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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3609 messages, Last post on Nov 11, 2009 at 6:27 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: leeinla (Dec 14, 2008 4:57 pm) Well, Since you want the V6, than stick with the Accord, but the TSX leases are attractive now. If you read earlier posts I think they posted quotes for this model. You are not going to get less than $300 a month on that model, but I have seen $350 to $380 for the same lease specs. That is $0 down at signing, with first payment due. Although, I have had dealers have a sign and drive special, but the only thing they are doing special is roll the first payment into the lease deal, which is okay. Remember it is a lease, less complications, walk in, walk out. Dealers often try to throw you off. Read the earlier posts. For every $1k down you subtract about $20-30 off your payment, and it DOES NOT go to the principal amount owed on the car. It is advised not to put money down. When working a deal, leave the deal $0, then when you can get a good sale price, lease terms, and at that point you still want a lower payment, then put some down, but my advice is do not put too much down, as little as you can, keep your money for savings. You need to go to Honda.com and request a quote, and you can get quotes from a list of dealers in your area, then work from there. They will contact you, always ask for $0 down, sale price, lease terns. Some will reply, some won't, but the ones you get, you can negotiate from there. It makes it easier. Print the offer and take it to the dealer, with contact name in hand. Good Luck. |
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I got a quote from a dealer to lease 2009 Accord EXL V6 4 door automatic with Nav for $330 a month, $2000 down for 36 months/12,000 miles annually. $330 out the door. I think it is a really good deal. This is in the Southern CA area. I have tier 1 credit. First the dealer quote was $3700 down and $365 out the door. Is this what people are paying for a lease in the southern ca area for this type of vehicle? Let me know. leeinla
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Replying to: leeinla (Dec 16, 2008 7:07 pm) I think you did pretty well, but this gives you an idea of how it affects the payment. I have gotten better quotes, but not too much lower. Be sure to look at your sale price, all fees, lease details. You would be surprised a little fee here and there adds to a bit more on your payment. Example, accessories, protection plan, extra warranties. Sounds like you did very well, and impressive since earlier on, this could not be done. However, I would keep your $2k in your pocket, and just take the $60 or so a month more. If it really affects your budget that much (makes or breaks the deal), then a different car or lease might be a better option for you financially. This money down does not actually go to your principal. I think you'll feel better knowing you could use that $2k for something else, or invest it. I think you did great, very exciting!  What color did you choose?
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Replying to: bvdj84 (Dec 17, 2008 7:12 am) I have the residuals for LX and LX-P: The residual on the LX is $13,557 The residual on the LX-P is $14,167 Anyone know the money factor?
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Replying to: HondaHonda765 (Dec 17, 2008 8:05 am) |
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I have an offer from a dealer for a 2009 Honda Accord EX-L sedan with navigation for $379/month or $407/month [depending on whether I get preferred status or not with Honda Financial] with $0 down and a sign and drive deal. Net cap: $25,998 [MSRP: $29,125] Lease term: 36 months/36,000 miles Residual percentage: 59% Money factor: .00244 or .00305 [depending on preferred status or not] Sales tax: 8.25% What do you guys think? This would be my first time leasing, so I'm not sure how good [or not good] a deal this is. Thank in advance for all your advice!
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Replying to: mrbofus (Dec 17, 2008 10:16 pm)
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Replying to: bvdj84 (Dec 18, 2008 3:45 am) And I did look at the previous posts, and I couldn't find one that was recent, for the 4-cylinder with navigation, with $0 down, and in CA [particularly the San Francisco Bay area]. |
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Replying to: infinitimn (Dec 14, 2008 6:10 pm)
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Hey guys, I got an internet quote $341 a month 36 months 10k miles per yr First Payment and Bank Fee upfront Is this reasonable or a gimmick to lure me into the place? |
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