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2019 Honda Odyssey Lease Deals and Prices

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Comments

  • MichaellMichaell Moderator Posts: 240,145
    Megatron said:

    kyfdx said:

    Megatron said:

    Finally, got #s - New Jersey -

    2019 Odyssey EX-L
    18k for 36months
    38755 MSRP
    34514.76 sell price
    20802.80 residual (so 53.6% residual)

    Getting 478/month for lease

    I didn’t get the money factor but working backwards seems to be around .0012/13

    Is this a good lease deal ? It’s also 18,000 miles / year.

    36/15
    .00098 MF and 56% residual

    36/18 is evidently, 56% residual, minus $0.10/mile for the 9000 extra miles
    (about 53.68%, in this case)

    What is the amount Due at Signing?
    Adjusted CAP cost?
    $1500 in taxes and fees (NJ you pay taxes upfront. I didn’t get breakdown but will today in lesson).

    $0 due at signing / no down payment
    You can choose to roll the taxes into the monthly payment - which is our recommendation. You think the state will refund you those prepaid taxes if the vehicle is stolen or totaled?

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  • jarjohjarjoh Member Posts: 72
    How about purchase incentives?
    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive
  • PSquad32PSquad32 Member Posts: 1
    edited July 2019
    I'm looking for info about a 2019 Honda Odyssey Elite (36 months /12k miles) in the Portland, OR area (97229). Our local dealer doesn't state the APR / MF, but their initial offer is:
    • MSRP: $48,115
    • Dealer Discount: -$4,299
    • Residual: 55% ($26,463)
    With their calculator, if I set $0 due at signing they increase the capitalized cost by $1,439 ($609 1st month, $611 registration, $219 tax). At $609 I believe that comes out to a MF of 0.00156, which seems a little high but I'm not entirely sure because I've never leased before.

    @kyfdx what are you seeing for MF and residual for the Elite? Thanks!
  • MichaellMichaell Moderator Posts: 240,145
    jarjoh said:

    How about purchase incentives?

    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive
    $750 rebate if you pay cash or use your own financing.

    2.9% APR up to 60% in lieu of the rebate

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  • MichaellMichaell Moderator Posts: 240,145
    PSquad32 said:

    I'm looking for info about a 2019 Honda Odyssey Elite (36 months /12k miles) in the Portland, OR area (97229). Our local dealer doesn't state the APR / MF, but their initial offer is:

    • MSRP: $48,115
    • Dealer Discount: -$4,299
    • Residual: 55% ($26,463)
    With their calculator, if I set $0 due at signing they increase the capitalized cost by $1,439 ($609 1st month, $611 registration, $219 tax). At $609 I believe that comes out to a MF of 0.00156, which seems a little high but I'm not entirely sure because I've never leased before.

    @kyfdx what are you seeing for MF and residual for the Elite? Thanks!
    .00098 and 55%
    No lease incentives

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  • ebd4662ebd4662 Member Posts: 35
    Good morning. Can you please give me the Residual, MF and incentives on an EX-L,
    36 mo. / 15k lease in zip 10310. Thank you!
  • MichaellMichaell Moderator Posts: 240,145
    ebd4662 said:

    Good morning. Can you please give me the Residual, MF and incentives on an EX-L,
    36 mo. / 15k lease in zip 10310. Thank you!

    .00098 and 56%
    $750 incentive

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  • RobQRobQ Member Posts: 1
    Zip Code: 64057

    Can you please give me the Residual, MF and incentives on 36 mo/12k lease:

    2019 EX-L
    Residual:
    MF:
    Incentives:

    2019 EX-L with Nav/RES
    Residual:
    MF:
    Incentives:

    Thank you!
  • MichaellMichaell Moderator Posts: 240,145
    RobQ said:

    Zip Code: 64057

    Can you please give me the Residual, MF and incentives on 36 mo/12k lease:

    2019 EX-L
    Residual:
    MF:
    Incentives:

    2019 EX-L with Nav/RES
    Residual:
    MF:
    Incentives:

    Thank you!

