Really! This place is like having my own 'Magic 8 Ball,' 'cept for the specificity.
Here's the situation:
2009 Odyssey lease. Now in the 24th month of the 36 month contract. $373 p.m.
Dealership called the house and asked if I wanted to stop in to talk about my car and my lease. So I did.
I know they're hot for a late model Japanese anything, and, surprisingly, they're not being at all shy about they're desperation.
My van's pay off amt. is $17,083. It MSRP'd for around 26k.
They'll put me in a new one for 36/$400 w/no d.p., except for destination, or whatever. MSRP $27+k. This is my 3rd lease with the same assholes. I'm sorry. That was nasty. I should have said, "subhumans." All car-realted persons come even before lawyers in Bob's "professions-to-hate-parade."
In 2006 I turned in a lease a few months early upon their offer and leased a new one. The payoff price the day I did it was $15.7k
2 days later, when I went to p/u the new one, there was my old one, on an 4' elevated stand out in front with a big orange "sale price" sticker in the window-----"Just $19,999." I was an IDIOT!
My thoughts: Say no. Wait and watch the astounding $$ that's about to explode in the used car market. Keep it for the rest of the lease (12 mo.), buy it for $14+k, then sell it for whatever the newer, more panicked market will bear. Then I'd decide whether to lease again or buy a new one. And if there's nothing available to buy, then I'll just keep it.
FYI: For all Japanese mfgrs., there will be no delivery of their most poplular models until the last 1/4 of this year. Some American/Japanese plants have stopped already, because of the 20% of parts that still come from Our Mother of the Rising Sun.; i.e. last shipment of Civics is going on now. Models made entirely in Japan will fare no better.
My Honda dealer got 18 cars this week. They have 10 2nd string shitheads on the floor. (1st string shithead is the sales mgr.) A "good" shithead can sell that many cars, and then a few, in a month.
#'s ain't looking good for them.
Edited by BobKay (05/29/11 01:52 PM)
I swear, Cam, you're gonna force me to make a joke about YOUR undies. Don't let that happen.