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Honda Accord Lease Questions

3630 messages, Last post on Dec 06, 2009 at 9:12 PM
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I went to two dealerships over the weekend and here's the better of the two deals on a 07 Honda Accord Sedan V6 EX-L, automatic, I was able to negotiate: MSRP - $27,995 Invoice - $24,700 Sale Price - $24,900 Current Negotiated amount - $23,000 I want a lease. Here's the deal on the table: a 36 month, 15k mile lease with $750 total paid out of pocket (first month's payment & fees). My trade-in (2004 Jeep Grand Cherokee) was a wash (they are offering to pay off the entire balance). Also included is that they are removing my Sirius satellite radio from my Jeep and installing it in the Honda; considering they hire out for this, I consider this a nice bonus. My payments would $365 out the door, including my CT taxes. The residual rate, 53%, equates to a residual value of $14,837. Considering the loss of all incentives (except the dealer cash) and the higher money factor of .0285, I thought this was a pretty good deal. I know I could wait until next month or November just to see if the rates go down, but then I might now be able to find a vehicle at this price. Thoughts???? I put a refundable deposit and the deal, if completed, will be done on Tuesday (i.e., signing all of the paperwork). I would love some opinions... Thoughts???
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Replying to: gerbies1 (Sep 16, 2007 3:16 pm) Most importantly, I got the color he wanted Graphite Pearl. This was no easy feat...Seems if you wait any longer all that will be left are Silver... |
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I'm looking into leasing a 2008 Accord EX-L I4 MT NAVI, MSRP of 27,895. I'm also looking to get the Rear Wing Spoiler and the Rear View Camera accessories, which are 499 and 464. When doing the lease calc for residual which price do you I use, the MSRP of 27,895 or the 27,858 with the added accessories? If it's the latter, is it better to try to work a deal having the dealer just keep the MSRP as the basis for the calculation and add in the accessories to the Capital cost? Thanks! Andy
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I just got a quote on an EX-L 4cyl, Navi, $375+tax for 36mths, 12k, or 48mths $355+tax. This Lease deal is with 2k down at signing. In my opinion, this is not bad at all, considering the car just came out, though I have had some offers closer to the $400 mark for this same model, Also for a car without the navi. This seems like a good deal, Though I am not going to do it right now, but this shows me what the market is like right now, and that months from now, it will only get better, therefore saving me more money. This deal seems good for someone who is looking for a great car, I already lease an 06 accord, and its still like new, so I am waiting, but for a new owner of an accord, Go for it! Have fun, Remember, the deal is on your terms, send in many email quotes. Don't throw away your money, because a dealer wants to mark up their cars. Work on price, then mention/add the accessories. You'll get a better deal. Remember, the more you wait, the better chance of getting a deal. Don't be in a rush.
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Replying to: bvdj84 (Sep 20, 2007 7:20 am)
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Replying to: chk_price (Sep 25, 2007 6:28 am) |
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| Does anyone have a list of the October Residuals and Money Factor? | |
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Replying to: confused13 (Aug 31, 2007 8:05 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: cody14 (Sep 03, 2007 10:03 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: bvdj84 (Sep 03, 2007 7:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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