leasing.Went to the dealership yesterday and sat with a sales rep. We were able to negotiate to this:
$2,000 Down,
36 Months.
12K miles/year
$500 forgiveness
Monthly Payment $325.

Any advice/input would greatly be appreciated.
Thanks!

Sammy

Comments

  • kyfdxkyfdx Moderator Posts: 232,951

    So, my wife had an accident the other day in our 2005 Honda Pilot and we think it might be totaled. Thankfully, everyone is ok. My wife is now interested in a Honda Odyssey MiniVan. Let me start by saying, I'm totally NEW to leasing.Went to the dealership yesterday and sat with a sales rep. We were able to negotiate to this:
    $2,000 Down,
    36 Months.
    12K miles/year
    $500 forgiveness
    Monthly Payment $325.

    Any advice/input would greatly be appreciated.
    Thanks!

    Sammy


    Which model Odyssey?

    A lot goes into a lease payment... negotiating by money down and monthly payment doesn't give you a lot to work with. Need to know selling price, tax rate and state, MSRP and selling price.

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  • sandman512sandman512 Member Posts: 4
    First, thanks for the reply. I will get you the MSRP, tax rate here in NY i believe is 8.625%. Thanks again, FYI, I am totally new to this...THANKS!
  • sandman512sandman512 Member Posts: 4
    EDIT: Model EX-L
  • sandman512sandman512 Member Posts: 4
    Msrp on the van is 36,605
    Vehicle is 31,429
    Tax rate .0.8625%
  • MichaellMichaell Moderator Posts: 238,162

    First, thanks for the reply. I will get you the MSRP, tax rate here in NY i believe is 8.625%. Thanks again, FYI, I am totally new to this...THANKS!

    EDIT: Model EX-L

    Msrp on the van is 36,605
    Vehicle is 31,429
    Tax rate .0.8625%

    So, my wife had an accident the other day in our 2005 Honda Pilot and we think it might be totaled. Thankfully, everyone is ok. My wife is now interested in a Honda Odyssey MiniVan. Let me start by saying, I'm totally NEW to leasing.Went to the dealership yesterday and sat with a sales rep. We were able to negotiate to this:
    $2,000 Down,
    36 Months.
    12K miles/year
    $500 forgiveness
    Monthly Payment $325.

    Any advice/input would greatly be appreciated.
    Thanks!

    Sammy

    36/12 residual on the EX-L is 57%. Base MF for the Odyssey is .00056.

    With your MSRP and vehicle selling price, I calculate a pre-tax $0 down payment of $322.73.

    We do not recommend making any sort of down payment on a lease - if the vehicle is stolen or totaled, you lose that money.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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