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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3626 messages, Last post on Dec 03, 2009 at 1:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: choochbertucci (Nov 12, 2008 4:54 pm) Taxes on leases are calculated differently based on the state. In most states you pay sales tax based on the monthly payment, in other states you pay taxes on the total selling price of the car, I have never heard of taxes being charged on the residual value of the car. But I do think that NJ is one of the odd ball states with regards to taxes and leases. Lease Payment Calculation Formula: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Base Rate = Interest Depreciation + Interest = Base Monthly Payment |
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| I'm pretty sure it's based on the total payments, but then paid upfront or added to the cap cost... | |
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Replying to: srq5363 (Nov 07, 2008 6:37 pm) Negotiate as low a selling price as possible on the car that you want and then have the dealer calculate your monthly payment using the aforementioned lease money factor. If I was in the market for an '09 Accord right now, I personally would shoot for a selling price of dealer invoice. You can look up this car's invoice price over in the New Vehicle Pricing section of Edmunds.com. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: spidy99 (Nov 08, 2008 8:05 pm) Honda Finance's residual values vary by trim level. You never fully described the car that you're interested in, so for now I will assume that you want an '09 Accord Coupe EX-L with nav, The 36 month, 12,000 mile per year residual value for this car is 57%. The resid for an otherwise identical lease of an EX-L V6 w/nav is 55%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 13, 2008 6:34 pm) Does it look more attractive to lease an 09 Accord or 09 Acura TSX? Please let me know, I am favoring the TSX. But, the Accord would be great too.
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I hope car_man will shed his opinion on the matter, as I have looked extensively at the two cars (TSX base and accord coupe ex-l 4 cylinder). from the quotes I received, I think I can get out cheaper on a base TSX. I think that is going to be the way to go for me.
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Replying to: gab2409 (Nov 15, 2008 3:30 pm) It does look more attractive. I would be totally happy with a base model TSX. Still be in better lease terms than the Accord. Based on quotes I got too. On the TSX you'll get a more sporty transmission, paddleshifters of the wheel, plus I really think you won't lose much style when compared to the coupe Accord. I think the TSX is very cool, or what you call, a hot car..lol. I picture mine, black on black with tinted windows. Thanks for any insight. |
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the big perks for me are the bluetooth, HID's and fog lights. other than that, I would be fine with either one. but, for the same price, it doesn't make sense to go with the accord, in my opinion.
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Replying to: gab2409 (Nov 15, 2008 6:48 pm) |
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Carman- Could you provide me with the current MF and residuals for a 2009 EX-L coup w/Nav over 36 months, 15k miles per? Thanks.
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