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Honda Accord Lease Questions

3625 messages,  Last post on Dec 01, 2009 at 6:00 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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#3018 of 3625
'09 Accord LX lease question by tasteckler
Jan 22, 2009 (6:45 pm)
Reply
I have the following offer from a Honda dealer in suburban Atlanta:
 
39 months at $292 + tax for an '09 Accord LX 4 Cyl.
1st month's payment due at signing
12k miles/yr.
MSRP = $22,375
Sales price = $20,160
Residual = $13,648
Money Factor = .00250
 
Any comments on this deal?
 
Thanks in advance.
#3019 of 3625
Re: '09 Accord LX lease question [tasteckler] by bvdj84
Jan 23, 2009 (7:18 am)
Reply

Replying to: tasteckler (Jan 22, 2009 6:45 pm)

Yep, that deal looks great! Looks normal to me, that is where my payments have always landed when I had a sale price in that range.
 
Great Job!
#3020 of 3625
2009 Accord EXL V6 - Residual by apaone
Jan 26, 2009 (11:51 am)
Reply

Replying to: Car_man (Jan 16, 2009 2:52 am)

Please pass along the residual values and money factors for 36 month leases for:
 
2009 Accord Sedan EXL V6 (No Nav), 10k miles (if available)
2009 Accord Sedan EXL V6 (No Nav), 12k miles
 
I had a dealer tell me that 12k miles is the lowest mileage option. Is that true?
#3021 of 3625
09 accord cpe v6 exl w/navi by corndawg
Jan 26, 2009 (12:21 pm)
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I got a quote for the 09 accord cpe v6 exl w/navi
 
36 months
15k miles
2500 down
398 + tax / month
 
For some reason this doesnt seem like a very good deal. This is based on
a $27,500 price which seems pretty good, but it seems like I can get those lease numbers for a luxury car of another brand. Has anyone leased the top of the line accord or is it just a waste of money?
#3022 of 3625
Missed Deal 09 Accord 4 Dr EXL V6 by AXM23
Jan 27, 2009 (7:29 am)
Reply
I was offered the following deal in NYC on Jan. 5th - the last day of last month's incentives:
 
36 mos
12k yr
$300 month
(No NAV)
 
$2097 total out of pocket not including plates.
I have bought several Hondas from this dealer in the past.
 
I hesitated to jump on the deal and now I regret it. Payments on the same deal with this month's rates are about $50 higher.
 
Anyone get anything close to this in Jan?
#3023 of 3625
Re: 09 accord cpe v6 exl w/navi [corndawg] by bvdj84
Jan 27, 2009 (8:16 am)
Reply

Replying to: corndawg (Jan 26, 2009 12:21 pm)

That doesn't look too hot, I was quote around $430, give or take a bit. On average. With $0 down, first payment due. This was for a loaded Accord. Nav/V6.
 
Even at that, I am sure it could be a bit lower, but it sounds good to me for a loaded accord. Sale price around $27+.
 
It would not be waste of money at all! But, certainly look at all your options, there are so many cars that are really cool. Heck, look at the new TSX or the TL, they have a decent lease out now. I would stick with Honda a bit longer though, get more quotes.
 
Remember start with $0 down, get your sale price, payment, then thrown in your down if you absolutely need it lower.
 
Good Luck! Take your time, no need to rush, there are deals to be had!
 
Though it looks like your original down payment only brought you down from what the payment I got on a quote? All the money doesn't really bring it down much.
$1,000=$20-35 off your payment.
#3024 of 3625
Re: 09 accord cpe v6 exl w/navi [bvdj84] by corndawg
Jan 28, 2009 (10:45 am)
Reply

Replying to: bvdj84 (Jan 27, 2009 8:16 am)

I made some calculations with MF .0028, 60% residual and $1000 down.
36 months, 1800 TDO, 12k miles
 
accord v6 exl w/ navi ($27,500) $343.86 / month + tax
 
accord v6 exl w/o navi ($25,900) $327.45 / month + tax
 
I dont understand why I was quoted so high. Are the MF and residual values
incorrect??
#3025 of 3625
2009 Accord EXL V6 Sedan (No Nav) by apaone
Jan 28, 2009 (12:17 pm)
Reply
Completed the following deal last night:
 
2009 Accord EXL V6 Sedan (No Nav)
36 mo / 12k mi
 
MSRP: $29,375 (Includes destination fee of $670)
Cap Cost: $25,480
Only first month payment at signing: $363/mo (includes 5% MA sales tax)
#3026 of 3625
Re: 2009 Accord EXL V6 Sedan (No Nav) [apaone] by jhinsc
Jan 28, 2009 (1:59 pm)
Reply

Replying to: apaone (Jan 28, 2009 12:17 pm)

You got a pretty good deal. My deal for an identical 08 was $0 out of pocket, 36 mo, 15k miles at $359. No tax included as $300 sales tax included in total price.
#3027 of 3625
Re: 09 accord cpe v6 exl w/navi [corndawg] by corndawg
Jan 28, 2009 (3:16 pm)
Reply

Replying to: corndawg (Jan 28, 2009 10:45 am)

Ok.
 
So the dealer tells me the values:
54% residual .0028 MF for cpe v6 w/navi
55% residual .0028 MF for cpe v6 w/o navi
 
Are residual values different in different states?
Those are pretty crappy residuals for an Accord.

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