    .00098 and 58% (EX-L) or 57% (EX-L NAV RES)
    no lease incentives

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  • jarjohjarjoh Member Posts: 72
    purchase offers for July? any deep discounts or dealer cash to leverage on a purchase?
    jarjoh said:

    How about purchase incentives?

    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive
  • kyfdxkyfdx Moderator Posts: 235,200
    jarjoh said:

    purchase offers for July? any deep discounts or dealer cash to leverage on a purchase?


    jarjoh said:

    How about purchase incentives?

    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive
    2.90% APR up to 60 months through Honda Credit

    $750 purchase incentive (Honda to dealer), if you pay cash or independent financing.

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  • dagolovachdagolovach Member Posts: 8
    Hello, Can you tell me the MF/Residual for EX-L (with and without NAVI) with 12/36 in 53092?
  • MichaellMichaell Moderator Posts: 240,145

    Hello, Can you tell me the MF/Residual for EX-L (with and without NAVI) with 12/36 in 53092?

    .00098 and 58% (without) or 57% (with)
    No lease incentives

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  • jarjohjarjoh Member Posts: 72
    33545, touring, 15k/yr 36 month lease
  • kyfdxkyfdx Moderator Posts: 235,200
    jarjoh said:

    33545, touring, 15k/yr 36 month lease

    .00098 MF and 54% residual
    $750 incentive

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  • md73448843md73448843 Member Posts: 11
    Hello.

    Can you please give me the Residual, MF and incentives on 36 mo/12k lease in 48160 for the following:

    2019 EX-L

    2019 EX-L with Nav/RES

    Thank you.
  • kyfdxkyfdx Moderator Posts: 235,200

    Hello.

    Can you please give me the Residual, MF and incentives on 36 mo/12k lease in 48160 for the following:

    2019 EX-L

    2019 EX-L with Nav/RES

    Thank you.

    .00098 MF
    58%
    57% residual
    $750 incentive

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  • md73448843md73448843 Member Posts: 11
    I appreciate the feedback. Can I please get the MF, residual, and incentives for a 2019 EX in 48160? 36 months and 12k miles.

    Thanks.
  • Tokki_2Tokki_2 Member Posts: 3
    Hi,
    Could I please get the Residual, MF and incentives for 2019 Touring in 94087? 36mo/12k

    Thanks!
  • MichaellMichaell Moderator Posts: 240,145

    I appreciate the feedback. Can I please get the MF, residual, and incentives for a 2019 EX in 48160? 36 months and 12k miles.

    Thanks.

    .00098 and 56%
    $750 incentive

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  • MichaellMichaell Moderator Posts: 240,145
    Tokki_2 said:

    Hi,
    Could I please get the Residual, MF and incentives for 2019 Touring in 94087? 36mo/12k

    Thanks!

    .00098 and 56%
    No lease incentives

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  • jarjohjarjoh Member Posts: 72
    Got my Elite finally. zip 33545.

    $608/month. Only first month payment down, TTT rolled in.

    $48,115 msrp, sale price $41,490

    15k yr, 36 month. Did I do alright for a first timer?


    jarjoh said:

    How about purchase incentives?

    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive
  • MichaellMichaell Moderator Posts: 240,145
    jarjoh said:

    Got my Elite finally. zip 33545.

    $608/month. Only first month payment down, TTT rolled in.

    $48,115 msrp, sale price $41,490

    15k yr, 36 month. Did I do alright for a first timer?


    jarjoh said:

    How about purchase incentives?

    kyfdx said:

    jarjoh said:

    zip 33545 - 36 month, 15k/yr. Elite MF and residual please.

    .00098 MF and 53% residual
    $750 incentive


    Congrats!

    Looks good, and thanks for the report.

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  • flydrummaflydrumma Member Posts: 14
    May I have the MF, residual, and lease or loyalty credits for a 2019 Honda Odyssey LX 36/10k in 37211
  • MichaellMichaell Moderator Posts: 240,145
    flydrumma said:

    May I have the MF, residual, and lease or loyalty credits for a 2019 Honda Odyssey LX 36/10k in 37211

    36/12
    .00098 and 54%
    No lease incentives

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  • 0outofpocket0outofpocket Member Posts: 21
    Hello, could you provide MF, Residual and Incentives for EX and EXL (no-navi) for 28031?

