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2013 and earlier-Honda Odyssey Lease Questions
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Comments
The residual value for a lease with 12,000 miles per year would be 2% higher.
The cash incentives for a lease of a 2013 Odyssey are actually $500 higher than they are for a purchase, so you should be able to get a better selling price if you lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with only 12,000 miles per year would be 2% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for the 2013 Touring Elite model are exactly the same.
Your interpretation of the incentives is correct. I'm not sure why Honda does it that way, but the total of $2,500 is correct.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
$0 down, 36 months, 12,000 miles/yr.
1. Money Factor: 0.00048
2. Residual Value:$19,109.15
3. Cap cost: $31,305.60
4. Fees: $200 Processing fee, 101.75 Tag and Title, $908.85 Taxes
5. Monthly payment (inclusive of 5% VA tax): $362
Thanks!
Odyssey EXL: $35,955 MSRP, Gross CAP cost: $32,705, minus $7,750 (trade in for 2009 Nissan Versa with 40K miles plus dealer credit) equals adjust CAP: $25,451. Residual: $19,056. Total fixed cost of lease: $14,914, total cost of lease with option to purchase: $33,970. Lease payments: $199 / month, 3 year lease, 12K miles per year. No money down, no fees. (Just the trade in).
$0 down, taxes (8.75%) included for 369/month.
1st months ($369)and NYS DMV ($220) due at delivery.... thats it.
The good deals are out there but you must be extremely aggressive. Don't believe anything the salesmen tell you and use the info from this forum's testimonials as gospel when negotiating.
- 299/mo payment; 36 months and 12k miles
- $5,000 down (that seems heavy)
and for a Touring Elite they did;
- 369/ mo for 36 months and 12k miles
- 5k down
- sell price of 38,500
FYI I just got a Town & County with NAV, DVD, etc for $299/mo with absolutely zero due at signing. The dealer paid for everything - tax, registration, first month's payment, etc.
If you put $5K down you never get a penny of that back. Do not do the deal.
*7 payments left on my Sienna of $515 and walk away with Odyssey for $515 for 36 months, 12k miles
Any advice?
I just got a vehicle exchange program from a local dealer. Has anyone used these programs and were you happy?
Also what kind of deals are people finding in CT, MA and NY? I'd like to get into an Odyssey for under $300 month, taxes included, trading back my Pilot and no other $ down. Need $15,000/miles/year.
Thanks, Mary
Brad
thx
Can you please provide lease rates for the 2014 Odyssey Ex-L, no Res, no Nav, 12K/year - 36 months. Appreciate your help, looking to get one this weekend, I will post my numbers for the forum.
It seems that the $380/month still there for the 2013 EX-L odyssey but how that works. The disclaimer says that the dealer needs to contribute with $2,500.00. If I have a quote OTD for $34,000 does it mean that the $2,500 is already included or this is "credited" with the financing department at the time of credit check, etc.
Also what is the money factor, net cap, residual value for a 36 month lease of a 2013-EXL Ody now in August.
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http://www.weymouthhonda.com/lease/?&code=RL5H6EJXW&year=2014
Use the drop down to change vehicle trims.
I hope that helps!
Hi Carman, could you please post the January/February lease rates for a 2014 Odyssey Touring Elite 36 months 15K. Thank you