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Honda Accord Lease Questions

3625 messages,  Last post on Dec 01, 2009 at 6:00 AM

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

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#2881 of 3625 Re: should I buy my lease car - is it a good price [phxhonda] by toyoman8 Nov 30, 2008 (6:36 pm)
Replying to: phxhonda (Nov 07, 2008 7:04 pm) forget KBB, go on craigslist and see what other sell the car for. go on cars.com and see what other dealers and people sell it for if the residual value is close to what people sell, then you did good buy the car off, if not well you know the answer to your question Replies to this message: phxhonda (Dec 08, 2008 10:17 am)
#2882 of 3625 Re: lease offer [bvdj84] by bulion33 Nov 30, 2008 (10:20 pm)
Replying to: bvdj84 (Nov 23, 2008 7:09 am) Hi bvdj84...I too was offered a similar quote to yours. Here's what a dealer in SoCal quoted me:   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? Replies to this message: zman16 (Dec 01, 2008 5:56 am) bvdj84 (Dec 01, 2008 10:06 am) jhinsc (Dec 01, 2008 7:37 pm) bulion33 (Dec 01, 2008 8:00 pm)
#2883 of 3625 Re: lease offer [bulion33] by zman16 Dec 01, 2008 (5:56 am)
Replying to: bulion33 (Nov 30, 2008 10:20 pm) Hi Bulion,   That is a great deal if he holds up on the quote. I would be suspicious but they could be getting extra incentives from honda for meeting a sales quota or something.   Let us know how you make out.
#2884 of 3625 Re: Central NJ Lease Quote [asheh] by 2keylicious Dec 01, 2008 (9:26 am)
Replying to: asheh (Nov 29, 2008 12:14 am) i got a quote from a honda dealer on an LXP sedan - 36/12 $259 month with $1800 out of pocket (tax, DMV, first payment). can i do better?
#2885 of 3625 Re: lease offer [bulion33] by bvdj84 Dec 01, 2008 (10:06 am)
Replying to: bulion33 (Nov 30, 2008 10:20 pm) $670 would be considered monies down wouldn't it? I would not pay that. Why are they asking that? Yes, good deal! Replies to this message: jhinsc (Dec 01, 2008 7:37 pm) bulion33 (Dec 01, 2008 8:00 pm)
#2886 of 3625 End of Lease inspection by tenstepn Dec 01, 2008 (7:16 pm)
Hey guys! I have an end of lease inspection scheduled for next week, and I was just wonder what to expect...I'm a little nervous. Someone rear ended me last March, and did about $1500 worth of damage (confined to the deck lid and rear bumper cover) is this something they are going to ding me for?   What about little stuff? Dings - got a couple, scratches? got one of those on my passenger side mirror...   What all do they look at? Exterior body, interior? I have new tires..   maintenance records?   Anyway, someone enlighten me...they are coming to my place of employment and if everything checks out I'll be picking up an 09 Accord EXL after they are done...will I know if I owe anything after the inspection?   Ok, that's all!! really!   Thanks again! Replies to this message: jhinsc (Dec 01, 2008 7:52 pm) tenstepn (Dec 01, 2008 8:16 pm) goody59 (Dec 03, 2008 11:30 am) tenstepn (Dec 03, 2008 6:07 pm) kyfdx (Dec 03, 2008 6:58 pm)
#2887 of 3625 Re: lease offer [bvdj84] by jhinsc Dec 01, 2008 (7:37 pm)
Replying to: bvdj84 (Dec 01, 2008 10:06 am) Not necessarily. The drive-offs are probably first mo, taxes, misc fees, etc. A down payment would actually reduce the amount financed in the lease. I agree this sounds a great deal, but I would be wary until I saw the lease contract and all the numbers to be sure it was true. Replies to this message: bulion33 (Dec 01, 2008 8:00 pm)
#2888 of 3625 Re: End of Lease inspection [tenstepn] by jhinsc Dec 01, 2008 (7:52 pm)
Replying to: tenstepn (Dec 01, 2008 7:16 pm) Did you have the damage repaired? If not, of course they're going to "ding" you for it. I assume you have an Honda now, and if you have an Honda lease, you can go to the Honda.com website and look up under financial services what the expectations are at lease-end. Replies to this message: tenstepn (Dec 01, 2008 8:16 pm)
#2889 of 3625 Re: lease offer [jhinsc] by bulion33 Dec 01, 2008 (8:00 pm)
Replying to: jhinsc (Dec 01, 2008 7:37 pm) Yes, you are correct. It's actually first month (with tax included), misc fee, etc. I am NOT putting anything down. It's funny though because the dealer said that he would honor this quote and that it's a legit deal but yet would not give me the selling price of the car. He gave me some "internet special" price as I guess the selling price when he initially sent me his quote but when I did the math with the numbers didn't come out to what was quoted. I am supposed to go into the dealership some time this week so I will keep you all posted.
#2890 of 3625 Accord Lease Buyout Questions by teach42 Dec 01, 2008 (8:01 pm)
The lease on my 2007 Accord V6 SE 4dr goes up in January and I'm debating what to do. Residual is 16,894. Car has 18,500 miles, on a 12K per year lease, so I'm well under.   What I don't understand is how to determine what the car is actually worth. Do I have any positive equity in the car that I could use as a trade in towards a new car/lease? Or should I just buy it out since I know the miles are relatively low and I know I've driven it easy...   This is my first lease, so I'd appreciate any assistance people can give me.

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