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Honda Accord Lease Questions

3602 messages, Last post on Nov 10, 2009 at 8:51 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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kyfdx, CAR_MAN - I'm in the process of leasing an '09 Accord EX, and this is my first lease so i wanted to get your advise on a couple of questions as I await quotes from some dealers in Chicago What is the current residuals on the EX for a 36mo lease for both the 12K or 15K mi/yr option? Also, can I assume from your other postings that the M.F. for this car is .00184 for both mileage amounts? We are trying to decide between 12k and 15k for the deal, as we think we are likely to travel 13-14k/yr. Is $.15/mi on a 12k lease typical for excess mileage and what's usually the break-even mileage between a 15k lease and a 12k plus excess mileage charges? (i can calculate it if there isn't a easy guideline) I'm also shooting for invoice ($21993) as the selling price on this vehicle based on your advice, but i'm curious how to handle other fees from the dealer such as the destination charge. Do you think that I can get straight invoice given the current environment or should I bake in the destination charge? Lastly, is there any advantage to putting money down (besides lower payments)? If putting money down will get me a lower M.F. or higher residual, I'm willing to do it, but at ~4.4%, i can't borrow cheaper than that so I don't want to part with any more cash than I have to. Thank you for your advice in advance. This board has been extremely helpful for a leasing newbie and I'm looking forward to my first transaction - ac21
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Replying to: Car_man (Nov 13, 2008 6:08 pm)
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Replying to: dg915 (Nov 18, 2008 5:58 am)
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