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2013 and earlier-Honda Odyssey Lease Questions
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Honda Finance's December buy rate lease money factor and residual value for a 36-month lease of a 2013 Odyssey Touring with 12,000 miles per year are .00155 and 52% for consumers who qualify for its top credit tier.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Let's work up a payment on this van for you. According to my calculations, if you were to lease a 2013 Odyssey EX-L with RES that has an MSRP of $37,655 and a capitalized cost of $35,430 through Honda Finance right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $506.
Car_man
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Unfortunately, i do not know if anyone and everyone can lease through BFCU as they do require membership, but it may be something to look into.
36 months @15k a year
$50 down
$435 a moth (tax included)
Turning in end of lease 2010 EX
I can understand if you are going from owning your car and want to start leasing, I think their is a sales tax benefit in some states. I also believe with Honda single pay leases, you get a much reduced money factor.
Try to sell your current car yourself and you will be further ahead.
Good Luck
I was able to get some positive equity out of my Odyssey when I traded it in early. I used that equity to reduce the cap cost. I've got a '12 EX-L RES for $399 a month, including tax.
Car_man
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Looking at leasing a Touring or Touring Elite. I was hoping to confirm an equivalent interest of 1.3% or 1.54% for a 36 mo lease that I found online (both are listed) good through 03/04/13. Also wondering what the residual is for 10k mi/yr for the Elite and Touring.
http://www.weymouthhonda.com/lease/?&code=RL5H4DEW&lmileage=15
Looks like residual for a Touring or Touring Elite at 12k mi/yr is 51% with a money factor of 0.00064.
Honda finance's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Odyssey Touring with 10,000 miles per year are .00064 and 52% for consumers who qualify for its top credit tier.
The numbers for the Touring Elite are exactly the same.
There is a $500 cash incentive on both of these vans right now.
A money factor of .00064 is equivalent to an interest rate of around 1.54%.
Car_man
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Is the lease rate (2013 Odyssey Touring Elite) money factor / residual value for 36-month lease the same for the month of February (0.00064 and 52%)?
Need a mini-van in 2 weeks. As always, this is the place I check before buying any cars.
Also, I live in CA, I see some out of state dealers are discount the 2013 by $5000. can I expect the same in So. CA?
thanks...zhecks
Thanks for all the info - your service is great!
What is Honda Finance's February buy rate lease money factor and residual value for a 36-month lease of a 2013 Odyssey EX for both 12K & 15K miles per year in Florida?
Southern California is a very competitive market. I don't see why you wouldn't be able to get as good a deal there as someone would in any other part of the country.
Car_man
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Honda Finance's buy rate lease money factor and residual value for a 36-month lease of a 2013 Odyssey EX with 15,000 miles per year are .00064 and 55% for consumers who qualify for its top credit tier.
The residual value for a lease with 12,000 miles per year would be 2% higher.
Car_man
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What about an EX-L with navi.
12k/36 months.
Whats resid and money factor
Thanks!!
I turned in my 2010 EX-L lease with one payment remaining, the dealer absorbed the last payment.
I got a 2013 EX-L, no navi or dvd. 12k miles/yr.
I put down $2200 including taxes and my payment is $389/month.
On my 2010 EX-L I put down about the same and I was paying $372/month.
I don't know if I got the best deal around, but I didn't have to haggle very hard and I feel comfortable where I ended up. Hope this helps others shopping around.
I am new to both this site and to leasing and am hoping for some guidance. We're looking to lease a 2013 Odyssey EX-L, 12k miles a year, no money down. I have an 04 Acura TSX as a trade in with 170k miles on it (a ton, I know, but it is what it is). The best lease deal I've been quoted so far is $384/month for 36 months with the Acura as trade in to cover tax, title, etc., plus I'd owe the first month's payment at signing. Is this a good deal? Again, I've always bought, not leased cars, so I have no idea how to compare. I do not want to sell the Acura on my own, as I don't want to deal with the hassle and I know I'm taking a hit by trading it in, but I just want to know how this overall deal looks to someone more educated than me. Thanks so much in advance! -Greg
MSRP
Selling Price
Money Factor
Residual
Detailed Fees
Do you have a carmax near you or a dealer that will buy your Acura? Try to get a quote from them to make sure you are getting maximum value for your trade-in
Also - going to be checking out the Nissan Quest - so will be posting questions in the lease forum there as well.
Park Honda quoted me $359 a month for 12k mile/36 month lease $0 down. That does not include taxes.
I have a 2010 EX to turn in with 29k miles. My payment is $339 with taxes and that includes one month roll over payment from previous car.
Can I negotiate at all, since the car has lower miles than anticipated? Park is saying they don't set the prices, Honda does.
Thanks
I had an '07 Odyssey that I traded in a few months early for a '10 and because the vehicle was in such good condition, I asked for $1k in positive equity that I used to reduce the cap cost on the new one. I could have asked them to cut me a check and pocketed that but decided to use it to reduce my cap cost. Ended up in an EXL-RES for $399 a month, tax included.
Good luck!
I Am thinking no one wants my van. It has some dings, but Honda has said no excessive wear and it's 7k miles less than what it should be. Someone is going to make money on this car and it's not me.
Everyone seems to be getting a deal on this forum. Maybe there are no deals to be had in Ohio.
My next step is to see if HFS will let me extend my lease.
When negotiating your deal on this van, make sure to take advantage of the $1,500 dealer cash that is currently available on it.
Car_man
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This drop in residual values is partially offset by an increase in the dealer cash that is available on this van from $1,000 on the EX to $1,500 on the EX-L.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Your insight is the best. Could you update us on "post March 4th" incentives available and lease rates on a 2013 Odyssey EX-L w/RES? Specifically, is there still $1,500 dealer cash? What is the residual and money factor on a 36 month/10,000 mile/yr lease? Thanks so much for leveling the playing field.
I have read some postings where dealers wanted as much as, over $600 per month for a lease.
In the real world, what might I expect to pay for a bare bones 2013 Ody LX, out the door with all fees etc. included?
I know that it would vary from dealer to dealer but I'm looking for a realistic average number.
Honda Finance's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Odyssey EX-L with RES and 10,000 miles per year are .00048 and 53% for consumers who qualify for its top aka "Super Preferred" credit tier.
Car_man
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I'm looking at a 2013 Odyssey w/ RES lease for 36 month and 12k miles/year.
What should I expect to pay with a 700 credit score?
Thanks!!!!
$324/mo for 36 mos 12,000 miles per year with $1000 down and $1944 due at signing (which includes the $1000 down) Residual value $18696 and money factor .000048. There is no sales tax.
I am also confused...I asked about buying more miles and they said it is $0.10 per mile or I can go up to a 15,000 mile per year lease for $344 per month. It seems cheaper to buy the miles than go with the 15,000 mile per year lease. What am I missing here?
Also, I recommend using carwoo.com it gets all the local dealers to compete for your business.
I'm in Cleveland Ohio.
Anyone have a rough approx. on monthly payments?
Thanks in advance.
For EXL (no NAV or Entertainment), 12,000/yr, 36 mos. $1534.06 total down, $331.02/mo. He's says it's based on the following:
MSRP: $36,055
Selling price: $31,006
My calculations on this lease with the .00048 money factor and 53% residual come out with a much higher monthly payment. $370. What am I missing? I don't want to call him on it b/c it seems like such a great deal. He has spelled out everything except for the money factor and residual value he used.
The up front fees are a little high and include a $499 doc fee and $35 reduction tax (doesn't that mean I'm paying some cap cost reduction here?)
Please tell me what you think of this deal, and if I'm missing something.