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Honda Accord Lease Questions

3624 messages,  Last post on Nov 24, 2009 at 7:59 AM

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

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#2890 of 3624 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 3624 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 3624 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 3624 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 3624 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 3624 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 3624 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...
#2897 of 3624 Re: Accord EXL V-6 Lease [goody59] by Car_man HOST Dec 02, 2008 (4:07 am)
Replying to: goody59 (Nov 21, 2008 7:17 pm) Congratulations on getting your new Accord, goody59. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride !   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#2898 of 3624 by toyoman8 Dec 02, 2008 (5:27 am)
hello. I live in Houston, TX and interested in leasing Accord EX-L 6cyl. 36mos x 12k   My first question for people who know:   1. Is it doable to get an 08 accord for an invoice or bellow? 2. Money Factor 3. Residual Value 4. Aquis. Fees Replies to this message: Car_man (Dec 04, 2008 2:42 am) isellhondas (Dec 04, 2008 8:22 am)
#2899 of 3624 Need Quick Help Please. by kiml4 Dec 02, 2008 (8:13 am)
Hi: I am at the end of my Honda lease and only have a 10 day extension. This time I want to lease an Accord sedan XL 4 cyl. Unfortunately I cannot take the time to research pricing, or do hard negotiations. Could anyone tell me what would be a fair monthly payment in Long Island, NY, with no out of pocket (except tags) for 36-39 months? I need to have the lowest monthly payment as possible and would put everything else into the back end.   Thanks so much for your help. I don't like doing business like this, but it was not intentional neglect. My mom passed away recently after a long illness and my mind has been trying to deal with that. Again thanks!   Best, Kim Replies to this message: Car_man (Dec 04, 2008 2:49 am) ndfan1996 (Dec 04, 2008 10:54 am) Car_man (Dec 19, 2008 4:13 am)

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