2016 Honda Odyssey Lease Questions

kyfdx · December 2015

Ask your 2016 Odyssey lease questions here!

hsgz1234 · December 2015

Looking to lease 2016 Odyssey EX-L with navi in NJ. Could someone post the December numbers? What are the money factor and residual for December? Are there any current incentives? Thank you.

kyfdx · December 2015

hsgz1234 said:
Looking to lease 2016 Odyssey EX-L with navi in NJ. Could someone post the December numbers? What are the money factor and residual for December? Are there any current incentives? Thank you.

.00049 MF and 55% residual for 36mo, 15K/yr. $500 lease cash.

hsgz1234 · December 2015

Thank you. What are the numbers for 36/12?

kyfdx · December 2015

hsgz1234 said:
Thank you. What are the numbers for 36/12?

Add 2%

bobo8652806 · December 2015

I had agreed on price for a 2016 SE at $31,400 cap cost. Just noticed a lease special with 36/12k with no initial payment and 35 months at $370. My question is where does the first month payment come from. Does the dealer simply add this to the cap cost? How is the $500 lease cash applied? The dealer has said no lease cash.

kyfdx · December 2015

bobo8652806 said:
I had agreed on price for a 2016 SE at $31,400 cap cost. Just noticed a lease special with 36/12k with no initial payment and 35 months at $370. My question is where does the first month payment come from. Does the dealer simply add this to the cap cost? How is the $500 lease cash applied? The dealer has said no lease cash.

On the $0 due at lease signing deal, the dealer has to cover the first payment

jayhawker3 · December 2015

Looking for money factor and residual on 2016 odyssey EX-L with Nav in the Kansas City area. Also, any infer on lease cash, incentives and recent sales price. Thanks.

kyfdx · December 2015

jayhawker3 said:
Looking for money factor and residual on 2016 odyssey EX-L with Nav in the Kansas City area. Also, any infer on lease cash, incentives and recent sales price. Thanks.

.00049 MF and 53% residual for 36mo, 15K/yr. $500 lease cash.

hondalooker1 · December 2015

Can I get the latest numbers for a 2016 Odyssey EX-L 12K, 36 & 39 mo lease? Thanks.

Michaell · December 2015

hondalooker1 said:
Can I get the latest numbers for a 2016 Odyssey EX-L 12K, 36 & 39 mo lease? Thanks.

57% for 36/12; 55% for 39/12.

.00165 MF for both terms

$500 lease cash

ray11214ny · December 2015

I am in NYC and a dealer quote 54% residual for EX-L on 12k, 36 month lease, can I negotiate for 57%? Anyone in NYC has leased a 2016 Odyssey EX-L? Thanks.

Michaell · December 2015

ray11214ny said:
I am in NYC and a dealer quote 54% residual for EX-L on 12k, 36 month lease, can I negotiate for 57%? Anyone in NYC has leased a 2016 Odyssey EX-L? Thanks.

Residual values are set by the bank and cannot be modified or negotiated.

However, my numbers show either 57% (EX-L) or 55% (RES or NAV) for 36/12 on the 2016 Odyssey.

ray11214ny · December 2015

Thanks Michaell for the reply. I am new to this lease thing and am wondering if location makes a difference. The current quote I get is the following:
$449 for 36 months, tax included, with $0 down, 12k miles per year.
$749 due at signing for first month payment and DMV fees.
Is this a good deal?

Michaell · December 2015

ray11214ny said:
Thanks Michaell for the reply. I am new to this lease thing and am wondering if location makes a difference. The current quote I get is the following:
$449 for 36 months, tax included, with $0 down, 12k miles per year.
$749 due at signing for first month payment and DMV fees.
Is this a good deal?

We would need to know the MSRP and the net cap cost (selling price + taxes, fees - down payment) to know for sure.

ray11214ny · December 2015

MSRP $36825, selling price $33742, tax rate is 8.875%, no down payment
I have also noticed that 2016 Odyssey SE has 57% residual for the $370/month 36/12k lease deal, but only 55% residual value when I try to negotiate a 36/10k lease. Very strange.

lionking2016 · December 2015

Looking for December's money factor and residual on 2016 odyssey EX-L with Nav in Maryland for 36mo, 15K/yr.

kyfdx · December 2015

lionking2016 said:
Looking for December's money factor and residual on 2016 odyssey EX-L with Nav in Maryland for 36mo, 15K/yr.

.00049 MF and 53% residual. $500 lease cash

lionking2016 · December 2015

Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?

Michaell · December 2015

lionking2016 said:
Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?

New numbers were released on 10 December.

kyfdx · December 2015

lionking2016 said:
Thanks kyfdx. Earlier on this board your answer to the same trim in December was 55% for NJ. The difference 2% comes from location or time of the month? Another question is this; Two Honda dealers in Baltimore quoted me different residual %-- one said 55% residual for 15K and another said 53% for the same mileage/yer-- could it be possible to face a higher residual % than MD rate (53%)?

