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Prices Paid: Buying & Leasing Experiences Honda Accord Lease Questions
3625 messages, Last post on Dec 01, 2009 at 6:00 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| I'm being offered $384 a month for 36 months with $750 down to cover first month and inceptions for an 09 accord coupe 4cyl auto with nav. Selling price $24925 residual is 51% for 12k miles and money factor is .00171. Does this look like a good deal? | |
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Replying to: jlee8071 (Jul 13, 2009 11:54 pm) well, based on my calculations, you should be able to get somewhere around $237.42 on up. here are my assumptions to come to that number...remember, i don't know if these have changed for july or not... money factor: .00207 Residual: 60% 12k miles/year 3 years 8.75% tax (OC tax rate) Basically, the number i got up there is the invoice price minus the $1500 dealer incentive (they call it a marketing allowance). Without $1500 off, it's $286.11/month. I hope they're still doing the $1500 dealer marketing allowance. if they are, and all the other numbers are correct, then you should be able to get something between the two numbers i mentioned above...just depends on how much you want the dealership to make!  oh yeah...this is with 0 down. probably need to make 1st month payment and doc fees. but, that number i posted above includes the destination fee. so, don't let them make you pay that up front. if they do, then the payments should be lower!
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Replying to: avalon2000 (Jul 16, 2009 2:08 pm)
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A NYC Honda dealer just gave me the following quote today: 2009 Honda Accord 4-dr sdn 2.4 EX-L w/Nav & auto tran -- $29,315 sticker Options: back-up sensors -- $510 retail installed fog lights - $280 retail installed all weather mats - $142 retail splash guards - $101 retail installed color: optional, prefer white Adjusted Sticker: $30,348 according to www.truecar.com, without above options, vehicle could be had for $24,500 in the NYC metro area. Add in a reasonable 50% cost of options retail cost, $517 + $24,500 = $25,017 true base cap, but, as seen below, dealer wants a calculated $26,785. Sign & Drive Lease w/Honda Finance 36 mo./ 15k miles  yr. Tier 1 Credit NYC sales tax 8.375% Residual 51% Money Factor .00195 $436 mo. Based upon my Lease Calculator computations for dealer quoted prices, working backwards: MSRP: 30348 Base Cap Cost: 26785 [dealer asked] Costs Added to Lease: 195 [doc. fee] Cap Cost Reductions 0.00 Adjusted Cap Cost: 26785 Residual Value: 15477 [51%] Money factor: .00195 Term (months) 36 Sales Tax %: 8.375 Monthly Payment: $402.32 + $33.69 tax = $436.01 Depreciation: 11503 Finance (Rent) Charge: 2980 Total Sales Tax: 1213 Total of All Payments: 15696 Total Lease Cost: 15696 If Base Cap Cost is $25,017, as per my above calculation, then monthly lease payment becomes $379.05, tax incl. And this ASSUMES that the Residual value is correctly a low 51%, as this is the same as for the V-6. ANY COMMENTS??? |
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Replying to: Car_man (Jul 16, 2009 2:07 am)
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Replying to: kingpcgeek (Jul 17, 2009 9:23 am) If only someone would figure out how to get the portable units off the windshields and into some universal slip-in space in the dashboard wherein it would also hook into a built-in roof top GPS antenna, then I'd consider it. Also, had OnStar in my 2003 TL-S, w/Nav as a separate factory built in. Have to say that OnStar is fabulous, worth every penny! Why Acura dropped it I'll never know. I now have it in my 2007 Saab 9-7X 5.3 SUV, and it is still wonderful, it now has turn-by-turn navigation, though I also have the factory built in nav anyway. 
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Replying to: avalon2000 (Jul 18, 2009 1:58 pm) i also wish they had some kind of universal space that we can put a portable navi into without putting it on the windshield...it's so annoying!!! but, if i could afford it, i would have most definitely gotten the accord with navi...i just love honda/acura's navigation systems! for the amount i use navigation and for the convenience of it, it's totally worth my money. too bad i'm poor these days!!! 
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Hello, Does anyone know the July MF and residual for an EX-L, 12k/yr 36 mo lease? Thanks,
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Replying to: ja54 (Jul 19, 2009 6:22 am) |
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I have been trying to negotiate a lease for a 2009 Accord Coupe LX-S or EX for the past 3 weeks, and I seem to be hitting a wall. I'm working through the internet department as I have in the past for 5 other leases. I thought the economy was bad, but I can't get what I want, unless I'm being unreasonable. What do you think? So far my quotes for an LX-S 36 mo. 12,000 miles with $1000 out of pocket have been about $280 per month with tax and for the EX same numbers about $300 per month with tax. All the dealers I am talking/seeing are about the same, give or take a dollar or two. Is this high, or is this about right? I'm limiting myself to $1000 out of pocket since I have a Mazda to return on a lease with a $400 return fee, plus God only knows what excess wear and tear they will charge although car in good shape. Any ideas or thoughts appreciated! I'm about ready to just buy a bike!!!! Both auto trans |
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