2016 Honda Odyssey Lease Questions

jeremyaz · October 2015

Can someone post the current money factor and residual value for the current 2016 Honda Odyssey Touring Elite program?

kyfdx · October 2015

jeremyaz said:
Can someone post the current money factor and residual value for the current 2016 Honda Odyssey Touring Elite program?

.00070 MF and 51% residual for 36mo, 15K/yr. $500 lease cash.

tdemoss18 · April 2016

Can you post the April MF and RV for a 2016 honda odyssey exl w/res in Ohio/Kentucky for 36 months/12 k miles.

kyfdx · April 2016

tdemoss18 said:
Can you post the April MF and RV for a 2016 honda odyssey exl w/res in Ohio/Kentucky for 36 months/12 k miles.

April numbers won't be out until April 5th. Current program runs through Monday.

tdemoss18 · April 2016

Thank you for confirming as the dealership I was at last night said I had to sign last night to get the deal! Thanks!!

Michaell · April 2016

tdemoss18 said:
Thank you for confirming as the dealership I was at last night said I had to sign last night to get the deal! Thanks!!

Of course they'll tell you that. They want to sell you a car.

adams798 · April 2016

Numbers out yet for April? SE 12/15k?

csch790 · April 2016

I'm also looking for April info on an SE. I was hoping Honda would be offering a special lease deal in April but even the LX deal was taken down this morning.

adams798 · April 2016

Yea I maybe they're making the deals better or worse

Michaell · April 2016

adams798 said:
Numbers out yet for April? SE 12/15k?

The Honda numbers I have are valid from 3/1/16 to 5/2/16 - so, at the moment, no changes for April. But, that could change.

36/15 numbers for the SE are 54% and .00041. $1000 lease cash and $250 bonus lease cash. Add 2% for 12K.

csch790 · April 2016

What is the lease cash and bonus lease cash? I don't see it advertised anywhere. Is that a dealer incentive that they can pass along to the customer if they choose to?

Michaell · April 2016

csch790 said:
What is the lease cash and bonus lease cash? I don't see it advertised anywhere. Is that a dealer incentive that they can pass along to the customer if they choose to?

That is exactly what it is.

ayatsil · April 2016

I just received a lease offer in Southern California for a 2016 Odyssey SE. $2,999 drive off (including: 1st payment, $0 security deposit, tax, license, and fees based on 8% tax rate) and $279/month lease with 12k miles/year. Does this sound too good to be true? MSRP is $34,400.

Michaell · April 2016

ayatsil said:
I just received a lease offer in Southern California for a 2016 Odyssey SE. $2,999 drive off (including: 1st payment, $0 security deposit, tax, license, and fees based on 8% tax rate) and $279/month lease with 12k miles/year. Does this sound too good to be true? MSRP is $34,400.

Answered in the other thread you posted in

sk8tr220 · May 2016

Looking for Residual, MF, and incentives for 2016 Odyssey SE in North Carolina. 36mo/12k Sign and Drive if available.

kyfdx · May 2016

sk8tr220 said:
Looking for Residual, MF, and incentives for 2016 Odyssey SE in North Carolina. 36mo/12k Sign and Drive if available.

.00031 MF and 56% residual for Sign and Drive.

$1000 lease cash + $250 bonus lease cash

wardong26 · May 2016

What is the Residual, MF and incentives for 2016 Oddysey SE in North California for 36/12k sign and drive if available? Thanks In advance

Michaell · May 2016

wardong26 said:
What is the Residual, MF and incentives for 2016 Oddysey SE in North California for 36/12k sign and drive if available? Thanks In advance

56% and .00041 (.00031 for sign and drive)

$1250 total lease cash available

burtmtn · July 2016

Looking to lease a 2016 Honda Odyssey for a 36/12 in North Carolina. Received the following quotes:
LX: 25,545 Cap, 16665 Residual, 3294 Down (including taxes), $269 a month
EX: 28,870 Cap, 18397 Residual, 3294 Down (including taxes), $317 a month
SE: 29,730 Cap, 19497 Residual, 3294 Down (including taxes), $311 a month

We would love more features; which deal is the strongest?

Michaell · July 2016

burtmtn said:
Looking to lease a 2016 Honda Odyssey for a 36/12 in North Carolina. Received the following quotes:
LX: 25,545 Cap, 16665 Residual, 3294 Down (including taxes), $269 a month
EX: 28,870 Cap, 18397 Residual, 3294 Down (including taxes), $317 a month
SE: 29,730 Cap, 19497 Residual, 3294 Down (including taxes), $311 a month

We would love more features; which deal is the strongest?

