Last post on Jun 12, 2013 at 9:13 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Car Leasing, Coupe, Sedan
#4768 of 5289 2012 Honda Accord LX W/ Auto transmission
Jul 23, 2012 (11:44 am)
I am interested in leasing the Accord LX sedan with auto transmission and wanted to know if $169.00 per month on 36 months and 12k miles per year + $1556.00 out of pocket was a good deal. The out of pocket is the taxes on 36 monthly payments = 539.96 NYC taxes of 8.875 percent. The bank fee of 595 + 52.81 taxes, 1st month payment of 169.00 and 200.00 for plates and registration. Totaling $7471 over the entire lease term including the out of pocket.Thanks all
#4769 of 5289 REQUEST: Lease rates for 2012 Accord EXL-V6 for July
Jul 24, 2012 (2:30 pm)
Need mf and residual for July on lease for EXL-V6 (msrp 30400), excellent credit, 12k per year, 36 months
#4770 of 5289 2012 Honda Accord EX Manual
Jul 25, 2012 (10:36 am)
Hey guys, just looking for some insight on the following deal.
2012 Honda Accord EX Manual Black on Black
Discounted Price- $21,424.00
Absolutely no money down
$240/month, or $255/month with the wing spoiler I wanted
Wheel lock and mud guards both included (installed)
My question is if this is a good deal, how can I convert the same to a Purchase deal (as in no lease). I have great credit, so what can I expect my monthly payments to be if I purchased it? This is my first new car im leasing/purchasing, so I'm a little scared to go to the dealer and work out the contract (not confident I will get a good deal) . Any insight is greatly appreciated.
#4771 of 5289 Re: 2012 Honda Accord EX Manual [tmzn32]
Jul 25, 2012 (1:10 pm)
240 is a bit high for an EX manual. try using this:
you will need the money factor and residual % but you should know them anyway if you are leasing (first timers especially). I doubt the spoiler is being residualized so you are paying for it entirely in the extra 15/month. Makes no financial sense unless you are a teenager and this is your p-mobile. good luck...
#4772 of 5289 Re: 2012 Honda Accord EX Manual [pegasus17]
Jul 25, 2012 (1:26 pm)
Yes I used a 57% residual, .00046 money factor (thanks to carman), and that yields 226/month. The 240 is all inclusive, includes taxes and fees.
I am not a teenager. I just graduated college and have an engineering job, but I'm still debating between leasing and buying. I drive close to or less than 10k a year, and I dont beat the hell out of my vehicles. I seem to change my mind every day. I know about their graduate program they have going on with the 0.9% APR for 36 month purchase, and the 1.9% for 37-60 month purchase, which seems to be quite a good deal. I can still keep relatively low monthly payments, with little to no money down.
Thanks for the response, and let me know if that 240 (being all inclusive) is good. Would the dealer keep that sell price if I decided to finance a purchase? I would think so.
#4773 of 5289 Re: 2012 Honda Accord EX Manual [tmzn32]
Jul 25, 2012 (1:49 pm)
I get a pre-tax monthly of 229.46 using a 595 acq fee and all other numbers from your post. Did you include the acq fee charged by honda Finance?
Re the price: Pricing for a lease vs a buy could be different depending on the current incentives; sometimes there is lease cash vs a lower loan rate for a purchase - it depends. Not knowing your tax rate (state) and the bs fees they MAY be adding on, it is hard to tell. Overall, any time you can lease for less than $10 per $1000 of MSRP on a standard 3/36k lease, that is a very good deal.
#4774 of 5289 Re: 2012 Honda Accord EX Manual [pegasus17]
Jul 25, 2012 (2:30 pm)
Yes, I was told that its everything included AFTER taxes, comes to 240 a month. By everything included I mean after the fees they charge.
#4775 of 5289 Re: 2012 Honda Accord EX Manual [tmzn32]
Jul 25, 2012 (5:51 pm)
I would ask for full disclosure of fees and taxes so you can make sure they are reasonable before you sign papers in the finance office. Otherwise it's too late...
#4776 of 5289 Re: 2012 Honda Accord EX Manual [pegasus17]
Jul 25, 2012 (6:34 pm)
Yes before I sign the papers. They assured that it's no money down, and fees and taxes are built into monthly quote. What do you think?
#4777 of 5289 Re: 2012 Honda Accord EX Manual [tmzn32]
Jul 25, 2012 (8:42 pm)
Provided you are proficient in driving a stick (I live in the city so it wouldn't work for me), i'd still try to get them down to 225/month and settle on 235 or 240 if you had to. it's getting near the end of the month so their quota issue becomes relevant. As i said before, any time you can lease for less than $10 per 1000 dollars of msrp, it is a deal. Good luck