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Honda Accord Lease Questions

3596 messages,  Last post on Nov 09, 2009 at 2:05 PM

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

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#2887 of 3596 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 3596 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 3596 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 3596 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.
#2891 of 3596 Re: End of Lease inspection [jhinsc] by tenstepn Dec 01, 2008 (8:16 pm)
Replying to: jhinsc (Dec 01, 2008 7:52 pm) Yes, the damage was repaired and looks just like new! - Thanks for your reply!
#2892 of 3596 Re: Residual value on 36 months Lease ??? [bvdj84] by Car_man HOST Dec 02, 2008 (2:51 am)
Replying to: bvdj84 (Nov 14, 2008 6:43 am) Hey bvdj84. The lease programs for the 2009 Accord and 2009 TSX are actually fairly similar right now. The TSX's residual values are slightly better, but its money factor is slightly worse.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2893 of 3596 Re: [gab2409] by Car_man HOST Dec 02, 2008 (2:57 am)
Replying to: gab2409 (Nov 15, 2008 3:30 pm) Hi gab2409. The lease programs for the 2009 Accord and 2009 TSX are actually fairly similar right now. The TSX's residual values are slightly better, but its money factor is slightly worse. Given its higher MSRP, I don't see how the TSX would be cheaper to lease right now. What quotes are you getting on both of these cars?   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2894 of 3596 Re: EX-L w/Nav coupe [gold233790] by Car_man HOST Dec 02, 2008 (3:03 am)
Replying to: gold233790 (Nov 17, 2008 7:56 am) Here's the information that you're looking for, gold233790. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Coupe EX-L 4-cylinder with navigation and 15,000 miles per year are .00184 and 55%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2895 of 3596 Re: Accord EX 36mo Lease [ac21] by Car_man HOST Dec 02, 2008 (3:10 am)
Replying to: ac21 (Nov 17, 2008 11:39 am) Welcome ac21. I;'m glas that you find this discussion so helpful. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   Here are the answers to your specific questions. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Accord Sedan EX 4-cylinder without leather or navigation with 15,000 miles per year are .00184 and 60%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing. The residual value for a lease with only 12,000 miles per year is 2% higher.   The destination charge is considered to be part of vehicles' prices. All consumers have to pay this fee. I don't know why most price guides don't automatically include it in them. Bank on including it in the price that you will have to pay. Invoice including destination is still a very good price for an '09 Accord.   Putting money down on a lease is actually a bad idea. It has no impact upon vehicles' money factors or residual values. In fact, I always advise consumers not to make any sort of capitalized cost reduction when leasing. Those who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it is much safer to go with a zero down lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2896 of 3596 Re: 09 Accord LX-P Lease Deal [dg915] by Car_man HOST Dec 02, 2008 (3:15 am)
Replying to: dg915 (Nov 18, 2008 7:24 am) Hi dg915. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will make some assumptions. Let me know if you want info for a different set of variables. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord EX-L V6 Sedan without navigation with 15,000 miles per year are .00184 and 57%, respectively for consumers who qualify for its "Super Preferred" credit tier and pay a security deposit at lease signing.   The numbers for an otherwise identical lease of an '09 Accord EX-L 4-cylinder Sedan without navigation are .00184 and 59%.   You need to have a credit score of 710 or higher to qualify for Honda Finance's top credit tier. If your score is lower than this, your money factor will be higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: darknightx13 (Dec 09, 2008 9:43 am) Car_man (Dec 19, 2008 4:27 am) joseatt (Dec 22, 2008 8:35 pm) and 1 more... dkleier (Dec 29, 2008 1:10 pm) and 1 more...

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