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2018 Honda Odyssey Lease Deals and Prices

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Comments

  • caltmancaltman Posts: 128
    Michaell said:

    caltman said:

    techody said:

    Ya, I'm pretty sure those are 2017 model numbers which don't apply to this forum.

    Even though the title of this forum is 2018 Odyssey?
    Bother - you're both correct. I gave you the 2018 MF (.00200) but was looking at the 2017 residual table.

    Let's try again

    36/12 residuals:
    EXL NAV/RES - 61%
    Touring - 60%

    Subtract 2% for 15K
    Thanks Michaell! Got both residuals confirmed tonight at dealership like you said. We didn't get things done in time for August sale because they didn't have one of the two vehicles on site that we wanted. Nevertheless, we will be able to get one and can keep the same deals we got going into September.

    I've done about 10 Honda deals in the last 8-10 years for family/friends. So, one very strange thing that came up tonight was the MF. We were quoted 0.0021 for the buy rate and were told that the 0.0020 was if we put down one security deposit (one months payment down). I'm not sure if you've heard of this before or not. It was my understanding that Honda dealerships cannot mark up MF on leases AND they don't do MSDs, which is basically what this is, but you can only do one. Have you heard of this or can you confirm what we've been told is true? I'm a bit baffled. Probably going to call Honda Financial directly in the AM.
  • MichaellMichaell ColoradoPosts: 114,160
    caltman said:

    Michaell said:

    caltman said:

    techody said:

    Ya, I'm pretty sure those are 2017 model numbers which don't apply to this forum.

    Even though the title of this forum is 2018 Odyssey?
    Bother - you're both correct. I gave you the 2018 MF (.00200) but was looking at the 2017 residual table.

    Let's try again

    36/12 residuals:
    EXL NAV/RES - 61%
    Touring - 60%

    Subtract 2% for 15K
    Thanks Michaell! Got both residuals confirmed tonight at dealership like you said. We didn't get things done in time for August sale because they didn't have one of the two vehicles on site that we wanted. Nevertheless, we will be able to get one and can keep the same deals we got going into September.

    I've done about 10 Honda deals in the last 8-10 years for family/friends. So, one very strange thing that came up tonight was the MF. We were quoted 0.0021 for the buy rate and were told that the 0.0020 was if we put down one security deposit (one months payment down). I'm not sure if you've heard of this before or not. It was my understanding that Honda dealerships cannot mark up MF on leases AND they don't do MSDs, which is basically what this is, but you can only do one. Have you heard of this or can you confirm what we've been told is true? I'm a bit baffled. Probably going to call Honda Financial directly in the AM.
    I reviewed the information I have, and the dealer is correct - to waive the security deposit, the MF is bumped .00010. Else, the SD is the monthly payment, rounded up to the next highest $25.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • caltmancaltman Posts: 128
    caltman said:

    techody said:

    Ya, I'm pretty sure those are 2017 model numbers which don't apply to this forum.

    Even though the title of this forum is 2018 Odyssey?

    Sorry Techody, I misread your response. I see you saying that 2017 numbers were in wrong forum for 2018s. My bad.
  • caltmancaltman Posts: 128
    Michaell said:

    caltman said:

    Michaell said:

    caltman said:

    techody said:

    Ya, I'm pretty sure those are 2017 model numbers which don't apply to this forum.

    Even though the title of this forum is 2018 Odyssey?
    Bother - you're both correct. I gave you the 2018 MF (.00200) but was looking at the 2017 residual table.

    Let's try again

    36/12 residuals:
    EXL NAV/RES - 61%
    Touring - 60%

    Subtract 2% for 15K
    Thanks Michaell! Got both residuals confirmed tonight at dealership like you said. We didn't get things done in time for August sale because they didn't have one of the two vehicles on site that we wanted. Nevertheless, we will be able to get one and can keep the same deals we got going into September.

    I've done about 10 Honda deals in the last 8-10 years for family/friends. So, one very strange thing that came up tonight was the MF. We were quoted 0.0021 for the buy rate and were told that the 0.0020 was if we put down one security deposit (one months payment down). I'm not sure if you've heard of this before or not. It was my understanding that Honda dealerships cannot mark up MF on leases AND they don't do MSDs, which is basically what this is, but you can only do one. Have you heard of this or can you confirm what we've been told is true? I'm a bit baffled. Probably going to call Honda Financial directly in the AM.
    I reviewed the information I have, and the dealer is correct - to waive the security deposit, the MF is bumped .00010. Else, the SD is the monthly payment, rounded up to the next highest $25.
    Very interesting! I've leased BMWs for years. They removed their MSDs this year. With BMW, one security deposit would lower the MF 0.00007. This deal through Honda is actually better even if you only do one security deposit. Over three years, the saving would be about $7/mo or $252. Divide that by 3 years, and that's $84/yr on a $555 security deposit. If we left the $555 in a savings account, we wouldn't make $84 dollars in a year. I'm oversimplifying, but this is a bit intriguing.

