Last post on May 25, 2013 at 11:08 PM
You are in the Honda Accord
What is this discussion about?
Honda Accord, Coupe, Sedan
#27543 of 29575 Re: Money Factor/Residual Value [maxpower02]
Nov 21, 2012 (3:06 pm)
MF is set by the leasing company based on your credit score. While you can negotiate financing rates with the dealer, I've never heard of anyone who has negotiated the MF.
I have seen some advertised lease rates for the Accord that are definitely third party leasing companies. The Honda Financial bank fee is $595 so if you see a different amount in the ad, you know it's not Honda - but stay away, they will get you at the end. I just turned in a Camry leased from Toyota Financial with eight scratches and dents, including a big gash on the bumper. The damage came to $1,200 on the pre-inspection report but I wasn't charged a penny. Toyota wants you to lease another car in the future. I've leased from Saab (twice), Volkswagen, Subaru and Mazda. Only one charged me a small amount for damage and it was $1,000 less than the collision shop quoted me. The only car I leased thru a third party was an Audi thru Hann Financial. I had one little scratch and a little ding, and they hit me with a bill over $1,000 (it was in the early days of leasing before pre-inspections). Pay the extra few bucks a month to Honda Financial.
#27544 of 29575 Re: 2013 EX in SoCal [km19]
Nov 21, 2012 (6:48 pm)
Does the $25,350 include Taxes and destination fee. If it does, then the price is fair. I'd say $250 is about right with the wheel locks. You can go to the Honda estore and price the items. The estore gives U the MSRP for the accessory and then lists below that price with installation. The dealer can't do it for free so if the difference is reasonable It's a fair price. You can find the Honda estore on their website or just google it.
#27545 of 29575 Re: 2013 accord ex-l [brian125]
Nov 21, 2012 (10:28 pm)
Hi Brian, thanks for sharing! VIP quoted me yesterday 19880 for the 2013 Accord LX, that's the same as most quote I get for 2013 Altima base. I haven't tried to go further since I'm not sure whether the price will go down further in a week or two or so. May I ask for suggestions on this quote? Should I take it or what?
#27546 of 29575 Re: Leasing 13 Accord Sedan with Nav [juanvaldez]
Nov 22, 2012 (1:20 pm)
13 Accord Sedan w/Nav 4 Cyl MSRP + Destination Fee = $30,785. The best buy price I got so far is $27,973.
The best 36 Mo lease price with no down payment so far is $470.
Any idea how much lower I can get in the Chicago/Cook Co market?
#27547 of 29575 Re: Leasing 13 Accord Sedan with Nav [juanvaldez]
Nov 22, 2012 (10:00 pm)
I believe the residual is 57%. What MF are they quoting you? Even if you put the bank fee, doc fee, taxes and license fees into the lease, essentially a sign and drive, it should be under $470.
#27548 of 29575 Re: 2013 Accord Sedan EX-L - Price Break Down [okani]
Nov 23, 2012 (7:11 am)
Okani - I agree with your comment that many of the references to invoice pricing are confusing ("not sure what people mean when they say under invoice: factory invoice or factory invoice + destination fee"). I also find it a bit confusing when the majority of posts don't mention whether their price paid is a deal that includes a trade in (dealer can make their margin on one or both sides of a deal). Regarding your assessment of a good price (Factory invoice $27,502 + Destin Fee $790 = $28,292, any price below $28,292 is a good price) my price paid of $28,193 for my EX-L V6 no Nav (purchase, no trade in) compares well ($27,794 w/Destn + $399 Proc. fee= $28,193).
#27549 of 29575 Re: Is this a good price for EXL V6 Honda Accord? [ceejaysquared]
Nov 23, 2012 (7:35 am)
I purchased my car from Pohanka Honda in Fredericksburg, (Matt P., Sales) and paid $29,101 OTD for my EX-L V6 no Nav (MSRP sticker w/Destn of $30,860). Price paid was $27,794, plus $55 for wheel locks, $399 Processing fee plus VA sales tax and tags. There was no trade in, this was strictly a new car purchase. Read my previous posts and the posts by carcam123.
#27550 of 29575 Re: Leasing 13 Accord Sedan with Nav [juanvaldez]
Nov 23, 2012 (10:35 am)
MORE HELP - I have a quote for $498 for Cook County/Chicago and the same dealer says in Lake County the lease would be $440. Does that make sense that the difference in taxes is $2,088 over 36 months?
#27551 of 29575 Re: 2013 accord ex-l [yangyx]
Nov 23, 2012 (1:15 pm)
Are you able to provide some more details on that offer? That's a great price from all of my research thus far, I'd really be interested in dealing with them, especially if you even end up getting that for lower! How soon are you likely to be making a deal? I'm looking to make mine by the end of the month. If you finish yours by then, I would be willing to then go to the same person and put you as the referral and let you get the referral check. Might as well go to a fellow car buying looking to maximize their finances!
#27552 of 29575 Re: 2013 accord ex-l [yangyx]
Nov 23, 2012 (1:17 pm)
Before I got too excited on that one, I probably should have asked, was the manual or CVT? If it's the CVT then I definitely meant every word I said! haha