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Car_man
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The dealer invoice price of an '09 Odyssey EX-L with RES but without navigation is $32,151, $29,651 after backing out the dealer cash. Again this is very close to the $29,750 that you were quoted making this a good deal as well.
You really shouldn't lease an Odyssey for 4 years. Not only is that a long time to be committed to one vehicle and the warranty will have long since expired when your vehicle is due to be returned, but Honda is not currently providing lease support on 48 month leases of this model. As a result, its 48 month money factor jumps from the special .00250 to .00305.
Car_man
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The numbers for an otherwise identical lease of a base '09 Odyssey EX are exactly the same.
Car_man
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thanks
Thanks!
Do the residuals vary by region or dealership?
If not, is that fee ever waived?
Called the dealership today- over the phone he quoted me $415 a month, 36 months, $0 down, 12K miles a year, buy out my current lease (2 months left).
We are in no hurry, but if the deal is right we will take it- so buying out my 2 months is no real incentive, as we are under miles on the Accord.
How much wiggle room do you think there is on this payment? We are going to go and meet with the salesperson on Saturday. Ideally I would like to be at $350 a month w/ $0 down- even possible?
I want to know can I get the same deal adding the entertainment system?
Or how much more would that cost?
Lease on an EX-L 3yrs., 36K, $0 down $455. inc. tax
I really want it with the DVD system, but he wouldn't for that price.
What do you think?
I gambled the June incentives would be better than the May incentives for an EXL w/ RES, 3 yrs, 15k per year.
Did my gamble pay off?
It suggests a less than honest and reputable establishment.
Has anyone ever heard of such tactics?
I live in LA/SoCal and I'm trying to figure out what is a good lease deal.
Honda has $269/mo on the basic LX model.
What I would like is a 36 mo. lease, 12,000 mi/year on a EX-L w/NAV & DVD.
What sort of prices can I expect?
What are the residual and money factor on this? I believe the residual on the LX is 45% and 44% on EX-L at least that is what I thought I saw on the web site.
I'm getting quoted the following:
2009 X-L w/Nav, Res MSRP $37,625 and he is willing to give it to me for $32,473
According to him it would work out as the following lease #'s:
Total Drive Off - $1129
Monthly Payment $538+tax
This just seems really high to me compared to the super low LX lease deal.
Can someone PLEASE help?
I'm looking to close on a deal in the next 2 weeks. What I want is to find a lease deal that is close to $400 including tax but maybe that is a pipe dream.
Could I find an EX-L with no nav or res for under $400/mo lease?
Ideas? Suggestions?
THANK YOU!
Maytal
The key question is not how much incentive the Dealer gets from Honda but rather, how much incentive the dealer will give to you.
I agree with you; however, they won't share with me how much incentive is passed along to me. They will only share the "selling price" which the lease payment is based upon.
i really love it even though its the base model. Its does what I want it for (hauling toddlers obviously).
LX - $21,060
EX - $23,681
If I did the math correctly using .0025 money factor and 52% residual for a 36 month $0 down lease, I come up with $318 and $364 respectively. I did add in about $600 for the lease origination and figured in the 6% sales tax on the payments in KY.
Carman, could you check these numbers and let me know if I missed something?
CfKid
When negotiating your lease on this van, make sure to take the $2,500 dealer cash that is currently available on it into account.
Car_man
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Car_man
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Car_man
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If you are in an area that has a decent level of competition, I would be surprised if you weren't able to negotiate a lower selling price than the $34,000 that you were quoted. I personally would shoot for a selling price in the low $32,000s and see what happens.
As far as this van's lease program goes, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Odyssey EX-L with RES, Navigation, and 15,000 miles per year are .00250 and 46%, respectively for consumers who qualify for its "Super Preferred" credit tier. If you were to lease with only 12,000 miles per year, this vehicle's residual value would be 2% higher.
Car_man
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Car_man
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Car_man
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If I was in the market for this van right now, I personally would shoot for a selling price of around $500 over dealer invoice minus the $2,500 dealer cash that is available on it. That would be around $32,200.
Using this selling price and the aforementioned lease program, I come up with a zero down, pre-tax monthly lease payment of around $538.
Car_man
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Honda did introduce a dealer stairstep program on its trucks in late May that provides dealers who hit their sales target with up to an additional $1,000, but individual consumers will never know if the dealer that they are working with has qualified for this car. At least this program will make many dealers more motivated to move some iron as quickly as possible.
Car_man
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Car_man
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LX MSRP - $27,065
EX MSRP - $30,125
Thanks for the quick reply.
