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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3596 messages, Last post on Nov 09, 2009 at 2:05 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: marys236 (Dec 03, 2008 2:10 pm)
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Replying to: Car_man (Dec 04, 2008 2:42 am) |
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Replying to: bvdj84 (Dec 04, 2008 7:54 am)
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Replying to: isellhondas (Dec 04, 2008 8:24 am) Now, the dealer might try to go back on their deal. Out the door I go. Its not worth arguing. Not when other dealers are more willing. |
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Replying to: Car_man (Dec 04, 2008 2:49 am) can you knidly assist me w/ a deal VERY similiar to Kim's? I want the same exact car and terms. Only difference is, can you give me the payment if car was sold to me at $100 above invoice? I think you assumed $500 above invoice for Kim's deal. Just to reiterate - 36 month, 15,000 miles, zero down Just first payment out of pocket. want tags and everything rolled in)., Accord sedan EX-L, 4 cyl, auto no navi. List $26,925. Thanks!
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does anyone knows if Honda fixed the flickering lights when the AC is on, on the 2009 models??
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So I recently leased a 2009 EX-L 4 Cyl Coupe in Sanford, FL for 3 years, 15k miles a year for $375.00 a month with $500 down and positive equity from a trade. In looking at my paperwork and reading the posts, I'm trying to determine if my deal was as great or as back breaking of a deal as my salesman and sales manager made me feel I was getting. I had a 2006 4 door, EX that I owed 10958.82 and the gave me 11,900 for it (which i think I should have got mroe for) and I ended up having $941.18 towards this lease, plus I put 500 cash down to lower the payment on this lease. The adjusted capitalized cost of the car was 25,378.69 with a residual of 15,404.25. My lease was for 3 years, 15k a year for a base payment of 352.11 plus 22.89 in taxes for a total of $375/mo. I paid $500 cash plus the $941. from my trade that they applied into the deal. Orignally quotes they were giving me were 467/Mo for 3 years 12 mi year and I felt that getting them down to 375/mo for 36 mo with 15k miles year was a great deal considering where they started at with $467/mo. I was in the Super prefferred tier and Im not sure what my money factor was. The paperwork aslo shows that 2177.95 was due at signing, but like I said, i did not pay this amount only the 500 cash down. Where it itemizes how this was to be paid they have listed my 941.18 from my trade and then 1236.77 in cash, which I DId not pay. Please explain or help me feel good about my deal! Thanks! |
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My story: My lease for my Accord LXSE 2006 comes due in January 2009. My residual is $13,325. The car has 26M miles on it Is it true that Honda will not negotiate the price down (even in this market?) I was hoping that they would rather not have a used car to sell and work with me on a deal. And if they won't work down the price... If I want to buy the car, would Honda offer me a decent apr to finance? Or should I not even bother trying? If I buy the car outright, would I get more than the $13,325 as a trade in for another car? Would a Honda dealer make a deal applying the value of the car for a new one without me buying the car? thanks for any advice you can offer.
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Replying to: reechz (Dec 04, 2008 6:50 pm) Negotiating the price of the car at lease end is not an option, it is already set in the contract. The loan APR will be determined in your new loan, going through American Honda Finance will increase your chance of getting a better rate, since you would be a returning customer. If you buy the car, then trade it later, you could get more than the trade amount offered now, but not likely. That seems like a fair price for a trade. But, just to let you know, that you may trade your car in now anywhere you want. Meaning, you do not have to buy the car and then trade it. You can trade it for any car. They simply look at your pay off amount versus your trade in, as long as you owe less than your trade amount, you can successfully trade at equal or with some trade equity. Yes, if you want a new Honda, they will use your car as a trade, and use any equity for that on your new lease. Take a look at your pay off and see how close you are to your trade in value amount, that will give you an idea of what numbers you would be look at when trading. You should be decent since your trade is a Honda. I see no problems. Just do not expect tons of equity to roll into a new deal, its a Honda, that will help, but be glad, because if you had any other car like a GM product, you would be far off. I see you breaking even on the deal. Good Luck! I Hope your staying with Honda! |
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Replying to: bvdj84 (Nov 14, 2008 6:43 am) |
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