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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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#3024 of 3624
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 3624
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 3624
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 3624
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.
#3028 of 3624
Re: 2009 Accord EXL V6 Sedan (No Nav) [apaone] by dolsey01
Jan 28, 2009 (3:23 pm)
Reply

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

Which MA dealer? I'm looking close to Boston.
#3029 of 3624
2009 Accord V6 Sedan with Navi Lease price by rzurawik
Jan 28, 2009 (3:29 pm)
Reply
Anybody lease a 2009 Sedan loaded V6 with Navi lately? How much am I looking at with 15,000 miles?
 
Any reply would be great!!!
 
Thanks,
Robert
#3030 of 3624
Re: 2009 Accord EXL V6 Sedan (No Nav) [dolsey01] by apaone
Jan 28, 2009 (6:04 pm)
Reply

Replying to: dolsey01 (Jan 28, 2009 3:23 pm)

Boch. Herb Chambers (Burlington) was also right around there in terms of price. Dealt with both via the Internet. Went back and forth a little bit over a few days. Finally told them each that I was looking to get the deal done that day and put out my offer. Didn't get exactly what I was looking for, but got a fair price (and they made a little bit too, which is fine). I didn't step foot into the dealership until I had the deal done. This allowed me to get in and out of the dealership in 1h 30m (I hate being in those places longer than absolutely necessary).
 
FYI, both were pushing a 39 mo lease hard. I avoided because it goes beyond the bumper to bumper warranty and 3 years from now my car needs/wants will change so I don't want to extend it any more. Also, no 10k/yr leases available, which was more in line with my driving needs.
#3031 of 3624
Re: 2009 Accord EXL V6 Sedan (No Nav) [jhinsc] by apaone
Jan 28, 2009 (6:08 pm)
Reply

Replying to: jhinsc (Jan 28, 2009 1:59 pm)

It is sickening to run some of these lease numbers with decent money factors (current money factors equate to a 6.72% rate). Granted the $1000 cash support shaves off about $30 per month, but the money factor rates are really driving up monthly prices.
#3032 of 3624
2009 Accord EXL V6 no NAV by tenstepn
Jan 29, 2009 (5:57 pm)
Reply
Hey All!
 
Finally after a month and some change I finally have a minute to post my deal!
I want to thank EVERYONE for their help here with the post lease inspection expectations to the information on pricing etc. CarMan, hats off to you! You are a wealth of information! And now...to the meat and taters...12/22/08 purchase date...
 
2009 EXL V6 no NAV - $0 down
 
Agreed Upon Value=$24448.06
 
Gross Cap Cost=$25,281.56
Cap Cost Reduction=$0
Adjusted Cap Cost=$25,281.56
Residual=$15,756.25
Depreciation=$9,525.31
Rent Charge=2718.36
Total of Base Payments=$12243.67
Lease Payments=36
Base Monthly Payments=$340.10
Monthly Sales/Use Tax=$19.90
Total Monthly Single Payment=$360.00
 
18,000 Miles per year
Purchase Option at End of Lease Term=$15756.25
 
And there it is...seemed good to me, all I had to pay for out of my own pocket was the first month $360.
 
Nothing else.
 
Thanks again everyone! See you in 35 months or sooner! Here's to another fine Honda Accord Experience!
#3033 of 3624
Re: Lease information for '09 Accord Coupe EX L 4A with Navi? [Chumshonda] by Car_man HOST
Jan 30, 2009 (4:05 am)
Reply

Replying to: Chumshonda (Jan 19, 2009 5:50 am)

Welcome Chumshonda. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Coupe EX-L 4-cylinder with navigation and 15,000 miles per year are .00250 and 55%, respectively for consumers who qualify for its top credit tier. If you were to lease with only 12,000 miles per year, this car's residual value would be 2% higher.
 
Let's work up a sample lease payment for you and see what we come up with. According to my calculations if you were to lease the aforementioned car with an MSRP of $29,255 and a selling price of $25,798 through Honda Finance right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $375. With only 12,000 miles per year, this car's payment would drop to around $360.
 
You can shave a little more off of this car's payment by going with a 39 month lease. That's what I would do if I was in the market for it. Adding those three months to the term only drops the residual value by 1%. It lowers the 15k payment to around $360 and the 12k payment to around $347.
 
Car_man
Host
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