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Honda Accord Lease Questions

3630 messages,  Last post on Dec 06, 2009 at 9:12 PM

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What is this discussion about? Honda Accord, Car Leasing, Coupe, Sedan


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#1740 of 3630
Here's a deal on the table right now...good??? by gerbies1
Sep 16, 2007 (3:16 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???
#1741 of 3630
Re: Here's a deal on the table right now...good??? [gerbies1] by qwazr
Sep 16, 2007 (7:19 pm)
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Replying to: gerbies1 (Sep 16, 2007 3:16 pm)

I think you got a great deal. Tomorrow I am picking up my son's 2007 EX-L V6 with Navi MSRP 29,995; selling price of $24,414...36/12K lease payment including NJ tax of $377 with $1200 down including first payment, etc.
 
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...
#1742 of 3630
Question on Accessories, Are they added to the MSRP? by vital411
Sep 18, 2007 (6:46 pm)
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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
#1743 of 3630
Lease quote! by bvdj84
Sep 20, 2007 (7:20 am)
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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.
#1744 of 3630
2008 Accord EXL 4 cyclinder AT price by chk_price
Sep 25, 2007 (6:28 am)
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Replying to: bvdj84 (Sep 20, 2007 7:20 am)

Can anyone give me the buying price experience of 2008 accord EXL 4 cyclinder AT price?
#1745 of 3630
Re: 2008 Accord EXL 4 cyclinder AT price [chk_price] by vital411
Sep 26, 2007 (7:06 pm)
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Replying to: chk_price (Sep 25, 2007 6:28 am)

You're probably lookin at best 1,000 under MSRP. At least until the rest of the 07s clear out.
#1746 of 3630
October Residual and Money Factors by vital411
Oct 01, 2007 (5:38 pm)
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Does anyone have a list of the October Residuals and Money Factor?
#1747 of 3630
Re: Current Money factor and residual [confused13] by Car_man HOST
Oct 02, 2007 (1:16 am)
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Replying to: confused13 (Aug 31, 2007 8:05 pm)

Hi confused13. Honda is no longer providing lease support on the 2007 Accord. The dealer that you are working with is using the dealer cash that is available on it to provide you with an attractive selling price. If you want to lease this car through Honda Finance, you will have to use its standard lease money factor which the last time that I saw it was .00275 for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. Honda Finance's 36 month, 12,000 mile per year residual value for a 2007 Accord EX-L 4-cylinder Coupe without navigation is currently 55%. I don't believe that Honda Finance offers 10,000 mile per year leases on Honda division vehicles, but if it does, the 10k residual would probably be 1% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1748 of 3630
Re: Honda Accord: Lease Questions [cody14] by Car_man HOST
Oct 02, 2007 (1:23 am)
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Replying to: cody14 (Sep 03, 2007 10:03 am)

Hi cody14. Are you interested in a 2007 Accord or the redesigned 2008 version? The version that you want will make a big difference, both interns of the price that you will be able to negotiate and its lease program.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1749 of 3630
Re: a normal lease [bvdj84] by Car_man HOST
Oct 02, 2007 (1:52 am)
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Replying to: bvdj84 (Sep 03, 2007 7:01 pm)

Hi bvdj84. I really need to know the full MSRP and selling price of the Accord that you want to calculate a lease payment on it. Are you saying that this car's MSRP and selling price are $27,000? I will use these prices to calculate your lease payment for now. Let me know if I should be using something different. According to my calculations, if you were to lease a 2008 Honda Accord EX-L 4-cylinder Sedan that has an MSRP and a selling price of $27,000 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $406 assuming that you qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. This lease payment will be a little off is these are not this car's exact MSRP and selling price.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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