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Honda Accord Lease Questions

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

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

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#3603 of 3624 Re: 2009 Lease Rates [gator00si] by Car_man HOST Nov 11, 2009 (2:42 am)
Replying to: gator00si (Nov 08, 2009 4:09 pm) Hi gator00si. Honda is still providing $1,500 dealer cash on 2009 4-cylinder Accords and $750 on V6 models, However it is not providing lease support on '09s any longer. I haven't run the numbers, but I wouldn't be surprised if the lease support on the 2010 model made it cheaper to lease one of them than an '09 at this point. Here's the numbers for both.   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
#3604 of 3624 Re: 2009 Lease Rates [mstein_88] by Car_man HOST Nov 11, 2009 (2:49 am)
Replying to: mstein_88 (Nov 09, 2009 7:55 am) Welcome mstein_88. I always advise consumers to find out what selling price any lease that they are quoted are based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Knowing this car's selling price would make it much easier to see if there was any meat leaft on the bone on this deal so to speak.   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
#3605 of 3624 Re: 2010 Accord EX Sedan or Coupe Lease Quote [nikomatto] by Car_man HOST Nov 11, 2009 (2:58 am)
Replying to: nikomatto (Nov 10, 2009 8:51 pm) Hi nikomatto. I personally am always hesitant to go with independent leasing companies that act almost as brokers on leases. It is usually much cheaper and safer to go with a lease through Honda Finance. You will likely be able to negotiate as good a deal or even a better one by comparison shopping with a few dealers for a Honda Finance lease.   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
#3606 of 3624 Got a 2010 Accord by davidwilp Nov 11, 2009 (4:37 am)
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
#3607 of 3624 2010 Accord EXL-Nav Lease by crani Nov 11, 2009 (8:23 am)
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. Replies to this message: bvdj84 (Nov 12, 2009 12:13 pm)
#3608 of 3624 Re: 2010 Accord LX lease [isellhondas] by solepole Nov 11, 2009 (1:54 pm)
Replying to: isellhondas (Nov 05, 2009 8:06 pm) 2010 Accord LX - $145 + state tax per month for 36 months 12k miles per year 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. Replies to this message: hondashpr (Nov 16, 2009 5:19 pm)
#3609 of 3624 Accord EX Sedan by thechairman1 Nov 11, 2009 (6:27 pm)
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.
#3610 of 3624 Re: 2010 Accord EXL-Nav Lease [crani] by bvdj84 Nov 12, 2009 (12:13 pm)
Replying to: crani (Nov 11, 2009 8:23 am) Do you not have any equity on the BMW? If you only have 4mths left, usually in a lease you have some equity to trade with. Otherwise, your paying way too much for the new lease and the roll over amount seems so high. I have never had troubles at that point in a lease when trading. They usually owe me credit at that point. I would see if it was a GM product, but a BMW?
#3611 of 3624 Please Help by htownpimp786 Nov 15, 2009 (3:09 pm)
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!!
#3612 of 3624 Accord Coupe question by sirkob Nov 15, 2009 (4:19 pm)
i have a few questions.. im in the Bronx, NY looking to get into a Honda Accord Coupe before the end of the year.. Really looking into the EX-L (4 cylinders).. How much should i expect to be paying on a lease?.. My budget is around $350-400 for a monthly payment.. and when should i go? end or beginning of the month? does that effect the price? any advice before i go to the dealer and sign on a lease since its my first experience with buying a car.

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