I'm looking to lease an Odyssey and still trying to understand if it is within the budget.
Specs: 2016 EX-L 36moths/15K year. 0$ down.
From Edmunds True Market Value tool for my 33179 zip code it says $32.167 base price + $900 destination fee for a Total of $33.343. (MSRP $36.050)
(Competing site list it for a total of $33.114)
Questions:
February numbers.
Based on the February numbers, the $33.343 total price and that I want to do 0$ down, what would be the monthly payment be? (excluding sales taxes? and with 6% sales taxes?).
How good is that $33.343?
I would also like to understand the numbers for 36m/12K.
Thank you in advance, these forums were a great help 2 years ago when I got my current car.
I'm looking to lease an Odyssey and still trying to understand if it is within the budget.
Specs: 2016 EX-L 36moths/15K year. 0$ down.
From Edmunds True Market Value tool for my 33179 zip code it says $32.167 base price + $900 destination fee for a Total of $33.343. (MSRP $36.050)
(Competing site list it for a total of $33.114)
Questions:
February numbers.
Based on the February numbers, the $33.343 total price and that I want to do 0$ down, what would be the monthly payment be? (excluding sales taxes? and with 6% sales taxes?).
How good is that $33.343?
I would also like to understand the numbers for 36m/12K.
Thank you in advance, these forums were a great help 2 years ago when I got my current car.
.00049 and 55% for 36/15. Add 2% for 12K.
$1250 lease cash.
Using the $33,343 as the cap cost, I get a payment of $395/mo with 6% sales tax. 12K payment would be $376/mo with tax.
Understand that $0 down is not the same as $0 out of pocket ... there are some up front costs with a lease that you'll pay when you sign the paperwork, or you can choose to add them into the lease, which will increase your payment.
Hello,
I'm looking to lease an Odyssey and still trying to understand if it is within the budget.
Specs: 2016 EX-L 36moths/15K year. 0$ down.
From Edmunds True Market Value tool for my 33179 zip code it says $32.167 base price + $900 destination fee for a Total of $33.343. (MSRP $36.050)
(Competing site list it for a total of $33.114)
Questions:
February numbers.
Based on the February numbers, the $33.343 total price and that I want to do 0$ down, what would be the monthly payment be? (excluding sales taxes? and with 6% sales taxes?).
How good is that $33.343?
I would also like to understand the numbers for 36m/12K.
Thank you in advance, these forums were a great help 2 years ago when I got my current car.
.00049 and 55% for 36/15. Add 2% for 12K.
$1250 lease cash.
Using the $33,343 as the cap cost, I get a payment of $395/mo with 6% sales tax. 12K payment would be $376/mo with tax.
Understand that $0 down is not the same as $0 out of pocket ... there are some up front costs with a lease that you'll pay when you sign the paperwork, or you can choose to add them into the lease, which will increase your payment.
Question. I see a pretty good deal listed in this forum. Here it is: 2016 Odyssey EX-L MSRP - 36,950 Sale Price - 31,755 Cap Cost - 34,125.30 Residual - 21,061.50 (57%) Money Factor - .00049 - Super Preferred Term - Must qualify
2016 Honda Odyssey EX-L (No navi or Ent system) 12,000 miles 36 month lease $0 due at signing 390/mo With Approved Credit
Hypothetical question. If $5,000 were put as a down payment in this scenario, what would the new monthly payment be? I am just trying to make sure I understand how to calculate this math. thanks!
Question. I see a pretty good deal listed in this forum. Here it is: 2016 Odyssey EX-L MSRP - 36,950 Sale Price - 31,755 Cap Cost - 34,125.30 Residual - 21,061.50 (57%) Money Factor - .00049 - Super Preferred Term - Must qualify
2016 Honda Odyssey EX-L (No navi or Ent system) 12,000 miles 36 month lease $0 due at signing 390/mo With Approved Credit
Hypothetical question. If $5,000 were put as a down payment in this scenario, what would the new monthly payment be? I am just trying to make sure I understand how to calculate this math. thanks!
On a 36 month lease, every $1000 used as a down payment reduces the pre-tax payment about $28/mo.
However, we don't recommend that course of action - the money is at risk if the car is stolen or totaled.
Hi, I am located in Southern California and am interested in leasing an EX-L with MSRP of 36,950. I got a dealer quote for 31,356 + tax (9%) and a lease price of 379.37 with 0 due at sign and taxes included. Can someone who has the current numbers for Feb let me know how that sounds and what the residual value should be on this car? Thanks, looking to sign this weekend, hopefully. Inko
Hi, I am located in Southern California and am interested in leasing an EX-L with MSRP of 36,950. I got a dealer quote for 31,356 + tax (9%) and a lease price of 379.37 with 0 due at sign and taxes included. Can someone who has the current numbers for Feb let me know how that sounds and what the residual value should be on this car? Thanks, looking to sign this weekend, hopefully. Inko
MF is .00049 with $1250 lease cash.
Residual is based on the lease term and miles per year - what are you looking for?
