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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3631 messages, Last post on Dec 07, 2009 at 8:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: vita604 (Aug 29, 2007 9:57 pm) I can work up a sample lease payment on the car that you are interested in for you to give you an idea of what sort of monthly payment to expect. For now I will assume that you are able to get this car at around dealer invoice price. According to my calculations, if you were to lease a 2007 Honda Accord Coupe EX-L V6 without an automatic transmission or navigation that has an MSRP of $28,095 and a selling price of $25,505 through Honda Finance right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $370. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 30, 2007 2:59 am) 36 mth lease, first payment down for $317 per month. 15k miles per year. Is this a strong deal? getting it tomorrow.
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Replying to: iahawkfan16 (Aug 30, 2007 6:11 am)
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Replying to: garrick (Aug 30, 2007 6:15 am) i'm in iowa. i'm not sure what the sales price was, as i was just concerned with getting the lowest possible payment with only first payment down. tax title license are figured into that payment.
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Replying to: iahawkfan16 (Aug 30, 2007 6:24 am) I'm picking up my EX-L 4 cy sedan today (no nav) 12/36 for $305/mth all in w/ only registration and first pymt up front - it's the lowest I've seen anywhere in the NY area and other dealers let me walk when I got close to this. Residual is 57% based on $500 below invoice. (I had $299 based on in stock color but wanted a different color so I had to go up a few dollars) Given what I've seen in this forum - there appears to be a big difference between leasing in the NY metro area vs. elsehwere in the country. Can anyone else comment on this? Seems good to me. |
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Replying to: Car_man (Aug 29, 2007 2:23 am) It is the lowest selling price quote I've gotten so far and the supply of MTs in California is pretty small. Also thinking about rolling the dice and seeing if there are even greater incentives after the 4th. Another quick issue on negotiating selling price first. I think many dealers are hip to this game. Almost all of the quotes now say not valid for lease and have quoted higher prices for lease when I get down to it. This is likely due to the larger incentives for sales rather than lease.
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| Your exactly right, when buying it rather than leasing, they have better incentives, but when leasing, they apparently don't have as much dealer cash on leases, because the lease deal numbers are already so good. I ran into this problem. This apparently is all HONDA, not dealers. It is almost better to own it, rather than lease, after all, its a honda, you could sell it, and get all your money or more back within a year or so. I lease my current 06 SE, and I could make some money off it now if I sold it third party. I plan doing that, if I want the 08 accord. Honda does not advise this, but they just mail me the title in 2 weeks of full pay off. 2 weeks to get my new car. I really would save your money down, and sign and drive, its already a good deal. Keep your cash flow. Do it on your terms, not theirs, its your contract, your terms. They are not looking out for you, so if it doesn't feel right, move on! GOOD LUCK! ITS A HONDA! | |
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Picked up an 07 Graphite EX-L last night! I have been dealing with the same sales rep from Honda of Concord (Charlotte, NC) since July - glad I waited, cause the deal was even better! $312.00 per month including monthly sales tax. 36 months 12k per year are the lease terms. Money factor was 0.0005 I traded in my 02 Passat Wagon for $8500 and used $1500 of the used car value for the out of pockets. ($720.38 cap cost reduction, $312 first months payment, $40.00 title fee $15.00 registration fee, $399 doc fee and $13.62 up front tax. $7000 back to me in a check from the dealership. Gross cap cost was $26555.00 - $720.38 cap cost reduction for a adjusted cap of $25834.62 Residual value is $15677.20 depreciation of $10904.78, rent charge of $ 747.36 = $302.91 per month. Tax is assessed monthly instead of all at once up front - and is $9.09 per mo for a total payment pf $312.00 How did I do? Just curious - cause I though it was a pretty good deal. I got rid of a declining Passat for a new Honda! Fire away... 
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Car_man (or anyone else that has had experience or can simply help), Seeing that Accords have such great lease offers right now, I have given up on the apparently impossible dream of trying to get a 4Runner for near $250 a month with only 2500 down. Now I am looking into leasing a 2007 Honda Accord EX-L (4cyl, no vani). With the MSRP of the car being $25,745 according to Edmunds, and the invoice being $23,381, and the TMV being $23,260, lets say I get them to bring my selling price to TMV (23,260). What should my monthly payments be around if I want a 36-month, 12k a year, $1500 down lease with tier 1 credit in Southern California? Is right now a better time to get it? Or should I wait until sometime next month? Your help would be really appreciated. Thanks!
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Replying to: shant14 (Aug 30, 2007 5:27 pm) If you look at the post right above you, you will see exactly what you are going to pay a month. She did a similar deal with $1,500 down. With 0 down you are looking at about $325 or about $335 at most with sign and drive. I had a deal run for me, and this deal is what I got. I would recommend you keep your cash flow and put 0 down. The deals are so good right now, you are really not affecting the payment to much. Remember for every 1k you subtract about $20-30 off your payment. Also that money down, does not affect you official pay off! I would do the deal now! 08's will be out soon, and deals aren't going to get too much better. Make a move on it! Start emailing your dealers, and then get the quotes like above, and do it! Good Luck! For an EX-L V6 with navi- Est, $359 29kMSRP-27kPrice EX-L 4 with navi Est, $340 27kMSRP-25kPrice EX-L 4 no navi Est, $315 25kMSRP-23kPrice That will give you estimated idea of what the deals are for the accord model line up. I have gotten all these deals, seeing where I wanted to be. Have fun, but remember, don't sign it, unless its what others are paying. My dealer would not match the $312 deal. Others dealers will. EMAIL=Documentation! |
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