I was offered this deal on a 2016 Honda Odyssey EX-L: $407xmonth (incl. tax) with 753 Dollar Dr. off. It is a 3 year lease 12,000 miles. Sticker price 36 950. Can anyone tell me if this is a good offer? Thank you
Here’s the 36/12K lease program for 2016 Odyssey:
Residual: 56%
Money Factor: .00041
From reverse calculating the deal, looks like a selling price of approximately $32,950, or $4,000 off MSRP.
As a reference, Edmunds Price Promise is telling me that the average selling price of a EX-L is $32,902, so it looks like the deal is about average.
Here’s the most aggressive deal I’ve seen; it assumes a selling price of $30,850:
http://www.weymouthhonda.com/lease/?&code=2016RL5H6GJW<ax=9.00%
Thank you. Unfortunately I am in Los Angeles