    Has Honda always done this or is this new this year?

    Thanks!
  • MichaellMichaell ColoradoPosts: 114,160
    caltman said:

    Michaell said:

    caltman said:

    Michaell said:

    caltman said:

    techody said:

    Ya, I'm pretty sure those are 2017 model numbers which don't apply to this forum.

    Even though the title of this forum is 2018 Odyssey?
    Bother - you're both correct. I gave you the 2018 MF (.00200) but was looking at the 2017 residual table.

    Let's try again

    36/12 residuals:
    EXL NAV/RES - 61%
    Touring - 60%

    Subtract 2% for 15K
    Thanks Michaell! Got both residuals confirmed tonight at dealership like you said. We didn't get things done in time for August sale because they didn't have one of the two vehicles on site that we wanted. Nevertheless, we will be able to get one and can keep the same deals we got going into September.

    I've done about 10 Honda deals in the last 8-10 years for family/friends. So, one very strange thing that came up tonight was the MF. We were quoted 0.0021 for the buy rate and were told that the 0.0020 was if we put down one security deposit (one months payment down). I'm not sure if you've heard of this before or not. It was my understanding that Honda dealerships cannot mark up MF on leases AND they don't do MSDs, which is basically what this is, but you can only do one. Have you heard of this or can you confirm what we've been told is true? I'm a bit baffled. Probably going to call Honda Financial directly in the AM.
    I reviewed the information I have, and the dealer is correct - to waive the security deposit, the MF is bumped .00010. Else, the SD is the monthly payment, rounded up to the next highest $25.
    Very interesting! I've leased BMWs for years. They removed their MSDs this year. With BMW, one security deposit would lower the MF 0.00007. This deal through Honda is actually better even if you only do one security deposit. Over three years, the saving would be about $7/mo or $252. Divide that by 3 years, and that's $84/yr on a $555 security deposit. If we left the $555 in a savings account, we wouldn't make $84 dollars in a year. I'm oversimplifying, but this is a bit intriguing.

    Has Honda always done this or is this new this year?

    Thanks!
    I think this situation only exists when you are using the 'standard' MF from Honda.

    And yes, it's a pretty good return on your investment.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • You are probably right that it's on their standard (aka terrible) MF, as I've never seen this before. Guess it's their way of making a .002 MF slightly less painful.
  • MichaellMichaell ColoradoPosts: 114,160
    techody said:

    You are probably right that it's on their standard (aka terrible) MF, as I've never seen this before. Guess it's their way of making a .002 MF slightly less painful.

    Odysseys are popular, or so Honda seems to think.

    Have you checked out the Sienna? MF is as low as it gets, at .00001

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Looking for the September numbers, MF and residual for exl with nav/res and 36mo/12k. Thank you!
  • MichaellMichaell ColoradoPosts: 114,160
    techody said:

    Looking for the September numbers, MF and residual for exl with nav/res and 36mo/12k. Thank you!

    61% and .00200

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Wow, still nothing beyond .00200. These are the September numbers? May have to look at the Sienna like you said! My lease is up early November, so one more chance at it.
  • MichaellMichaell ColoradoPosts: 114,160
    techody said:

    Wow, still nothing beyond .00200. These are the September numbers? May have to look at the Sienna like you said! My lease is up early November, so one more chance at it.

    Yes, these are the new numbers for September.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Can you please post the new MF and residuals for Honda Odyssey Touring and Odyssey Elite in Southern California 12k/36mo?
  • MichaellMichaell ColoradoPosts: 114,160
    lacargirl said:

    Can you please post the new MF and residuals for Honda Odyssey Touring and Odyssey Elite in Southern California 12k/36mo?

    .00200 and 60% (Touring) or 59% (Elite)

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi, may I have the following lease numbers for Virginia?

    36/12 and 36/15
    EX-L, Touring, and Elite

    Thank you. 
  • kyfdxkyfdx Everywhere, USAPosts: 122,996
    edited September 2017
    civicext said:

    Hi, may I have the following lease numbers for Virginia?

    36/12 and 36/15
    EX-L, Touring, and Elite

    Thank you. 

