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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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#3305 of 3629
Re: Lease Accord Coupe 4cyl Auto EX-L (no navi) [jgreenberg] by Car_man HOST
Jun 03, 2009 (2:33 am)
Reply

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
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Prices Paid: Buying & Leasing Experiences Forum
#3306 of 3629
Re: June's RV and MF [tarp_kitko] by Car_man HOST
Jun 03, 2009 (2:41 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#3307 of 3629
Re: Lease Termination Fees [Car_man] by bvdj84
Jun 03, 2009 (4:12 am)
Reply

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 3629
Re: June's RV and MF [Car_man] by tarp_kitko
Jun 03, 2009 (1:58 pm)
Reply

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?
#3309 of 3629
Re: June's RV and MF [tarp_kitko] by kingpcgeek
Jun 04, 2009 (7:46 am)
Reply

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.
#3310 of 3629
Re: June's RV and MF [Car_man] by bandit400
Jun 04, 2009 (10:40 am)
Reply

Replying to: Car_man (Jun 03, 2009 2:41 am)

Looking to lease a 09 Accord 4dr LX 4cyl auto for 36 months and 15k per year:
 
I was looking at a few of the posts made about two weeks ago which showed the RV for a lease of this type as 57% and the money factor of .00207. Are these values still current?
 
I noticed posts from the past day or two showing only a 52% RV. Although, if I calculate the RV off of the $199 lease special details on honda's website for a 12K per year lease it still comes out to 59%. Not sure if the lower RV was a result of it being the EX model.
 
I want to ensure that I have my facts straight regarding honda's current lease program before I approach the dealer. Thanks.
#3311 of 3629
Looking for lease info on 09 accord coupe ex-l v6 by bigneube23
Jun 05, 2009 (9:03 pm)
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New here, just looking for some information or a quote on a 36 month lease at 12k miles a year for 3 years on an 09 honda accord coupe ex-l v6 with $0 down, nothing out of pocket. I am trying to keep it under $400 a month, would this be reasonable? I live in new york with 8.25% tax. Any information would help. Thanks!
#3312 of 3629
Re: Looking for lease info on 09 accord coupe ex-l v6 [bigneube23] by kingpcgeek
Jun 05, 2009 (11:08 pm)
Reply

Replying to: bigneube23 (Jun 05, 2009 9:03 pm)

At $1500 under invoice which is what I was quoted today you are looking at least $435 a month with 0 down.
#3313 of 3629
Re: Looking for lease info on 09 accord coupe ex-l v6 [bigneube23] by superman1011
Jun 08, 2009 (7:22 am)
Reply

Replying to: bigneube23 (Jun 05, 2009 9:03 pm)

Just signed on a lease for a 09 V6 EX-L last week (May). After spending months coing back and forth and going to several dealerships, i was able to get 12K miles, 3 year lease for 380.00/month with only first month down. The car also had "2,000" in dealer aaccesories, which were pretty much all waived. These included wheel locks, racing stripe, sun roof visor, environemnt protection coating, and full window tinting. My net cap cost was in the 25500 range before dealer fees, doc. fee, tag, etc. I am in NC and our taxes are about 3%.
 
I had negoiated 369.00 on the same car minus the accessories, but it has black interior and i wanted the tan.
 
A great deal can be had! I was discouraged, but finally made a big WIN!!!
 
Good luck!
#3314 of 3629
Re: June's RV and MF [kingpcgeek] by tarp_kitko
Jun 08, 2009 (2:21 pm)
Reply

Replying to: kingpcgeek (Jun 04, 2009 7:46 am)

Ok so here is the deal.
They gave me a selling price of $26544, which Im fine with. Then they confirmed that they have the same RV - 52% (for 15k/year), and MF - 0.00207. Now when I did my calculations i came up with $370 before taxes, and $391 after taxes. They came up with $409.60 after taxes. I very clearly explained how i got my numbers, they, on the other hand, just kept pointing at the paper and kept telling that these are their numbers. Then I offered $400, but they said no. So what do you think? Should I settle for $409.60 a month or i can get a better deal?
BTW, to everybody else - we are talking about accord coupe V6 with MT no Navi.

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