    Thank you.
  • kyfdxkyfdx Moderator Posts: 235,200

    Hello, could you provide MF, Residual and Incentives for EX and EXL (no-navi) for 28031?

    Thank you.

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives

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  • ejb1234ejb1234 Member Posts: 12
    edited July 2019
    Hello, could you provide MF, Residual and Incentives (any loyalty?) for EX and EXL (no-navi) for 07081 ?


    Thank you.
  • MichaellMichaell Moderator Posts: 240,145
    ejb1234 said:

    Hello, could you provide MF, Residual and Incentives (any loyalty?) for EX and EXL (no-navi) for 07081 ?

    Thank you.

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives

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  • ejb1234ejb1234 Member Posts: 12
    Michaell said:

    ejb1234 said:

    Hello, could you provide MF, Residual and Incentives (any loyalty?) for EX and EXL (no-navi) for 07081 ?

    Thank you.

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives
    You sure about the lack of incentives? A broker quoted for me $750 near the zip code and want to make sure I have the best info.

  • 0outofpocket0outofpocket Member Posts: 21
    RE: Hello, could you provide MF, Residual and Incentives for EX and EXL (no-navi) for 28031?

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives

    Sorry, I should heave specified 36/12 for lease term. I'm guessing 56/58...could you please confirm?
  • kyfdxkyfdx Moderator Posts: 235,200
    ejb1234 said:



    Michaell said:

    ejb1234 said:

    Hello, could you provide MF, Residual and Incentives (any loyalty?) for EX and EXL (no-navi) for 07081 ?

    Thank you.

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives
    You sure about the lack of incentives? A broker quoted for me $750 near the zip code and want to make sure I have the best info.

    You are correct. $750 incentive for your area.

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  • kyfdxkyfdx Moderator Posts: 235,200

    RE: Hello, could you provide MF, Residual and Incentives for EX and EXL (no-navi) for 28031?

    36/15
    .00098 MF
    54%/56% residual for EX/EXL

    No lease incentives

    Sorry, I should heave specified 36/12 for lease term. I'm guessing 56/58...could you please confirm?

    Yes, +2% for 12K/yr

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  • dagolovachdagolovach Member Posts: 8
    Hello, trying to negotiate the lease by email before visiting. Got the following:

    MSRP from web $38,755
    Discount from web -$3,088
    *Sale Price from web $35,667
    Adj Price from email $33,565*
    Residual $22,477.90 (which is 58%)
    Monthly payment: 375 plus taxes and fees
    3yr/12k per year
    0 downpayment 0 security deposit, 0 first months payment

    3yr/15k per year would be $393 per month


    is that good enough or could be better?
  • MichaellMichaell Moderator Posts: 240,145

    Hello, trying to negotiate the lease by email before visiting. Got the following:

    MSRP from web $38,755
    Discount from web -$3,088
    *Sale Price from web $35,667
    Adj Price from email $33,565*
    Residual $22,477.90 (which is 58%)
    Monthly payment: 375 plus taxes and fees
    3yr/12k per year
    0 downpayment 0 security deposit, 0 first months payment

    3yr/15k per year would be $393 per month


    is that good enough or could be better?

    Absolutely $0 due from you at signing?

    Looks like a pretty good deal.

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  • bc88bc88 Member Posts: 33
    MF and residual for 2019 Odyssey EX-L. 36/15,000 Zip: 54501. Thanks.
  • kyfdxkyfdx Moderator Posts: 235,200
    bc88 said:

    MF and residual for 2019 Odyssey EX-L. 36/15,000 Zip: 54501. Thanks.

    .00098 MF and 56% residual

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  • bc88bc88 Member Posts: 33
    kyfdx said:

    bc88 said:

    MF and residual for 2019 Odyssey EX-L. 36/15,000 Zip: 54501. Thanks.