I don't think the residuals changed on December 10th. It's possible that I missed the "with NAV", the first time. 53% is definitely correct for 36/15 for the 2016 EX-L with NAV.

Without NAV, it's 55%.

jayhawker3 · December 2015

sorry for redundancy. How 'bout MF and residual, leash cash on 2016 Odyssey EXL (without nav) 36mo, 15k

kyfdx · December 2015

jayhawker3 said:
sorry for redundancy. How 'bout MF and residual, leash cash on 2016 Odyssey EXL (without nav) 36mo, 15k

.00049 MF and 55% residual. $500 lease cash.

waltershaw · December 2015

How does this look? Offer from Raleigh dealer on EXL Nav. (36/12)
MSRP: 38805
sales price: 34695
dealer admin/Honda acquisition fee(?) 649, 595
cap cost: 35939
MF: .00049
Residual: 21,358 or 55 percent
payment with NC sales tax: 446/mo

zero due at sign

Michaell · December 2015

waltershaw said:
How does this look? Offer from Raleigh dealer on EXL Nav. (36/12)
MSRP: 38805
sales price: 34695
dealer admin/Honda acquisition fee(?) 649, 595
cap cost: 35939
MF: .00049
Residual: 21,358 or 55 percent
payment with NC sales tax: 446/mo

zero due at sign

Those numbers give me $433.52/mo + tax.

What is the tax rate?

waltershaw · December 2015

That 446 includes tax, sorry.

Michaell · December 2015

waltershaw said:
That 446 includes tax, sorry.

Your deal looks pretty solid, then.

nj323ci · December 2015

Hi all,

Looking for MF and Residual for touring and touring elite 36/12 please in NJ.

Thanks in advance for the help.

kyfdx · December 2015

nj323ci said:
Hi all,

Looking for MF and Residual for touring and touring elite 36/12 please in NJ.

Thanks in advance for the help.

.00049 MF and 52% residual. $500 lease cash.

nj323ci · December 2015

kyfdx said:

Hi all,

Looking for MF and Residual for touring and touring elite 36/12 please in NJ.

Thanks in advance for the help.
.00049 MF and 52% residual. $500 lease cash.

Thanks. So it seems that the EXL w/ navigation would be the better option financially since the Residual is slightly higher.

kyfdx · December 2015

nj323ci said:

kyfdx said:

nj323ci said:
Hi all,

Looking for MF and Residual for touring and touring elite 36/12 please in NJ.

Thanks in advance for the help.
.00049 MF and 52% residual. $500 lease cash.

Thanks. So it seems that the EXL w/ navigation would be the better option financially since the Residual is slightly higher.

Yes.. 3% higher is substantial.

andykirby · January 2016

What is the January 2016 money factor and residual for a 2016 Odyssey EX-L RES-12,000 miles/36 month term?

Michaell · January 2016

andykirby said:
What is the January 2016 money factor and residual for a 2016 Odyssey EX-L RES-12,000 miles/36 month term?

Current Honda numbers expire today, 1/4/16. New numbers should be available later this week.

pharmb · January 2016

When available, could I get numbers on a 2016 EX-L 12/36. Most recent numbers gave me a payment with tax at $405. Sale price 34200+ destination and assuming -1,000 for my trade, cap cost at 33,700. Does that seem reasonable? Thanks in advance.

Michaell · January 2016

andykirby said:
What is the January 2016 money factor and residual for a 2016 Odyssey EX-L RES-12,000 miles/36 month term?

55% and .00049. $1250 lease cash.

Michaell · January 2016

pharmb said:
When available, could I get numbers on a 2016 EX-L 12/36. Most recent numbers gave me a payment with tax at $405. Sale price 34200+ destination and assuming -1,000 for my trade, cap cost at 33,700. Does that seem reasonable? Thanks in advance.

.00049 and 57%. $1250 lease cash.

What is the MSRP?

pharmb · January 2016

Michaell said:

pharmb said:
When available, could I get numbers on a 2016 EX-L 12/36. Most recent numbers gave me a payment with tax at $405. Sale price 34200+ destination and assuming -1,000 for my trade, cap cost at 33,700. Does that seem reasonable? Thanks in advance.
.00049 and 57%. $1250 lease cash.

What is the MSRP?

MSRP $36,950

kyfdx · January 2016

pharmb said:

Michaell said:

pharmb said:
When available, could I get numbers on a 2016 EX-L 12/36. Most recent numbers gave me a payment with tax at $405. Sale price 34200+ destination and assuming -1,000 for my trade, cap cost at 33,700. Does that seem reasonable? Thanks in advance.
.00049 and 57%. $1250 lease cash.

