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Honda Accord Lease Questions

3624 messages,  Last post on Nov 24, 2009 at 7:59 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


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#3592 of 3624
2010 Accord LX Deal by hondashpr
Nov 07, 2009 (2:23 pm)
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Hi, Car Man,
 
2010 Accord LX 3 year, 36,000 mile lease. $2,000 due at signing with payment of $184 a month (tax included). This deal includes a trade valued at about $700. Dealer says price of car to me is $19,600. Residual is 61% (I think buy out is about $13,600). Money factor is.00133. What do you think? Good deal or not? Thanks! (Love this forum.)
#3593 of 3624
2010 Accord LX-P by d_079
Nov 08, 2009 (7:43 am)
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2010 LX-P 12,000 miles, 36 months, $2500 down, $263/month.
Any input is appreciated!! This is the figuring I got from the dealer:
  
  
Lender Program: AHFC (NATIONAL) / SP / Preferred Term: 36
Rate Adjustment: BASIC standard program
Residual Adjustment: Basic Standard Program
 Profit
Vehicle Price: 21937.00
Vehicle Cost: 21637.56
 Dealer Cash: 0.00
Vehicle Profit: 299.44
Trade: 0.00
Lender Discount: -
Front-End: 299.44
Back-End: 0.00
Reserve (split: 70% ): 100.00
Total: 299.44
Available: 5130.99
 
Deal
 Vehicle Price: 21937.00
Trade-In Bal.: 0.00
Taxes: 693.22
DMV/Misc Fees: 0.00
Lender Fees: 595.00
Aftermarket: 0.00
Credit Insurance: 0.00
Amount Due: 23225.22
  
Cash Down: 1146.49
Upfront Items: 693.22
 Rebate: 0.00
 Trade-In: 0.00
Adj Cap Cost: 21385.51
  
Due In Advance
Due At Signing: 2499.97
 Rebate: 0.00
 Trade-In: 0.00
 Dealer Cash: 0.00
Out of Pocket:
  
 Residual MSRP: 23565.00
Applied Residual %: 61%
Residual NET $: 14374.65
Residual NET %: 61.000%
       
Adj Cap Cost: 21385.51
Credit Tier: Preferred
Sell Rate: .00193
Markup: Not Allowed
Buy Rate: 0.00193
Term: 36
Payment: 263.76
#3594 of 3624
Re: 2009 Lease Rates [quantifire] by gator00si
Nov 08, 2009 (4:09 pm)
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Replying to: quantifire (Nov 06, 2009 11:19 am)

Carman,
 
I'm looking for the 2009 Honda Accord Coupe EX-L both I-4 and V-6 lease numbers based on 15k mi/yr. There is still the 1,500 marketing support on the I-4 and 750 MS on the V-6. I would think the 36/mo term his Honda's sweet spot lease. Thanks
#3595 of 3624
Re: 2009 Lease Rates by mstein_88
Nov 09, 2009 (7:55 am)
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Replying to: gator00si (Nov 08, 2009 4:09 pm)

I'm looking into a lease for the first time. At the advice of some of you folks, I'm currently looking to get a few Internet sales quotes via email from my local dealerships. Here's the first one I received. I realize it's probably not nearly enough information, so how should I respond to it and what exactly should I be asking for? Any input is much appreciated. Thanks all.
 
"The 2010 Honda Accord Lx sdn leases for $179. + tax per month. This is with $3000. due at signing. This lease is for 30 months with 12000 miles per year. Please call me to schedule your test drive."
#3596 of 3624
Re: 2010 Accord LX lease [dustinhoffman] by pantru
Nov 09, 2009 (2:05 pm)
Reply

Replying to: dustinhoffman (Nov 07, 2009 1:59 pm)

Glad to know it is a good deal. It was in Massachusettes from a Honda dealer in Reading. I am already enjoying my car since 1 week
#3597 of 3624
Re: 2010 Accord EX-L V-6 Lease Rates [freezedog] by thinkingtl
Nov 09, 2009 (2:56 pm)
Reply

Replying to: freezedog (Nov 06, 2009 9:53 am)

sorry don't have the info, but i am looking to lease the same model. where are you located and do you have any quotes?
#3598 of 3624
Re: 2010 Accord EX-L V-6 Lease Rates [freezedog] by Car_man HOST
Nov 10, 2009 (3:38 am)
Reply

Replying to: freezedog (Nov 06, 2009 9:53 am)

Hi freezedog. Here's the information that you're looking for. Honda Finance's November buy rate lease money factor and residual value for a 36 month lease of a 2010 Accord EX-L V6 Sedan without navigation with 15,000 miles per year are .00133 and 55%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3599 of 3624
Re: 2009 Lease Rates [quantifire] by Car_man HOST
Nov 10, 2009 (3:42 am)
Reply

Replying to: quantifire (Nov 06, 2009 11:19 am)

Hi quantifire. While Honda is not providing lease support on the 2009 Accord any longer it does have a standard program on it. Honda Finance's November buy rate lease money factor and residual value for a 24 month lease of a 2009 Accord Sedan EX-L 4-cylinder with 15,000 miles per year are .00270 and 58%, respectively for consumers who qualify for its top aka "Super Preferred" credit tier.
 
The numbers for an otherwise identical 36 month lease are .00270 and 50%.
 
If you were to lease with only 12,000 miles per year, this car's 24 month program would be 1% higher and its 36 month program would be 2% higher.
 
In lieu of lease support, Honda is providing $1,500 dealer cash on this car that may be used in conjunction with its standard lease program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3600 of 3624
Re: 2010 Accord LX Deal [hondashpr] by Car_man HOST
Nov 10, 2009 (3:46 am)
Reply

Replying to: hondashpr (Nov 07, 2009 2:23 pm)

Hi hondashpr. I;m glad that you like this forum so much, The .00133 money factor that you were quoted is right in line with Honda Finance's current buy rate for this car, so that's a good sign.
 
Let's take a look at the other important variable on a lease...the selling price. The dealer invoice price for a base 2010 Accord LX is $20,533. The price that you were quoted is significantly below that, so it appears to be an excellent deal.
 
If you like the car, I personally don't see any reason not to go for it, though I would have the dealer use the money from my trade to pay whatever was due at signing and cut me a check for anything that was leftover.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#3601 of 3624
Re: 2010 Accord LX-P [d_079] by accordlxp2010
Nov 10, 2009 (10:27 am)
Reply

Replying to: d_079 (Nov 08, 2009 7:43 am)

I leased one last week:
Accord 2010 LX-P 12,000 miles, 36 months, $3150 down (including first month payment and other fees) with $240/month. I do not know whether it is a best deal or not but I was in rush so, I hope if not best/good then at least not bad deal.

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