- #1690 of 3631
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Re: How does this deal look - Lease - Accord EXLV6 Sedan [waters96]
by Car_man HOST
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Aug 30, 2007 (2:22 am)
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Replying to: waters96 (Aug 24, 2007 1:22 pm)
Hi waters96. I don't think that this car's selling price looks high at all. This looks like a very good deal. The dealer invoice price of a 2007 Accord EX-L V6 Sedan with an automatic transmission is only $25,415. It looks like you are paying less than that for this car. Plus, the dealer that you are working with is calculating your monthly payment using Honda Finance's buy rate lease money factor. This looks like a very good deal to me.
Car_man
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- #1691 of 3631
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Re: Current money factor and residual for 24/mo.? [btomasie]
by Car_man HOST
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Aug 30, 2007 (2:26 am)
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Replying to: btomasie (Aug 25, 2007 6:21 am)
Hi Brian. Honda's special lease money factors are available for any length lease, up to 36 months. So the same factors that you have seen mentioned in this discussion would be available for a 24 month lease of the car that you want. The residual values would be different for a 24 month lease though. Honda Finance's residual values vary by trim level. If you tell me exactly which version of the Accord you want and how many miles per year you need to be able to drive, I can tell exactly what its 24 month residual value is right now.
Car_man
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- #1692 of 3631
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Re: Lease w/ intent to buy at end. Accord 4cl EX or EX-L [garrick]
by Car_man HOST
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Aug 30, 2007 (2:30 am)
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Replying to: garrick (Aug 26, 2007 5:36 am)
Hi garrick. At lease signing, consumers who lease through Honda Finance typically have to pay their vehicle's first month's payment, its $595 acquisition fee, a security deposit equivalent to their monthly payment rounded up to the nearest $25 increment, and any required state taxes or fees.
I believe that the lowest mileage allowance that Honda Finance leases Honda division models with is 12,000 miles per year. It might do 10,000, but I doubt it. If you only drive 8,000 miles per year you may end up wasting some of your allowed mileage.
Car_man
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- #1693 of 3631
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Re: Lease w/ intent to buy at end. Accord 4cl EX or EX-L [ipip316]
by Car_man HOST
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Aug 30, 2007 (2:31 am)
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Replying to: ipip316 (Aug 26, 2007 7:01 am)
Congratulations on getting your new Accord, ipip316. Thanks for taking the time to share information about your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on this dealer with everyone.
Car_man
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- #1694 of 3631
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Re: EXL 4cyl w/navi [kamran310]
by Car_man HOST
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Aug 30, 2007 (2:37 am)
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Replying to: kamran310 (Aug 27, 2007 2:54 am)
Greetings kamran310. The money factor that you were quoted for this car is right in line with Honda Finance's current buy rate for it. This is a good thing. The selling price that you were quoted for this car over the telephone is outstanding. It is well below this car's $25,415 dealer invoice price. If you can get this car with this price and money factor go for it.
This is a great time to get a Honda Accord. Dealers are blowing out as many '07 Accords as they can this month. Not only is Honda running a stairstep promotion on it right now (the more dealers sell, the more dealer cash they get per unit), Honda is also basing its allocation of the new redesigned '08 Accord on how well dealers sell their remaining '07 models.
Car_man
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- #1695 of 3631
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Re: '07 Honda Accord EX lease [donaldj1]
by Car_man HOST
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Aug 30, 2007 (2:39 am)
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Replying to: donaldj1 (Aug 27, 2007 5:31 am)
Congrats on getting your new car, donaldj1. Thanks for sharing the details of your lease with everyone. Don't forget to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others.
Car_man
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- #1696 of 3631
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Re: Lease w/ intent to buy at end. Accord 4cl EX or EX-L [garrick]
by Car_man HOST
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Aug 30, 2007 (2:41 am)
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Replying to: garrick (Aug 27, 2007 7:23 am)
Hi garrick. By "pur price" I assume that you mean these cars' end of lease purchase option prices. If so, what are their selling prices? The selling price is a very important number to know because it shows how much of a discount you are being given. Let me know what the selling prices are and I'll tell you what I think.
Car_man
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- #1697 of 3631
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Re: Buy/base rate & redidual '07 Accord EX-L lease? [hannab]
by Car_man HOST
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Aug 30, 2007 (2:44 am)
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Replying to: hannab (Aug 27, 2007 8:52 am)
No problem, hannab. This car's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Honda Accord EX-L 4-cylinder Sedan without navigation with 15,000 miles per year are .00065 and 55%, respectively assuming that you qualify for its top credit tier and pay a security deposit at lease signing.
Car_man
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- #1698 of 3631
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Re: New Accord 07 EX-L leases [garrick]
by Car_man HOST
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Aug 30, 2007 (2:45 am)
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Replying to: garrick (Aug 29, 2007 5:49 am)
Hi garrick. $500 under dealer invoice is a very good selling price for a leased '07 Accord right now.
Car_man
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- #1699 of 3631
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Re: '07 Accord EX-L Lease [yankees338]
by Car_man HOST
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Aug 30, 2007 (2:49 am)
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Replying to: yankees338 (Aug 29, 2007 8:22 am)
Hi yankees338. This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. For now I will assume that you will be able to get one at dealer invoice. According to my calculations, if you were to lease a 2007 Honda Accord EX-L Coupe 4-cylinder without navigation, but with an automatic transmission that has an MSRP of $25,745 and a selling price of $23,382 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $288 assuming that you qualify for its top credit tier and pay a security deposit at lease signing.
Car_man
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