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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
2742 messages, Last post on Aug 29, 2008 at 9:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: nacho2 (Dec 13, 2005 11:27 am) |
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Do you have the residual values for a 2006 Accord EX-L auto 4cyl for Dec or Jan? Headed to dealer and need help - looking at 36 month 12k and 15k lease. what other fees should I expect - taxes, tages, doc fee - anything else? PLEASE SOMEONE POST RESIDUALS
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Mr. Car Man  So, I've looked at Edmunds.com like a crazy person and I think I've followed about every step. I've asked for a Work sheet to be faxed, on what seems like a very good deal. Although I am a little concerned that numbers are being moved around = case in point, the residual value. Here is my quote: 2006 Honda Accord Sedan 2.4 EX MSRP 23,950.00 Residual Value %: 57% Residual Value: 13,651.50 Capitalized Cost: 21,113.00 Term: 36 Months Lease Money Factor .0201 (what is this?) Cash Down: 2,000 total add cap: 640.00 (what is this?) total sales tax: 818.70 Adjusted Cap Cost: 20,372.59 Cash Cap Reduction: 1,380.41 (what is this????) Base: 255.09 / month Ttl Inital fees 36.75 / ttl anual fees: 201 Total Monthly Fee: $274.86 per month So If I'm right, at the end of the term, when calculating the residual value + what I already paid on the lease, I'll actually pay 23,545 to buy the car at the end of the term. Although I doubt I will buy the car, I thought somehow I must be loosing out. This deal seems good but I can't understand some of the language. Can you help me? I want to buy on Friday. Help help! help! You're the best!  Thank you!! -Sarah P.S. This is my first car I'm buying, so I'd love the help!!!!
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Replying to: cuzzy80 (Dec 28, 2005 6:20 pm) |
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does this make sense? i think that the numbers are high and I am shooting for something closer to $250 a month Honda Accord LX with Automatic transmission 2006 Honda Accord LX sedan A/T $500.00 total down 12,000 miles per year 36 month term $299.00 including tax The buy out price will be $12699.75 according to the dealer: costs include: dealer destination of $550.00. The MSRP on the Accord LX is $21525.00 and invoice is $19433.85. The selling price this lease is based on is $19345.63. Tax is calculated by the amount of payments x the tax rate. Using 8.625% the tax comes to $928.40. The money factor equates to 4.66%. The residual percentage is 59%.
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Honda Santa Monica has a 42 month lease on a 2006 accord LX 4dr auto, 0/0/0 no downpayment, no drive off, no security deposit, includes 1st mo payment and all starting fees I emailed dealership and asked for a two year lease. they offered $219/mo, and $1495 due at signing. please share your opinion. thanks
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This is my first time buying looking at new vehicles. If I lease from out of town, can my car be repaired under warranty locally? Thanks!
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Replying to: sigep611 (Jan 01, 2006 11:30 am) regards, kyfdx Host-Prices Paid Forums |
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Replying to: leaseme (Dec 28, 2005 6:04 am) Car_man Host Smart Shopper / Prices Paid Forums |
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