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Honda Accord Lease Questions

3625 messages,  Last post on Dec 01, 2009 at 6:00 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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#2905 of 3625
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 3625
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 3625
Re: End of Lease inspection [goody59] by tenstepn
Dec 03, 2008 (6:07 pm)
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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 3625
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 3625
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
#2910 of 3625
Re: Need Quick Help Please. [kiml4] by Car_man HOST
Dec 04, 2008 (2:49 am)
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Replying to: kiml4 (Dec 02, 2008 8:13 am)

Hi Kim. I'm sorry to hear about your mother. Let's crunch some numbers and see what sort of payment we come up with for this car. You never mentioned any sort of selling price, so for now I will assume that you are able to get this car for $500 over invoice. This shouldn't be too difficult to achieve in an area that has as much competition as yours.
 
According to my calculations, if you were to lease a 2009 Honda Accord Sedan EX-L 4-cylinder with an automatic transmission without navigation that has an MSRP of $26,925 and a selling price of $24,970 through Honda Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $328. The payment for an otherwise identical lease with only 12,000 miles per year would be $314.
 
Good luck in your negotiations and make sure to stop back to let us know how everything turns out.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2911 of 3625
Re: EX [asheh] by Car_man HOST
Dec 04, 2008 (3:00 am)
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Replying to: asheh (Dec 02, 2008 6:53 pm)

Hi asheh. $24,120 is an excellent selling price for the car that you described. It's right below dealer invoice. The money factor that you were given looks great, too. It's right in line with Honda Finance's current buy rate for this model. Other than the suggested elimination of any capitalized cost reduction that bvdj84 mentioned, this deal looks great. If you like the car, go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2912 of 3625
CAN I by mookie14
Dec 04, 2008 (5:34 am)
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Get some advice on post 2802 thanks in advance whoever helps thanks again .Ps also i want to keep this auto now when its time take it back do any of you thinks its in the best interest of me to get a new one i am not leasing again though. With the deals going on now & the economy the way that it is and when 2010 comes around will i be in a position to get a good deal thats all guys thanks.
#2913 of 3625
Re: [marys236] by bvdj84
Dec 04, 2008 (7:54 am)
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Replying to: marys236 (Dec 03, 2008 2:10 pm)

Go to Honda.com and request a quote from dealers around your area. Some reply, some don't. Of course do a follow up, print the copy of the email, go to the dealer to look at the car. Work most of the deal via email. You can get some good deals this way.
#2914 of 3625
Re: [Car_man] by isellhondas
Dec 04, 2008 (8:22 am)
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Replying to: Car_man (Dec 04, 2008 2:42 am)

Assuming toyoman can find a 2008 Accord left in stock, since he is leasing, he would be better off with a 2009 I would think because the residual would be a lot higher than on the 2008.

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