Last post on May 22, 2013 at 9:24 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#4730 of 5261 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 5261 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 5261 Re: 2012 Honda Accord lease [briank84]
by kyfdx HOST
Jun 26, 2012 (4:37 pm)
GAP doesn't cover your downpayment...
#4735 of 5261 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 5261 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.
#4737 of 5261 Re: Honda Accord SE 1 Pay Lease $5089.69 + Tax (27 Months x 15,000 Mi/yr) + DMV [gpsac]
Jun 29, 2012 (12:09 pm)
Looks like some people just cannot read.
The deal looks very good though.
Anyway, does anyone knows why dealers push this "one up front payment" lease? Why would they care? They get their sale price not your payments, those go to AHFS.
#4739 of 5261 Leased on 6/30/2012
Jul 01, 2012 (2:38 am)
Leased a brand new 2012 Accord EXL 4-Cyl yesterday. They paid the last 3 payments of our civic, which came to about $1000. We put nothing down and they paid our first payment. Sign and drive without spending a dime on a 36 month lease.
$317/mo after taxes, etc.
The MSRP was $28,500 but the dealer listed the cost at around $25,500.
Hope that helps someone. The event at my local dealer is supposed to end Monday. We went to look at swapping our Civic for a CRV, but the leases on the CRVs are just terrible compared to an equally priced Accord. The new CRVs are awesome though. Our quote on the CRV EXL was $460/mo...MSRP was $29325.