CfKid
Can any of you please tell me if I am getting a decent deal here for a 2009 Odyssey EX.
I negotiated a lease price of $399 for a 36 month lease with 15K miles/year and 0 down. When I take possession of the car, I was told that the only thing I need to pay for is the plate cost which is about $156 in MI. The first payment of $399 will be 30 days form the time I take the car and in total there will be 35 payments.
Is this a good deal? Thanks
Phani
You already know from Edmunds that Invoice for this model (including destination) is $32,151
AND
you know the dealers get a $2500 incentive.
The big question is how much YOU pay for the car.
In East Coast metro areas you might be able to get below 10% under invoice if you have no color preference and the car is in stock.
With hold backs and other behind the scenes motivators, the $2500 incentive is clearly only part of the picture for some dealers.
Again, I'm not sure what the dealer passes on to you really matters if you get the car for the lowest possible price.
What state is s/he in?
I believe the sale price is $23,7XX. I already paid the $ 500 deposit yesterday so the delaer could bring the car in for me today.
Initially the dealer said I had to take what was in stock. My wife liked silver and the dealer did not have it. Later he called and said he could get a silver. If everythign works out, I will be driving with it today. I also have the purchase agreement from the delaer.
Since I am transferring my title, it is a sign and drive thing. Do not have to pay even a penny and the first of 35 payments will be 30 days from today.
Will keep you all posted.
Sales price (w/ $2,500 incentive) - $29,200
Residual - 46%
MF - 6%
This seems to be the best I can do and others will not match the deal. I've already leased a new Pilot from this same dealer, there were no gimmicks, bait and switch or other sales tactics. Once in the dealer the transaction took about 25 mins.
Is this considered a good lease deal?
Honda Odyssey EX-L(no Navi & no DVD)
Total drive off is $964 and monthly payment is $456 plus tax at same 36months and 12K/miles per year.
Or $1964 drive off and $427 plus tax 36 months and 12k/miles per year.
2009 model and price is $28305.00 MSRP is $33825.00 and invoice is $31005.34
Does this look right?
Any way you think I can get the payments closer to $400?
Thanks,
Maytal
My business partner was just offered the EX-L with DVD for 466.00 Plus 6% Fla Tax.
I would not do the 1964 down because there is no benefit to you.
From what I understand it will be tough to get the car close to 400.00 a month. I will post if I see otherwise.
Rob
EX-L with DVD 36 month Lease, 12K:
$1,000 down, $474/month. Including IL/ chicago high tax.
Not sure if this is the best we could have done, but it is alot better than what was offered us a month ago. Old lease was up, so we had to pull the trigger.
ETA: I'm trying to recall selling price. $28,400 I think. I can check my notes if anyone wants to know.
Model : Odyssey EX
Drive-off cost : $1,500 incl. registration, bank fee, first month payment etc
Monthly : $383 incl. NJ tax(7%)
Miles : 15,000 / year
Not the best but I think this is a decent deal for 15K/year and within 2 hr period.
If you wanna try them, beware the finance guy for he's utilizing various tactics to add more cost to you. Sales Dept is pretty nice.
If I am looking at a 2009 Touring no pax with a selling price of $34,000 in NYC, what should the payment be for 36 months 12,000 mile and 0 down , bank fee rolled inot payments ?
Also, are you able to calculate how much the payment would be if I were to roll sales tax (8.375%) into the payments as well ?
Your feedback please. Seeking EX lease, 3yr, 12k, no $ down. The two best offers I have on the table now are:
1. $350 plus tax, which would push monthly payments to $374.50; and
2. $340 plus tax, which would push monthly payments to $365.50.
Between the two, the answer is clear. However, from a mkt perspective, I will apprciate yours (or any of the other posters as well) feedback. Cheers!
If Carman or someone can respond as soon as possible and let me know if this is a good lease deal:
2009 EX-L deal from a SoCal dealer -
YOUR EXCLUSIVE INTERNET PRICE IS*: $ $27,882.00 + Fees
MSRP ON THIS VAN IS $33,865 - SO YOU ARE SAVING $5,983 WITH ME
Here's how the Lease comes out-36 MONTHS 12,000 MILES PER YEAR-
$ 365.56 + Tax with $3,680 due at signing.
I want to keep the payments under $400 so the downpayment is high, is this a good price on the van?
I have to close by Monday to get this deal since they want to move these out by the end of the month so I want to know what everyone thinks.
I have a month to month lease right now until december so I'm just wondering if I should close on this or if maybe I wait till december honda may have better lease deals.
Thanks,
Maytal
and the breakdown of $3,680 due at signing
Also ask about the detail of "+ Fees"