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You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#4727 of 5247 2012 Honda Accord LX
Jun 24, 2012 (7:45 pm)
Please tell me if you think this is a good lease deal...or if I can do better...
2012 Honda Accord LX
36 month lease
15,000 miles / year
$1,700 up front (includes first month payment, tax, inception, etc. dealership was not really clear on the rest)
Monthly Payment (after tax): $290
This is in Miami.
Also important is that as part of this, the dealership would be buying out my 2010 Ford Fusion which has 75,000 miles on it...and has $9,000 left on it (to pay off).
#4728 of 5247 Re: 2012 Honda Accord LX [golf213]
Jun 25, 2012 (3:52 am)
don't ever talk to this dealership again. they are laughing at how stupid they think you are. good thing you have friends here on Edmunds.
your lease should costs you maybe $200/mo with $0 down
i got an SE last month for $212/mo, $0 down and 15k/yr
You are paying almost $5k more for the LX which costs about $2k less than my SE. so unless you are selling your Fusion for $2k......
Piece of advice, negotiate the sale separately from the trade in. don't let the dealership know that you have a trade-in, because they always will merge the two together and you will always do worse off.
if you can't get sale price on your accord lx less than $19k, then call someone else. The lease is based on selling price, minus residual - which is set by honda financial (based on term and mileage). I actually flew from michigan to Baltimore to buy mine (save me $2500 and well worth it)
#4729 of 5247 Re: 2012 Honda Accord LX [golf213]
Jun 25, 2012 (6:44 am)
Here is an ad from New Jersey to give you an idea of what is being offered elsewhere. http://www.hamiltonhonda.net/newspaper-ads.htm
I leased an LX for $0 down $149 a month, 36 months, 12,000 miles per year at the end of April. Around $1600 taxes, tags, dealer prep up front, Honda paid first month and free oil changes and car washes. Now they raised it to $179 a month at this dealership. I know you are in Florida but I wanted to let you know what is happening in other parts of the country.
#4730 of 5247 Re: 2012 Honda Accord lease [oduran1999]
Jun 26, 2012 (1:51 pm)
I will let you know that with a Honda paying money up front isn't a big deal as it will be covered, as GAP insurance is part of a Honda lease. Guys stop spreading misinformation.
He's also located in New York where GAP insurance is required by law.
Anyway I found Honda of New Rochelle to be a joke with their "we'll beat any prices, but they never do"
Call Plaza Honda, their leasing department offered me a one pay lease of $5780 all in (transfer of plates, not new plates) (27 months, 15,000 mi/yr, so 33,750 mi total). Don't call their regular sales department, they are garbage and refuse to even give you a quote via email, but the salesman from the leasing department was good. I'm going to pick it up on Thursday, hopefully it goes smoothly.
#4732 of 5247 Re: 2012 Honda Accord lease [briank84]
Jun 26, 2012 (2:28 pm)
All I can say - good luck with recovering that $5,780 if your car gets stolen or totaled next day after you take delivery, especially the sales tax and doc fees.
#4733 of 5247 Re: 2012 Honda Accord lease [briank84]
by kyfdx HOST
Jun 26, 2012 (4:37 pm)
GAP doesn't cover your downpayment...
#4735 of 5247 Re: 2012 Honda Accord LX [marie99]
Jun 29, 2012 (9:06 am)
You leased an 2012 LX automatic for 36 mo. $149 and all you came up with was $1600?
#4736 of 5247 Re: Honda Accord SE 1 Pay Lease $5089.69 + Tax (27 Months x 15,000 Mi/yr) + DMV [briank84]
Jun 29, 2012 (9:35 am)
GAP coverage protects you from being "upside down" in the event of a theft or accident if the vehicle is totaled and the value is less than the pay-off.
If you lease a $20,000 car with 0 down, your pay-off is $20,000 when you drive off the lot. If you pre-pay $5,000 (payments upfront or down payment) then your pay-off is $15,000 when driving off the lot.
GAP only covers your obligation to the lender.