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Honda Accord Lease Questions

3625 messages,  Last post on Dec 01, 2009 at 6:00 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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#2843 of 3625 Re: [drnick5] by kyfdx HOST Nov 05, 2008 (1:30 pm)
Replying to: drnick5 (Nov 05, 2008 1:12 pm) I get your point about possibly giving up equity in the car (no matter who it belongs to), but you should probably check current pricing before making that assumption.   It's possible that your car isn't worth the residual, even with the low miles.   regards, kyfdx
#2844 of 3625 by drnick5 Nov 05, 2008 (1:37 pm)
thanks for the tip kyfdx,   I did a quick KBB lookup and got a trade in price of about 14,000 and a private party price of about 16,000 (assuming good condition, 4 out of 5 stars)   so I guess I'm not really forced into buying it, but I have no complaints about the car and I did buy the extended warranty (although I coudl transfer that if I decided to sell it)   decisions decisions....problem is I wouldn't lease a new accord (my brother has an 08 exactly like mine, I don't like how big they have gotten, although the car is nicer) Replies to this message: kyfdx (Nov 05, 2008 1:40 pm) kingpcgeek (Nov 05, 2008 1:46 pm)
#2845 of 3625 Re: [drnick5] by kyfdx HOST Nov 05, 2008 (1:40 pm)
Replying to: drnick5 (Nov 05, 2008 1:37 pm) I know what you mean... the Accord sort of out-grew us, rather than the other way around, as well..   The good thing? If you want smaller, you can move down in class. Get a car that is virtually as big as your old Accord, and save money.. (I like the Mazda3).
#2846 of 3625 Re: [drnick5] by kingpcgeek Nov 05, 2008 (1:46 pm)
Replying to: drnick5 (Nov 05, 2008 1:37 pm) What matters is what the residual value at the end of your lease term. That is what you have to pay Honda if you want to buy the car at the end, there is no negotiation to that price.   Be very leery of KBB values at this time. With new car sales so slow, dealers are dropping prices like never before, which in turn drops used car values. This summer I looked at trading in my wife's 06 IS250 for an 08. KBB showed a trade in value of about 22K. No dealer would give me more then 20K.   People on these forums are buying brand new Accords for 19k or less so that is going to depress the market of used Accords.
#2847 of 3625 by drnick5 Nov 05, 2008 (1:54 pm)
well, the problem is I won't be able to find a new accord with the features I want (I had to order mine, my brother just got an 08 and he had to order his as well)   I paid about 24,500 for my accord, a new one just like it would be about 28,000 or so. don't think thats going ot be an option
#2848 of 3625 Re: Lease rates better? [bvdj84] by bvdj84 Nov 06, 2008 (7:11 am)
Replying to: bvdj84 (Oct 30, 2008 4:40 pm) Well, I have decided the TSX is a better lease option for me, the Accord is a bit steep for its price, when I can get nice base model TSX with more options, for literally not much gap between the Accord. $370 for a 4cyl Accord no navi? For a little more, I can get a TSX. Replies to this message: 10sfan (Nov 06, 2008 8:45 am)
#2849 of 3625 Re: Lease rates better? [bvdj84] by 10sfan Nov 06, 2008 (8:45 am)
Replying to: bvdj84 (Nov 06, 2008 7:11 am) I have a similar delima, but based on the past 6 years of owning Acura's and using both Honda and Acura dealerships, (several in my area) Acura customer service and overall treatment from start to finish is better. Loaner vehicles are never a problem and your TSX has 12k miles and 1yr longer on the warranty.
#2850 of 3625 Money Factor and Residual Value Question by cruiser8_8 Nov 06, 2008 (1:52 pm)
Could someone tell me what's the current money factor and residual value for a 2009 EX-L with Navi (4-cylinder). I am looking for the lease buy rate for 12k/yr and 15k/yr on a 36 months lease. The dealer is quoting me a 57% residual on a 36 months and another quoted me 57% on the same 36 months (I am suspicious now). Which is the correct current residual value...?   Thanks in advance... Replies to this message: kingpcgeek (Nov 06, 2008 2:45 pm)
#2851 of 3625 Re: Money Factor and Residual Value Question [cruiser8_8] by kingpcgeek Nov 06, 2008 (2:45 pm)
Replying to: cruiser8_8 (Nov 06, 2008 1:52 pm) The dealer is quoting me a 57% residual on a 36 months and another quoted me 57% on the same 36 months   HUH?
#2852 of 3625 Residual value on 36 months Lease ??? by spidy99 Nov 06, 2008 (7:16 pm)
Could someone (Maybe a Host) tell me what's the current money factor and residual value for a 2009 EX-L with Navi (4-cylinder). I am also looking for the lease buy rate for 12k/yr and 15k/yr on a 36 months lease. The dealer is quoting me a 57% residual on a 36 months (12 k/yr) and another quoted me 59% (12k/yr) on the same 36 months (I am suspicious now). Which is the correct current residual value... and M.F. curent in place?    Thanks in advance... Replies to this message: Car_man (Nov 07, 2008 4:17 am) spidy99 (Nov 08, 2008 8:05 pm) bvdj84 (Nov 09, 2008 8:10 am) Car_man (Nov 13, 2008 6:34 pm) and 3 more...

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