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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
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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.)
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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
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Replying to: quantifire (Nov 06, 2009 11:19 am) 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
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Replying to: gator00si (Nov 08, 2009 4:09 pm) "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."
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Replying to: dustinhoffman (Nov 07, 2009 1:59 pm) |
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Replying to: freezedog (Nov 06, 2009 9:53 am) |
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Replying to: freezedog (Nov 06, 2009 9:53 am) 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 |
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Replying to: quantifire (Nov 06, 2009 11:19 am) 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 |
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Replying to: hondashpr (Nov 07, 2009 2:23 pm) 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 |
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Replying to: d_079 (Nov 08, 2009 7:43 am) 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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