[Gettin'AVan]

I was wondering what residual values people were getting on '02 Odyssey leases? My local dealer tells me his computer that "always finds the best deal" comes up w/Honda Finance @ 55% for a 36 month term. Seems like a rip-off since I routinely see used Ody's going for a lot more than that but bankers gotta eat too I guess.

Any info on 36, 48 & 60 month leases?

BTW - I don't believe in leases that go longer than the warrantee period - why pay for repairs on a car you don't own? But I'm considering financing using a product called MAPS - it's a hybrid of a loan and lease and available through federal credit unions. Check it out at:
www.maps-mmss.com

Thanks, all.

 

[Eric Law]

My dealer quoted me a residual value of 57% for a 2002 lx. Depreciation rate is 1.2% and lease rate is 4.0%. After you put calculate the actual rate, it is more closer to 5.1% financing rate. These are all Canandian figures.

 

[odycadmus]

I usually go to www.leasecompare.com to find out leasing information.

 

[Gettin'AVan]

<font face="Verdana, Arial" size="2">Originally posted by odycadmus:
I usually go to www.leasecompare.com to find out leasing information.</font>

Thank you! That's exactly what I needed!