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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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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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CarMan (or anyone), can I get the MF and RV on an 09 EX-L, no nav 4cyl, and also 6cyl, 36mo, 15k/year, in Oklahoma? TIA.
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Replying to: jhuang214 (Jan 10, 2009 5:34 pm) Some dealers have no clue on customer service, and impressions can last a lifetime. If they had stated a deal, then if it was someones miscalculation, then they need to absorb that somehow and honor it. Or if it was truly a mistake, take all the paper work, break it down to the customer, so that they understand why and how it was mistake then at least we know its not on purpose to change the deal. I would certainly understand if they did that to me. Mistakes happen, but that is when the general manager comes out with friendly attitude, takes the high road, and say, listen, we made a mistake, and this is the issue, then show it, but I might not believe that either. It really is plug and play. If a dealer causes all this back and forth, wheeling and dealing, chances are they don't have all their crap together, and cannot do the job. I would walk out. If they cannot help me get a car at a decent price, and treat me with respect, then its not worth it. Remember, keep your deal $0 down at first, when the sale price and terms are negotiated, then you may put your money down to lower your payment. Throwing the money down at the beginning gives the dealer an opportunity for them to take you on a wild ride. Sorry that happened to you, but realize there are good dealers out there that will treat you right, never settle for less. |
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Replying to: Car_man (Jan 08, 2009 2:45 am) I'm trying to find out the money factor and residual value for Accord Ex V6 (36 months, 12K miles). Are they different from what you've mentioned in your previous reply (.00280 and 55%)? Since I'm a novice in this, is it usually customary to negotiate the dealer's sticker price (besides the mentioned $1000 incentive from Honda) in order to reduce the cap cost? What are the additional (hidden) fees should one be aware of while negotiating the lease term? thanks in advance and sorry if my questions are confusing.
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Replying to: bvdj84 (Jan 10, 2009 5:07 pm)
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Replying to: ral2167 (Jan 10, 2009 7:41 pm) Months in Lease: 39 Payment: $349 (remember IL requires all taxes be paid up-front on full value, so that added $1700+ into the amount leased) |
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