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Honda Accord Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#2897 of 3624
Re: Accord EXL V-6 Lease [goody59] by Car_man HOST
Dec 02, 2008 (4:07 am)
Reply

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
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Prices Paid: Buying & Leasing Experiences Forum
#2898 of 3624
by toyoman8
Dec 02, 2008 (5:27 am)
Reply
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
#2899 of 3624
Need Quick Help Please. by kiml4
Dec 02, 2008 (8:13 am)
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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
#2900 of 3624
EX by asheh
Dec 02, 2008 (6:53 pm)
Reply
Car_man,
 
Please tell me what you think of this.
 
The selling price for the 09 Accord EXL 4cyl. sedan auto is $24,120 incl. D+H. The money factor is .00184 and the residual is $16,424.25. There is no security deposit due.
 
lease quote for the 09 Accord EXL 4cyl. sedan auto. Honda
lease: 36/12 K with $2000 out of pocket your monthly payment will be $269 + tax for 36 mos.
#2901 of 3624
Re: EX [asheh] by bvdj84
Dec 03, 2008 (7:02 am)
Reply

Replying to: asheh (Dec 02, 2008 6:53 pm)

I think your deal is good, but lose the money down, as it only saves you about $60 per month. I would just do the $0 down deal, around $330 or so a month $0 down. Keep your $2k! Its a lease, you'll feel more comfortable with the money in the bank. With the ways things are right now, having a bigger nest egg, will make you more happy. Though that payment is very attractive, but with a price tag. The $0 down payment is still very nice too! But, to each their own, perhaps that $60 or so on the payment saved will help you, making a difference each month.
#2902 of 3624
Re: EX [bvdj84] by kingpcgeek
Dec 03, 2008 (7:47 am)
Reply

Replying to: bvdj84 (Dec 03, 2008 7:02 am)

Any leasing expert will tell you do not do a cap cost reduction (down payment). You risk losing some or all of your cap reduction as soon as your drive off the lot if your car is totaled or stolen. Insurance companies only pay for the market value of a lost or stolen car, and the depreciation starts as soon as the tires hit the road with you behind the wheel.
 
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
#2903 of 3624
Re: EX [kingpcgeek] by asheh
Dec 03, 2008 (7:52 am)
Reply

Replying to: kingpcgeek (Dec 03, 2008 7:47 am)

Thanks king, the 2k down was fees and registration.
#2904 of 3624
Re: End of Lease inspection [tenstepn] by goody59
Dec 03, 2008 (11:30 am)
Reply

Replying to: tenstepn (Dec 01, 2008 7:16 pm)

My Accord that I just turned in had $525 (as per Insurance Co.) worth of damage to the front end from an accident in mid 2008. As my deductible was $500, I decided to roll the dice and not fix it. Just got my report from the leasing company and they are charging me $0 for the damage.
#2905 of 3624
by marys236
Dec 03, 2008 (2:10 pm)
Reply
I noticed several people posting what looks like lease offers they received from a dealer by email. I leased my 2006 EX-L in 2006, my lease is up in a few months and I plan to lease a new one, but back in 2006, I could not get any dealer in my area to give me a lease quote by email, and I tried at several dealers (OKC area). I negotiated the price of the car by email with the internet sales dept., but had to go to the dealer and spend several hellish hours in the business office to get the lease deal done (which seemed ridiculous, there wasn't really anything to negotiate). My question is, how do you get them to give you the lease quote by email? I'd like to get everything done ahead of time and just go in to sign the papers.
#2906 of 3624
Re: [marys236] by asheh
Dec 03, 2008 (4:46 pm)
Reply

Replying to: marys236 (Dec 03, 2008 2:10 pm)

Well, I follow up my email with a call and tell them that if the price is right I will offer a deposit over the phone via a credit card. Since there is no risk on the deposit they are more than willing to give me a quote. Hope that helps and if you would like I can post my email.
 
Ashe

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