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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
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Hi guys, It's my first time to consider leasing. A leasing company is offering 36 mo and 12,000mi/yr  the following pricing Banker fee: 545 DMV fee: 350 Monthly: 282 Down: 0 Total applying NJ tax on Fees and Monthly: $11,127 Total out of pocket/month including tax: $309 Can someone please let me know if this is a good deal or not? I wish I can lease 2009 models to save the cost, but the chances look very slim. I would love to get 2010 or 2009 EX Coupe as they come with the premium sound package. Yet leasing options seemed very high on 2010s, and 2009s were not available. Would you guys please recommend any good dealer offering very low buy or lease? I was offered 21,500 before tax on 2009 EX coupe. Thanks again for your help!
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Replying to: gator00si (Nov 08, 2009 4:09 pm) Honda Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Accord Coupe EX-L 4-cylinder without navigation with 15,000 miles per year are .00270 and 48%, respectively for consumers who qualify for its "Super Preferred" credit tier. The numbers for an otherwise identical V6 model are .00270 and 47%. The numbers for an otherwise identical lease of a 2010 Accord Coupe EX-L 4-cylinder without navigation are .00133 and 55%. The numbers for a '10 V6 are .00133 and 53%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mstein_88 (Nov 09, 2009 7:55 am) Also, $3,000 sounds like a lot of money to pay at lease signing. It is in your best interest to put as little money down as possible when leasing. Consumers who pay a lot of money at lease signing risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. Typically, all one has to pay at signing is their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment (but I believe that this charge is being waived on '10 Accord leases right now), Honda Finance's $595 acquisition fee, and any required state taxes or fees. Don't pay anything more than that, such as a capitalized cost reduction. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: nikomatto (Nov 10, 2009 8:51 pm) Let's work up a sample Honda Finance lease on the car that you are interested in and see how much it would cost. According to my calculations, if you were to lease a 2010 Honda Accord Coupe EX 4-cylinder that has an MSRP of $25,390 and a selling price of $23,586 ($500 over invoice) through Honda Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $290. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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This is in Florida and I don't have all the specifics with me now. I did want to share with everyone the deal I got in case it helps you. 2010 Accord LX. $1,966,92 out of pocket, I don't have the breakdown with me of where they appropriated this money to. I remember seeing something like $1,200 or so for cap cost. I also remember seeing on my paper they used a residual of something like 58 or more likely 61 to 62%. This $1,966.92 included 1st month, tags, title everything. Total monthly payment for 36 months tax included is $222.98 Hope this helps someone. (no idea how much is cap reduction etc..). Total monthly payment for 36 months tax included is $222.98 |
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Hi hope you can assist me with the lease. Im looking to lease a 2010 Accord EXL for 36 months, 1000.00 out of pocket, 15000 miles per year. Currently have 4 months left on BMW lease so will roll the 2340.00. I was quoted 466.00 including tax. I figured to be about 432 including tax. I think the money factor and residual I used was 61% and money factor of .00133. MFG is 29540 with a selling price of invoice 26837.00. Thank you for all your help.
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Replying to: isellhondas (Nov 05, 2009 8:06 pm) Initial down 1999, 299 doc fee, 595 acq. fee, 125 tax+registration Here's the breakdown of that deal... $1999/36 (months) = $55.52 a month more if no money was put down. Thus making the payment $200.52 before tax. I know that he said that he leased it in MA. Honda Village in Newton MA is advertising a 2010 LX for $179+tax with $599 down plus fees due at signing. All the fees are the same as compared to the above quoted lease with the one exception being that Honda Village makes you pay the "destination charge" at signing (which is BS and possibly not even legal, but is besides the point for the sake of this comparison). Dest. is $710. $710/36months = $19.72 more per month (if rolled in to payment as opposed to being paid upfront). $599/36months = $16.64 more per month (again, if rolled in to payment as opposed to being paid upfront). Therefore, if the "destination fee" was rolled into the payment, and $0 was put down as opposed to the $599, you would be looking at a monthly payment before tax of $215.36. The extra $15.36 a month over the 36 month lease totals about $553. I would assume Honda Village is not advertising their Accord lease (which they specifically say they have 10 available at that price) at dealer invoice, though i may be wrong. Thus, it would make sense that they might be advertising at about $500 over invoice, in which case, the quoted lease above, which everyone seems to think is impossible, actually seems quite possible. Let me know if you think I am wrong. My fiance and I will actually be going there tomorrow to lease her a new Accord LX, and i will let you all know if this happens to be the case or not.
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Hi Car Man. Looking to lease a 2010 Accord EX Sedan at 10,000 miles per year for 36 months. Can you please let me know what the current residual value and money factor is? If there is a difference in numbers with and without nav I'd appreciate it if you could let me know both. Many thanks. |
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Replying to: crani (Nov 11, 2009 8:23 am) |
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Car man, Can you please give me the Residual and Money Factors on the following 2 cars? I am trying to figure out a lease for 36 months/15,000 miles. 2010 Honda Accord LX-S Automatic Coupe 2010 Honda Accord EX Automatic Coupe Thanks!! |
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