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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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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! |
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Replying to: Chumshonda (Jan 19, 2009 5:50 am) 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 Prices Paid: Buying & Leasing Experiences Forum
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I am looking for a lease in Hawaii and am having terrible luck. I qualify for Honda's best rate and I am willing to go 39 months with a low mileage allowance. However, on a $0 down (i.e., first month only), I am being quoted $400/mo! (plus tax).  Any thoughts any of you might have would be appreciated.
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hey carman, do you have the 24 mo rate and res for ex and lx 4 and v6 sedan  15k mi? thank you 
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Replying to: jrm005 (Jan 19, 2009 5:08 pm) Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Sedan EX 4-cyl with 12,000 miles per year are .00250 and 61%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier and pay a security deposit at lease signing. The numbers for an otherwise identical lease of an '09 Accord Sedan EX-L are .00250 and 59%. When negotiating your lease on this car, make sure to take the $750 cash incentive that Honda is currently providing on it into account. This cash should enable you to get this car for below invoice. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: apaone (Jan 26, 2009 11:51 am) I believe that what the dealer told you about 12k being the lowest mileage allowance that Honda Finance offers on Honda division vehicles is correct. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: FlynHwn (Jan 30, 2009 5:04 pm)  , it is not a great place to get an awesome deal on a new vehicle. You are a fairly captive audience. The lack of competition on the islands makes getting a really low price on a new vehicle very difficult. The best way to get a good deal on any new vehicle, including one that is leased, is to negotiate as low a selling price as possible. The lower your car's price is, the lower its lease payment will be. Find out what selling price the dealer that you are working with is charging you and try to get them to lower it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: gpsac (Jan 31, 2009 4:17 am) The numbers for an otherwise identical lease of an '09 EX V6 Sedan are .00280 and 67%. When negotiating your lease, make sure to take advantage of the $750 dealer cash that Honda is providing on Accord 4-cylinders and $1,000 on Accord V6s. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Jan 30, 2009 4:05 am) Here is the offer I have on the table and I would appreciate any comments if I should pull the trigger. BTW, my other option is to buy the car with a credit union loan of 3.99% at 60 months so if anyone has a thought on which option is best I am certainly interested: MSRP 31,825 Gross Cap Cost 27,448 Acquisition Fee 595 Residual 53% 39 months 16,867 Money Factor .00280 Base Payment 412.25 + 28.86 IN Sales Tax 7% 572 OTD (First + Doc Fee) Bottom line, should I pull the trigger on this lease, pursue further negotiations (but not sure were since I'm well below invoice and AHFC sets the MF and Residuals, right?) or switch to purchase? Hope these numbers help others in pursuit of their best deal.
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| With $0 down, is it realistic to get a total monthly lease for $300? Thanks. | |
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