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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
2739 messages, Last post on Aug 28, 2008 at 12:14 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: dade711 (Mar 20, 2008 7:27 pm) |
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Replying to: robtroxel (Mar 20, 2008 8:30 am)
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i just got a residual quote of .59 on an 08 accord with a money factor of .00245 is that about average from what everyone else is seeing?
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Replying to: gforce11 (Mar 21, 2008 12:06 am)
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Replying to: robtroxel (Mar 22, 2008 3:01 pm) The manual may have warned against not using premium for 2004/2005 models. Your warranty will not be voided by using 87 octane on a 2008. You just may not get the last few horsepower at the top end of it's performance.
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Replying to: jaxs1 (Mar 22, 2008 3:32 pm) "As before, the 2009 Acura TSX is available with either a six-speed manual or five-speed automatic transmission, and the only engine remains a high-revving, 2.4-liter inline-4 with a 7,100-rpm redline that prefers premium fuel."
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Replying to: robtroxel (Mar 23, 2008 3:53 am) The only thing that matters is what's printed in the manual. Even that article doesn't say you must use premium or the engine will be damaged and you will void the warranty. |
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Replying to: bgates222 (Mar 22, 2008 1:38 pm) 2008 Honda Accord EX I4 Sedan Automatic 24 Month Residual 69% of MSRP .00355 Base Rate 36 Month Residual 61% of MSRP .00255 Base Rate 48 Month Residual 52% of MSRP .00235 Base Rate 60 Month Residual 37% of MSRP .00245 Base Rate 2008 Honda Accord EX V6 Sedan Automatic 24 Month Residual 68% of MSRP .00355 Base Rate 36 Month Residual 60% of MSRP .00255 Base Rate 48 Month Residual 51% of MSRP .00235 Base Rate 60 Month Residual 37% of MSRP .00245 Base Rate 2008 Honda Accord EX-L I4 Sedan Automatic 24 Month Residual 66% of MSRP .00355 Base Rate 36 Month Residual 60% of MSRP .00255 Base Rate 48 Month Residual 51% of MSRP .00235 Base Rate 60 Month Residual 35% of MSRP .00245 Base Rate 2008 Honda Accord EX-L I4 w/Navigation Sedan Automatic 24 Month Residual 64% of MSRP .00355 Base Rate 36 Month Residual 58% of MSRP .00255 Base Rate 48 Month Residual 49% of MSRP .00235 Base Rate 60 Month Residual 34% of MSRP .00245 Base Rate 2008 Honda Accord EX-L V6 Sedan Automatic 24 Month Residual 66% of MSRP .00355 Base Rate 36 Month Residual 59% of MSRP .00255 Base Rate 48 Month Residual 50% of MSRP .00235 Base Rate 60 Month Residual 35% of MSRP .00245 Base Rate 2008 Honda Accord EX-L V6 w/Navigation Sedan Automatic 24 Month Residual 64% of MSRP .00355 Base Rate 36 Month Residual 57% of MSRP .00255 Base Rate 48 Month Residual 48% of MSRP .00235 Base Rate 60 Month Residual 34% of MSRP .00245 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms |
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My situtation: So I am leasing a 2005 Honda Accord 4DR EX-V6 (with all the extras navigation, leather, all the perks, and my car is in top condition). My lease is ending on July 14th, 2008 and I want to buyout my car. It is in great condition and I am under my miles. The buyout is $14,000. I am a young single female and I want to negotiate and pay less for my buyout. I am able to pay in cash. Edmonds true market value is as follows: Trade-In value $14,788 Private Party value $16,384 Dealer Retail value $17,586 My questions: Do I have room to negotiate with cash? How should I go about doing this? Edmonds recommends calling Honda and talking to someone regarding buyout options, should I do this? Should I go to a dealership in person and hand them cash personally? Should I buyout before my lease is up? Is there anything else that I need to lookout for? If you have any experience with this I would greatly appreciate any help. This is my first lease and I am trying to make smart decisions.
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