What is the MSRP?
MSRP $36,950

I get $378/mo.+tax.

canowps · January 2016

Wanted to share my lease experience on a 2016 Touring Elite here in the Bay Area to add to all the great information here. My situation was a bit more unique as our lease on a 2013 Elite was ending next month. We planned on taking out a two or three year loan to buy out the lease. With loans rates around 3% for lease buyouts versus 1.176% for a new lease through Honda along with the perks of a warranty and new car smell, leasing a new Odyssey was tempting.

I got my 2013 Odyssey under a very rare situation where I got a dealer to quickly agree to the invoice price, less any incentives at the base money factor. I did not think I’d be as lucky this time, especially because I had a leased car to turn in. I decided to try just one time with my nearest dealer to see if they could apply the equity in my leased Odyssey and combine it with any incentives and discounts they wanted to apply to end up with a new 2016 Elite lease with only the first month’s payment, title and lease fee out of pocket and stick with my monthly fee of $530/mo including a 8.75% sales tax. I managed to get my 2013 Odyssey at this monthly payment for about $1200 out the door. Based on the deals other people were getting here, I felt it should be fairly easy to get the same deal with at least $3k in equity on my 2013 Odyssey as trade in.

It took a couple rounds of negotiation. It really helped that I was completely ready to walk out and buy out our 2013 Odyssey. In the end here’s what we ended up with. You can do the math to get specific numbers. I left it up to them to determine the right balance of discount on the 2016 Elite and equity on the 2013 Elite to get to the monthly payment I wanted.

MSRP $45,650
Negotiated Price $41,200
Cap cost reduction $562 (portion taken from trade-in)
Final monthly lease was $562/mo including a 8.75% sales tax at 12k miles/yr for 36 months
$0 out of pocket. They gave about $1600 in trade-in for the 2013 Elite which they applied towards cap cost reduction, first month’s payment, title and lease fees. So $30/mo more but, $0 out of pocket.

I was very happy with this deal as I got it done in about three hours and didn’t have to visit and talk to multiple dealers. I could have bought out the 2013 Elite and tried to sell it myself to get the $3-4k in equity and search far and wide to find a dealer to sell me a 2016 Elite at invoice less incentives but that would have take at least two weeks to complete and hours of time.

So one point I’m trying to make is don’t give away your equity on your leased Honda especially if you want a new one. Our 2013 Elite had a few hundred dollars of mild dents and scratches we would have been charged for if we just turned it in at lease end. Instead we got back $1600 in trade-in and avoided my last two payments. The buy out on the 2013 Elite was about $23k and local dealers were asking $28-29k for them as CPO models.

One more tip on your Honda shopping is to google “Weymouth Honda” which gives lease payments based on base money factors and invoice pricing to quickly find a low price to base your negotiations on.

bobsparrow · January 2016

MF/Residual any incentives on the 2016 SE, NYC?

36/12K

Thanks in advance!

Michaell · January 2016

bobsparrow said:
MF/Residual any incentives on the 2016 SE, NYC?

36/12K

Thanks in advance!

.00049 and $1000 lease cash.

36/12 residual on the SE is 57%

lsughost · January 2016

Can I get the MF, Residual, and Incentives on the LX and EX models for 36/12 in Louisiana? Any benefits to 39 months? Thanks!

kyfdx · January 2016

lsughost said:
Can I get the MF, Residual, and Incentives on the LX and EX models for 36/12 in Louisiana? Any benefits to 39 months? Thanks!

.00049 MF and 57% residual for either model. $1000 lease cash.

Residuals for 39 months are 2% lower. Not worth it, IMO.

twolip06 · January 2016

Can I get the MF, Residual, and Incentives on the EX-L model, w/ rear entertainment, for 36/12 in Dallas, TX? Thanks!

Michaell · January 2016

twolip06 said:
Can I get the MF, Residual, and Incentives on the EX-L model, w/ rear entertainment, for 36/12 in Dallas, TX? Thanks!

55% and .00049. $1250 lease cash.

MiguelLira · January 2016

I'm looking to lease a 2016 Odyssey EX-L with RES in NY. Could someone post the January numbers for 36/12K? What are the money factor and residual? Are there any current incentives? Thanks in advance.

Michaell · January 2016

MiguelLira said:
I'm looking to lease a 2016 Odyssey EX-L with RES in NY. Could someone post the January numbers for 36/12K? What are the money factor and residual? Are there any current incentives? Thanks in advance.

Look at the post directly above yours ...

bobsparrow · January 2016

Thanks

MiguelLira · January 2016

Thanks @Michaell. Sorry, I assumed the numbers differ by state.

Michaell · January 2016

MiguelLira said:
Thanks @Michaell. Sorry, I assumed the numbers differ by state.

Nope, Honda numbers are national.

padoo · January 2016

what are the nos for touring 12K/36 CA?

2016 Honda Odyssey Lease Questions

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