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Honda Accord Lease Questions

3629 messages,  Last post on Dec 04, 2009 at 9:38 PM

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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#3052 of 3629
Need out of a very new lease only a week old help me!!! by musthavemy350z
Feb 08, 2009 (9:33 pm)
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Hello,
This is my first post and I hope it doesnt sound stupid..well maybe it kind of is but anyway here is my question. I just leased a 2009 accord LXP from a local honda about a week ago. It has maybe 150 miles on it right now. I do not want this car anymore I have a nissan 350z I have been trying to get for 6 months but could not get the payment I was looking for. So of course 2 days after I lease a new Honda the Nissan guy calls and is ready to deal. My bad for not waiting more than 6 months but any advice on how to get out of this lease would be helpful. Should I try and sell the car to a private owner? Beg the dealer to take it back LOL I must have this car it is a sweet 350z nismo jet black awesome car! I wish I knew how to attach pics I would show you what I mean, oh and for more information this accord is the 9th car in a row my wife and I have leased from the same Honda dealer.
Thank you
#3054 of 3629
2009 accord lease- dealer cash back by stevecar
Feb 09, 2009 (4:57 am)
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I have 2 payments left on my Acura TL lease. I went to an Acura dealer to look at TSX and Honda dealer for 4 cylinder EX-L. Both dealers offered to pay my last 2 payments. When I questioned where the money is coming from, they said they would "cut me a check" from the dealership(both dealers are owned by the same people in central New Jersey).
I know that what is owed on the lease is full retail value so the money has to be coming from somewhere. I declined their offer and would rather wait until my lease is up in 2 months.
As we all know, the payments don't disappear. They are simply rolling the payments into the new car. Unless someone else has different information.
Please advise.
#3055 of 3629
Re: Lease negotiation question [alexg456] by srq5363
Feb 09, 2009 (5:27 am)
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Replying to: alexg456 (Feb 02, 2009 7:54 pm)

Alex, I've been thinking the same thing. I'm looking at an EX or an EX-L (4) and, just as buyers should compare OTD prices between dealers, it seems like lessees should be comparing total $ payouts over the life of the lease. My question: have you tried this approach yet with a few dealers? I'm thinking give them an expectation for the price of the vehicle based on what you are seeing posted here, then ask them to give you an itemized payout that you can compare to other dealers.
#3056 of 3629
Re: Need out of a very new lease only a week old help me!!! [musthavemy350z] by XxHaimBonxX
Feb 09, 2009 (5:19 pm)
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Replying to: musthavemy350z (Feb 08, 2009 9:33 pm)

How much a month? I am looking to lease an accord right now, although with a better setup. Provide details and if you willing to take care everything I might be interested. My email is xxhaimbondxxusa.com. Thanks.
#3057 of 3629
Re: Lease negotiation question [srq5363] by alexg456
Feb 09, 2009 (7:18 pm)
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Replying to: srq5363 (Feb 09, 2009 5:27 am)

I haven't tried it, but I tell you after driving around and visiting 4 dealerships, each of them was beating each other's deal. Basically, I told them I need 0 down, all fees and taxes rolled in (except DMV and plates, which they can't roll in), what's their best deal. They first came out with a high number. After I told them I got a lower price from another dealership, they quickly lowered $10 below the offer before. So, I started with Internet quotes in $375-$400 range, and now my best quotes are $349/month, including the dealership that initially gave me $400. Go figure. I think I'm getting into a reasonable price zone for EX-L now (39 month lease).
#3058 of 3629
Re: Lease negotiation question [alexg456] by stevecar
Feb 10, 2009 (4:22 am)
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Replying to: alexg456 (Feb 09, 2009 7:18 pm)

Just be careful. These 39 month leases on 36 month warrantees can leave us all opened to three months of driving the car, having a problem to fix before we hand it back. Either Homda is going to lower the program to 36 months or extend the warranty by 3 months.
#3059 of 3629
EX-L Sedan by XxHaimBonxX
Feb 10, 2009 (2:11 pm)
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Today I got a deal without visiting the dealership for $345 a month, $500 cash (first month and DMV) 39 months,12K. I was worried about being out of warranty too, however, seems many dealership are eager to take the car earlier. I figure I would turn it in at 36 months.
#3060 of 3629
Re: 2009 accord lease- dealer cash back [stevecar] by XxHaimBonxX
Feb 10, 2009 (3:34 pm)
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Replying to: stevecar (Feb 09, 2009 4:57 am)

From what I understood based on conversation with various dealers, some are simply paying the rest of the payments. Some are smart, they are buying it from the bank at a special discounted price, much less than the payoff amount, plus they don't pay any sales tax on it. They clean it up and then sell it for a few grand more than they purchased it. The last option is a win win for everyone.
#3061 of 3629
Re: 2009 accord lease- dealer cash back [XxHaimBonxX] by stevecar
Feb 11, 2009 (4:42 am)
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Replying to: XxHaimBonxX (Feb 10, 2009 3:34 pm)

I considered that. Am Honda Finance may have an agreement that isn't publicized with the dealers.

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