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Prices Paid: Buying & Leasing Experiences 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
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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.
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Replying to: nomisny (Jan 07, 2009 12:30 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: JoePharms (Jan 07, 2009 8:45 pm)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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.
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Replying to: banker2 (Jan 08, 2009 8:04 am) Good deal. |
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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
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Replying to: kris113 (Jan 10, 2009 1:40 pm) I think you did decent, but some how I think your payment with $0 could be a bit lower. |
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Internet Manager initially quoted me on a 2009 EX-L Accord Coupe lease at 235/month with 3700 due at signing. Went into the dealership this morning: after little discussion, was able to roll everything into the monthly payment for 315/month with only first month's payment due at signing. AFTER we had signed all the papers and gotten the credit check, they decided to pull out of the deal at the 11th hour and made up some BS excuse about miscalculating the residual, when the salesman had gone back and forth between us and the GM multiple times. They then said that the "actual" number was 390 dollars a month. I will never be going back to this dealership ever again and I recommend you do the same. No dealership should be able to waste 4 hours of your life: if a dealership wants to pull the bait and switch, they might have wanted to shoot for a number close to the one that was agreed upon.
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Just drove into the garage with my new Accord. Details below. Thanks to all who post on the Forum. 09' Accord Sedan EX-L I4, No Nav, Black/Black w/ guards MSRP: $27,075 Selling price: $22,920 (exc. Tax, Title, License) MF in Chicago is .0025 this month (which translates to 6%) kind of high, I'd wait until next month if you can and see if it comes down. I wanted to put down additional Sec. Deposits to bring the MF down, but the Finance Mgr. told me Honda doesn't do that. I was kind of surprised because Nissan/Infiniti allowed me to put down 5 additional with my last lease. Residuals are .58 for 39 months and .59 for 36 months. Just a note, the MF and Residuals are the same for all dealers, because they are provided by Honda. Dealer: Brilliance Honda, Crystal Lake (great internet experience, they provided a legit 1st pricing offer via email) no b.s. internet fee's or surprises when I got there Another crazy IL thing to alert everyone was that IL passed a law last year that now taxes any Mfr. Incentives, so if you can believe it I had to pay tax on the $750.
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Replying to: brandenb (Jan 10, 2009 7:05 pm)
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