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Prices Paid: Buying & Leasing Experiences 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
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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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Replying to: mogpod (Jan 15, 2009 9:34 am) Honda Finance's buy rate lease money factor for a 39 lease of a 2009 Accord EX V6 is still .00280, but its 15k residual value for this term is 58%. The $1,000 dealer cash is a payment provided by Honda to dealers to help them sell vehicles. Dealers are free to use the money on deals or to pocket it if they can. Savvy consumers who know about dealer cash incentives are usually able to get dealers to reduce their vehicles' selling prices by that amount. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: JoePharms (Jan 07, 2009 8:45 pm) I went to my local Honda dealer (Lawrence, MA) for a 09 Coupe EX-L Manual, I'm interested in a 39 month lease and got them down to $23,087 for cap. According to the lease special on Honda's website my payment should be $355 w/o tax based on Tier 1 i assume. However I've seen a couple people here get a much lower monthly payment for the same car, can someone explain what else I'm missing? I havent purchased the vehicle yet or submitted a credit app.... I did last summer and was placed in Tier 2.
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