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Honda Accord Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#2388 of 2514
Re: MF [catalyst6] by dwynne
May 11, 2008 (6:25 pm)
Reply

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)
Reply
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?
#2390 of 2514
Re: ok [catalyst6] by Car_man HOST
May 12, 2008 (4:06 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#2391 of 2514
Accord Coupe EX 4cyl. by thero0kie
May 15, 2008 (5:12 pm)
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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 ?
#2392 of 2514
Monthly Payment For... by nickerz
May 15, 2008 (5:54 pm)
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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?
#2393 of 2514
Re: Monthly Payment For... [nickerz] by packer3
May 15, 2008 (6:08 pm)
Reply

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.
#2394 of 2514
Re: Monthly Payment For... [packer3] by bvdj84
May 15, 2008 (7:07 pm)
Reply

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)
Reply

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
#2396 of 2514
Re: Accord Coupe EX 4cyl. [bigdove] by bvdj84
May 16, 2008 (9:51 am)
Reply

Replying to: bigdove (May 15, 2008 11:38 pm)

That is exactly where you need to be on that model and lease!!
 
Congratulations!
 
Enjoy your new ride!
#2397 of 2514
dealer by catalyst6
May 16, 2008 (1:36 pm)
Reply
So I had my first serious negotiation with a dealer today. Looked at LX-S coupe. I eventually had to walk because he would not budge in price.
 
MSRP: $23565
Sale Price: $21200
Tax: 3%
Doc Fee: $395
Acquisition Fee: $650
Money Factor: .00245
Residual: 58%
 
I wanted to put $1800 down, but he's coming up with $267.12 a month with $2500 down. I still feel this is really high. I've played with some lease calculators and it appears to get the payment I want (~$230) I'm gonna have to cut the acquisition cost in half and get the price of the vehicle down to $20,000.
 
He looked at me like I was crazy when I asked to go lower. Am I for expecting that? The only other option is to wait for a better money factor.

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