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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3629 messages, Last post on Dec 04, 2009 at 9:38 PM
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Hey guys I'm interested in getting an Ex-l V6 coupe no nav. I live in NJ if that matters. I'm just wondering what monthly payment I should be shooting for with $3000 down and 12000 miles a year? I'm really hoping for $250 a month for 36 months. Is that crazy? Thanks for the help. |
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Replying to: jhinsc (Mar 13, 2009 5:57 am) |
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I got deal FOR 36 MONTH 15K PER YEAR 300$ I JUST PAID 3500 DOWN FROM COLUMBUS OHIO LINDSAY HONDA EAST I DONT KNOW IF IT IS AGREAT DEAL BUT I FELT IT IS OK.
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Replying to: fener1907 (Mar 14, 2009 7:39 pm) 
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Replying to: dolsey01 (Feb 20, 2009 5:06 pm) Thanks.
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I just received the following quote for this car in Boston, MA: 36 Month Lease $336 Per month 12K miles $1900 at signing for the non residual costs I am very new at this, and wanted to know if this is reasonable. Unfortunately, I do not even know if the monthly payments includes taxes. Can anyone please give me some advice? Also, if there is anyone in Massachusetts that can refer to me to a Honda dealership they had good experiences with, I'd would appreciate it. Thanks! |
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Replying to: parker1856 (Mar 15, 2009 2:38 pm) |
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I know you all want a low payment, but putting that much down on a lease is absolutely crazy. You would be better off keeping your "savings" in the bank, and walk out with clean lease deal. You just put money into a car you do not even own, who knows you may want to trade out after 1-2yrs into the lease. It doesn't even help your principal. Though, I almost put 2k into a lease once, but you know, I trade my cars so often, doing that would be crazy, or just throwing cash away. Even if you do keep it the whole lease, I do not think it is wise to dump money into lease. Keep the money in the bank, you'll have that and your new leased car. Especially now days, not a smart thing to do for anyone, regardless of income or savings amount. I can understand why one chooses to do this, but if you have to do this, perhaps that model of car is not one you can truly afford.  For every $1k, it only drops your payment about $20 or so. Just be careful!
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Replying to: bvdj84 (Mar 16, 2009 6:47 am) thanx
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Replying to: bvdj84 (Mar 16, 2009 6:47 am) Trying to trade out of a lease after 12 or 24 months on a 36 month or higher lease term in most cases does not make good financial sense. I do agree with your assessment to not put money down on leases if possible. Keep that money in the bank and subsidize your payments by monthly withdrawing the small amount you would have saved on your monthly payments. And if your deposit was coming from a credit card - well, we don't need to discuss the financial sense of doing that. |
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