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Honda Accord Lease Questions

3600 messages, Last post on Nov 10, 2009 at 3:46 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

Outline

Messages Page 331 of 360: 1; ...; 328; 329; 330; 331; 332; 333; 334; ...; 360; Prev; Next; Last

#3301 of 3600 June's RV and MF by tarp_kitko Jun 02, 2009 (6:42 pm)
Can somebody post June's RV and MF for accord coupe v6 w/manual? Thanks. Replies to this message: Car_man (Jun 03, 2009 2:41 am) tarp_kitko (Jun 03, 2009 1:58 pm) kingpcgeek (Jun 04, 2009 7:46 am) and 7 more... bandit400 (Jun 04, 2009 10:40 am) donaldoadams (Jun 19, 2009 8:06 am) Car_man (Jun 30, 2009 1:46 am)
#3302 of 3600 Re: Honda Accord: Lease Questions [bvdj84] by Car_man HOST Jun 03, 2009 (1:56 am)
Replying to: bvdj84 (May 19, 2009 5:14 am) Hi bvdj84. I'd be happy to work up a payment on the car that you're interested in for you. According to my calculations, if you were to lease a 2009 Honda Accord Sedan EX-L V6 with Navigation that has an MSRP of $31,575 and a selling price of $28,722 through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $411 assuming that you qualify for its top aka "Super Preferred" credit tier. Even with tax, the payment that you were quoted looks slightly high. Not only that, but the selling price that the dealer gave you isn't great. The last time that I checked, Honda was providing $1,500 dealer cash on this car. This means that the selling price of slightly over dealer invoice that you were quoted is really equivalent to around $1,500 over. If I was in the market for this car, I personally would try to get this dealer to shave $1,000 off of this car's price or shop around to see if another dealer would. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3303 of 3600 Re: Lease Termination Fees [navicivic] by Car_man HOST Jun 03, 2009 (2:00 am)
Replying to: navicivic (May 19, 2009 9:40 am) Hi navicivic. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, your brother would need to purchase the vehicle that he is currently leasing from the bank that he is leasing it through. It often turns out that it costs more to do so than one's vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive. Your brother can determine approximately how much it will cost him to get out of his current lease by comparing its purchase price to its value on the open market at this time. He should place a call to the bank that he is leasing his vehicle through to find out its exact price. Once he knows exactly how much money it is going to cost him to buy his leased vehicle he needs to compare it to its current value on the open market. He can find out approximately what his vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. He also may want to stop by the following discussion: "Real-World Trade-In Values". Remind him to check to see if he is still on the hook for his remaining lease payments. The difference between his leased vehicle's current value and how much it will cost him to buy it plus any remaining lease payments that he is obligated to pay will equal the cost of getting out of his lease right now. He may find that he is better off waiting until you are closer to the scheduled end of his lease to get another new vehicle. Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: bvdj84 (Jun 03, 2009 4:12 am)
#3304 of 3600 Re: Lease info on 2009 Honda Accord 3.5 EX-L w/Navigation 4/dr [g2so] by Car_man HOST Jun 03, 2009 (2:12 am)
Replying to: g2so (May 19, 2009 10:13 pm) Hi g2so. If I was in the market for a Honda Accord right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $1,500 dealer cash that is currently available on this model. You can look up the invoice price of the exact car that you are interested in by visiting the New Vehicle Pricing section of Edmunds.com. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor for a 36 month lease of any 2009 Accord is .00207 for consumers who qualify for its top aka "Super Preferred" credit tier. Honda Finance's current 36 month, 15,000 mile per year residual value for an '09 Accord Sedan EX-L V6 with navigation is 53%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3305 of 3600 Re: Lease Accord Coupe 4cyl Auto EX-L (no navi) [jgreenberg] by Car_man HOST Jun 03, 2009 (2:33 am)
Replying to: jgreenberg (May 26, 2009 10:10 am) Hello jgreenberg. The dealer invoice price of the car that you described is $24,605. The selling price that you were quoted is $1,500 under dealer invoice (or right around invoice once the available dealer cash is taken into account). That is an excellent selling price. Just make sure that the dealer that you are working with uses Honda Finance's current buy rate lease money factor of .00207 (top credit tier) to calculate your monthly payment and you're in business. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#3306 of 3600 Re: June's RV and MF [tarp_kitko] by Car_man HOST Jun 03, 2009 (2:41 am)
Replying to: tarp_kitko (Jun 02, 2009 6:42 pm) Greetings tarp. I thought that Honda might revise its lease program for the month of June, but thus far its June program appears to be the same as the May program. I'll provide you withe May info now and keep my ear to the ground for any changes. According to the latest information that I have seen, Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Coupe EX-L V6 without navigation with 15,000 miles per year are .00207 and 52%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier. Last month Honda was providing $1,500 dealer cash on this model. I suspect that this cash is still the same, but again I have to check to see if there has been any revisions. Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: tarp_kitko (Jun 03, 2009 1:58 pm) kingpcgeek (Jun 04, 2009 7:46 am) tarp_kitko (Jun 08, 2009 2:21 pm) and 6 more... bandit400 (Jun 04, 2009 10:40 am) donaldoadams (Jun 19, 2009 8:06 am) Car_man (Jun 30, 2009 1:46 am)
#3307 of 3600 Re: Lease Termination Fees [Car_man] by bvdj84 Jun 03, 2009 (4:12 am)
Replying to: Car_man (Jun 03, 2009 2:00 am) If you are wanting to trade, you usually can skip the step of buying your own lease out. As that would take a long time. However, if you are trading, you need to look at your pay off amount versus your market value on the car. Then you will know how much negative equity you'll have to roll into the new deal. Most cars will have something to roll in now. Unless you are in the last year of your terms. Buying your own lease out, then trying to sell it or trade it seems like you would lose more money and lots of time in the process (time, interest, fee, etc) Why get a loan, only to trade it again? I think both ways are logical, but I am think realistically in quicker time frame. Hope you don't mind I chime in on that Car_man. If I want to trade, I'll want to move soon.
#3308 of 3600 Re: June's RV and MF [Car_man] by tarp_kitko Jun 03, 2009 (1:58 pm)
Replying to: Car_man (Jun 03, 2009 2:41 am) Thanks, Car_man. BTW, I got an offer for accord coupe v6 with MT: 396 tax inc 0 down 609 due at signing. What do you think? Replies to this message: kingpcgeek (Jun 04, 2009 7:46 am) tarp_kitko (Jun 08, 2009 2:21 pm) kingpcgeek (Jun 08, 2009 2:55 pm) and 5 more...
#3309 of 3600 Re: June's RV and MF [tarp_kitko] by kingpcgeek Jun 04, 2009 (7:46 am)
Replying to: tarp_kitko (Jun 03, 2009 1:58 pm) without a selling price can't tell you what kind of deal you have. Let alone term and mileage of the lease. Replies to this message: tarp_kitko (Jun 08, 2009 2:21 pm) kingpcgeek (Jun 08, 2009 2:55 pm) tarp_kitko (Jun 08, 2009 4:51 pm) and 4 more...

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