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Honda Accord Lease Questions

5233 messages,  Last post on May 19, 2013 at 7:50 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 484 of 524

#4825 of 5233 Re: 2013 Accord Sedan [jcarlos] by springman

Sep 29, 2012 (7:34 am)

Replying to: jcarlos (Sep 27, 2012 8:51 pm)
Hi J,
I picked up a 2013 Sport yesterday.
They only had three on the lot. Would not go for my autoshopper price of 23, 471. Car had wheel locks at say $65-$80 I did not count in.
 
However I returned a Honda on lease- so I went that route- Sold the car on lease at $24K, Was $357. a month 36 months. Not one dime out of pocket- they paid-tax, tags-registration- zero due from me in MD. 6%
 
They now supply floor mats- yeah you may laugh but. They also gave me lifetime oil changes and road assistance as Honda does not provide that.
I grumbled at Honda for years on road noise and a few other things. This car however is superb. I love the 4 cyl. Sport. Fantastic!
Jim

#4826 of 5233 Re: 2013 Accord Sedan [springman] by pegasus17

Sep 29, 2012 (8:31 am)

Replying to: springman (Sep 29, 2012 7:34 am)
ref: 4825
Curious about the ride difference between the sport and the LX. Did you drive both? Better start saving up for those 18 inch replacement tires They don't typically wear well especially with the shorter sidewall. Good luck with your new ride!

#4827 of 5233 Re: 2013 Accord Sedan [jcarlos] by sslyusar

Sep 29, 2012 (2:41 pm)

Replying to: jcarlos (Sep 27, 2012 8:51 pm)
Deals you are getting are very bad, new accord model just came out so prices will not be good, if you can wait few months I recommend that you do, if your lease is not over yet, you can always request 3month extension on your current lease and you can do it multiple times.
 
4 cylinder Accord EX-L should not cost more than $300/month to lease in NY. For $350 you should be looking at fully loaded 6 cylinder model. Especially considering that you will get the loyalty discount.
 
This is assuming good credit.
 
When new models come out they have no deals for these cars, to help dealers move older inventory. That's why it is not a good time to buy 2013 model but it is a great time to buy 2012 model, you need to wait until 2012 models are sold out and deals come out for newer model.
 
So my advice - tell the dealers to shove that civic EX up their ass. There is little difference between new accord and older model in price, dealers are just trying to make money. Do not believe a word they say. I hate to discover people paying $50 or $80 more for a lease because they pretty much got ripped off.

#4828 of 5233 Re: 2013 Accord Sedan [jcarlos] by cashibata

Sep 30, 2012 (12:04 pm)

Replying to: jcarlos (Sep 27, 2012 8:51 pm)
JC,
 
Honestly, I would wait until the lease programs get better. They are using Standard Honda lease rates now which are the equivalent of about 4% APR in the money factor rate. We are starting to stock up on Accords at this point, meaning the new 2013. We have 2012's left over as well but upper trim levels that you can get a spectacular deal on both in lease or finance. Up to $2750 in dealer cash for the V6 models and $2250 for the 4 cylinder Accord EX and above models, 2012. Plus the money factor rate on the 2012 is very low .00046. I would call Honda and extend your Civic lease month to month. I would probably expect in the next few months the programs will get better. In terms of insurance for the Sport model, the only thing that the sport model adds are the following features:
 
Leather wrapped steering wheel.
18" alloy wheels and tires
All black interior regardless of exterior color
Dual Exhaust
Rear Decklid spoiler
Fog lights
189 hp vs 185hp on the other Accords
Paddle shifters for the CVT transmission
 
I really don't think the insurance will be higher quite honestly. They are mostly cosmetic things and not a huge increase in power.
 
CS

#4829 of 5233 Re: 2013 Accord Sedan [cashibata] by jcarlos

Sep 30, 2012 (6:42 pm)

Replying to: cashibata (Sep 30, 2012 12:04 pm)
Guys, thank you all so much for your good advice. I think I'll take it and simply wait. Just today I've been having back and forth emails with one dealer. Below is his latest offer.
 
LX: $311.71
Sport: $339.50
 
This is on a 36-month lease with $595 bank fee and NYC 8.875% tax rolled into the monthly payment. If I pay these fees up front, the quotes were:
 
LX: $259.67
Sport: $284.80
 
I asked the dealer for some details as to how he arrived to this monthly amounts. This is what he provided.
 
Cap Cost: $21,369 for LX
                 $22,929 for Sport
Bank fee: $595.00
Money factor: 0.00165 Res %63 for LX and %62 Sport
 
Are his numbers correct based on this numbers? How do you compute the residual value based on these numbers?
 
I already passed my lease wear and tear inspection on the Civic which came up to $0 liability. Given that I live in NYC, I end up parking on the streets and cars get treated pretty bad by unscrupulous drivers when parking. I had already extended the lease for 3 months waiting to see the new Accord. I do like the new Accord and love how the Sport looks. I will definitely get the LX or Sport. I think I better hand in the Civic and patiently wait for the lease deals to get better. I wouldn't like to incur any additional charges on the Civic. In the meantime, I can save on the monthly payments, insurance and those pesky parking tickets
 
Two more questions:
 
1. Who enforces the loyalty discount and how much is it? Do I call Honda Financial or simply tell the dealer?
 
2. Do I have an advantage dealing with the same dealer where I leased my Civic, or does it still pay to shop around with different dealers? Shouldn't my current dealer make it easier for me and not treat me like a new customer given I already leased with them? I thought even Honda would do that. I simply hate all the haggling and lies you have to go through with dealers.

#4830 of 5233 Re: 2013 Accord Sedan [pegasus17] by springman

Sep 30, 2012 (7:27 pm)

Replying to: pegasus17 (Sep 29, 2012 8:31 am)
The sport does have an adjusted suspension which is just a bit more taunt but I did not find much difference between the too except the sport turning radius is a bit more. The 18" tires are tread wear rated at 500 which is pretty good. I don't put on many miles so it will not be a big deal and I get Michelin tires very cheap locally. But I will not need them.

#4831 of 5233 Sport tires by springman

Sep 30, 2012 (7:46 pm)

http://www.tirerack.com/tires/tires.jsp?tireMake=Michelin&tireModel=Primacy+MXM4- &partnum=345VR8MXM4P&vehicleSearch=false&fromCompare1=yes
 
At retail prices they are not so cheap. But good wear ratings

#4832 of 5233 Wait until December at the earliest by ajr1775

Oct 01, 2012 (6:49 am)

Try a reverse auction through Carwoo and see what happens. You can always decline and wait. My suggestion, wait until end of December; near end of month and end of quarter during a typically slow month for dealers. Use Carwoo right after Christmas and be ready to move fast on offers.

#4833 of 5233 Re: 2013 Accord Sedan [sslyusar] by mg198

Oct 01, 2012 (11:53 am)

Replying to: sslyusar (Sep 29, 2012 2:41 pm)
Hi,
 I just got a quote for honda accord 2012 ex, $ 2000 down and $350 a month. What is currently considered a good deal for a 2012 accord?

#4834 of 5233 Re: 2013 Accord Sedan [mg198] by verinox

Oct 02, 2012 (7:13 pm)

Replying to: mg198 (Oct 01, 2012 11:53 am)
For a 2012 that's very high. Check out Weymouth Honda or Legend Leasing (google them) for reference prices that you should try to work towards.

Messages Page 484 of 524

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