Tax on a lease in CA is calculated against the monthly payment, not up front like on a purchase.
Hi, Can I get the MF, Residual, incentives for March (NJ) for EX-L for 36/12 and 36/15? And also for EX-L RES for 36/12 and 36/15? And also for SE for 36/12 and 36/15?
Hi, Can I get the MF, Residual, incentives for March (NJ) for EX-L for 36/12 and 36/15? And also for EX-L RES for 36/12 and 36/15? And also for SE for 36/12 and 36/15?
Thank you for your help.
36/15. Add 2% for 36/12
EX-L/SE: .00041 MF and 54% residual. $1750/$1250 lease cash
EX-L w/RES: .00041 MF and 52% residual. $1750 lease cash.
Hi kyfdx, we are shopping for an EX-L with Nav in NY (Long Island). Can you please advise of the MF and Residual for a 2 year lease and a 3 year lease, each with 10,000 miles/year? Also, does Honda offer better rates for a 39 month lease (instead of a 36 month lease)? Any help would be most appreciated! Thanks so much.
Hi kyfdx, we are shopping for an EX-L with Nav in NY (Long Island). Can you please advise of the MF and Residual for a 2 year lease and a 3 year lease, each with 10,000 miles/year? Also, does Honda offer better rates for a 39 month lease (instead of a 36 month lease)? Any help would be most appreciated! Thanks so much.
.00041 MF
$1250 lease cash and $500 bonus lease cash.
Honda does not offer 10K leases, but if they do, add 1% to the 12k numbers quoted below.
Thank you so much! Are the lease cash and bonus lease cash unpublished dealer incentives? I ask because Edmunds.com indicates there are no leasing incentives at this time.
Thank you so much! Are the lease cash and bonus lease cash unpublished dealer incentives? I ask because Edmunds.com indicates there are no leasing incentives at this time.
That is correct - factory to dealer incentives that the dealer can choose to pass along to the customer.
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
36 months?
Honda does not offer 10K leases, so the numbers are all for 36/12:
I have a dumb question on lease cash. From the dealer's perspective, let's say on a particular model he has dealer cash of $1000 and lease cash of $500. Does it mean that the dealer will receive $1500 if one leases a car or just the $500 lease cash only?
I have a dumb question on lease cash. From the dealer's perspective, let's say on a particular model he has dealer cash of $1000 and lease cash of $500. Does it mean that the dealer will receive $1500 if one leases a car or just the $500 lease cash only?
They will get both - the idea is to have that savings passed along to you in the form of a lower selling price.
Thanks for the quick response Michael. I should have made it clear that I was NOT talking about lease bonus cash.
As I was checking Incentives and Rebates for the Odyssey on my phone, I noticed that there's a $1000 "Dealer Cash". Now for the Odyssey EX-L, the lease cash is $1500 this month according to your post, does it mean that the dealer has a cushion of $2500 from the invoice when setting the selling price? Does it mean that leasing customers have an advantage of up to $1500 over normal purchase as far as the selling price is concerned?
Thanks for the quick response Michael. I should have made it clear that I was NOT talking about lease bonus cash.
As I was checking Incentives and Rebates for the Odyssey on my phone, I noticed that there's a $1000 "Dealer Cash". Now for the Odyssey EX-L, the lease cash is $1500 this month according to your post, does it mean that the dealer has a cushion of $2500 from the invoice when setting the selling price? Does it mean that leasing customers have an advantage of up to $1500 over normal purchase as far as the selling price is concerned?
No, the $1500 I quoted was the $1000 dealer cash and the $500 bonus lease cash for the EX-L trim. The dealer cash can be used for both leases or purchases.
No, the $1500 I quoted was the $1000 dealer cash and the $500 bonus lease cash for the EX-L trim. The dealer cash can be used for both leases or purchases.
Thanks again Michael! That's very clear. Now the theoretical extra margin for leasing is only $500.
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
36 months?
Honda does not offer 10K leases, so the numbers are all for 36/12:
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
36 months?
Honda does not offer 10K leases, so the numbers are all for 36/12:
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
36 months?
Honda does not offer 10K leases, so the numbers are all for 36/12:
Yes 36 month. And thanks for this info, because of it I was able to work out a deal on an EXL last night. Very much appreciated!
Would you like to share your deal details with us?
Sure.
Odyssey EX-L MSRP 36,950 Agreed upon selling price 32,676 Minus lease cash 1500 for total cap cost of 31,176 With the 56% residual and .00041 MF, monthly payment is $329.97 after sales tax (5.6% tax)
No money down towards cap reduction, but I'm paying the fees up front including first payment $329, doc fee $299, DMV fee $174, and $595 acquisition fee.
Could someone kindly provide the money factor, incentives, and residuals for 10k/12k lease on the 2016 Odyssey LX and the EX/EXL? Thank you! I'm in wisconsin.
36 months?
Honda does not offer 10K leases, so the numbers are all for 36/12:
Yes 36 month. And thanks for this info, because of it I was able to work out a deal on an EXL last night. Very much appreciated!
Would you like to share your deal details with us?
