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2013 and earlier-Honda Odyssey Lease Questions
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Would I get a worse deal on the 2011 depreciation wise because it is already a year old?
Any help is greatly appreciated...
Thanks....
Just to compare, after back and forth haggling, I was given $590 for 2012 Touring Elite, 36 m, 12 k, 0 OOP in NJ but not signing yet.
So $1,500 dwn and $500/m for the Touring doesnt sound bad.
Someone from NC got the Elite for $510/m and that is excellent but given the MF, RV, etc, $510 is hard to reach.
I would like to know who else got a similar great lease deal in either NY or NJ.
$38,097.00 (Touring) +
$1,395.57 (for the options)
= $39,492.57 + tax, doc fee and DMV fees.
moonroof visor
door edge guards
roof rails
crossbars
all season floor mats
remote start
I feel I got a "good deal" only because the other dealer could not even match the quote. The other deal was $399 a month and this dealer was $325 a month. But this was mainly because of the amount I was offered for my trade. It was a $3200 difference.
The numbers for an otherwise identical lease of an EX-L are .00138 and 57%.
Car_man
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2012 Touring 36mo 12K mi Money factor of .00138 and 56%
2012 Touring Elite 36mo 12k mi money factor of .00138 and 56%
Car_man
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Could you please tell me the rates for an EX-L with 12,000 miles per year? Thank you!
Car_man
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Deal # 1:
LX is @ 350 per month for 35 months with 0 down and one free payment.
Deal # 2:
LX is at $299 per month for 36 months with $2k down.
If I punch in the numbers into lease calculators, i get an interest rate lower than 3.312% (0.00138 * 2400) but perhaps I am not doing this math right.
Thanks!
I see some people posting about their lease details but not the details I am looking for
I want to know the Money Factor as well as the Residual on a 2012 Odyssey EX-L with RES can I get details for
1. 36mo & 12k/yr
2. 36mo & 15k/yr
3. 39mo & 12k/yr (if possible)
4. 39mo & 15k/yr (if possible)
Greatly appreciate it! is there anywhere online where this information is readily available? Thanks again!
if anyone has leased one, would you be kind enough to post up your figures? (down/price per month/ due at signing etc)
Could you please tell me the rates for a Touring for 36 months - 12k / 15k miles? Thanks!
Honda's special lease program is only available for up to 36-months, so its 39-month month factor jumps to .00185. The 39-month, 15k residual for this vehicle is 54%.
The residual values for a lease of this truck with only 12,000 miles per year would be 2% higher.
Car_man
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
Car_man
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Does anyone know if the lease numbers change if leasing a leftover 2011 model?
One of our local dealers has a couple left that we might be interested in. Based on our research on edmunds, truecar, etc. we're pretty sure we can get a good deal on the car. However, I'm wondering if the savings get negated if the money factor and residual value are less attractive.
missed February's rates, can you reply with March numbers?
Residual/money factor for march on a EX-L with RES
- 12k, 3 yr
-15k, 3 yr
thanks car man!
2012 EX L
Opt 1: 60 mo/15k miles 31,900 cap cost
3500 down, 424 mo based on 6k residual
Opt 2: 60 mo/15k miles 34500 cap cost
2650 down (ttl and 1st month) 399 mo 14k residual.
Money factor of .00139
I have good credit over 750 but trying to keep initial cost and monthly payments low for now. I kept my expedition for almost 12 years and 190k miles so I know how to treat cars.
My plan was to lease this with intention of buying it out at end.
Are figures normal and does anyone have any suggestion on my plans or negotiations? I would buy but don't want to lock myself into $600 month payments.
Thank you.
Car_man
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The residual value for a lease with only 12,000 miles per year is 2% higher.
Honda is now providing $500 dealer cash and waiving the first payment on leases of this van.
