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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3624 messages, Last post on Nov 24, 2009 at 7:59 AM
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Just signed the papers in Northern NJ at Mahwah Honda for a 2009 Accord 4 door Sedan EXL V6 3years/ 36000 miles Put down $923.50 for ($375.00 first month, $7.50 MV Tire Fee, $331.00 3 years registration/title fee, $3.00 Temp Plate Fee, $8.00 NJCAR DSP Service Fee, $199.00 Documentation Fee). Price $26548 ( Exactly invoice plus destination) Residual 59% MF .00184 Tax 7% Monthly payment $375.00 thru AHFC ( I redid the calcualtion when I got home and it should come out to $373.75, no complaints here. No back end purchase fees etc. Thank you to everyone on the Edmunds Forum for making this a painless transaction.
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I was offered $332 a month on an EX-L V6 with Navi, $0 Down with first payment due. I believe if I signed and drive it would be $354. Now, I am not sure what the sale price was or the lease rates were. But, does this sound right? Now, I am trying to trade or get rid of my current car, so I am hoping that I can use the deal to my advantage to absorb the negative equity. What do you think? I would be trading a 08 Pontiac G6 with 9,500 miles, leather, roof. With plummeting Pontiac values, I might get screwed. I thought I could lower it down to the 4cyl with navi to lower the lease deal, then factor in the trade. I would be happy just to get a Honda back. But getting loaded Accord sounds nice. Let me know. My payoff on the G6 is around $20-21k. Thanks guys. |
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fyi for future buyers, just signed in Chicago at Fletcher Jones Honda for a Accord Sedan EX I4 - 36mo/15K miles Balloon Financing (leasing is a bad option in Chicago); Invoice + Dest: 20662 Cash Price: 20,000 APR: 5.3% ( AHFC standard) Resididual 60% (AHFC standard) Taxes: 9.25% (i love chicago) good luck everyone. |
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Replying to: bvdj84 (Nov 23, 2008 7:09 am) Wow - $332/mo for an EX-L w/ NAV? Where was that? I'm getting quotes of 439/mo (12k/year). Any info would be much appreciated.
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Replying to: pej7445 (Nov 25, 2008 5:11 am) Now, the low quote I got was apparently an "internet" quote. |
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Replying to: pej7445 (Nov 25, 2008 5:11 am) What was your sale price on the quote? |
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Replying to: bvdj84 (Nov 23, 2008 7:09 am) |
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Here is your lease quote for the 09 Accord LXP sedan auto. Honda lease: 36/12 K with $2000 out of pocket your monthly payment will be $219 + tax for 36 mos . The 09 Accord EX 4cyl. sedan auto : Honda lease: 36/12 $2000 out of pocket your monthly payment will be $244 + tax for 36 mos. The 09 Accord LXS coupe auto : Honda lease:36/12 K with $2000 out of pocket your monthly payment will be $244 + tax for 36 mos. The 09 Accord EX 4cyl coupe auto : Honda lease: 36/12 K with $2000 out of pocket your monthly payment will be $255 + tax. Not sure what the make of it.
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Replying to: phxhonda (Nov 07, 2008 7:04 pm)
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Replying to: bvdj84 (Nov 23, 2008 7:09 am) 2009 Honda Accord Sedan EXL w/Navi MSRP $ 31,425.00 Internet $28,514.92 Lease Terms: 36 mos./ 15,000 miles $00.00 down payment 36/15K Drive off's ($670.97) $351.51 includes taxes However, when I put in his residual (55%) and money factor (.00184) the math doesn't add up. Am I calculating this wrong or is he trying to pull my leg just to get me into the dealership? I basically said that if I can get this quote in writing I'm there to pick up the car. Do you guys think this a good deal? |
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