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Honda Accord Lease Questions

3630 messages,  Last post on Dec 06, 2009 at 9:12 PM

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What is this discussion about? Honda Accord, Car Leasing, Coupe, Sedan

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#3376 of 3630 Re: Low EXL-V6 w/Nav residual [avalon2000] by kingpcgeek Jul 17, 2009 (9:23 am)
Replying to: avalon2000 (Jul 16, 2009 2:08 pm) Leasing a Honda with nav is a mistake. You wind up paying for all of the nav during the lease instead of just the depreciation part. Whenever a manufacturer list separate lease factors for non nav and nav versions of a car that is a red flag. Replies to this message: avalon2000 (Jul 18, 2009 1:58 pm) sleepysoo (Jul 18, 2009 6:16 pm)
#3377 of 3630 Getting ripped off here? by avalon2000 Jul 17, 2009 (2:09 pm)
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???
#3378 of 3630 Re: Was this deal a good one? [Car_man] by koftheworld Jul 18, 2009 (1:34 pm)
Replying to: Car_man (Jul 16, 2009 2:07 am) Thanks for the reply Car_man! Is the selling price the "agreed upon value of the vehicle" on the contract? If so it was $18,867.90. Replies to this message: Car_man (Aug 20, 2009 3:21 am)
#3379 of 3630 Re: Low EXL-V6 w/Nav residual [kingpcgeek] by avalon2000 Jul 18, 2009 (1:58 pm)
Replying to: kingpcgeek (Jul 17, 2009 9:23 am) Being that I have already leased an Acura TL-S & two Honda EXL-V6's all with navigation, I have to say that the Honda unit [I think Alpine manufactured] is far superior than any of the add-on windshield types, and I've used almost all of them on other vehicles, and once hooked one up to one of the Hondas to see the difference, as it was very inferior. Also, the built-ins have dead reckoning whereby if you lose the satellite it automatically switches to the wheel spin to calculate your location, then self-correcting as needed once it picks up the satellite again.   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. Replies to this message: sleepysoo (Jul 18, 2009 6:16 pm)
#3380 of 3630 Re: Low EXL-V6 w/Nav residual [avalon2000] by sleepysoo Jul 18, 2009 (6:16 pm)
Replying to: avalon2000 (Jul 18, 2009 1:58 pm) I agree...the factory installed navi is SOOOO much better than the portable ones. i've had several acuras and accords with navi, and i have to say, they're WAYYYYY better than mercedes or bmw's navis.   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!!!
#3381 of 3630 July MF by ja54 Jul 19, 2009 (6:22 am)
Hello,   Does anyone know the July MF and residual for an EX-L, 12k/yr 36 mo lease?   Thanks, Replies to this message: fmejia83 (Jul 19, 2009 7:25 am) Car_man (Aug 20, 2009 3:30 am)
#3382 of 3630 Re: July MF [ja54] by fmejia83 Jul 19, 2009 (7:25 am)
Replying to: ja54 (Jul 19, 2009 6:22 am) I was told recently that for a 4 cyl coupe EX-L with navi residual is 51% and for tge top tier MF is .00171. Hope this helps
#3383 of 3630 Accord Coupe 2009 Lease Prices by cinbee Jul 17, 2009 (6:36 pm)
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
#3384 of 3630 Re: 09 Accord EX [sleepysoo] by jlee8071 Jul 21, 2009 (8:04 pm)
Replying to: sleepysoo (Jul 17, 2009 8:41 am) Thanks sleepysoo. Is the $237 lease payment before or after tax? I got a quote for $250 after tax for LX (3 yr/36K) with around $700 drive-off (1st month, license, doc fees)   thanks Replies to this message: sleepysoo (Jul 21, 2009 10:42 pm) jlee8071 (Jul 21, 2009 10:54 pm)
#3385 of 3630 Re: 09 Accord EX [jlee8071] by sleepysoo Jul 21, 2009 (10:42 pm)
Replying to: jlee8071 (Jul 21, 2009 8:04 pm) it's after tax. but, it's with the OC tax rate. the drive offs sound right though!   assuming all the numbers are still the same (MF, residual, etc), that sounds like a decent deal. sounds like they're splitting the difference on the $1500 marketing incentive. Replies to this message: jlee8071 (Jul 21, 2009 10:54 pm)

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