Car_man
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Could you provide lease numbers for EX-L as well? And the number you provided above for EXL-RES seem lower than the lease special numbers that Honda has advertised. Currently, the lease special for both LX and EX are at 60% residual. I am looking for an EX-L and wondering how to get the 60% residual extended to EX-L as well. We just need 12k numbers as we will likely buy out the car at the end of the lease.
LX is $299 for 36 months plus tax with 1999 down. MSRP=29035. Residual=17421
EX is 309 for 36 months plus tax with 2399 down. MSRP=32285. Residual=19731
It goes like this, please check my numbers: $32,285 msrp, $31,316 sales price, $2,399 paid by you at signing, $595 acq fee added in to the total = net cap cost of $28,512, 36 months, 12k miles, mf = .00115, residual (60%) = $19,371 = lease payment of $308.99 not including tax. Where does your math differ from mine? This is my best estimate, I'm not positive it's correct.
To extrapolate a $989 over invoice selling price for a lease on an EX-L, the numbers are $35,685 msrp, $33,388 sales price, $2,399 paid by you, $595 acq fee added, net cap cost $31,584, 36 months, mf = .00115, 12k miles, residual (57%) $20,340 = payment of $372.03 not including tax
Can you please provide Residual Value and Money Factor for March 2012 on a 2012 Honda Odyssey Touring 36 month lease with 12,000 miles per year?
Also, any dealer incentives currently offered on this model?
Thanks.
thanks!
MSRP: $35685 including destination
Selling Price: $31500 inclusive of destination
MF: 0.00115
Residual 57%
Car_man
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Honda is providing $500 dealer cash on this van right now.
Car_man
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http://www.leaseguide.com/calc.htm
Just my two cents.
I'm new to leasing, so should my target sale price be similar to what others are paying to finance an EX-L?
LX and EX are at 60% based on current honda special
EX-L are at 57%
EX-L Navi are 56%
Sales Price: $32,452 (inc dest)
Acquisition Fee: $595
All Other Fees :$448 (includes reg, title, docs, inspection)
Residual: 56% off the $37,685 MSRP = $21,103.60
MF: .00103 (they made a mistake instead of using .00115...but they honored it)
Sales tax in Mass is 6.25%
I put $3000 down to reduce the cap cost
Bottom line: After paying the fees, down payment and tax I basically walked out paying $3,635.50 with a monthly payment of $319.94. Honda picked up the first month and the dealership is covering my first oil change.
Not bad, right? :-) The sales manager was fantastic - got what I was looking for and just made it a smooth transaction.
Can you please let me know the residual, money factor and if there are any promotions going on right now for a 2012 Touring Elite? Also, I have a 2009 Odyssey coming off of lease. I understand there is a $2K promo and another $1K promo or something like that?
Thanks a bunch!
Also - I asked to up the mileage to 15K/yr and was quoted $469. Seems too high, so I countered with $450/mo and the dealer balked.
Honda is currently providing a $500 dealer cash incentive on the '12 Odyssey plus it is waiving the first month's payment on leases of it. You should be able to negotiate a dealer discount on top of that.
Car_man
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I am in Rochester, NY. I am looking to lease a new 2012 Odyssey, LX in Smokey Topaz. I have a 2006 Honda CRV EX to trade, with 106,000 miles and I owe $3,923. (this was a previous lease buyout from the same dealer I am working with for the Odyssey) Here is what they are telling me, and I will try my best to explain as I am still trying to wrap my arms around the terms:
Cap Cost is $32,995
(price of van at $32,455 plus $595 acq fee and $75 DMV fee)
Cap Cost reduction of $4,874
(they are offering me $9,800 allowance for my trade - minus what I owe and using a portion for taxes and "other fees" which they say total around $1,315.) I am confused here as the numbers don't seem to add up.
Nothing out of my pocket, and Honda will pay the first payment.
This is for a 15,000 mile a year lease. They say the residual value is $18,823. They are "throwing in" the cargo tray and all weather mats.
Payments will be $312 a month for 36 (really 35) months. There is a good chance I will buy it out in the end.
