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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
2746 messages, Last post on Sep 05, 2008 at 8:52 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I'm having trouble understanding the terms, so, can somebody give me an example, using the lease figures, for a price of $23,000, 10,000 mi per year on a 36 month lease. I don't understand what you plug in to come up with the number. Also where is the lease calculator located on the web? Thanks in advance, I posted a similar request on the Ford Edge discussion, but, not responses.
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How does Honda do rates/tiers for leasing? I'm a soon to be college grad and I wanna make sure I can qualify for a lease on my own. Don't worry, I'm not getting more car than I can afford, I made sure of it! Anyway, I don't have any mortgages or anything like that, only a credit card I use and pay off every month. My credit score was reported at 720, but I'm afraid this is not good enough. Will my parents have to co-sign or take the lease in their name? Anyway, how does Honda approve leases, and do they do any lease rate tiers/levels I should know about? I may be coming to this discussion a little late, but better late than never, right?
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Replying to: bg1811 (May 04, 2008 1:27 pm) The term itself isn't part of the formula, however, based on the term you want, the dealer can provide you with the residual and money factor numbers you need to calculate your lease. |
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Replying to: catalyst6 (May 04, 2008 1:37 pm) Right now, the only concern I would have is more about whether your history is long enough vs if your score is high enough. |
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I just got an offer from D and C Honda of Tenafly (great quick responses) on the following: 2008 Honda Accord EX V6 Sedan MSRP - $26,595 Sale Price - $24,553 36 months 12k p/ year Residual - $15,957.00 Money factor is .0020 Monthly - $309.54 w/ tax Taxes - $2,056 (will prepay as down payment) Is this a fair offer or too much? Thanks
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Replying to: arache97 (May 05, 2008 1:24 pm) I ended up at Rt22 Honda in Hillside LXP $1,000 dn, 12,000 m 36 mths. $265.00 out the door last week of March. I let other people do the shopping for me vie the internet and real life pricing, my daughter knows the credit mgr. very well down there. Look them up if you havent already. Other than that sounds like a good price as of now.
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Replying to: packer3 (May 06, 2008 8:33 am) What about prices/deals on sign and drives, i.e. $0 money down, including first months payment and all taxes/fees rolled into monthly payments. I don't know why people still put money down, as Car_Man always says, "never put money down." If the car gets totalled or stolen you lose all your money. My last lease was a total sign and drive for less than $300 on an Accord. Hoping for the same. Anyone else get a sign and drive deal?
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Replying to: prince2100 (May 06, 2008 10:10 am) Hey you know what I say if you can get the car within your budgat go for it. My choice is the $1000, it ends up as your first mth payment, dest, taxes etc so you either pay those up front or your going to pay it in the monthly payments. As you know over 3 years it's nice to know what your monthly payments are in case you opt to go out and buy something else on credit and can't can't pay for it in cash. |
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Hello Claires, could you kindly provide me with the residual and rate factor for the above referenced vehicle as it pertains to a 36/12 and 36/15K. Many Thanks.
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Replying to: kerb (May 06, 2008 5:11 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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