Sure.
Odyssey EX-L MSRP 36,950 Agreed upon selling price 32,676 Minus lease cash 1500 for total cap cost of 31,176 With the 56% residual and .00041 MF, monthly payment is $329.97 after sales tax (5.6% tax)
No money down towards cap reduction, but I'm paying the fees up front including first payment $329, doc fee $299, DMV fee $174, and $595 acquisition fee.
That is a lot of vehicle for the payment! Congrats on the new Odyssey.
We are in IA Looking to get into Honda Ex-L w/res they offered to pay off our suburban we currently own so we are "flush" on , their current offer to us was $37,610+applicable fees for $569/month for 36mon lease. We are thinking this is still pretty high but UN sure where to go from here. We went back and forth all week until they agreed to pay off the truck and went from $645 to $569 because of that.
We are in IA Looking to get into Honda Ex-L w/res they offered to pay off our suburban we currently own so we are "flush" on , their current offer to us was $37,610+applicable fees for $569/month for 36mon lease. We are thinking this is still pretty high but UN sure where to go from here. We went back and forth all week until they agreed to pay off the truck and went from $645 to $569 because of that.
$569/mo is a big payment for a $38K minivan.
What is the adjusted cap cost, and how much out of pocket is the dealer expecting?
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36/12000?
Chicago-ish
Thanks so much!
Either model
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Any incentives on that model?
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I'm looking to lease an Odyssey and still trying to understand if it is within the budget.
Specs: 2016 EX-L 36moths/15K year. 0$ down.
From Edmunds True Market Value tool for my 33179 zip code it says $32.167 base price + $900 destination fee for a Total of $33.343. (MSRP $36.050)
(Competing site list it for a total of $33.114)
Questions:
February numbers.
Based on the February numbers, the $33.343 total price and that I want to do 0$ down, what would be the monthly payment be? (excluding sales taxes? and with 6% sales taxes?).
How good is that $33.343?
I would also like to understand the numbers for 36m/12K.
Thank you in advance, these forums were a great help 2 years ago when I got my current car.
$1250 lease cash.
Using the $33,343 as the cap cost, I get a payment of $395/mo with 6% sales tax. 12K payment would be $376/mo with tax.
Understand that $0 down is not the same as $0 out of pocket ... there are some up front costs with a lease that you'll pay when you sign the paperwork, or you can choose to add them into the lease, which will increase your payment.
Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Odyssey EX-L
MSRP - 36,950
Sale Price - 31,755
Cap Cost - 34,125.30
Residual - 21,061.50 (57%)
Money Factor - .00049 - Super Preferred Term - Must qualify
2016 Honda Odyssey EX-L (No navi or Ent system)
12,000 miles
36 month lease
$0 due at signing
390/mo
With Approved Credit
Hypothetical question. If $5,000 were put as a down payment in this scenario, what would the new monthly payment be? I am just trying to make sure I understand how to calculate this math. thanks!
However, we don't recommend that course of action - the money is at risk if the car is stolen or totaled.
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Inko
Residual is based on the lease term and miles per year - what are you looking for?
Tax on a lease in CA is calculated against the monthly payment, not up front like on a purchase.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get the MF, Residual, incentives for March (NJ) for EX-L for 36/12 and 36/15?
And also for EX-L RES for 36/12 and 36/15?
And also for SE for 36/12 and 36/15?
Thank you for your help.
EX-L/SE: .00041 MF and 54% residual. $1750/$1250 lease cash
EX-L w/RES: .00041 MF and 52% residual. $1750 lease cash.
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$1250 lease cash and $500 bonus lease cash.
Honda does not offer 10K leases, but if they do, add 1% to the 12k numbers quoted below.
24/12 - 61%
36/12 - 54%
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Honda does not offer 10K leases, so the numbers are all for 36/12:
.00041 MF and 56% for all trims.
LX & EX - $1250 lease cash
EX-L - $1500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
As I was checking Incentives and Rebates for the Odyssey on my phone, I noticed that there's a $1000 "Dealer Cash". Now for the Odyssey EX-L, the lease cash is $1500 this month according to your post, does it mean that the dealer has a cushion of $2500 from the invoice when setting the selling price? Does it mean that leasing customers have an advantage of up to $1500 over normal purchase as far as the selling price is concerned?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No, the $1500 I quoted was the $1000 dealer cash and the $500 bonus lease cash for the EX-L trim. The dealer cash can be used for both leases or purchases.
Thanks again Michael! That's very clear. Now the theoretical extra margin for leasing is only $500.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Odyssey EX-L MSRP 36,950
Agreed upon selling price 32,676
Minus lease cash 1500 for total cap cost of 31,176
With the 56% residual and .00041 MF, monthly payment is $329.97 after sales tax (5.6% tax)
No money down towards cap reduction, but I'm paying the fees up front including first payment $329, doc fee $299, DMV fee $174, and $595 acquisition fee.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the adjusted cap cost, and how much out of pocket is the dealer expecting?
Also, how many miles are you looking for?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the MSRP?
Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige