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Honda Accord Lease Questions

3594 messages,  Last post on Nov 08, 2009 at 4:09 PM

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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#2982 of 3594
Re: January 09 lease rates vs. December 08 [nomisny] by Car_man HOST
Jan 07, 2009 (3:24 am)
Reply

Replying to: nomisny (Jan 06, 2009 9:23 pm)

Hi nomisny. According to what I have heard, the dealer cash on 2009 Accords didn't increase to $1,000 across the board, V6 models get a grand but 4-cylinder models still get $750. If you are getting a V6 Accord, Vehicles are eligible for the incentives that are available at the time that the consumer physically takes deliver of them, so I don't see any reason why you wouldn't be able to take advantage of this extra $250.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2983 of 3594
Re: January 09 lease rates vs. December 08 [nomisny] by bvdj84
Jan 07, 2009 (7:56 am)
Reply

Replying to: nomisny (Jan 06, 2009 9:23 pm)

What was your negotiated sale price for the car? Bank fee? You should only have your destination fee. All other fees are not required. You said etc.... rolled into the payment, what else is rolled into it. Perhaps the security might be a fee, but I am not sure you always have one. I have never been charged that.
 
I think the payment is decent. Though I have seen lower, but that was on a sedan, not a coupe. Honestly, because the Acura TSX is around this price, perhaps a bit higher, and they lease a bit better.
 
Let us know, Its decent, but really want to know the sale price, the fees rolled into the deal. Sounds like the sale price isn't really good.
#2984 of 3594
by nomisny
Jan 07, 2009 (12:30 pm)
Reply
Thanks for the info carman and bvd.
 
It is a v6 speed ex-l w/ navi I ordered.
By fees I really just meant tax and bank fee.
Besides that, I think it's just DMV. Either way, all I'll be paying upfront is first months payment and plates.
 
Anyone know if the residuals or money factor got better, worse or stayed the same this month? Thanks again,
#2985 of 3594
2009 Accord EX-L 4 cyl Coupe by JoePharms
Jan 07, 2009 (8:45 pm)
Reply
MSRP: $27175
 
Invoice: $24710
 
Cap Cost: $23865 ($845 under invoice)
 
MF: 0.00185
 
Residual: 0.59 ($16033)
 
Fees (everything): Roughly $1000 give or take $10-20
      
        * ~ 500 rolled into the lease
       
        * 500 up front
 
Term: 36 months
 
Mo. payments incl 7% tax = 329.34/mo
 
Went through internet department of DCH Kay Honda in Eatontown, NJ. They honored the internet price with no haggle at all.The staff was friendly, courteous, and respectful. In and out in a couple of hours.
#2986 of 3594
Re: [nomisny] by Car_man HOST
Jan 08, 2009 (2:45 am)
Reply

Replying to: nomisny (Jan 07, 2009 12:30 pm)

You're welcome, nomisny. Here's the latest on this car's lease program. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord EX-L V6 with navigation and 15,000 miles per year are .00280 and 55%, respectively for consumers who qualify for its "Super Preferred" credit tier. When negotiating your lease on this car, don't forget about the $1,000 dealer cash incentive that is currently available on it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2987 of 3594
Re: 2009 Accord EX-L 4 cyl Coupe [JoePharms] by Car_man HOST
Jan 08, 2009 (2:50 am)
Reply

Replying to: JoePharms (Jan 07, 2009 8:45 pm)

Congratulations on getting your new Accord, Joe. Thanks for taking the time to share the details of your lease with everyone. I'm glad that you had a pleasant dealer experience. You can share the details of your experience with others by heading on over to the Dealer Ratings & Reviews section of Edmunds.com if you'd like. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2988 of 3594
Leased a 2009 Accord EX-L 4 cyl. on 12/28/08 by banker2
Jan 08, 2009 (8:04 am)
Reply
just completed the following deal on a 2009 Accord Sedan EX-L 4 cyl.:
 
MSRP: 26, 925
Selling Price: 24,000 ($450 below invoice). Selling price also included splash guards, locking lugs, and trunk tray.
36 month lease
12k miles/ year
Money Factor: .00184 (approx 4.4% interest rate)
Residual: 61%
Monthly Payment: $299
 
Cash upfront was $1320, which included $299 first payment, $400 cap cost reduction, $470 admin fee, and tag/license fees.
 
I normally don't like to pay for cap cost reduction on a lease, but wife wanted to see a "2" as the first digit of monthly payment rather than a "3". Payment without the $400 cap cost reduction was $311.
 
Feel like this was a good deal, and the car is solid all-around. This forum was very helpful in my negotiations.
#2989 of 3594
Re: Leased a 2009 Accord EX-L 4 cyl. on 12/28/08 [banker2] by bvdj84
Jan 08, 2009 (8:29 am)
Reply

Replying to: banker2 (Jan 08, 2009 8:04 am)

$470 admin fee? lol, are you serious? Did you actually pay that fee? What exactly what was that fee for?
 
Good deal.
#2990 of 3594
Lease Deal - '09 Accord EX-L V4 by kris113
Jan 10, 2009 (1:40 pm)
Reply
I just left the Honda dealership and they are willing to give me the following deal on a 2009 Accord EX-L, I would appreciate it if I could get some feedback as to if this is a good deal or not.
 
Model: EX-L V4
MSRP: $27,075
Selling: $23,723
Miles: 12,000
Months: 39
Fees: $2035 (including - tax, title, license, first month payment and admin fee)
Down Payment: $1,000
 
Total Due at Signing: $3,035
Total Monthly Payments: $274
 
If I rolled all of the fees into my monthly payment, my payments would have been $365/mo but I really needed to keep them as low as possible even though I know it isn't recommended to put money down on a lease.
 
I appreciate any feedback - Thanks
#2991 of 3594
Re: Lease Deal - '09 Accord EX-L V4 [kris113] by bvdj84
Jan 10, 2009 (5:07 pm)
Reply

Replying to: kris113 (Jan 10, 2009 1:40 pm)

Again, What is the administration fee? The only fee required is your destination fee.
I think you did decent, but some how I think your payment with $0 could be a bit lower.

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