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Honda Accord Lease Questions

2514 messages,  Last post on Jul 01, 2008 at 8:54 AM

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

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#2386 of 2514 Re: 2008 Accord EX-L Lease [exhaust] by dwynne May 11, 2008 (10:22 am)
Replying to: exhaust (May 10, 2008 2:26 pm) The way to do a lease is to negotiate the price of the car first - down near invoice. Then apply the lease money factor and residual to see where the payment lands. Then add taxes and you are done - a good lease deal. This "I paid $xxxx down and got $yyy per month is just not the way to either judge a deal or compare a deal.   Deal the price down first, then worry about the payment.   In your case your lease is longer than the base warranty on the car, which you should not do. You are also putting too much money into the lease up front.   Dennis
#2387 of 2514 MF by catalyst6 May 11, 2008 (5:55 pm)
After reading through these posts, how can the money factor vary?   I thought these were set rates for the U.S. through AHFC. I see some people getting .002 and others over .0028. Replies to this message: dwynne (May 11, 2008 6:25 pm)
#2388 of 2514 Re: MF [catalyst6] by dwynne May 11, 2008 (6:25 pm)
Replying to: catalyst6 (May 11, 2008 5:55 pm) The money factor offered depends on your credit score. Also, dealers can mark up the lease rate for extra profit - but few Honda dealers do this. Some of the leases could be from 3rd party banks and not from Honda.   Dennis
#2389 of 2514 ok by catalyst6 May 11, 2008 (7:05 pm)
ah I see. In that case, do you happen to know the money factor for accord LX-S coupe?   I was told I qualified for top tier credit from Honda but I haven't been able to get the money factor and residuals yet? Replies to this message: Car_man (May 12, 2008 4:06 am)
#2390 of 2514 Re: ok [catalyst6] by Car_man HOST May 12, 2008 (4:06 am)
Replying to: catalyst6 (May 11, 2008 7:05 pm) Hi catalyst6. Honda Finance's current buy rate lease money factor for a 36 month lease of a 2008 Honda Accord LX-S Coupe for a consumer who qualifies for its "Super Preferred" credit tier and pays a security deposit at lease signing is .00235.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2391 of 2514 Accord Coupe EX 4cyl. by thero0kie May 15, 2008 (5:12 pm)
Hi guys! im new to leasing, right now im just researching which car to get. I wanted to get the Accord Coupe but the monthly payment is almost the same as that for the acura tl or an audi a4. here are the details that i was told over the phone. 650 down, 36 month lease, 15000 miles, 2008 Honda accord coupe Ex. 385 + tax a month MSRP : 24595 MF : 0.00245 Residual : 14019.15 ( 57 %) I haven't haggled or anything with the dealer as yet, this the quote that he offered me over the phone. I think the payment is too high for a accord, what do u guys think would be a reasonable monthly payment for a 2008 honda accord coupe ? Replies to this message: bigdove (May 15, 2008 11:38 pm) bvdj84 (May 16, 2008 9:51 am)
#2392 of 2514 Monthly Payment For... by nickerz May 15, 2008 (5:54 pm)
I'm interested in leasing for only 24 months, 15K miles/month but I would like to have Navigation. Any chance of getting the monthly payment under $400/month for this setup? Replies to this message: packer3 (May 15, 2008 6:08 pm) bvdj84 (May 15, 2008 7:07 pm)
#2393 of 2514 Re: Monthly Payment For... [nickerz] by packer3 May 15, 2008 (6:08 pm)
Replying to: nickerz (May 15, 2008 5:54 pm) Save your money 24 mths leases are a waste of money down payments are usually $2,000 and up,and 2 years goes fast. Replies to this message: bvdj84 (May 15, 2008 7:07 pm)
#2394 of 2514 Re: Monthly Payment For... [packer3] by bvdj84 May 15, 2008 (7:07 pm)
Replying to: packer3 (May 15, 2008 6:08 pm) Ya, Plus I would look at other models for now, when looking for a lease, the Accord lease is too high, after all the accord will always be there, so look at other leases and you'll see you get more bang for the buck. Such as the Acura TL or 08 Acura TSX, better deals can be had for these models. I am waiting a few years to get an Accord, and who knows maybe, I will like another car even more. But, I truly love Honda!   Although worth the extra expense for an Accord, I would still wait to lease one. Especially in a year or so they'll have better deals.
#2395 of 2514 Re: Accord Coupe EX 4cyl. [thero0kie] by bigdove May 15, 2008 (11:38 pm)
Replying to: thero0kie (May 15, 2008 5:12 pm) hi we leased 2008 honda accord exl 4 door NO money down except 1st month and registration for 339.00 plus tax Replies to this message: bvdj84 (May 16, 2008 9:51 am)

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