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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

What is this discussion about? Honda Accord, Car Leasing, Coupe, Sedan


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#3007 of 3624
Re: [mogpod] by Car_man HOST
Jan 16, 2009 (2:52 am)
Reply

Replying to: mogpod (Jan 15, 2009 9:34 am)

You're very welcome, mogpod. Honda stretched out its lease specials from 36 to 39 months in January to help offset some of the drop in its residual values. 39 month leases typically have slightly lower monthly payments than 36 month leases do because they provide three additional monthly payments to spread out vehicles' large initial depreciation hits out over.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#3008 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe [JoePharms] by alansufi
Jan 17, 2009 (11:32 am)
Reply

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

Ok guys, im so glad I found this site because i have a few questions.
 
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.
#3009 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe [alansufi] by malloyd22
Jan 18, 2009 (3:43 pm)
Reply

Replying to: alansufi (Jan 17, 2009 11:32 am)

i just got in a 36 month lease for a 2009 accord ex-l sedan. i put down 1300. cash and i had a trade that got me 1050. for a total of 2350. out of pocket. that final car price was $23,800 my payments are 267. per month. this includes taxes and all fees. i got this deal at boch honda in norwood ma so you are not to far. all you have to do is keep walking out. every time i got up and started to walk out they dropped at least $10.00 off your monthly payment. if you need it i can send you all the exact numbers and you can see if they match it. to top it off i got a keychain with 6 free oil changes.
#3010 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe [malloyd22] by alansufi
Jan 18, 2009 (5:45 pm)
Reply

Replying to: malloyd22 (Jan 18, 2009 3:43 pm)

I was at Boch on Friday, but they didnt have an EX-L coupe manual without Nav. They had one with Nav which they kept trying to get me to buy... but they didnt want to sell it at around invoice of a no nav coupe. So, i went home. They called me back yesterday twice but i didnt answer.
 
I've been dealing with Commonwealth motors for the past week, they have the car i want but aren't willing to give me a trade in value for my car.
 
I'd like to see your exact number because you got a good deal
#3011 of 3624
Lease information for '09 Accord Coupe EX L 4A with Navi? by Chumshonda
Jan 19, 2009 (5:50 am)
Reply
Hi Car_man or any others who can provide guidance,
 
This is my first post to this excellent resource!
I would appreciate any help or guidance you could provide for the subject vehicle. This is a loaded 4 cylinder coupe. I have seen many posts w/o navi but few with. I believe you have said the dealer incentive on 4 cylinders is $750.
 
Like everyone I want a good deal but am confused as the MF, Residual % and other values seems to change with specifics. I also would appreciate your thoughts on mileage allowance and impact to monthly payments.
 
I am a current AHFC lessee and expect a good rating.
MSRP per Edmunds is $29255
I hope to get near invoice with destination less dealer incentive or $25798
 
I am in the Indianapolis area.
Your help is appreciated
Thank you,
Chumshonda
#3012 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe [alansufi] by bvdj84
Jan 19, 2009 (7:15 am)
Reply

Replying to: alansufi (Jan 18, 2009 5:45 pm)

When trading, it is so hard to get the value you need. Especially when the values are given on KBB. They are usually lower at the dealer, even more so when you are not at a dealer that is the same brand as your car. If I trade a Honda, at a Honda dealer, I tend to see more value then if I trade at a VW, etc.
 
You might want to go online and email these dealers and get a deal going, it seems to work really well for me. Then bring the email in, sign the papers.
#3013 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe Boch Honda[alansufi] by malloyd22
Jan 19, 2009 (2:23 pm)
Reply

Replying to: alansufi (Jan 18, 2009 5:45 pm)

here is the specifics. i got 1050.00 for my trade. i put 1700. cash for a total of 2750. upfront. they really only charged my credit card for 1300. instead of 1700. for some reason. i may have owed a little less than thought on my trade in. this included: my first month payment 267.71,
              doc fee 298.00,
              registration 36.00,
              title 50.00,
              sales tax on cash paid 49.92.
 
gross capitalized cost 25040.
cap cost reduction 2048.37
adjusted cap cost 22991.63
residual value 16424.25
depreciation 6567.38
rent charge 2611.96
total of base payments 9178.56
lease payments 36
base monthly single payment 254.96
sales tax 12.75
monthly payment 267.71
 
the total payment on my lease is 12119.85. ask for jocemi. he was a sales manager and after dealing with some nit wit for 2 hours, jocemi came over and the deal was done in 5 minutes. nice guy and seemed to have more pull, or heart.
#3014 of 3624
MF and Res Info Needed by jrm005
Jan 19, 2009 (5:08 pm)
Reply
I am looking for information on the following models:
 
EX (4L) 12K miles - Money Factor? Residual? Term?
 
EX-L (4L) 12K miles - Money Factor? Residual? Term?
 
Thanks in advance!!
#3015 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe Boch Honda[alansufi] [malloyd22] by alansufi
Jan 19, 2009 (6:20 pm)
Reply

Replying to: malloyd22 (Jan 19, 2009 2:23 pm)

did u try to get them to waive the doc fee?
 
also, whats the "rent charge" ?
#3016 of 3624
Re: 2009 Accord EX-L 4 cyl Coupe Boch Honda[alansufi] [malloyd22] [alansufi] by alansufi
Jan 19, 2009 (7:02 pm)
Reply

Replying to: alansufi (Jan 19, 2009 6:20 pm)

so basically out of your $1300, u paid $672 for first payment and fee's, then they applied the difference of $628 to cap....?
 
and lastly you got an additional $1k towards cap from your trade?
 
unfortunately Boch doesnt have a 4cyl EX-L Coupe with no nav, manual

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