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Honda Accord Lease Questions

5247 messages,  Last post on May 21, 2013 at 8:20 PM

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

Messages Page 474 of 525

#4727 of 5247 2012 Honda Accord LX by golf213

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).
 
Thoughts?
 
THANKS!

#4728 of 5247 Re: 2012 Honda Accord LX [golf213] by landofand

Jun 25, 2012 (3:52 am)

Replying to: golf213 (Jun 24, 2012 7:45 pm)
golf213
 
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] by marie99

Jun 25, 2012 (6:44 am)

Replying to: golf213 (Jun 24, 2012 7:45 pm)
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] by briank84

Jun 26, 2012 (1:51 pm)

Replying to: oduran1999 (Jun 20, 2012 12:08 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.

#4731 of 5247 Re: 2012 Honda Accord lease [briank84] by jett456

Jun 26, 2012 (2:27 pm)

Replying to: briank84 (Jun 26, 2012 1:51 pm)
That isn't what GAP insurance is.
http://www.leasecompare.com/autolease101_6.php

#4732 of 5247 Re: 2012 Honda Accord lease [briank84] by SergeyM

Jun 26, 2012 (2:28 pm)

Replying to: briank84 (Jun 26, 2012 1:51 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)

Replying to: briank84 (Jun 26, 2012 1:51 pm)
Ditto...
 
GAP doesn't cover your downpayment...

#4735 of 5247 Re: 2012 Honda Accord LX [marie99] by gpsac

Jun 29, 2012 (9:06 am)

Replying to: marie99 (Jun 25, 2012 6:44 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] by gpsac

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.

Messages Page 474 of 525

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