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Honda Accord Lease Questions

5230 messages,  Last post on May 18, 2013 at 12:29 PM

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

Messages Page 468 of 523

#4670 of 5230 Re: Lease Deals on Accord for May? [landofand] by gofish

May 19, 2012 (2:37 pm)

Replying to: landofand (May 18, 2012 2:38 pm)
Picked up my wife's leased 2012 Accord SE just this afternoon. Gray with black leather. Voss Honda in Tipp City, OH (very pleased with this dealership). Here is my data for a 36 month 15K miles/yr lease:
 
MSRP: 24,820
"Selling Price": 19,600
 
I paid 1,500 at signing which included:
- 921.92 Capital Cost Reduction
- 250.00 "dealer fee" (add to price - you pay sales tax on it!!!!)
- 82.03 sales tax on these first two
- 178.30 first monthly payment
- 67.75 title/registration/tag fees
 
35 payments to follow at 178.30 (includes capitalized tax and acquisition fees of 419.28 and 595.00).
 
Residual value is 14,063.50
 
I've never leased, but this was a good deal as leases go so I took it. I evaluated my decision by considering the lease like financing for three years with a balloon payment. With leasing of course I have the option to walk away without hassle not having paid sales tax on the full value, and to be under full warranty for 36/45ths of the miles and still under powertrain warranty for the balance. It was hard to consider buying this time around.

#4671 of 5230 Re: Lease Deals on Accord for May? [gofish] by pegasus17

May 20, 2012 (8:04 am)

Replying to: gofish (May 19, 2012 2:37 pm)
REF: 4670
Excellent detailed write-up; best i've seen in a while.
Not much you can do about the optional $250 doc fee; all the Ohio dealers stick in in somehow (pun). Nonetheless, your excellent selling price of 19600 makes up for that. Total lease cost of $7740 is a great deal for a 15k per year lease. Did you price it at 12k per year?
Enjoy!

#4672 of 5230 Re: Lease Deals on Accord for May? [pegasus17] by gofish

May 20, 2012 (12:59 pm)

Replying to: pegasus17 (May 20, 2012 8:04 am)
Since all the ads are typically for 12K or less, yes I was initially drawn to one that was both advertised here in Dayton, OH locally and further detailed by either yourself or another poster here at Edmunds for a 12K lease. That would have been the zero at signing, then $189/month+taxes+doc fee for an SE with 12K. I understood Honda would charge .15 per mile over for an under $30K MSRP vehicle, but would instead charge .10 per mile if paid up front. After all was said and done, one could look at the deal I received as one where I was sold the miles for only .06-.07 per mile for the extra 3K miles per year. Since my wife averages about 14K and I figured we'd initially use the car one a couple of summer trips, I wanted to sign for 15K.
 
Consumers really need to read these forums as this has always been my best place for real-life/real-time info. Forget all the "estimates" of what constitutes a good deal; instead see what informed consumers are able to negotiate and look for the patterns and/or unknown incentives manufacturers and dealers are willing to play.
 
I really believe going new versus used is a better deal in the long run, IF one strikes when the deal is available and not when the need is pressing. For example, in late May 2009 I purchased a Pontiac Vibe. MSRP was 20,350, but ... GM was going to bankruptcy, Pontiac was eliminated, and many small-town dealerships were thrown under the bus. I bought at a dealership that was liquidating, used numerous rebates/incentives, had $3000 in GM card "points", and nearly $1000 in Citi Driver's edge. Before Tax/Tags/Title I essentially had a price of about 11,850.
 
Thanks to folks like yourself and others who post here I was able to lease for the very first time and get a good deal although I was a novice in this arena.
 
Thanks to all.

#4673 of 5230 Re: Lease Deals on Accord for May? [pegasus17] by gofish

May 20, 2012 (1:14 pm)

Replying to: pegasus17 (May 20, 2012 8:04 am)
... oh yeah, the $250 doc fee.
 
IMO, this is yet another government "good intention" that has backfired. When Ohio made $250 a "MAXIMUM" doc fee, there were dealers out there charging more. However, many were less. In May 2009 I was charged $150 for a doc fee; in Sep 2004, $75. I just think dealer associations decided, "if the Gov is going to dictate a maximum, then lets band together and call it $250 for all transactions".
 
So, like others here have pointed out, in advance of negotiating, decide upon your target price, but then deduct $250 (or allow whatever you wish them to receive) for your "real target". This way you can avoid the frustration and have won the psychological sales game despite letting them think they did. Again, you will pay sales tax on this "service" which should tell you something because in Ohio, one typically doesn't pay sales tax on services (e.g., HVAC technician working on your home heating system).

#4674 of 5230 Wondering If I Got A Good Lease Deal: 2012 Accord Coupe EX-L by bball233223

May 24, 2012 (4:33 pm)

Hi - I took delivery a few days ago on a 2012 Honda Accord EX- L and would appreaciate it if I could get some feedback on how well I did for myself. Here are the details:
 
I'm a NY resident and so is the dealership.
Lease terms are 36 months, 12k miles per year through honda financial
Car is black on black, auto, leather, xm radio, etc
$600xx due at signing for 1st month, new plates and small doc fee ($75)
 
35 remaining payments of $325.
 
Just curious if I was ripped off or got a great deal. Thanks!!

#4675 of 5230 Re: Wondering If I Got A Good Lease Deal: 2012 Accord Coupe EX-L [bball233223] by pegasus17

May 24, 2012 (4:50 pm)

Replying to: bball233223 (May 24, 2012 4:33 pm)
ref: 4674
Need more details like MSRP, sell price, sales tax rate, misc fees, residual %, money factor, etc. You can't just post a final o-t-d figure and expect an answer to that question.
 
it still baffles me why people post a deal AFTER it has been done and ask how they did...

#4676 of 5230 4675 by bball233223

May 24, 2012 (5:24 pm)

Bro if you're gonna be a jerk about it then just keep your mouth shut. Just curious to see how I did so I know better for next time. All the other info doesn't matter. The msrp is what is and bottom line number is the total dollar amount I'm paying for 36 months soup to nuts which is 12k. The standard version ex-l in one dealerships lot is the same as the standard version ex-l model in the next dealers lot down the block.

#4677 of 5230 Accord EX-L deal or not? by jubeekabee

May 24, 2012 (5:21 pm)

A friend of mine works at Honda and he said his GM could offer me an EX-L with $2500 due at signing, 3yr/36k for $250/mo. I do not have any others details then that, but should I follow up for more details?

#4678 of 5230 Re: Accord EX-L deal or not? [jubeekabee] by bball233223

May 24, 2012 (5:27 pm)

Replying to: jubeekabee (May 24, 2012 5:21 pm)
Is it the I4 or the V6 version? Does the 2500$ include taxes and other fees? Are you in NY?

#4679 of 5230 Re: Accord EX-L deal or not? [bball233223] by jubeekabee

May 24, 2012 (5:34 pm)

Replying to: bball233223 (May 24, 2012 5:27 pm)
Yes, everything included...NJ
 
And its the I4

Messages Page 468 of 523

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