It took a few dealers, hours of driving, and a lot of negotiating but I was able to get my wife’s dream van! Thank you to everyone here and on the Edmunds lease forums for the invaluable information and camaraderie.
Year, Make, Model, and Trim: 2021 Honda Odyssey EX-L
MSRP: $39,580
Selling Price: $35,127
Monthly Payment: $349
Drive-Off Amount: $349
Trade-in Equity: $2151 (crazy used market!)
Months: 36
Annual Mileage: 10,000
MF: .00112 (2.69%)
Residual: 62%
Incentives: $1000 HFS Lease Incentive
Region: MD dealer, NJ resident
Leasehackr Score: 10.7 years
Leasehackr Calculator Link: Leasehackr Calculator - Hack your next lease | Leasehackr
3 Likes
max_g
April 20, 2021, 1:39pm
2
Congrats! Enjoy the new ride
1 Like
GOAT
April 20, 2021, 1:42pm
3
what’s the 1k HFS lease incentive?
I was told it was a Honda Financial Services lease incentive.
1 Like
Congrats! Did you get the car delivered?
I’m also in NJ, wondering how much they charge for delivery if so…
I confirmed with Edmunds a couple of days ago the $1k lease incentive can also be combined with $1k loyalty. Probably a good time to get an Odyssey.
1 Like
Zenek
April 20, 2021, 10:16pm
7
Congratulations. Do you think that dealer can replicate this deal?
Thanks
I had to pick up the van in MD. I’m not sure if they delivered.
1 Like
Congrats! Very nice deal.
1 Like
Where does the 2500 dollars in untaxed incentive come from?
It would appear that is how the OP applied his/her trade equity. Odd way to do it but result is the same.