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

sandman512

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

kyfdx

sandman512 said:

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.

sandman512

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!

sandman512

EDIT: Model EX-L

sandman512

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

Michaell

sandman512 said:

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!

sandman512 said:

EDIT: Model EX-L

sandman512 said:

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

sandman512 said:

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.