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Honda Accord Lease Questions

2781 messages,  Last post on Oct 06, 2008 at 8:21 PM

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

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#2401 of 2781 Re: money factors [catalyst6] by dwynne May 16, 2008 (7:38 pm)
Replying to: catalyst6 (May 16, 2008 7:04 pm) I would hope so. They have been high ever since the new Accord launched. "Back in the day" (3 years ago in my case) you could get a MF that worked out to around 15 to 2% effective interest and not this nearly 6% rate they offer now.   If folks would quit leasing at these high rates Honda will have to drop them to lease Accords.   Dennis
#2402 of 2781 Re: Buying an end-of-lease Accord [cjb8] by gtomberlin May 16, 2008 (10:44 pm)
Replying to: cjb8 (Apr 28, 2008 9:09 am) From mid 2003 until February 2007, I ran Finance and Insurance for a Honda Dealer. During that time, they were 100% Non-negotiable on the residual purchase price option that had been stated on a lease contract they had financed. If your mileage was in line with the lease terms, Honda Financial Services was extremely accurate with their residual estimates from 3 to 3.5 to 4 years earlier when you committed to your lease. If your were over your contracted mileage, you would be responsible for mileage penalties that would essentially offset any losses they would incur at the auctions for excess-mileage Accords. I expect that eventually Accord end of term values may become negotiable as with Domestic Manufacturers Lenders, but only if Honda Financial Services begins experiencing losses at auctions on lease turn-ins.
#2403 of 2781 08 Accord Sedan EXL 4cyl auto Residuals and MF's by gtomberlin May 16, 2008 (10:50 pm)
Does anyone know what current residual %'s and Money factors are for 08 Accord Sedan EX-L I4 w/automatic trans through Honda Financial Services for 36 months and 12,000 miles per year? Replies to this message: Car_man (Jun 05, 2008 3:48 am)
#2404 of 2781 LXP quote by clasys May 17, 2008 (2:49 pm)
Hi all,   Just wanted to share a quote I just got from one of NJ dealers. Their internet rep is very nice and gave all the details via email & phone.   2008 Honda Accord LX-P Auto MSRP $22,795 Invoice $20,720 Net cap cost $20,645 Residual 61% MF 0.002 Fees (bank fee $595, doc fee $199, tire tax $7.50, MV fee $187.50) $989 Term 36 mo Mileage 12,000 year   $283 + tax a month, with only 1st month due at signing.   Negotiated price (net cap cost) is just $75 below invoice, I feel I can lower it by another couple of hundreds if I come in.This is basically 1st fully detailed quote I got in a week from 7 dealers I've been trying to work with via email without coming in first. Others have been like "your lease will be 269 a months for 36 months 10,000 miles a year." Thats it.   Whats you guys think of it? Replies to this message: packer3 (May 17, 2008 3:53 pm) clasys (May 18, 2008 4:48 am)
#2405 of 2781 Re: LXP quote [clasys] by packer3 May 17, 2008 (3:53 pm)
Replying to: clasys (May 17, 2008 2:49 pm) Not to bad, including tax will proably be around $300 per mth, are you sure there is no other monies to put down, the $269 is better if you can live with the 10M.nothing down.also make that first payment go away if they want your business. I put down $1,000 3/36 12,000 miles $265 per mth. for my LXP at Rt.22 Honda in Hilsdale that was the out the door price. Replies to this message: clasys (May 18, 2008 4:48 am)
#2406 of 2781 price by catalyst6 May 17, 2008 (7:57 pm)
The dealer I spoked about in a few posts up went down to $257.   I think this is probably the best I can get at the current money factor? Should I bite? I still feel its a bit much considering I could probably almost do a EX sedan for that price.   Now to find one in Polished Metal Metallic
#2407 of 2781 Re: LXP quote [packer3] by clasys May 18, 2008 (4:48 am)
Replying to: packer3 (May 17, 2008 3:53 pm) Thats what dealer told me, nothing down, just 1st payment out the door. Your 265 does that include tax? I got quote from rt 22 honda too, they want 295 + tax, all included. Didn't give me the breakdown though. Just 295 + tax, all included, with 1st payment due at signing. Who did you work with Rt 22 Honda? Thanks!
#2408 of 2781 Lease by packer3 May 18, 2008 (5:19 am)
Yes $265 was with the tax included $1,000 down. The finance manager is who I worked with his first name starts with an M!!. If your putting nothing down then tell these guys what that means, they eat the 1st payment also. Just tell him where you want to be because of your budget. Replies to this message: lunchmeats (May 28, 2008 4:32 am)
#2409 of 2781 Re: dealer [catalyst6] by mikeatschaller May 27, 2008 (6:48 am)
Replying to: catalyst6 (May 16, 2008 1:36 pm) dont hold your breath too long I work at a honda dealer in connecticut and that is a great price for that car. There isnt gonna be any specials on coupes this year. We cant even get coupes in colors people want as is. Why put incentives on cars that dont need it.
#2410 of 2781 Got a new lease by omkaramp May 27, 2008 (8:52 am)
Hi-   We got a new lease , just wanted to let you all know   A 2008 Honda Accord EXL $316.00 (including taxes) / Month for 36 months (no down , just taxes and first month payment of $1417)   We had returned our old lease car. Which had only 32,000 miles on it.   The MSRP of the car is 26495.00   We had just gone it to check out the Honda , and were planning to do a comparison between a honda and toyota , but they pushed us in taking one. They started with 350 , and went down to 316.   We bought it at openroadhonda in new jersey. Replies to this message: prince2100 (May 27, 2008 2:45 pm) omkaramp (May 28, 2008 6:09 am)

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