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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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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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Replying to: kris113 (Jan 12, 2009 10:06 am) I have had 3 leases and never had a bank fee. I just paid my first payment and out the door I go.
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Replying to: bvdj84 (Jan 13, 2009 7:02 am) |
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Replying to: bvdj84 (Jan 13, 2009 7:02 am) They did also give us the option of rolling all of these fees into our monthly payment, but then we would have been looking at $350 a month. Has anyone else been able to come close to these prices I've been quoted because other dealerships I've been calling say they can't even come close and I'm starting to wonder if they were just pulling a "bait & switch" on me. Here are the figures again: Honda Accord EX-L V4 MSRP: $27,075 Selling Price: $23,723 Months: 39 Miles: 12,000 per year Taxes and Fees: $2,035 approx Monthly Payment (1) : $350 per month (includes all taxes and fees rolled into payment with $0 due at signing) Monthly Payment (2) : $299 per month (pay $2,035 in taxes and fees at signing) Monthly Payment (3) : $274 per month (pay $2,035 in taxes and fees plus $1,000 down payment at signing, for a total of $3,035) |
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Replying to: banker2 (Jan 08, 2009 8:04 am)  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: marys236 (Jan 11, 2009 6:59 am) When negotiating your lease, make sure to take advantage of the $750 dealer cash that is available on '09 Accord 4-cylinders and the $1,000 on the '09 Accord V6 right now. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mogpod (Jan 11, 2009 8:17 pm) You absolutely should negotiate the selling price of the car that you want to lease. If I was in the market for an '09 Accord right now, I would insist that the dealer I was working with base the lease upon a selling price of right around dealer invoice minus the $1,000 dealer cash. As far as fees go, at lease signing you will be asked to pay your car's first month's payment, Honda Finance's $595 acquisition fee, possibly a security deposit equivalent to your car's monthly payment rounded up to the nearest $25 increment (though Honda may be waiting its security deposit requirement on this model right now), and any required state taxes or fees. You can usually roll most of these items into your car's capitalized cost to make them part off your monthly payment rather than paying them at signing if you want. Watch out for any sort of doc fee. This is nothing more than a way for dealers to add profit to deals. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jan 15, 2009 4:10 am) I have a couple of more clarifications to ask if you please: Some of the dealers' lease specials include a 39 months term on specific trims. What would be the residual for a 39 months term (EX V6, LX..., standard)? You've mentioned the "$1000 dealer cash" incentive. Does this come from Honda? In which case it would be nice to have a print out when one walks into a dealership. Or is it something that is negotiated verbally and in which case the buyer won't nececerily get it.
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