I think I need to negotiate the base price of the car, because they are charging me MSRP. I don't know how to do this, and I am a woman, single mom to three kids, including newborn twins - I just really feel like I am being taken for a ride. I am questioning them about the numbers and they seem very fuzzy about it all. I don't know what to do. I want the van, but I feel like I am not getting full value of my CRV, plus they are charging me full price for the van. I called another dealership and they said it was a good deal, but I am not convinced.
The adverstised deal they are offering is $287 a month for the EX with a $12,000 mile 36 month close end lease. $1,500 trade or cash down, fees, first payment, taxes due at signing. Honda pays first payment.
Any suggestions?? The current deal ends by Monday, and I want to make a decision today or tomorrow.
Thank you for your help!
(1) Start afresh. Do not follow through with this deal.
(2) Go to cars.com and contact dealers in your area. The reason i prefer third party site is you can send a message to the dealer whereas from honda's website, you cannot send a message to the dealer and that puts the ball on dealers' court to play in their favor.
(3) In the message, state you want an EX in the specific color and you are willing to pay xxx. The amount should be Invoice minus at a minumum $1000 to account for factory rebate. Others here have done much better than this but that will require negotiation skills.
(4) In the message, do not mention trade or first payment credit. Just get them to agree on the price.
(5) Once the price is agreed, mention your trade and tell them exactly what you want for it.
(6) Once the trade is agreed, then mention that you want to lease and give them the money factor you want them to give you. Money factor is published here on this forum.
It is approaching end of month so there will be extra incentive for dealers to meet your price. Don't stress over this and enjoy this experience. Remember, if you ever feel the dealer has the upper hand in the transaction, just start again with new dealer.
Hope this helps.
And - for my trade, at what point do I mention that I owe money on it?? After they agree on a trade price for me?
As for trade, you should mention the loan balance once you have settled on the purchase price and you have moved on to trade pricing negotiation.
Lastly, i am hopeful others here can chime in on money factor for April. Ours was bought in March so it won't be applicable any more.
This is the first time I am going to lease a car and try to do things correct.
Here the details I have so far. I went to 2 dealership and there were difference between them, one told me $437 and the other $ 380 a month. Yesterday I found this forum and I hope someone can help me.
I am looking for 2012 Odyssey EX-L with these terms:
1. $5000 down payment
2. 36 month lease & 12k/yr
I would like to know how much should I be paying a month all included, I believe I need to know the fees, Money Factor and Residual value, the tax is 8.75%/
I really appreciate is there anywhere online or someone can get me the information.
Thanks again!
if anyone has leased something like this, would you be kind enough to post up your figures?
Thanks
http://www.leaseguide.com/calc.htm
Your payment should be within $5-$10 of what this site tells you. It likely won't be exact because dealer puts in misc charges that you don't find out about until the day of sale.. tire disposal fee, etc.
Thanks
I bailed on the first dealer and started over. They gave me a hard time doing that, tried to come back and offer me $30,695 for the van, but then changed the allowance for my trade to $7,500!! That made the monthly payment exactly the same, but they tried to make it sound like they were discounting the van as a favor. AND - made me feel guilty for asking for the mats/tray!! "that is money out of our pockets that we are giving you, you won't find a better deal elsewhere, blah blah"
Did exactly what you said to do, and this is what I ended up with:
Odyssey EX with cargo tray and all weather mats
Selling price of $29,000 (This was my initial offer to them, and I probably should have gone lower......but for my area I believe this is a great price)
They gave me $10,000 for my CRV, paid off the $3900 I owed.
Nothing out of my pocket - $226 a month, 36 months, 15K a year.
No haggling at all, super nice dealer, and it was a fantastic experience.
It still blows my mind how the other dealer treated me and how I ended up with the same exact van for $3,500 less and more money for my trade, and my payments are almost $100 less per month!! I used leaseguide.com, edmunds, and trucar for my reference numbers. I am very happy. Thanks again!!