    .00098 MF and 56% residual
    Any incentive?
  • bc88bc88 Member Posts: 33
    What about MF and residual for 49855? I live in the UP of MI and have dealers fairly close by in WI as well. A stupid question but the MF and residual and incentives is due to where I get it and not where I’m from. So am I better off with a $35,385 Odyssey from 49855 or one for $34,800 from 54501?
  • MichaellMichaell Moderator Posts: 240,145
    edited July 2019
    bc88 said:

    What about MF and residual for 49855? I live in the UP of MI and have dealers fairly close by in WI as well. A stupid question but the MF and residual and incentives is due to where I get it and not where I’m from. So am I better off with a $35,385 Odyssey from 49855 or one for $34,800 from 54501?

    Odyssey numbers are national. How much will it cost for you to get it home?
    bc88 said:

    kyfdx said:

    bc88 said:

    MF and residual for 2019 Odyssey EX-L. 36/15,000 Zip: 54501. Thanks.

    .00098 MF and 56% residual
    Any incentive?
    Nope.

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  • cgw1504cgw1504 Member Posts: 5
    Hello, could I get the MF, Residual, Lease incentives for the Odyssey EX. 36 months both 12k and 15k mileage per year in 02120
  • kyfdxkyfdx Moderator Posts: 235,200
    cgw1504 said:

    Hello, could I get the MF, Residual, Lease incentives for the Odyssey EX. 36 months both 12k and 15k mileage per year in 02120

    36/15
    .00098 MF and 54% residual
    $750 incentive

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  • robbygrobbyg Member Posts: 61
    Hi, do the new terms for August come out on the 3rd or 4th of August?
  • speedra421speedra421 Member Posts: 7
    Good morning,

    I have a lease quote for 2019 Odyssey EX-L 15k/yr 36 mo in Florida

    $432/mo with 0 down

    Is this competitive?

    The dealer says the full vehicle purchase price OTD including tax 35,879.

    How does that compare with the lease price I was quoted above... In terms of price am I likely to be able to negotiate better discount with full purchase or lease?

  • kyfdxkyfdx Moderator Posts: 235,200
    robbyg said:

    Hi, do the new terms for August come out on the 3rd or 4th of August?

    The July programs run all the way through September 3rd

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  • kyfdxkyfdx Moderator Posts: 235,200

    Good morning,

    I have a lease quote for 2019 Odyssey EX-L 15k/yr 36 mo in Florida

    $432/mo with 0 down

    Is this competitive?

    The dealer says the full vehicle purchase price OTD including tax 35,879.

    How does that compare with the lease price I was quoted above... In terms of price am I likely to be able to negotiate better discount with full purchase or lease?

    What is the MSRP?

    I don't think the discount will differ on purchase vs. lease.
    OTD purchase prices aren't that useful for checking the lease payment, as the tax situation is different. (along with the $595 acquisition fee for leases)

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  • speedra421speedra421 Member Posts: 7
    MSRP is $37,710
  • kyfdxkyfdx Moderator Posts: 235,200

    MSRP is $37,710

    .00098 MF and 56% residual
    $750 incentive

    Seems like the adjusted CAP would have to be about $33700 to get that payment. (assuming 7% sales tax)

    If $432 is also the amount Due at Signing, that seems like a reasonable deal.

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  • speedra421speedra421 Member Posts: 7
    With money factor of 0.0098, how much am I paying to borrow the money? As I understand I only pay to borrow the money between the purchase price and the residual, is that correct?

    I’m trying to figure out that cost so that I can compare to cost of purchasing in full.
  • MichaellMichaell Moderator Posts: 240,145

    With money factor of 0.0098, how much am I paying to borrow the money? As I understand I only pay to borrow the money between the purchase price and the residual, is that correct?

    I’m trying to figure out that cost so that I can compare to cost of purchasing in full.

    You will always have less interest on a lease, due to the shorter term.

    Don't look at it in terms of the cost of money, but how long you plan to keep the vehicle. Rarely does it make financial sense to lease, then buy out the lease at the end. At that point, you are financing a used car, and nobody knows what the interest rates will be 3 years from now.

    If you want to keep the car after the lease term, it's better to buy it, up front.

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