Anyone use Costco Car Program? Is this a good lease deal on a Honda Odyssey EX-L 2016?

bevdel888bevdel888 Member Posts: 3
edited December 2016 in Honda
As a Costco customer, we got offered $2500 below invoice price bringing the cost of a Honda Odyssey EX-L to $31813 in Long Island, NY. The monthly payments would be $411 and we would have an out of pocket expense of $1793 for all the charges. Is this a good deal?
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  • kyfdxkyfdx Moderator Posts: 261,705
    bevdel888 said:

    As a Costco customer, we got offered $2500 below invoice price bringing the cost of a Honda Odyssey EX-L to $31813 in Long Island, NY. The monthly payments would be $411 and we would have an out of pocket expense of $1793 for all the charges. Is this a good deal?

    What is the MSRP?
    What term and mileage allowance?

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  • bevdel888bevdel888 Member Posts: 3
    edited December 2016
    36 months with 15000 miles per year. The MSRP is $37,100 and the invoice price is $33,993.
  • bevdel888bevdel888 Member Posts: 3
    edited December 2016
    kyfdx said:

    bevdel888 said:

    As a Costco customer, we got offered $2500 below invoice price bringing the cost of a Honda Odyssey EX-L to $31813 in Long Island, NY. The monthly payments would be $411 and we would have an out of pocket expense of $1793 for all the charges. Is this a good deal?

    What is the MSRP?
    What term and mileage allowance?
    The lease is for 36 months with 15000 miles per year. The MSRP is $37,100 and the invoice price is $33,993.
  • kyfdxkyfdx Moderator Posts: 261,705
    bevdel888 said:

    kyfdx said:

    bevdel888 said:

    As a Costco customer, we got offered $2500 below invoice price bringing the cost of a Honda Odyssey EX-L to $31813 in Long Island, NY. The monthly payments would be $411 and we would have an out of pocket expense of $1793 for all the charges. Is this a good deal?

    What is the MSRP?
    What term and mileage allowance?
    The lease is for 36 months with 15000 miles per year. The MSRP is $37,100 and the invoice price is $33,993.
    .00040 MF and 52% residual

    I get $368/mo, if the selling price is the adjusted CAP cost.

    Either $1793 doesn't cover everything, and some amount is rolled into the payment (tax?), or they aren't being straight with you.

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    Did you get a good deal? Be sure to come back and share!

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  • ohiohondaguyohiohondaguy Member Posts: 33
    Costco typically does offer the best vehicle price for a customer since they are usually all always under invoice. Just FYI in the future. If you do go in through the Costco Auto Program, negotiation is typically shut down though because of the best price already being offered up front.
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