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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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#2900 of 3624
EX by asheh
Dec 02, 2008 (6:53 pm)
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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)
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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)
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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)
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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)
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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)
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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)
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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
#2907 of 3624
Re: End of Lease inspection [goody59] by tenstepn
Dec 03, 2008 (6:07 pm)
Reply

Replying to: goody59 (Dec 03, 2008 11:30 am)

Hey Goody59! Thanks for the reply! I don't know why I am so nervous about this damn inspection! My very minor rear clip replacement looks like brand new, but just the fact that it's been repaired worries me..oh well. The rest of my car is in great shape.
 
So what happened with the inspection of your car? What did they check? How long did it take? Do they tell you on the spot if you have anything billable? I would like to buy a new Accord the minute they are done with my inspection but don't want any surprises later on! Did you have your car detailed before the inspection? Did they ask for service records? If so I need to get my reprinted. I'm aware of what is on the Honda website but am interested in personal experiences...
 
Thanks!
#2908 of 3624
Re: End of Lease inspection [tenstepn] by kyfdx HOST
Dec 03, 2008 (6:58 pm)
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Replying to: tenstepn (Dec 03, 2008 6:07 pm)

I can't recall exactly... but, the damage to our '01 Accord was somewhere between $9K-$11K.. The rear of the car was pushed in all the way to the rear window..
 
When the lease was up in 2004, I just drove in, and dropped off the keys.. No charges..
 
So... get the pre-inspection.... then, don't sweat it..
#2909 of 3624
Re: [toyoman8] by Car_man HOST
Dec 04, 2008 (2:42 am)
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Replying to: toyoman8 (Dec 02, 2008 5:27 am)

Hi toyoman8. Given the weakness of the economy in general and the auto sector in particular, the fact that we are talking about a leftover model, and the fact that Honda is running a year-end objective-based dealer cash program on it you should have no trouble getting a 2008 Accord for dealer invoice or less.
 
Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 22008 Accord EX-L V6 Sedan without navigation with 12,000 miles per year are .00300 and 54%, 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

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