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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3630 messages, Last post on Dec 06, 2009 at 9:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I am interested in leasing an Accord ex-l automatic 4 cyl(no navi system) for 24 months with 18k miles per year. Any idea on money factor,residual,monthly lease payments(exclusive of state sales tax) on a no money down lease(other than Honda finance fee of $595 and first month payment and motor vehicle fees).I have excellent credit and my current honda finance lease on an acura is coming to an end at the end of september. Thank you for your help.
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Yea guys, i called to see if i can lease an ex 4cyl today, they said with nothing out of my pocket my payment will be $431 a month, for 24 months, do you think honda will release another lease special on it?
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| yes, they may have slight difference in deal, but 24mths would be a higher payment, but not that high. August was a good deal, some dealers will try to get a profit from there 1 or 2 accords they may have left, they don't mind having a few, because that way when someone does not like or want the 08 model, they'll go right to the 07, and they have no where else to go. I suggest going to multiple dealers, email dealers, there are 07's out there, but limited, very limited, my dealer has more coupes, and like 1 V6. They are not worried about they few that are left, they are back ups. Just keep looking. You'll find a dealer wanting to sell more. | |
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Carman, Yesterday (9/8/07) I was quoted the new lease program for a 2007 EX-L V6 Accord Sedan. For a 36 month lease with 12K miles they are telling me the numbers are 55% residual and money factor of .00285. This seems higher than what I had been reading here...(56% residual and a factor around .0006). I can still get a purchase price around $2000 below dealer cost but before I ink a deal I was wondering if this is correct for Septemeber or can I do better? Thanks
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The lease deals on the 07's are back to normal, there really is no incentives on them. I got quote $499 for an EX-L navi 4cyl. That is high, but with no money down. These are normal rates, but perhaps a bit high due to a quick quote too. So basically it'll be like the 08's. I told the salesmen that 07 EX-L navi, will be sitting for a while, with 08's out, it'll either be, New style, or the 07 model for about the same deal. Really if you think about it, Leasing or purchasing a Honda is expensive, but you get what you pay for right. Right now it would be better to purchase an 07 accord than to lease one. Incentives are only on buying one. |
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I see my next car, 2008 EX-L I4 MT Navi is finally available, MSRP of 27895, and i see you can get a Rear view Camera for 499! Now with that offering what does the TL have that this wouldn't? Anyone have access to 36 Mo 15k/ yr MF and Residuals? I can't wait to get this car! Thanks. Andy
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Replying to: kongd (Aug 31, 2007 3:46 pm) |
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OK, just got some pricing from my local dealer on an 07 SE with auto and an 08 lx-p auto. These are the details. 07 SE Auto MSRP 22220 sell for 19596 Due at inception 468.02 36 months at 15k per year 349.52 Residual is 52% MF is .002850 Lease end purchase is 11944.4 08 LX-P Auto MSRP 22160 Sell for 22160 Due at inception 498.50 36 months at 15k per year 380.32 REsidual is 63% MF is .002850 Lease end purchase is 13960.80 I was told they they still might work on the selling price of the 08 but only the used car manager was in at the time and he couldn't make the call and the cars literally just showed up this morning (I will not be expecting much if anything at all). I will be stopping by after work to check out the 08 since I have not seen it in person yet but I reallly need a car and with a diff of only 30 bucks a months I will probably lean towards the 08. Let me know if anyone has any thoughts. Oh, and phone calls to two other dealers came up with almost identical numbers payment wise although I did not get the other details. |
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Hi Car_Man, Can you please post the money factors and residuals for the following Accords? 2007 & 2008 12K miles 36 month (and longer if available? like say 48 month...) Thanks!!!
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Replying to: atfryar (Sep 12, 2007 1:05 pm) Anyone know from previous model intro history how they will progress down? .0285 is what they are now, we we think they'll be around .0200 in Nov? I know it's hard to tell but just wondering based on experiences in the past.
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