Last post on Dec 05, 2013 at 6:45 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Coupe, Sedan
#31245 of 32169 Re: 2013 Honda Accord EX-L lease question [gmanusmc]
Sep 20, 2013 (8:44 am)
just some follow-up questions:
Aside from the selling price of the car, the only other things I can negotiate on are fees, correct? Appreciate any advice on tactics to achieve that.
Lastly, at the end of the day, despite all the lease calculations we are all doing, etc, aren't we really trying to lessen the amount we spend on a car over the life of the lease?
So in this case, the deal I turned down, I would have spent a total of $13,680 ($380x36) in payments on this car. Can we look at a lease in this way? just curious.
thanks. I'll start looking at 2014s.
#31246 of 32169 Re: 2013 Honda Accord EX-L lease question [jonesing4car]
Sep 20, 2013 (8:57 am)
Usually, the only fee that is negotiable is the dealer doc fee. Some dealers won't budge on their doc fee - if that's the case, do your best to get them to reduce the selling price to lessen the impact of the doc fee. If you can negotiate the lowest selling price possible, and receive the best lease money factor appropriate to your credit score, then the total cost of your lease will take care of itself.
#31247 of 32169 Re: 2013 Honda Accord EX-L lease question [brian125]
Sep 20, 2013 (9:04 am)
We got you Brian - huskerfan says that's the second mistake you've made this year. I think maybe you were just testing us.
#31248 of 32169 Re: 2013 Honda Accord EX-L lease question [jonesing4car]
Sep 20, 2013 (10:31 am)
Actually, that is not a good way to look at a lease. Your monthly payment is a combination of depreciation on the vehicle and interest expense. You would lessen the total payments over the lease as you increase the amount you pay at signing since that will result in less interest but you don't want to do that. Anything you pay at signing is lost should the car be stolen or totalled in an accident so I always recommend getting 36 equal monthly payments with the amount due at signing representing the first payment. Yes, it will be a few more dollars over the life of the lease than if you made a down payment or paid fees and taxes at inception but it should be considered really cheap insurance.
btw, I live I NJ and that DMV charge looks too high, even with new plates. I believe it's against the law to markup DMV fees in NJ but I would question the dealer.
#31249 of 32169 Re: 2013 Honda Accord EX-L lease question [gmanusmc]
Sep 20, 2013 (10:43 am)
I don't recall Brian making another mistake but I have to admit to some. I know of two that I made in the leasing forum but the biggest one I ever made in this forum I made earlier this week.
After writing my piece on doc fees, I gave my protaganist an out (I won't name names) by saying I bet he's a smart guy but did not articulate well what he is actually doing, but after reading his reply, I definitely got that part regarding him being a smart guy wrong
#31250 of 32169 Re: Honda 2014 EX-L NY Area [bluemkn57cars]
Sep 20, 2013 (10:48 am)
bluemkn57cards, Thank you for your guidance. I will keep you and everyone else posted.
#31251 of 32169 Re: 2013 Honda Accord EX-L lease question [jonesing4car]
Sep 20, 2013 (11:03 am)
Are you looking to buy/ lease in NJ.??? Would you consider a 2014 model at invoice price.
#31252 of 32169 Re: 2013 Honda Accord EX-L lease question [gmanusmc]
Sep 20, 2013 (11:21 am)
Tks..... Bill always good to throw out a test.. And yes my second error was trying to debate huskerfan on leasing.
#31253 of 32169 Re: 2013 Honda Accord EX-L lease question [huskerfan5]
Sep 20, 2013 (1:01 pm)
Ah yes - that stuff - I'm puzzled as to why our freedom of speech was so smacked down - your post was particularly clear cut and logical...or so I thought. But as far as the somewhat snarky response you got...well, with some folks, you can feed them all the logic and common sense you want and for some reason, instead of heading for their brain to consider the merit, it goes straight down and out the other end...with no further consideration. I know your post makes total sense to those folks looking to improve their negotiating techniques and skills, so in that sense it wasn't a mistake at all.
#31254 of 32169 Re: 2013 Honda Accord EX-L lease question [gmanusmc]
Sep 20, 2013 (2:10 pm)
This same matter is what drives me crazy in all the years trying to help educate some folks on how to Save a couple of dollars with advice and techniques on buying. If i tell someone to call these dealerships on this day it means you just might get your price or come close. Knowledge and leverage is my success.
I have been reading your posts and... Huskerfans.... posts on leasing and in this forum for some time... keep up the good work both of you. great advice and sometimes a different perspective of how i go about business which does help other buyers. Folks in here that take the advice will do alot better in pricing and buying experience.
Bluecars57... if there is one guy who can fill my shoes in this forum it might be you. If i step down here i would have to email you the best of my play book in the car buying world. You made one post recently that pretty much touched on all parts of buying/ negotiations .. Use that as your reference to folks..... Very detailed and pretty much every thing i preach. i hope you stick around in these forums.