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2016 Honda Odyssey Lease Questions

kyfdxkyfdx Posts: 53,743
edited December 2015 in Honda
Ask your 2016 Odyssey lease questions here!

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  • Looking to lease 2016 Odyssey EX-L with navi in NJ. Could someone post the December numbers? What are the money factor and residual for December? Are there any current incentives? Thank you.
  • kyfdxkyfdx Posts: 53,743
    hsgz1234 said:

    Looking to lease 2016 Odyssey EX-L with navi in NJ. Could someone post the December numbers? What are the money factor and residual for December? Are there any current incentives? Thank you.

    .00049 MF and 55% residual for 36mo, 15K/yr. $500 lease cash.

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  • Thank you. What are the numbers for 36/12?
  • kyfdxkyfdx Posts: 53,743
    hsgz1234 said:

    Thank you. What are the numbers for 36/12?

    Add 2%

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  • I had agreed on price for a 2016 SE at $31,400 cap cost. Just noticed a lease special with 36/12k with no initial payment and 35 months at $370. My question is where does the first month payment come from. Does the dealer simply add this to the cap cost? How is the $500 lease cash applied? The dealer has said no lease cash.
  • kyfdxkyfdx Posts: 53,743

    I had agreed on price for a 2016 SE at $31,400 cap cost. Just noticed a lease special with 36/12k with no initial payment and 35 months at $370. My question is where does the first month payment come from. Does the dealer simply add this to the cap cost? How is the $500 lease cash applied? The dealer has said no lease cash.

    On the $0 due at lease signing deal, the dealer has to cover the first payment

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  • Looking for money factor and residual on 2016 odyssey EX-L with Nav in the Kansas City area. Also, any infer on lease cash, incentives and recent sales price. Thanks.
  • kyfdxkyfdx Posts: 53,743

    Looking for money factor and residual on 2016 odyssey EX-L with Nav in the Kansas City area. Also, any infer on lease cash, incentives and recent sales price. Thanks.

    .00049 MF and 53% residual for 36mo, 15K/yr. $500 lease cash.

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  • Can I get the latest numbers for a 2016 Odyssey EX-L 12K, 36 & 39 mo lease? Thanks.
  • MichaellMichaell ColoradoPosts: 43,220

    Can I get the latest numbers for a 2016 Odyssey EX-L 12K, 36 & 39 mo lease? Thanks.

    57% for 36/12; 55% for 39/12.

    .00165 MF for both terms

    $500 lease cash

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  • I am in NYC and a dealer quote 54% residual for EX-L on 12k, 36 month lease, can I negotiate for 57%? Anyone in NYC has leased a 2016 Odyssey EX-L? Thanks.
  • MichaellMichaell ColoradoPosts: 43,220

    I am in NYC and a dealer quote 54% residual for EX-L on 12k, 36 month lease, can I negotiate for 57%? Anyone in NYC has leased a 2016 Odyssey EX-L? Thanks.

    Residual values are set by the bank and cannot be modified or negotiated.

    However, my numbers show either 57% (EX-L) or 55% (RES or NAV) for 36/12 on the 2016 Odyssey.

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  • Thanks Michaell for the reply. I am new to this lease thing and am wondering if location makes a difference. The current quote I get is the following:
    $449 for 36 months, tax included, with $0 down, 12k miles per year.
    $749 due at signing for first month payment and DMV fees.
    Is this a good deal?
  • MichaellMichaell ColoradoPosts: 43,220

    Thanks Michaell for the reply. I am new to this lease thing and am wondering if location makes a difference. The current quote I get is the following:
    $449 for 36 months, tax included, with $0 down, 12k miles per year.
    $749 due at signing for first month payment and DMV fees.
    Is this a good deal?

    We would need to know the MSRP and the net cap cost (selling price + taxes, fees - down payment) to know for sure.

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  • MSRP $36825, selling price $33742, tax rate is 8.875%, no down payment
    I have also noticed that 2016 Odyssey SE has 57% residual for the $370/month 36/12k lease deal, but only 55% residual value when I try to negotiate a 36/10k lease. Very strange.
  • Looking for December's money factor and residual on 2016 odyssey EX-L with Nav in Maryland for 36mo, 15K/yr.
  • kyfdxkyfdx Posts: 53,743

    Looking for December's money factor and residual on 2016 odyssey EX-L with Nav in Maryland for 36mo, 15K/yr.

    .00049 MF and 53% residual. $500 lease cash

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  • Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?
  • MichaellMichaell ColoradoPosts: 43,220

    Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?

    New numbers were released on 10 December.

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  • kyfdxkyfdx Posts: 53,743

    Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?

    I don't think the residuals changed on December 10th. It's possible that I missed the "with NAV", the first time. 53% is definitely correct for 36/15 for the 2016 EX-L with NAV.

    Without NAV, it's 55%.

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  • sorry for redundancy. How 'bout MF and residual, leash cash on 2016 Odyssey EXL (without nav) 36mo, 15k
  • kyfdxkyfdx Posts: 53,743

    sorry for redundancy. How 'bout MF and residual, leash cash on 2016 Odyssey EXL (without nav) 36mo, 15k

    .00049 MF and 55% residual. $500 lease cash.

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  • How does this look? Offer from Raleigh dealer on EXL Nav. (36/12)
    MSRP: 38805
    sales price: 34695
    dealer admin/Honda acquisition fee(?) 649, 595
    cap cost: 35939
    MF: .00049
    Residual: 21,358 or 55 percent
    payment with NC sales tax: 446/mo

    zero due at sign

  • MichaellMichaell ColoradoPosts: 43,220

    How does this look? Offer from Raleigh dealer on EXL Nav. (36/12)
    MSRP: 38805
    sales price: 34695
    dealer admin/Honda acquisition fee(?) 649, 595
    cap cost: 35939
    MF: .00049
    Residual: 21,358 or 55 percent
    payment with NC sales tax: 446/mo

    zero due at sign

    Those numbers give me $433.52/mo + tax.

    What is the tax rate?

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  • That 446 includes tax, sorry.
  • MichaellMichaell ColoradoPosts: 43,220

    That 446 includes tax, sorry.

    Your deal looks pretty solid, then.

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  • Hi all,

    Looking for MF and Residual for touring and touring elite 36/12 please in NJ. 

    Thanks in advance for the help. 
  • kyfdxkyfdx Posts: 53,743
    nj323ci said:

    Hi all,

    Looking for MF and Residual for touring and touring elite 36/12 please in NJ. 

    Thanks in advance for the help. 

    .00049 MF and 52% residual. $500 lease cash.

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  • kyfdx said:
    Hi all,

    Looking for MF and Residual for touring and touring elite 36/12 please in NJ. 

    Thanks in advance for the help. 
    .00049 MF and 52% residual. $500 lease cash.
    Thanks. So it seems that the EXL w/ navigation would be the better option financially since the Residual is slightly higher. 
  • kyfdxkyfdx Posts: 53,743
    nj323ci said:


    kyfdx said:

    nj323ci said:

    Hi all,

    Looking for MF and Residual for touring and touring elite 36/12 please in NJ. 

    Thanks in advance for the help. 

    .00049 MF and 52% residual. $500 lease cash.

    Thanks. So it seems that the EXL w/ navigation would be the better option financially since the Residual is slightly higher. 

    Yes.. 3% higher is substantial.

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