    .00200 MF and 59%/57% residual for Elite
    Add 2% for Touring or 3% for EXL

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

    Edmunds Moderator

  • Looking for the October numbers, MF and residual for exl without nav/res and 36mo/12k. In Florida if that matters. Thank you!
  • MichaellMichaell ColoradoPosts: 114,160

    Looking for the October numbers, MF and residual for exl without nav/res and 36mo/12k. In Florida if that matters. Thank you!

    Honda program numbers are valid until 31 October.

    .00200 and 62%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 03qx03qx Posts: 35
    Hi. Can you please post residual & money factors for 36/15 for a 2018 Odyssey Elite in Southern California. Thanks
  • MichaellMichaell ColoradoPosts: 114,160
    03qx said:

    Hi. Can you please post residual & money factors for 36/15 for a 2018 Odyssey Elite in Southern California. Thanks

    .00200 and 57%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Would you mind providing the MF, Residual, and incentives for 2018 Odyssey EX in Northern VA? (36 mos, 12k miles) Thanks in advance!
  • kyfdxkyfdx Everywhere, USAPosts: 122,996
    j22md22 said:

    Would you mind providing the MF, Residual, and incentives for 2018 Odyssey EX in Northern VA? (36 mos, 12k miles) Thanks in advance!

    .00200 MF and 60% residual

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

    Edmunds Moderator

  • kbill07kbill07 Posts: 30
    2018 Exl with res and nav, elite, and touring models
    12k 36 months 
    need to know money factor,residual and lease cash?
  • MichaellMichaell ColoradoPosts: 114,160
    kbill07 said:

    2018 Exl with res and nav, elite, and touring models
    12k 36 months 
    need to know money factor,residual and lease cash?

    .00200 and 61% (EX-L Nav/RES), 60% (Touring) or 59% (Elite)

    No lease cash

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • zheckszhecks Posts: 45
    Hi, can you review the lease number for me? It seems high to me

    2018 Elite
    MSRP. $47,610
    Southern CA. LA county
    Sale Price: $43,250
    $0 down drive off
    12K miles / year, 3 years
    MF .0021. Residual 59%
    Monthly lease payment including tax: $685

    Does Honda require 1 payment as security deposit to bring the MF down to 0.0021? I think title is about $350.

    Thanks
  • MichaellMichaell ColoradoPosts: 114,160
    zhecks said:

    Hi, can you review the lease number for me? It seems high to me

    2018 Elite
    MSRP. $47,610
    Southern CA. LA county
    Sale Price: $43,250
    $0 down drive off
    12K miles / year, 3 years
    MF .0021. Residual 59%
    Monthly lease payment including tax: $685

    Does Honda require 1 payment as security deposit to bring the MF down to 0.0021? I think title is about $350.

    Thanks

    With those numbers, I get $571/mo plus tax.

    Ask the dealer for the adjusted cap cost, and make sure you understand what was added to and subtracted from the selling price to get that number.

    I thought one security deposit brought the MF down to .00200

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello,

    Can anyone share the money factor and residual for a 2018 Odyssey EX-L for a 24 month term and 12K miles/year?

    Thank you in advance!
  • kyfdxkyfdx Everywhere, USAPosts: 122,996

    Hello,

    Can anyone share the money factor and residual for a 2018 Odyssey EX-L for a 24 month term and 12K miles/year?

    Thank you in advance!

    .00200 MF and 68% residual

    62% residual for 36/12

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

    Edmunds Moderator

  • Hi can you please post MF and residual on 2018 odyssey touring, 36month/12k mile lease for zip code 10523?  Thanks in advance!
  • MichaellMichaell ColoradoPosts: 114,160

    Hi can you please post MF and residual on 2018 odyssey touring, 36month/12k mile lease for zip code 10523?  Thanks in advance!

    .00200 and 60%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • adrenergic1adrenergic1 Posts: 2
    edited October 2017
    Michaell said:
    Hi can you please post MF and residual on 2018 odyssey touring, 36month/12k mile lease for zip code 10523?  Thanks in advance!
    .00200 and 60%
    Thanks!  The manager of the dealership I'm working with showed me a binder that stated 0.0021 MF and 58%.  0.002 and 59% for a 24 month/12k lease.  Does that sound right?
    He quoted me $42870 purchase price.  I have a trade in worth $6K after the bank note is paid off.  He said he wasn't charging me any dealer fees, and tax, title and docs are not included in the purchase price.  He did say he had to charge a $640 acquisition fee.  I was quoted $516/month.  When he saw the look on my face he did say he would lower it to $499/month.  Does this sound right?  Sorry, I've never leased or traded in a car before.
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