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Honda Accord Lease Questions

3633 messages,  Last post on Dec 08, 2009 at 8:01 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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#3115 of 3633
Please help! Need to act by tomorrow! by kim100
Mar 08, 2009 (6:46 am)
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Hi Carman & kyfdx:
 
My Honda lease is up and I must return my car tomorrow. I went to my original dealer and this is the final (?) offer he came up with. I did not negotiate this at all (except to mention the marketing support. Could you kindly let me know what you think of this deal for a 2009 Accord LX lease? Can I do better? The salesman gave me the printout of the lease worksheet and I am taking the numbers from it.
 
Sign and Drive:
 
Invoice - 19608
MSRP - 22375
Market Support (less $1k)
Residual - .60
Rate - .00225
First month down - 250
36 months at $250. per month (total)
12k miles per year
 
I greatly appreciate your input and expertise in this. Especially since the first dealer I went to tried to get me to sign and drive at $390 per month!
Thanks,
Kim
#3116 of 3633
Re: Please help! Need to act by tomorrow! [kim100] by bvdj84
Mar 09, 2009 (6:44 am)
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Replying to: kim100 (Mar 08, 2009 6:46 am)

That is a great deal!!! Go for it!!
#3117 of 3633
Re: Please help! Need to act by tomorrow! [bvdj84] by kim100
Mar 09, 2009 (7:22 am)
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Replying to: bvdj84 (Mar 09, 2009 6:44 am)

Really??? Thank you sooo much. I am making the call now!
#3118 of 3633
Re: Please help! Need to act by tomorrow! [kim100] by bvdj84
Mar 09, 2009 (7:59 am)
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Replying to: kim100 (Mar 09, 2009 7:22 am)

Well, I have always had a lease around $20-22k, and my payments are usually around $299-$319 total! $0 down! So your deal seems to be right on track!
Its all about the sale price, I have a car now that was $25k, and they worked a really good deal on the lease, this is through GMAC, they are no longer leasing, so for my $319 payment, for a car that was $25k, and the price was lowered with incentives. I would say I am lucky to have such a loaded car and low payment. I have got the whole package, leather, roof, everything except the V6, I didn't want a V6. That is awesome. That alone is worth it to me, though I would prefer my Honda. Sometimes in a lease, you have to start out with a higher priced car, because you can sometimes work a deal out that would essentially be the price of a lower trim car. I have had much luck in doing this. If it seems to costly, then you can work down from there.
 
I would make the call now, that is what I call a cheap lease on a nice car!! You will love the car!
#3119 of 3633
Re: 2009 EX 4dr Auto Lease Deal [srq5363] by Car_man HOST
Mar 10, 2009 (2:41 am)
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Replying to: srq5363 (Feb 28, 2009 9:26 am)

Congratulations on getting your new Accord, srq5363. What a great value for $280 per month. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can also stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride!
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3120 of 3633
Re: Accord sedan rates/res [gpsac] by Car_man HOST
Mar 10, 2009 (2:53 am)
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Replying to: gpsac (Mar 03, 2009 12:38 pm)

I sure do, gpsac. Here's the information that you're looking for. Honda Finance's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Accord EX 4-cylinder Sedan with 15,000 miles per year are .00225 and 66%, respectively. The money factor for an otherwise identical lease of this car with only 12,000 miles per year would be the same, but the residual value would be 1% higher.
 
When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3121 of 3633
Re: Accord sedan rates/res [Car_man] by gpsac
Mar 10, 2009 (3:09 pm)
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Replying to: Car_man (Mar 10, 2009 2:53 am)

Well... thought the rates may be better this month. Honda residiuals of course have always been strong , but 225 is almost three times the interest compared to two years ago. 07 SE V6 sedan in April 07 came to 185 for 24mo + tax 15k yr with no cap red. Of the 5 Accords I've leased thru AHFC I have never wanted to keep one longer than 24mo (or any car actually), but the wife is driving this one and she just hit 20k. I called AHFC and was surprised how easy it was to extend the lease. Was told we could keep it up to two more years. Just one of the many reasons I don't understand why anyone would purchase a new Honda.
 
Thanks car-man!
#3122 of 3633
Re: Accord sedan rates/res [lyakir] by Car_man HOST
Mar 11, 2009 (12:36 pm)
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Replying to: lyakir (Mar 03, 2009 5:23 pm)

Hello lyakir. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Honda Accord LX 4-cylinder Sedan with 15,000 miles per year are .00225 and 58%, respectively for consumers who qualify for its "Super Preferred" credit tier. The numbers for an otherwise identical lease of an '09 Accord Sedan EX 4-cyl. without leather or nav are exactly the same.
 
When negotiating your lease on this car, make sure to take advantage of the $1,000 dealer cash that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3123 of 3633
Re: EX V6 Sedan March Rates [AXM23] by Car_man HOST
Mar 11, 2009 (12:39 pm)
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Replying to: AXM23 (Mar 05, 2009 5:45 am)

Here you go, AXM23. Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord EX V6 Sedan without navigation with 15,000 miles per year are .00225 and 57%, respectively for consumers who qualify for its top credit tier. The money factor for a lease with only 12,000 miles per year is the same, but the residual value is 2% higher.
 
When negotiating your lease on this car, make sure to take advantage off the $1,000 dealer cash that is currently available on it. With this cash, you should be able to negotiate a capitalized cost that's below dealer invoice.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3124 of 3633
Re: EX V6 Sedan March Rates [Car_man] by AXM23
Mar 12, 2009 (9:33 am)
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Replying to: Car_man (Mar 11, 2009 12:39 pm)

Sorry Car Man. I meant the EXL V6.

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