First, we don't recommend putting any money down on a lease other than to cover up front costs (bank fee, dealer fee, first payment, DMV costs)

Second, I'm pretty sure that NC taxes the monthly payment. I'd ask for a full accounting of what the $3294 covers.

Third the lease numbers on the three trim levels are all the same - 55% and .00036

Last, we would need to know the MSRP for each vehicle in order to run the numbers.

burtmtn · July 2016

Michaell,
Thanks for the reply and patience (my first time leasing). I'm looking at a no down payment option, based on further investigation and advice on your advice and other forums. I appreciate your response and will post again once I have the minimum down payment options offered.

Michaell · July 2016

burtmtn said:
Michaell,
Thanks for the reply and patience (my first time leasing). I'm looking at a no down payment option, based on further investigation and advice on your advice and other forums. I appreciate your response and will post again once I have the minimum down payment options offered.

Perfect .. lots of great information to be found here, and don't be afraid to ask questions.

burtmtn · July 2016

OK, here's my question. Assuming I plan on not trading in at any point and keeping the vehicle for 36 months, what is the strong disincentive to a larger down payment and lower monthly fees? If the other option of lower down payment and higher monthly fees will result in the equal total cost, why is a high down payment non-advisable?

Michaell · July 2016

burtmtn said:
OK, here's my question. Assuming I plan on not trading in at any point and keeping the vehicle for 36 months, what is the strong disincentive to a larger down payment and lower monthly fees? If the other option of lower down payment and higher monthly fees will result in the equal total cost, why is a high down payment non-advisable?

If the van is stolen or totaled during the lease, the up front down payment money would be lost.

It's a risk with your money - and no, GAP insurance would not reimburse you.

portlandbest · August 2016

what is the MF and Residual for 2016 Honda Oddysey Touring Elite 36/10k in Oregon? Thanks in advance.

Michaell · August 2016

portlandbest said:
what is the MF and Residual for 2016 Honda Oddysey Touring Elite 36/10k in Oregon? Thanks in advance.

Honda does not offer a 10K options, 36/12 numbers are:

50% and .00036. $1250 lease cash.

megfaithbella · August 2016

I'm looking to lease a 2016 Honda Odyssey E-XL with RES - The only additional thing I want is the all weather mats. I'm in the Phoenix/Scottsdale, AZ area. I've never negotiated a lease before...any advice on how to get the best lease deal? I have a trade in vehicle. What kind of lease deal/options should I be shooting for?

Michaell · August 2016

megfaithbella said:
I'm looking to lease a 2016 Honda Odyssey E-XL with RES - The only additional thing I want is the all weather mats. I'm in the Phoenix/Scottsdale, AZ area. I've never negotiated a lease before...any advice on how to get the best lease deal? I have a trade in vehicle. What kind of lease deal/options should I be shooting for?

Some good articles here to get you started:

http://www.edmunds.com/car-leasing/

What lease term and how many miles per year are you looking for?

5mirchis · August 2016

Hello,

I am looking into leasing a Touring Elite (nav and dvd). I have not negotiated, but this was the quote given: MSRP=45,925, Cap Cost=40,105, Term 36/12, $509 (excludes tax and fees).

My questions are:

1. I am assuming with the new body type coming out later this year, I have a lot of negotiating power, is that true? Is there any hidden incentives, I can take advantage of?
2. What are the assumed MF and Res for the above description?. I live in Los Angeles, CA.
3. From the prototype model online, the 2017 looks really good. Am I better off waiting for the 2017 to come out? Not sure if there are updated features. I figure I will not get a deal like the 2016. Also, not sure on the exact release date... Kind of in a hurry.

Thanks for your time...

kyfdx · August 2016

5mirchis said:
Hello,

I am looking into leasing a Touring Elite (nav and dvd). I have not negotiated, but this was the quote given: MSRP=45,925, Cap Cost=40,105, Term 36/12, $509 (excludes tax and fees).

My questions are:

1. I am assuming with the new body type coming out later this year, I have a lot of negotiating power, is that true? Is there any hidden incentives, I can take advantage of?
2. What are the assumed MF and Res for the above description?. I live in Los Angeles, CA.
3. From the prototype model online, the 2017 looks really good. Am I better off waiting for the 2017 to come out? Not sure if there are updated features. I figure I will not get a deal like the 2016. Also, not sure on the exact release date... Kind of in a hurry.

Thanks for your time...

1) It is the end of the model year, and incentives are good and deals are being made. But, no one at the dealership is worried about getting stuck with a 2016 model. Odysseys will all sell.

2) .00036 MF and 50% residual. $1250 lease cash.

3) Can't help you with features or release dates. The current lease program is good through September 6th. I agree, the deal is not likely to be as good on the 2017 model.

5mirchis · August 2016

Thank You

2016 Honda Odyssey Lease Questions

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