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2016 Honda Odyssey Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback

Price terms Used:
MSRP What is MSRP? Invoice Price What is Dealer Invoice Price? Destination Fee Whatis the Destination Fee? Holdback What is Holdback? Dealer Cost What is Dealer Cost?
Note: The Honda Odyssey price report below does not include rebates or incentives.
View Honda Rebates and Incentives.

2016 Odyssey LX Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$29,550
Invoice Price
$27,028
Destination Fee
$900
Holdback
$591
Dealer Cost
$27,337
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2016 Odyssey EX Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$32,700
Invoice Price
$29,901
Destination Fee
$900
Holdback
$654
Dealer Cost
$30,147
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2016 Odyssey SE Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$33,650
Invoice Price
$30,767
Destination Fee
$900
Holdback
$673
Dealer Cost
$30,994
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2016 Odyssey EX-L Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$36,200
Invoice Price
$33,093
Destination Fee
$900
Holdback
$724
Dealer Cost
$33,269
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2016 Odyssey Touring Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$42,455
Invoice Price
$38,798
Destination Fee
$900
Holdback
$849
Dealer Cost
$38,849
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2016 Odyssey Touring Elite Passenger Van w/ 248 horsepower, V-6 - 3.5L (6 cylinder) - Fuel Type: regular gasoline (Fuel Economy: City 19 MPG - Highway 28 MPG)
MSRP
$45,025
Invoice Price
$41,142
Destination Fee
$900
Holdback
$901
Dealer Cost
$41,142
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Price Tip:
To avoid overpaying on a new Honda Odyssey, price shop online first. Get up front prices before you walk into a dealership. We recommend the following free services;
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.
2016 Honda Odyssey Overview:

About the 2016 Honda Odyssey
With a seating capacity for up to eight passengers, the 2016 Honda Odyssey is designed with families in mind. This spacious minivan is available in LE, EX, SE, EX-L, Touring and Touring Elite trims. A Honda DVD UltraWide Entertainment System and Honda Satellite-Linked Navigation System are among the high-tech amenities inside the Odyssey. 

The 2016 Honda Odyssey runs on a V6 i-VTEC engine that generates up to 248 hp. This signature engine block gets up to 19 MPG in urban settings and 28 MPG on highways. The Eco Assist System and Variable Cylinder Management contribute to such excellent fuel economy.

The contemporary interior in the Honda Odyssey has three tows of seats. Lumbar support and memory for two positions provide optimum ergonomics for the driver. In addition to having armrests, the Wide Mode second row seats could easily move sideways. The third row Magic Seats can be folded with a single motion. A Tri-Zone Automatic Climate Control System regulates temperature settings in all three rows of seats.

The Honda Odyssey comes with an i-MID eight-inch touchscreen that's connected to a GPS navigation system. A separate touchscreen controls audio features such as Bluetooth and SiriusXM Satellite Radio. Signature HondaLink technology also makes it easy to sync compatible mobile devices. 

Forward Collision Warning and Lane Departure Warning are the active safety highlights in the 2016 Honda Odyssey. Trademark technology such as Honda LaneWatch also reduces the risk of careless accidents. SmartVent side airbags in the front are among the advanced passive safety amenities in this Honda minivan.

How to Calculate The Dealer Cost of a Honda Odyssey

Formula for Calculating Dealer Cost:

  • Example: Base Honda Odyssey invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost (calculated above) + Taxes / Licensing Fees - Rebate / Incentive = True Cost (You can get rebates and incentives here)

Note: All Honda Odyssey Prices above are approximate amounts. Prices are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.

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