Last post on Dec 06, 2013 at 5:39 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Honda Accord, Car Leasing, Coupe, Sedan
#4836 of 5563 Re: 2013 Accord Sedan [jcarlos]
Oct 04, 2012 (6:36 am)
The money factor rates and residual percentages you have are correct. These are set by Honda Financial and not by the dealer. The way you calculate the residual value at the end of your lease or buyout figure like we say it is by taking the MSRP of the car and multiplyng it by the residual percentage, which you have is 62% or 63% depending on which trim level. The high trim levels and models with navigation have lower residual values meaning that they lose their value a little more than the base model LX. The loyalty discount is typically sent to you in marketing materials that Honda may send you by mail or e-mail to you. When it comes time to leasing again with Honda, the dealership should try to give you a better deal obviously because you are a loyal customer. Also they reward loyalty by giving you tier bumps in credit. You may not necessarily have an advantage leasing with the same dealer. Of course, it would be dumb for that dealer not to give you the best deal. You can replace metal but you can't replace customers. That's my philosophy because I am in the business. I would still advise you to shop around. Dealers sometimes try to take advantage that you already have leased with them and then try to make more profit thinking that you won't check their numbers. I work in Planet Honda in Union New Jersey which happens to be one of the top 10 dealers in the US so I have seen some pretty aggressive numbers.
#4837 of 5563 Re: 2013 Accord LX Lease offer [blue3715]
Oct 04, 2012 (7:15 am)
Honda's acq fee for leases is 595, not 795!
Can't comment on the other fees but they seem high too...
#4838 of 5563 Re: 2013 Accord LX Lease offer [pegasus17]
Oct 04, 2012 (7:26 am)
maybe it was $600, i'll check, but from my history, the bank fee in NJ has always been $795, AFAIK.
DMV fees are about $380, that's also what I recall from past years
both #'s are what I've heard on the phone from a few dealers.
These fees are itemized on the lease contract, so it would be foolish for the dealer to lie about bank and DMV mandated fees.. they would be risking a monster $ fine for overcharging fees.
#4839 of 5563 Accord EX L Pricing
Oct 04, 2012 (12:05 pm)
Hi Car man,
I'm interested in buying an EX L 4 cylinder with nav and need to know what I might expect to pay in the SF Bay Area. I live in Napa county and our tax rate is 7.75%. If you can project the difference in payment between buying and leasing that would be great too. Thanks a bunch for your help!
#4840 of 5563 Re: Accord EX L Pricing [adam1978]
Oct 04, 2012 (3:26 pm)
Hi adam1978. Let's work up a lease payment on this car for you and see what we come up with.
According to my calculations, if you were to lease a 2012 Honda Accord Sedan EX-L 4-cylinder with Navigation that has an MSRP of $30,645 and a selling price of $26,346 ($500 over invoice minus $2,250 in cash incentives) through Honda Finance right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $343.
Prices Paid: Buying & Leasing Experiences Forum
#4841 of 5563 Re: Accord EX L Pricing [Car_man]
Oct 05, 2012 (6:28 pm)
Thanks for the reply. I should have specified 2013 is the model year I'm interested in. Any idea what I'd be looking at?
#4842 of 5563 Re: Accord EX L Pricing [adam1978]
Oct 07, 2012 (6:25 am)
Ah ha, the new 2013 model. That's a different story. Honda is not providing any lease support on the '13s yet so I suspect that the payment will be higher.
According to my calculations, if you were to lease a 2013 Honda Accord Sedan EX-L 4-cylinder with Navigation that has an MSRP of $30,785 and a selling price of $29,223 ($1,000 over invoice) through Honda Finance right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $397.
Unfortunately, not nearly as attractive as the '12 model. If you aren't in a hurry,give it a few months. The payments will definitely get better.
Prices Paid: Buying & Leasing Experiences Forum
Oct 11, 2012 (12:04 pm)
I must say the new prices on the 2013 make it very hard to justify given that the 2012 are so much more attractive right now to lease (price-wise)
How does this look? just got this price from my local dealer...
2013 Accord EX, 4dr. CVT.
$325 per month ( includes taxes, all applicable fees, dmv registration fees)
0 down ( 1500.00 inception fees) /12k / 36
The residual is $16502.85. It is Honda lease. No desposition fee at the end of lease, gap insurance included and $1500.00 damage protaction.
#4844 of 5563 Re: 2013 Accord Sedan [jcarlos]
Oct 19, 2012 (4:49 am)
Here's the latest deal I was offered in NJ....
2013 Accord EX
0 down, $310 per month (includes all fees, taxes, etc).
what do you think?
#4845 of 5563 Re: 2013 Accord Sedan [bobbyrutgers]
Oct 19, 2012 (5:23 pm)
What are the terms? 36 months? mileage 12k? Need more specifics. Also $0 down for dealers mean toward capitalized cost reduction. Your inception fees usually you have to put upfront. Things like motor vehicle registration, bank fees, documentation fees, first month payment. I work for Honda so I know how they do things here in NJ.